Antioxidant BHT Market for Animal Feed, Food and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 09/21/2016 -- The report covers forecast and analysis for the antioxidant BHT market on a global and regional level. According to the report, the global antioxidant BHT market was valued at USD 197.86 million in 2015 and is expected to reach approximately USD 265.91 million by 2021, growing at a CAGR of around 5.10% between 2016 and 2021. The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the antioxidant BHT market on a global level.
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In order to give the users of this report a comprehensive view on the antioxidant BHT market, we have included analysis of Porter's five forces model, patent analysis and strategic developments in the report for the antioxidant BHT market. The study encompasses a market attractiveness analysis, wherein regional segments are benchmarked based on their market size, growth rate and general attractiveness.
The demand-driving factors of the antioxidants BHT market are the globally increasing prices of feed, and the increasing use of antioxidants in improving the animals' disease resistance. Moreover, expansion of food and pharmaceutical industries is expected to augment antioxidant BHT market growth over the projected period. Long-term exposure to high doses of BHT is toxic and it may cause liver, kidneyand thyroid problems and also affecting lung function and blood coagulation. However, harmful effect of BHT may hamper the market growth within the forecast period. Nevertheless, ongoing research to enhance BHT antioxidant properties is expected to open up new growth opportunities over the next few years.
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Based on application, the antioxidant BHT market can be segmented into animal feed, food and others (cosmetics, pharmaceuticals, rubber, electrical transformer oil, fuel additive, etc.). Fooddominated the market with over 48% share of the total market in 2015. Antioxidant BHT helps in reducing the rate of oxidation of feed, thus preventing wastage of feed.This helps the farmerto bring down feed costs. Thus, food segment is expected to exhibit significant growth in the years to come.Animal feed is another leading segment of antioxidant BHT market and is expected to show strong growth in the near future. Other applications like cosmetics, rubber etc also expected to witness significant growth over the forecast period.
Asia Pacific was the leading regional market for antioxidants BHT in 2015. Asia Pacific accounted for over 55%share of total revenue generated in 2015.This growth is mainly due tothe presence of robust manufacturing bases for foods, and feed.In addition, China was the largest consumer of antioxidant BHT in 2015. Furthermore, North America was the second largest regional market and is expected to witness significant growth in the years to come. This growth is attributed to the high demand for protein and meat consumption. Latin America and Middle East & Africa are also expected to exhibit significant growth within the forecast period.
The study provides a decisive view on the antioxidant BHT market by segmenting the market based on application and geography. Based on application, antioxidant BHT market can be segmented into food, animal feed & others (cosmetics, pharmaceuticals, rubber, electrical transformer oil, fuel additive, etc). All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africawith its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.
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The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Caldic, Cargill, LANXESS, Impextraco, Perstorp Group, Merisol USA LLC, Milestone Preservatives Private Limited, Eastman Chemical Company, Oxiris Chemicals S.A., Nova International, Feiya Chemical Industry Co., Ltd., JiYi Chemical (Beijing) Co. Ltd andNanJingLongYan Chemical Co. Ltd.
This report segments the antioxidant BHT market as follows:
Antioxidant BHT Market: Application Analysis
Others (Cosmetics, pharmaceuticals, rubber, electrical transformer oil, fuel additive, etc.)
Antioxidant BHT Market: Regional Segment Analysis
Middle East and Africa