+1-888-308-5802      . .

Butylated Hydroxytoluene Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2026

Author : Ravi Chawat | Published Date : 2022-10-27 

Butylated Hydroxytoluene Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2026

The butylated hydroxytoluene (BHT) market is projected to expand remarkably until 2026 owing to rising product application in varied industries. In addition, escalating consumer inclination towards purchasing automobiles, along with exponential demand for food additives, is also likely to propel market growth over the forecast period.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/3217

The COVID-19 pandemic had a positive impact on the market growth as a result of people stocking excessive amounts of processed food amid strict lockdowns and restrictions on movement. Moreover, emerging industrial and automotive sectors, specifically in the Asia Pacific region, have fostered industry growth. For instance, in 2021, the number of passenger cars produced in China reached more than 21.41 million units.

Notably, key participants in the market have been focusing on strategic acquisitions & partnerships and engaging in rigorous research & development activities to enhance their product portfolio and extend their customer base, thereby fueling overall industry expansion. For instance, in September 2021, Eastman Chemical Company, a chemical manufacturing company, acquired the assets and business of Matrix Films, LLC and its UK affiliate PremiumShield Limited as well as its automotive film patterns line. The acquisition aimed to elevate the company's commitment to becoming a global innovator and service partner for the paint and window protection film business.

The butylated hydroxytoluene (BHT) market has been bifurcated in terms of application and region.

Based on application, the BHT industry has been categorized into animal feed, food, lubricating & specialty oils, personal care & cosmetics, rubber, printing inks & coatings, industrial fats, oils, & fatty acids, food packaging, and others. The industrial fats, oils & fatty acids segment is expected to grow at a CAGR of over 5.5% through the estimated timeline as a result of considerable demand for fats and oils for industrial uses, such as in soaps and personal care products. The increasing disposable income of consumers is foreseen to boost the consumption of these products, thereby augmenting segmental growth.

On the other hand, the butylated hydroxytoluene (BHT) market from the food packaging segment is projected to reach over $10 million in revenue by 2030. Mounting demand for different plastic products, such as polypropylene and polyethylene, for packaging, containers, and bottles, is slated to fuel the demand for BHT in the sector. Meanwhile, the others application segment is poised to record a valuation of around $15 million by the end of the analysis timeframe on account of widespread utilization of BHT as a chemical additive.

Request For TOC of Report @ https://www.decresearch.com/toc/detail/butylated-hydroxytoluene-bht-market

In the regional context, the Asia Pacific BHT industry exceeded $85 million in revenue in 2021 and is speculated to progress at around 6.5% CAGR through 2030. The APAC butylated hydroxytoluene (BHT) market from animal feed applications is estimated to witness strong growth driven by rising seafood and meat consumption in China, India, and Japan.

About Author

Ravi Chawat . .

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

MEA Ferric Chloride Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2026

MEA Ferric Chloride Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2026

Published Date: 2022-11-10         Author: Ravi Chawat

Middle East and Africa ferric chloride market is forecast to grow appreciably in the years to come owing to high product usage as an etchant in numerous metals, as a catalyst to surge the rate of chemical reactions, and in horse feed as additives. Rise in utilization of ferric chloride mainly in che... Read More>>

ASEAN Livestock Disinfectant Market  Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2025

ASEAN Livestock Disinfectant Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2025

Published Date: 2022-11-10         Author: Ravi Chawat

The ASEAN livestock disinfectant market is projected to foresee commendable growth owing to rising incidences of livestock diseases, occurrence of pathogens in animal housing areas, and rising awareness regarding animal health and hygiene. A livestock disinfectant is an agent that is meant to elimin... Read More>>

U.S. Institutional Cleaning Ingredients Market Revenue, Demand and Trend Analysis Research Report by 2025

U.S. Institutional Cleaning Ingredients Market Revenue, Demand and Trend Analysis Research Report by 2025

Published Date: 2022-11-10         Author: Ravi Chawat

The U.S. institutional cleaning ingredients market is anticipated to witness significant growth over the coming time period due to rising demand for non-chlorine bleach agents in detergents, increasing use of magnesium stearates in detergent making, and surging use of organic ingredients as an alter... Read More>>

© 2023 Fractovia. All Rights Reserved