Global Butylated Hydroxytoluene Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx million over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.01% during the forecast period, i.e. 2017-2025. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global butylated hydroxytoluene market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global butylated hydroxytoluene market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The global butylated hydroxytoluene market size is expected to grow due to its antioxidant property, during the forecast period. Butylated Hydroxytoluene, which is known as dibutyl hydroxytoluene, is an antioxidant which is derived from phenol. Butylated Hydroxytoluene could be found naturally in numerous bacteria which includes green algae. The butylated hydroxytoluene market is mainly used as a food additive for its antioxidant functionalities which helps to preserve fats. The BHT market is expected to grow during the forecast period due to its application in cosmetics as a preservative. BHT as an antioxidant helps to fight towards the degradation of cosmetic products such as lipsticks, eyeliners, foundations, blushes, and others. According to the Food and Drugs Administration, butylated hydroxytoluene ingredients such as cosmetics ingredients, pesticide ingredients are considered as Generally Recognized As Safe which could be used as a food additive to a level of concentrations of 0.02%. Moreover, the CIR Expert Panel has assessed BHT as safe to be used in cosmetic products.
The butylated hydroxytoluene market size is expected to grow due to its antioxidant property, during the forecast period. BHT as an antioxidant are used in animal feed which helps to improve disease resistance in the animals and provide protection for their skin-cell membranes. Thus, the increasing usage of antioxidants in animal feed as a food additive is expected to propel the butylated hydroxytoluene market during the forecast period. According to the Environmental Working Group (EWG), low concentrations of BHT ranging from 0.01 to 0.1% are to be used in cosmetics industry. Owing to these factors the butylated hydroxytoluene market is expected to propel during the forecast period.
The butylated hydroxytoluene market is expected to grow during the forecast period due application in food products such as meat and poultry comprises high demand for BHT. The rise in health awareness among consumers and increase in protein intake has in turn increased the consumption of meat as snacks of others forms. According to the U.S. Department of Agriculture, United States produces 20% of the total meat snacks. U.S., Mexico, and Canada are the largest producer of Beef Jerkies. The import of meat snacks increased from US$ 675 million in 2014 to US$ 842 million to 2017, in Canada. Thus, owing to the application of butylated hydroxytoluene in food and beverage industry, the butylated hydroxytoluene market is expected to propel during the forecast period.
The global butylated hydroxytoluene market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific is expected to be the fastest growing region for butylated hydroxytoluene market during the forecast period. Asia Pacific is expected to grow at a faster rate due to increase in consumption of meat and poultry products, with China being the major contributor for the market. According to the Organization for Economic Co-operation and Development, in 2016, China is a key producer of pork meat with about 31.3 kg/capita pork meat production which is followed by poultry and beef products. Thus, the growing consumption of fresh meat and other meat products is expected to boost the market for butylated hydroxytoluene during the forecast period in Asia Pacific.
Global Butylated Hydroxytoluene Market Size, Share Analysis By Region 2017
Global Butylated Hydroxytoluene Market Study Objective
1. To forecast the market size of butylated hydroxytoluene market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of butylated hydroxytoluene market on the basis of region, substrate and application or end-use industry.
3. To analyze and elaborate significant factors that will have major impact on the growth of butylated hydroxytoluene market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of butylated hydroxytoluene market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the butylated hydroxytoluene market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
Key Players Analysis
The global players are more focused on strategies to withstand their place in the competitive market with expansions, collaborations, mergers, partnership, acquisition, and innovations. For instance, in 2015, Cargill Incorporated, had established a new plant in Europe for expanding their animal feed capacity, which is further expected to boost the butylated hydroxytoluene market in the forecast period. Major players for the butylated hydroxytoluene market include Eastman Chemical Company, Emerald Kalama Chemical, LANXESS, Impextraco NV, Perstorp Group, Quality Industries, and Milestone Preservatives Pvt. Ltd., among others.
Global Butylated Hydroxytoluene Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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