What is Butylated Hydroxytoluene Market Scope?
Butylated hydroxytoluene is a chemical which is a derivative of phenol. It has antioxidant properties. It is widely used in industries such as food & beverages, animal feed, personal care, and plastics & rubbers. Butylated hydroxytoluene market has high growth prospects owing to increasing use as an antioxidant in the food, drugs, and others. Further, increasing demand from the developing economies owing to growing industrialization and prepared food industry expected to drive the demand for butylated hydroxytoluene market over the forecasted period.
Influencing Trend:
Increasing Demand Of For Polyethylene and Polypropylene Stabilization and Rising Application in the Prepared Food Sector
Market Growth Drivers:
Rising Application in the Personal Care Products and Growing Production of Plastic Globally
Challenges:
Focus On Development of Non-Toxic Alternatives for Butylated Hydroxytoluene
Restraints:
Stringent Government Regulations Regarding Chemicals and Adverse Effect of Butylated Hydroxytoluene on Health
Opportunities:
Rising Demand from the Food and Beverage Industry and Increasing Demand from the Developing Economies Owing to Growth in Industrialization
The Butylated Hydroxytoluene market study is being classified by Type (Food Grade, Industrial Grade and Other), by Application and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analysts at AMA predicts that Vendors from United States, India will contribute to the maximum growth of Global Butylated Hydroxytoluene market throughout the predicted period.
Sasol Limited (South Africa), Lanxess AG (Germany), Eastman Chemical Company (United States), Oxiris Chemicals S.A. (Spain), HELM AG (Germany), Finoric Llc (United States), Honshu Chemical Industry Co. Ltd (Japan), Twinkle Chemi Lab Pvt Ltd (India), Yasho Industries Limited (India) and Milestone Preservatives Pvt Ltd (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Cargill Incorporated (United States), Caldic B.V. (Netherland) and Finar Limited (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Butylated Hydroxytoluene market by Type, Application and Region.
On the basis of geography, the market of Butylated Hydroxytoluene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
“According to the Food and Drug Administration, the food additive BHT (butylated hydroxytoluene), alone or in combination with other antioxidants permitted safely used in or on specified foods, as follows. The BHT meets the Food Limitations (total BHA and BHT) parts per million for Dehydrated potato shreds is 50, Dry breakfast cereals is 50, Emulsion stabilizers for shortenings is 200, Potato flakes is 50, Potato granules is 10, and for Sweetpotato flakes it is 50 parts per million. To assure safe use of the additive the label of any market package of the additive shall bear, in addition to the other information required by the Act, the name of the additive.”
Key Target Audience
Butylated Hydroxytoluene Providers, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
Butylated Hydroxytoluene Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Butylated Hydroxytoluene Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Butylated Hydroxytoluene industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.