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Market Summary:

According to a new report by Reports and Data, the Butylated Hydroxytoluene market size was 227.12 Million in 2019, and it is expected to reach around USD 339.99 Million by 2027, growing at a CAGR of 5.1% through the forecast period.

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Butylated hydroxytoluene (BHT) is an organic compound, chemically a derivative of phenol that is useful for its antioxidant properties. European and North American regulations allow controlled amounts to be used as a food additive. In addition to this use, it is widely used to prevent oxidation in fluids like fuel, oil, and other materials where the free radicals must be controlled. Many studies have been focusing on determining their efficacy for different applications.

A 2020 study by Guzel Ziyatdinova and her team at Kazan Federal University was also focused on the efficiency of preservatives. The study suggests that butylated hydroxytoluene, Tert-butylhydroquinone (TBHQ), and butylated hydroxyanisole (BHA), which are typically used as preserving additives, when used in high concentration, might have adverse health effects such as carcinogenesis, the underdevelopment of the reproductive system, vision impairment, and chronic neurotoxicity. It indicates that their use in food should be regulated.

The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry. The research also focuses on existing and evolving butylated hydroxytoluene uses, including the applications of butylated hydroxytoluene in food, as well as butylated hydroxytoluene structure, use of butylated hydroxytoluene in cosmetics. It also offers an evaluation of its application with butylated hydroxyanisole in the cosmetics industry and as food preservatives.

Grade Type Outlook:

The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry. The segment is further divided into Food Grade and Technical Grade. Food grade products held a market share of 38.2% by the year 2019. The use of these products in heavy quantities increases the risk of health hazards, which deters the high growth of the market in this segment. Research, in order to curtail the amount of toxicity, shall result in the improvement of the utility of these chemicals in edibles.

Application Type Outlook:

The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry. The segment is further divided into Food Additives, Fuel Additive, Industrial Additives, Polymeric Ingredients, Pesticide Ingredients, Cosmetic Ingredients, and Others. The cosmetic ingredient segment is set to experience the highest CAGR of around 6.2% during the forecast period owing to the high utility of butylated hydroxytoluene in the manufacturing of cosmetic products. The product acts as an antioxidant & preservative and slows the degradation of cosmetics, which occurs owing to the chemical reaction in the presence of oxygen. Butylated hydroxytoluene is used as additives for turbine oils, transformer oils, hydraulic fluids, waxes, greases, and gasoline. This segment for fuel additives held a market share of around 21.6% in the year 2019. Butylated hydroxytoluene is used as a fuel additive known as type AO-29 fuel.

End-Users Outlook:

The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry. The research also focuses on existing and evolving butylated hydroxytoluene uses, including the applications of butylated hydroxytoluene in food, as well as butylated hydroxytoluene structure, use of butylated hydroxytoluene in cosmetics. It also offers an evaluation of its application with butylated hydroxyanisole in the cosmetics industry and as food preservatives. The segment is further divided into Oil & Gas, Food & Beverages, Consumer Products, Aerospace, Automotive, and Others. The study focuses on the different end-user industries and highlights recent developments. It also gives a COVID-19 impact analysis wherein it examines the changes brought on in the market by the outbreak and the aftereffects expected to be seen in the forecast period.

Regional Outlook:

North America dominates the butylated hydroxytoluene market and is likely to record steady growth in the forecast period due to the growth of the cosmetic industry in the region. Moreover, technological advancements happening across the region are further propelling the growth of the market. The application of butylated hydroxytoluene as a food additive is known to have detrimental effects, including carcinogenic activity and liver enlargement, which is expected to hinder market growth in the Food & Beverage segment in the forecast years. The presence of several natural antioxidant substitutes, including vitamin E, polyphenols, and vitamin C may hamper butylated hydroxytoluene market profitability and industry price trends.

Europe is forecast to experience a CAGR of 4.9% during the forecast period. The European Union has put into effect an integrated Pollution Prevention and Control (IPPC) Directive in order to restrict the utilization of harmful chemicals that shall have a negative effect on the overall growth of the butylated hydroxytoluene market in this region. The growing demand for cosmetic products owing to the rising utility of grooming, among teenagers in the region will increase the global market growth.

