The global butylated hydroxytoluene market is forecast to reach USD 339.99 million by 2027, according to a new report by Reports and Data

New York, NY -- (ReleaseWire) -- 12/02/2020 --The global butylated hydroxytoluene marke t is forecast to reach USD 339.99 million by 2027, according to a new report by Reports and Data. Butylated Hydroxytoluene (BHT), also known as dibutyl hydroxytoluene, is a phenol derived antioxidant. This compound occurs in bacteria such as green algae and phytoplankton. For industrial use, butylated hydroxytoluene is manufactured through the reaction of 4-methyl phenol with 2-methyl propene. BHT is primarily adopted as a food preservative owing to its antioxidant properties. It is also useful in preventing oxidation in industrial additive fluids such as oil and fuel.

The market for butylated hydroxytoluene is driven by the increasing demand for cosmetics products, the introduction of environment friendly chemicals utilized by healthcare industries, and growth of food and beverage industries, which require large amounts of butylated hydroxytoluene. Moreover, the use of butylated hydroxytoluene as an animal feed to reinforce disease resistance in animals drives market growth.

These factors create opportunities for the market growth while undesirable effects of butylated hydroxytoluene create limitations in the market. Such restrictive factors include the adverse effects of butylated hydroxytoluene on animals and humans. Steady research and development activities in the butylated hydroxytoluene market have enhanced the efficacy of dibutyl hydroxytoluene while limiting its hazard and such improvements can create more opportunities for the market in future.

Asia Pacific is expected to observe the CAGR of 6.5% over the forecast period. Countries such as India, Japan, and China are rapidly contributing to the growth in the butylated chemical market. BHT prevents oxidation in food products, such as baked goods, processed foods, and meat products. Increasing consumption of cookies and breads due to busier schedules will promote consumption of baked goods hence fostering product demand in this region.

The Asia Pacific region has a comparatively younger population, and this populace is increasing the demand for prepared food and beverage market. China and India hold a considerable share of the global market. These countries consist of over 35% of the global population, and the utilization of derivatives of phenol in this region will grow at a very high rate.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/butylated-hydroxytoluene-market

Key participants in the butylated hydroxytoluene market are:
Cargill Incorporated
Caldic B.V.
Impextraco NV
LANXESS
Parchem Fine & Specialty Chemicals
Perstorp Group
Milestone Preservatives Pvt. Ltd.
KH Chemicals
Eastman Chemical Company
Merisol USA LLC

Butylated Hydroxytoluene Market: Segmentation

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
S.
Europe
UK
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil

Purchase this report @ https://www.reportsanddata.com/checkout-form/2145

Thank you for reading our report. For customization inquiry or further information, please connect with us, and we will ensure you get the report that meets your requirements.

Contact Us:

John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com