You are currently viewing Global Butylated Hydroxytoluene (BHT) Market to be Driven by the rising demand for Specialty Oils and Lubricants in the Forecast Period of 2024-2032

Global Butylated Hydroxytoluene (BHT) Market to be Driven by the rising demand for Specialty Oils and Lubricants in the Forecast Period of 2024-2032

The new report by Expert Market Research titled, Butylated Hydroxytoluene (BHT) Market Size, Share, Trends, Report and Forecast 2024-2032’, gives an in-depth analysis of the global butylated hydroxytoluene (BHT) market, assessing the market based on its segments like types, process types, distribution channels, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2032)

  • Historical Market Size (2023): USD 252.47 million
  • Forecast CAGR (2024-2032): 5%
  • Historical Market Size (2032): USD 338.47 million

Butylated hydroxytoluene is a common antioxidant and stabilizing agent in cosmetic and personal care products. It helps preserve product properties and performance, such as odor, color, and texture, as they are exposed to air and prone to oxidation. Increasing R&D infrastructure and higher investment in research activities allow manufacturers to focus on product development activities and formulate improved products of higher quality to keep up with the growing competition in the butylated hydroxytoluene market. Demand for newspapers and magazines and the revival of building and construction projects in parts of Asia Pacific, such as India and China, will drive market growth during the forecast period.

Industry Definition and Major Segments

BHT is an antioxidant found in green algae bacteria and is derived from phenol. Because of its antioxidant properties, it is in high demand in a variety of industries.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/butylated-hydroxytoluene-bht-market

The market can be divided into the following segments based on grade:

  • Technical
  • Food

The market can be divided on the basis of application into:

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Butylated hydroxytoluene’s antioxidant properties make it an excellent component for use in skincare products. Due to rising disposable income and living standards, the cosmetics and personal care segment’s growth is expected to boost the global butylated hydroxytoluene industry. The expansion of the automotive industry is expected to increase the demand for lubricating oils. However, the product’s negative side effects and strict regulations governing its use in the food and beverage industries may stymie market growth during the forecast period.

Key Market Players

The major players in the market are Lanxess AG, Eastman Chemical Company, Sasol Limited, and Impextraco NV, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.