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Butylated Hydroxytoluene (BHT) Market

Global Butylated Hydroxytoluene (BHT) Market Size, Forecast: By Grade: Technical, Food; By Application: Food Additive, Lubricating and Specialty Oils, Plastics and Rubber, Personal Care and Cosmetics, Printing Inks and Coatings, Food Packaging, Animal Feed, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Butylated Hydroxytoluene (BHT) Market Outlook

The global butylated hydroxytoluene (BHT) market reached a value of about USD 265.09 million in 2023. The market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032 to reach a value of approximately USD 411.41 million by 2032.         

 

Global Butylated Hydroxytoluene (BHT) Market

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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.

 

Global Butylated Hydroxytoluene (BHT) Market

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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.

 

Global Butylated Hydroxytoluene (BHT) Market

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
  • 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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Butylated Hydroxytoluene (BHT) Market Forecast (2024-2032)
    8.4    Global Butylated Hydroxytoluene (BHT) Market by Grade
        8.4.1    Technical
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Food
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Butylated Hydroxytoluene (BHT) Market by Application
        8.5.1    Food Additive
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Lubricating and Specialty Oils
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Plastics and Rubber
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Personal Care and Cosmetics
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Printing Inks and Coatings
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Food Packaging
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Animal Feed
            8.5.7.1    Historical Trend (2018-2023)
            8.5.7.2    Forecast Trend (2024-2032)
        8.5.8    Others    
    8.6    Global Butylated Hydroxytoluene (BHT) Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Butylated Hydroxytoluene (BHT) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Butylated Hydroxytoluene (BHT) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Butylated Hydroxytoluene (BHT) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Butylated Hydroxytoluene (BHT) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Butylated Hydroxytoluene (BHT) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 (2018-2023) and Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 2032
2.    Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Grade (USD Million), 2018-2023
3.    Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Grade (USD Million), 2024-2032
4.    Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7.    Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8.    Global Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Butylated Hydroxytoluene (BHT) Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Butylated Hydroxytoluene (BHT) Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2023, the global butylated hydroxytoluene (BHT) market attained a value of nearly USD 265.09 million.

The market is projected to grow at a CAGR of 5% between 2024 and 2032.

The major market drivers include the expansion of the plastics, rubber, and personal care sectors, the surging demand for lubricants in paper mills and plastics, and rising disposable incomes.

The key trends aiding the market demand are the rising demand for magazines and newspapers and the surging usage of butylated hydroxytoluene (BHT) in animal feed.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major grades of butylated hydroxytoluene (BHT) considered in the market report are technical and food.

The several applications of the product are 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 market 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 265.09 million in 2023, 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 2024-2032, 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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