North America held a market share of over 22.7% in the year 2019. The demand for butylated hydroxytoluene is quickly growing due to their usage in a broad range of applications, including cosmetics, food packaging, and the chemical industry is expected to drive the market growth.

Market-O-Nomics

The Butylated Hydroxytoluene Market size was 227.12 Million in 2019, and it is expected to reach around USD 339.99 Million by 2027, growing at a CAGR of 5.1% through the forecast period.

The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry.

The research also focuses on existing and evolving butylated hydroxytoluene uses, including the applications of butylated hydroxytoluene in food, as well as butylated hydroxytoluene structure, use of butylated hydroxytoluene in cosmetics.

It also offers an evaluation of its application with butylated hydroxyanisole in the cosmetics industry and as food preservatives.

Europe is forecast to experience a CAGR of 4.9% during the forecast period. The European Union has put into effect an integrated Pollution Prevention and Control (IPPC) Directive in order to restrict the utilization of harmful chemicals that shall have a negative effect on the overall growth of the butylated hydroxytoluene market in this region.

The growing demand for cosmetic products owing to the rising utility of grooming, among teenagers in the region will increase the global market growth.

North America held a market share of over 22.7% in the year 2019. The demand for butylated hydroxytoluene is quickly growing due to their usage in a broad range of applications, including cosmetics, food packaging, and the chemical industry is expected to drive the market growth.

Butylated hydroxytoluene is used as additives for turbine oils, transformer oils, hydraulic fluids, waxes, greases, and gasoline. This segment for fuel additives held a market share of nearly 21.6% in the year 2019. Butylated hydroxytoluene is used as a fuel additive known as type AO-29 fuel.

Competitive landscape

The report studies the major companies in the global industry, along with new entrants, and their growth prospects for the forecast period. The leading companies have adopted various strategies to fortify their position in the global market. The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry. The research also focuses on existing and evolving butylated hydroxytoluene uses, including the applications of butylated hydroxytoluene in food, as well as butylated hydroxytoluene structure, use of butylated hydroxytoluene in cosmetics. It also offers an evaluation of its application with butylated hydroxyanisole in the cosmetics industry and as food preservatives.

Deal landscape

In July 2017, Kemin Industries, a leading food and beverage company, launched a color protection simulator for food and beverages in their North America branch. Consumer-friendly antioxidants like Butylated Hydroxytoluene, Butylated Hydroxyanisole, and Tertiary-Butylhydroquinone, are utilized as color protection solutions. The company develops a simulator for easy visualization of the color degradation process. The simulator helps production units to determine the optimal antioxidant solution in order to meet the requirements of their desired shelf life.

In 2017, Cargill completed the acquisition of the animal feed business of Richmond, Virginia-based Southern States Cooperative Inc., a move that will help the manufacturer serve its customers better in the eastern United States. This venture is an important part of Cargill Feed and Nutrition’s growth strategy, and it will introduce the venture into the animal feed industry, thus, strengthening its distribution.

Companies profiled

The leading companies in the butylated hydroxytoluene market profiled in the study are Cargill Incorporated, Caldic B.V., Impextraco NV, LANXESS, Parchem Fine & Specialty Chemicals, Perstorp Group, Milestone Preservatives Pvt. Ltd., KH Chemicals, Eastman Chemical Company, and Merisol USA LLC, among others.

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2027. For the purpose of this report, Reports and Data has segmented into the global Butylated Hydroxytoluene Market on the basis of grade type, application type, end-users, and region:

Grade Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Food Grade

Technical Grade

Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Food Additives

Fuel Additive

Industrial Additives

Polymeric Ingredients

Pesticide Ingredients

Cosmetic Ingredients

Others

End-Users Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Oil & Gas

Food & Beverages

Consumer Products

Aerospace

Automotive

Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

North America

U.S.

Europe

U.K.



France

Asia Pacific

China



India



Japan

Latin America

Brazil



Middle East & Africa