It helps in extending the shelf-life of products by preventing the oxidation of fats and oils. BHT acts as a radical-scavenger to stabilize products from rancidity by reacting with the free radicals produced during the lipid oxidation chain reaction. Butylated hydroxytoluene enjoys wide usage in food, pharmaceutical, plastic and rubber, personal care and cosmetic industries.
The Global Butylated Hydroxytoluene (BHT) Market is estimated to be valued at US$ 236.8 million in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Butylated Hydroxytoluene market are Oxiris Chemicals S.A., Camlin Fine Science, Finoric LLC, Dycon Chemicals, Honshu Chemical Industry Co., Ltd., Sasol Limited, Lanxess, Eastman Chemical Company.
The growing demand for BHT from food packaging, cosmetics and personal care industries presents significant growth opportunities for market players. The anti-oxidant and preservative properties make BHT suitable for use in various end-use applications.
Asia Pacific holds the largest share in global BHT market and is projected to witness robust growth over the forecast period. Increasing population, rising disposable income and growing demand for packaged and processed foods drives the market growth in Asia Pacific region.
Market drivers
The increasing demand from food and cosmetics industry is a key factor driving the growth of Butylated Hydroxytoluene Market Size . Butylated hydroxytoluene helps extend the shelf-life of packaged, frozen and prepared foods by preventing oxidation. It is widely used as a preservative in bakery products, fats, oils and gum. Growing demand for packaged and convenience food augments the consumption of BHT. Additionally, rising personal care and cosmetics industry further propels the market growth of butylated hydroxytoluene globally over the forecast period.
PEST Analysis
Political: Stringent regulation regarding safety and quality of food packaging has increased demand for antioxidants like Butylated Hydroxytoluene. European Union, FDA, FSSAI regulations guide the usage levels of BHT in food products.
Economic: Rising disposable incomes and changing consumer dietary patterns have propelled consumption of processed and packaged food items globally. This fuels growth in antioxidant demand from food manufacturing sector.
Social: Growing health consciousness among consumers has led to preference for packaged food items with natural preservatives over synthetic ones. This provides opportunities for plant-based alternative antioxidants to BHT.
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