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Butylated hydroxytoluene market size to reach $380 million-mark by ’25
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Friday, 17 May, 2019, 15 : 00 PM [IST]
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Kunal Ahuja and Sonal Singh
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Our new research report, titled Butylated Hydroxytoluene Market Size By Application (Food, Animal Feed [Poultry, Swine, Fish Feed, Cattle], Lubricating and Specialty Oils, Rubber, Personal Care and Cosmetics, Industrial Fats, Oils and Fatty Acids, Printing Inks and Coatings, Food Packaging), Industry Analysis Report, Regional Outlook (the US, Canada, Mexico, Germany, the UK, France, Italy, Netherlands, Russia, Spain, China, Japan, India, South Korea, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, the UAE and South Africa), Application Potential, Price Trend, Competitive Market Share and Forecast, 2019–2025, has pegged the size of the butylated hydroxytoluene (BHT) market to reach $380 million by 2025.
The intensifying demand for synthetic antioxidants, owing to their increasing utilisation for preserving food products, in order to increase shelf life will boost the BHT market growth.
The product inhibits oxidation and has its applications in several industries, including cosmetics, food additives, lubricating and specialty oils, food packaging, animal feed and pharmaceuticals.
The global butylated hydroxytoluene market from food application is anticipated to exceed $90 million in projected timeline.
The product prevents food spoilage which caused from mold, bacteria, and yeast. It helps to prevent or delay changes in food texture, flavour, and colour.
BHT is added to several food products including cookies, snacks, fats and oils, meat, and dressings. Rising urbanisation and purchasing power of consumers will surge the market growth.
Butylated hydroxytoluene creates an adsorption film on metal surface, thus it acts as corrosion inhibitor for carbon steel in biodiesel blend B20.
Use of biodiesel as a fuel reduces exhaust emission as compared to petroleum diesel and gasoline.
Rising environmental pollution levels, due to increasing greenhouse gas emissions will drive biodiesel demand, hence fortifying the BHT market size.
Feed antioxidants, including BHT, helps to improve immunity against animal diseases. The product is thus added to cattle feed in order to increase its shelf life. Rising research activities to prevent cattle diseases will drive the cattle feed industry, hence surging the product demand.
The global BHT market from lubricating and specialty oils application is anticipated to exceed $40 million in projected timeline.
BHT functions as an antioxidant and stabiliser for several fluids and synthetic oils, including brake fluids, transmission fluids, hydraulic, spindle, slushing, and cutting oils.
Rising automotive and industrial sectors in Asia Pacific due to economic growth and foreign direct investments (FDI) will spur the product demand.
Increasing research and development to determine side effects of butylated hydroxytoluene for use in medical doses, cosmetics, and food may negatively impact industry growth.
Skin and eyes irritation, and other health problems related to BHT may hamper industry profitability and market price trends.
China’s BHT market may witness considerable gains over 5.5 per cent by 2025. BHT, owing to its food preserving and antioxidative properties, is extensively added to food packaging products.
The rising demand of attractive food packaging sheets and plastics in order to lure customers will enhance the BHT market size.
The BHT market from personal care and cosmetics application may witness considerable gains up to 4.5 per cent by 2025.
It neutralises free oxygen radicals, increases shelf life, and stabilises colorants in personal care products.
Growing demand of skin and sun care products due to changing climatic conditions and global warming will drive cosmetics industry growth. This will surge the market growth.
The US BHT market is anticipated to exceed $85 million in the projected timeline. The product functions as a preservative and antioxidant for manufacturing animal feed products.
The increasing number of animal feed manufacturing mills in the region, due to the growing animal population in the region, will fortify the regional industry size.
The BHT market from industrial fats, oils and fatty acids may witness considerable gains up to 4.5 per cent by 2025. BHT, owing to its rancidity development preventing properties, has applications in industrial fats, oils and fatty acids.
Growing automation and robotics trends in the manufacturing sector will spur the industrial oils demand, which will enhance the industry size.
The global BHT market share is moderately fragmented with key industry precipitants, including Eastman Chemical Co, Sinofi Ingredients, Kemin Industries, OXIRIS, KH Chemicals, and Sasol.
Manufacturers are investing heavily in R&D (research and development), product innovation and capacity expansion in order to cater to the increasing industry growth.
(The authors are from Global Market Insights, Inc.)
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