Butylated Hydroxytoluene Market Scope
Butylated hydroxytoluene is a chemical which is a derivative of phenol. It has antioxidant properties. It is widely used in industries such as food & beverages, animal feed, personal care, and plastics & rubbers. Butylated hydroxytoluene market has high growth prospects owing to increasing use as an antioxidant in the food, drugs, and others. Further, increasing demand from the developing economies owing to growing industrialization and prepared food industry expected to drive the demand for butylated hydroxytoluene market over the forecasted period.
The market study is being classified by Type (Food Grade, Industrial Grade and Other), by Application (Food Additives, Fuel Additives, Industrial Additives, Polymeric Ingredients, Pesticide Ingredients, Cosmetic Ingredients and Others) and major geographies with country level break-up. According to AMA, the Global Butylated Hydroxytoluene market is expected to see growth rate of 5.2%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States, India Vendors will contribute to the maximum growth of Global Butylated Hydroxytoluene market throughout the predicted period.
Sasol Limited (South Africa), Lanxess AG (Germany), Eastman Chemical Company (United States), Oxiris Chemicals S.A. (Spain), HELM AG (Germany), Finoric Llc (United States), Honshu Chemical Industry Co. Ltd (Japan), Twinkle Chemi Lab Pvt Ltd (India), Yasho Industries Limited (India) and Milestone Preservatives Pvt Ltd (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Cargill Incorporated (United States), Caldic B.V. (Netherland) and Finar Limited (India).
AdvanceMarketAnalytics has segmented the market of Global Butylated Hydroxytoluene market by Type, Application and Region.
On the basis of geography, the market of Butylated Hydroxytoluene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Industry, the sub-segment i.e. Plastics & Rubbers will boost the Butylated Hydroxytoluene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
“According to the Food and Drug Administration, the food additive BHT (butylated hydroxytoluene), alone or in combination with other antioxidants permitted safely used in or on specified foods, as follows. The BHT meets the Food Limitations (total BHA and BHT) parts per million for Dehydrated potato shreds is 50, Dry breakfast cereals is 50, Emulsion stabilizers for shortenings is 200, Potato flakes is 50, Potato granules is 10, and for Sweetpotato flakes it is 50 parts per million. To assure safe use of the additive the label of any market package of the additive shall bear, in addition to the other information required by the Act, the name of the additive.”
- Increasing Demand Of For Polyethylene and Polypropylene Stabilization
- Rising Application in the Prepared Food Sector
- Rising Application in the Personal Care Products
- Growing Production of Plastic Globally
- Rising Demand from the Food and Beverage Industry
- Increasing Demand from the Developing Economies Owing to Growth in Industrialization
- Stringent Government Regulations Regarding Chemicals
- Adverse Effect of Butylated Hydroxytoluene on Health
- Focus On Development of Non-Toxic Alternatives for Butylated Hydroxytoluene
Key Target AudienceButylated Hydroxytoluene Providers, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
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