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Butylated Hydroxytoluene Market Will Show Exponential Growth Via Personal Care and Cosmetics Application By 2025

Author : Ronak Bora | Published Date : 2019-08-06 

Butylated hydroxytoluene market from personal care and cosmetics application would surpass over USD 30 million by 2025. Rising population, improving standard of living, and intensifying e-commerce activities have led to increased demand for cosmetic products. BHT slows down the deterioration in cosmetic products including eye shadows, eye liners, lipsticks, face powder, and foundations. Companies including The Body Shop, Estee Lauder, Amway, and Aveda Corporation are considering technological innovations for development of cost-effective product lines, hence stimulating butylated hydroxytoluene market growth.

According to the 2018 L’Oréal annual report, the skincare segment has consistently showcased distinguished growth as compared to other beauty products, frequently outperforming them by a sizable margin. For instance, the L’Oréal annual report highlighted that the skincare segment grew by approximately 9% in 2018 with North American (20%) and Asia Pacific (55%) accounting for a majority of the butylated hydroxytoluene market share.

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Butylated hydroxytoluene is widely utilized in industrial application for lubricating and specialty oils. It is an effective stabilizer and antioxidant for synthetic oils and fluids including cutting, spindle, hydraulic, transformer, transmission fluids, and brake fluids. Lubricating and specialty oils are used in automotive to protect engine components against rust and corrosion due to built-in alkaline reserves which will propel BHT product demand.

Butylated hydroxytoluene is produced by reacting p-cresol with isobutylene catalyzed in presence of sulfuric acid. High consumption other than prescribed by FDA may result in illness including thyroid hyperactivity, enlargement of the liver, induction of several liver enzymes which may hamper butylated hydroxytoluene market price trend.

Butylated hydroxytoluene market from poultry feed application may surpass USD 25 million by 2025. The product is added to poultry feed to enhance vitamin content and reduce free radicals in poultry birds. Increasing consumption of poultry products owing to religious acceptance over bovine species and swine meat is expected to grow penetration of livestock thus, escalating BHT market growth.

Global butylated hydroxytoluene market share is highly competitive and fragmented with key manufacturers including OXIRIS, Kemin Industries, KH Chemicals, Eastman Chemical, Sasol, SI Group and Cayman Chemical. Manufacturers focus on intensifying their marketing network by developing distribution strategies through partnership, mergers & acquisition. Increasing investments in research and development activities by manufacturers for product expansion also fortifies market penetrability. High technological innovation in manufacturing technology should propel industry.

Glimpse of Table of Content (ToC)

Chapter 3 Butylated Hydroxytoluene Market Industry Insights

3.1 Butylated hydroxytoluene market segmentation

3.2 Butylated hydroxytoluene market landscape, 2014 – 2025

3.3 Butylated hydroxytoluene market ecosystem analysis

3.3.1 Vendor Matrix

3.3.2 Distribution channel analysis

3.3.2.1 Distributors

3.4 Regulatory landscape

3.4.1 U.S.

3.4.2 Europe

3.4.3 China

3.5 Cost Structure Analysis

3.6 Raw material analysis

3.7 Technology Landscape

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 North America: Increasing production of animal feed in the region will upsurge industry size.

3.8.1.2 Europe: Growing cosmetics industry will drive product demand

3.8.1.3 Asia Pacific: Rising industrial and automotive sector is likely to foster industry growth

3.8.2 Industry pitfalls & challenges

3.8.2.1 Stringent regulations regarding the use of butylated hydroxytoluene as a food additive may hamper industry growth

3.9 Innovation and sustainability

3.10 Growth Potential Analysis, 2018

3.10.1 Emerging Business Model

3.10.1.1 Joint venture

3.10.1.2 Acquisition

3.10.1.3 New product launch

3.11 Porter’s analysis

3.12 Competitive landscape

3.12.1 Company market share analysis, 2018

3.12.2 Strategy dashboard

3.13 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/butylated-hydroxytoluene-bht-market

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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