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Global Antioxidant BHT Market Revenue Projected Around USD 294 Million by 2026

21-Oct-2021 | Facts and Factors

Facts and Factors have authored “Antioxidant BHT Market By Grade (Technical Grade & Food Grade), By Application (Plastics & Rubber, Food & Beverages, Animal Feed, Personal Care, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. Based on our analysis, the global antioxidant BHT market in 2020 is approximately USD 211 Million and is anticipated to reach around USD 294 Million by 2026. The anticipated CAGR for the antioxidant BHT market is around 5.1% from 2021 to 2026.

BHT (butylated hydroxytoluene) is one of the synthetic antioxidants used in cosmetics, food, and many other applications as preservatives. BHT is a derivative of the phenol which slows the oxidation rate. Antioxidant BHT protects healthy tissue against oxidative stress-inducing damage. Antioxidants are classified into natural and synthetic antioxidants. Natural antioxidants such as extracts from the rosemary, vitamin A, vitamin E, and vitamin C are naturally derived from fruits and vegetables. Antioxidant BHT is a lipophilic organic compound, containing phenolic compound which possesses antioxidant properties. U.S. and European regulations allow small amounts of usage of BHT as a food additive. In addition, BHT is widely used to prevent oxidation in the petroleum industry in fluids and other materials where free radicals must be controlled. Moreover, antioxidants are also largely used to increase the shelf life of pharmaceuticals. Antioxidants are proficient excipients that interrupt or impede the oxidation of inorganic and organic molecules, stopping the start and spread of these reactions. Excipients play a vital role in upholding the expected pharmacological effect, amending drug release rate, and constancy.

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Antioxidants are used mainly to enhance animal disease resistance and to protect the skin's cell membrane. Therefore, the high use of antioxidants in animal feed is expected to trigger growth in the forecast period of the antioxidant BHT market. Antioxidants are widely used in the cosmetic industry, so growth in the cosmetic industry is expected to have a direct impact on antioxidant market growth. Antioxidants are also used in rubbers, elastomers, and polymeric fabrics as stabilizers. Thus, the escalation of the plastic and rubber industry is likely to boost antioxidant BHT market growth in the coming years. Long-term use of antioxidant BHT has, however, led to adverse effects on human and animal health.

With almost 57% of the total revenue produced in 2018, Asia Pacific dominated the antioxidant BHT industry. Rapidly increasing industrialization and increasing protein intake have led to high meat consumption, which has resulted in high growth in the antioxidant BHT market. Because of increased meat consumption in these areas, India and China are expected to show high growth for antioxidant BHT. North America represented 18% percent of the total antioxidant BHT market in 2018, led by Europe. Increasing consumption of red meat in Mexico will likely help the antioxidant BHT market to grow in the near future. Furthermore, ongoing product development research in North America may, in the forecast period, bloom the antioxidant BHT market. There has been a shift in preference for natural synthetics that is expected to spur growth in Europe's antioxidant BHT market in the years to come. In addition, the existence of several pork meat vendors in the UK, France, and Germany is expected to foster the market for animal meat, which in turn is expected to help the growth of the antioxidant BHT market in the coming years. Within the forecast period, Latin America and the Middle East, and Africa are expected to experience moderate growth.

Top Market Players

The key market participants for the global antioxidant BHT market are Sasol Limited, Lanxess AG, Eastman Chemical Company, Oxiris Chemicals S.A., HELM AG, Finoric plc., Honshu Chemical Industry Co. Ltd., Twinkle Chemi Lab Pvt Ltd., Milestone Preservatives Pvt Ltd, Finar Limited, Lanxess, Kemin Industries, KH Chemicals, Cayman Chemicals, Ratnagiri Chemicals Pvt Ltd., and Spectrum Chemical Manufacturing Corp, among others.

This report segments the Antioxidant BHT market as follows:

Global Antioxidant BHT Market: By Grade Segment Analysis

  • Technical Grade
  • Food Grade

Global Antioxidant BHT Market: By Application Segment Analysis

  • Plastics & Rubber
  • Food & Beverages
  • Animal Feed
  • Personal Care
  • Others

Global Antioxidant BHT Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle East & Africa
    • GCC Countries
    • South Africa

Rest of Middle East & Africa

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