Reports
Global Butylated Hydroxytoluene (BHT) Market: Technical, Food; By Application: Food Additive, Lubricating and Specialty Oils, Plastics and Rubber, Personal Care and Cosmetics, Printing Inks and Coatings, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Butylated Hydroxytoluene (BHT) Market Outlook
The global butylated hydroxytoluene (BHT) market reached a value of about USD 229 million in 2020. The market is further expected to grow at a CAGR of 5% in the forecast period of 2023-2028 to reach a value of approximately USD 307 million by 2026.
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Increasing Demand for Speciality and Lubricating Oils to Bolster the Growth of the Butylated Hydroxytoluene (BHT) Industry
Based on application, the speciality and lubricating oils segment accounts for a significant share in the industry. This can be attributed to the increasing demand for lubricants in paper mills, metal forming, foundry, mining, quarrying, energy, plastics, and machinery, among others. The growth of the automotive industry is likely to foster the demand for lubricating oils. This will further provide an impetus to the market growth. Moreover, the anti-oxidant properties of butylated hydroxytoluene make it an excellent component for use in skincare products. Therefore, the growth of the cosmetics and personal care segment, owing to the increasing disposable income and rising living standards, is anticipated to augment the global butylated hydroxytoluene industry further.
The Asia Pacific to Provide Significant Growth Opportunities to the Butylated Hydroxytoluene (BHT) Industry
The Middle East and Africa and the Asia Pacific are anticipated to provide lucrative growth opportunities to the market. The market growth in the Asia Pacific can be attributed to the rising living standards and disposable income of a significant portion of the population. The demand for newspapers and magazines and the resurgence of building and construction projects in parts of the Asia Pacific, such as India and China, will further propel the market growth in the forecast period.
Butylated Hydroxytoluene (BHT): Market Segmentation
Butylated hydroxytoluene, also known as BHT, is an antioxidant. Derived from phenol, it is found in bacteria known as green algae. It has a high demand in various industries due to its antioxidant properties. It preserves fats and oils, medicinal drugs, and cosmetics.
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Based on grade, the market is divided into:
- Technical
- Food
Based on application, the industry can be segmented into:
- Food Additive
- Lubricating and Speciality Oils
- Plastics and Rubber
- Personal Care and Cosmetics
- Printing Inks and Coatings
- Food Packaging
- Animal Feed
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for BHT in Various Applications to Boost the Growth of the Butylated Hydroxytoluene (BHT) Industry
Butylated hydroxytoluene (BHT) is a highly effective anti-oxidating agent. This factor has driven the product demand in various application sectors in the historical period. The market is further bolstered by the rising demand for the product in the animal feed industry. The expansion of the plastics and rubber industry is likely to aid the market in the forecast period. The growth of the personal care industry and the latest innovations in the field will further propel the market growth. However, the negative side effects of the product and the stringent regulations pertaining to its use in the food and beverage industry may hamper the market growth in the forecast period.
Key Industry Players in the Global Butylated Hydroxytoluene (BHT) Market
The report gives a detailed analysis of the following key players in the global butylated hydroxytoluene (BHT) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Lanxess AG
- Eastman Chemical Company
- Sasol Limited
- Impextraco NV
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Application, Region |
| Breakup by Grade | Technical, Food |
| Breakup by Application | Food Additive, Lubricating and Specialty Oils, Plastics and Rubber, Personal Care and Cosmetics. Printing Inks and Coatings, Food Packaging, Animal Feed, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Lanxess AG, Eastman Chemical Company, Sasol Limited, Impextraco NV, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Butylated Hydroxytoluene (BHT) Market Analysis
8.1 Key Industry Highlights
8.2 Global Butylated Hydroxytoluene (BHT) Historical Market (2018-2022)
8.3 Global Butylated Hydroxytoluene (BHT) Market Forecast (2023-2028)
8.4 Global Butylated Hydroxytoluene (BHT) Market by Grade
8.4.1 Technical
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Food
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Butylated Hydroxytoluene (BHT) Market by Application
8.5.1 Food Additive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Lubricating and Specialty Oils
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Plastics and Rubber
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Personal Care and Cosmetics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Printing Inks and Coatings
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Food Packaging
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Animal Feed
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Butylated Hydroxytoluene (BHT) Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Butylated Hydroxytoluene (BHT) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Butylated Hydroxytoluene (BHT) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Butylated Hydroxytoluene (BHT) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Butylated Hydroxytoluene (BHT) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Butylated Hydroxytoluene (BHT) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Lanxess AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Eastman Chemical Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Sasol Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Impextraco NV
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Butylated Hydroxytoluene (BHT) Market: Key Industry Highlights, 2018 and 2028
2. Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Grade (USD Million), 2018-2022
3. Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Grade (USD Million), 2023-2028
4. Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Butylated Hydroxytoluene (BHT) Market Structure
Key Questions Answered in the Report
In 2020, the global butylated hydroxytoluene (BHT) market attained a value of nearly USD 229 million.
The market is projected to grow at a CAGR of 5% between 2023 and 2028.
The major drivers of the market include the expansion of the plastics and rubber industry, growth of the personal care industry, latest innovations, rising living standards, increasing disposable income, demand for newspapers and magazines, and the resurgence of building and construction projects.
Increasing demand for BHT in various applications and rising demand for the product in the animal feed industry are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on grade, the market is divided into technical and food.
Butylated hydroxytoluene (BHT) finds wide application in segments such as food additive, lubricating and speciality oils, plastics and rubber, personal care and cosmetics, printing inks and coatings, food packaging, and animal feed, among others.
The major players in the industry are Lanxess AG, Eastman Chemical Company, Sasol Limited, and Impextraco NV, among others.
Analyst Review
The global butylated hydroxytoluene (BHT) market attained a value of nearly USD 229 million in 2020, driven by the increasing demand for BHT in various applications. Aided by the expansion of the plastics and rubber industry and the growth of the personal care industry, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market is divided into technical and food. Butylated hydroxytoluene (BHT) finds wide application in segments such as food additive, lubricating and speciality oils, plastics and rubber, personal care and cosmetics, printing inks and coatings, food packaging, and animal feed, among others. The major regional markets for butylated hydroxytoluene (BHT) are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Lanxess AG, Eastman Chemical Company, Sasol Limited, and Impextraco NV, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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