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Europe Butylated Hydroxytoluene Market to Witness a Pronounce Growth USD 95 Million by 2026

Author : Ronak Bora | Published Date : 2021-09-02 

Over the next five years, Europe butylated hydroxytoluene market outlook is certain to bring in considerable opportunities from a host of applications. Butylated Hydroxytoluene (BHT) is a synthetic antioxidant (preservative) that is widely used in plastics, rubber, petroleum products, foods, medicines, and cosmetics. BHT is the most common and widely used antioxidant in the world. It is known to be effective in a wide range of hydrocarbon products.

Lanxess, SI Group Inc., Eastman Chemical Company, Oxiris, Akrochem Corporation, Sinofi Ingredients, Kemin Industries, Cayman Chemical, Sasol, and Spectrum Chemical Manufacturing Corp are among the key butylated hydroxytoluene companies in Europe. The Europe butylated hydroxytoluene market size is expected to exceed USD 95 million by 2026.

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Following 4 factors are influencing the industry trends:

Usage in personal care & cosmetics

In 2019, the personal care & cosmetics segment accounted for more than 10% of Europe butylated hydroxytoluene market share. Butylated hydroxytoluene is used as an antioxidant in cosmetic products to prevent oxidation deterioration. The growing emphasis on beauty is influencing the demand for personal care & cosmetic goods. This may boost the adoption of antioxidants in cosmetic applications, steering the butylated hydroxytoluene market trends . Every day, a great majority of Europe's 500 million customers use personal care & cosmetic goods to safeguard their health, improve their well-being, and increase their self-esteem.

Surging demand for animal feed products

Because of its antioxidant properties, the product is used in animal feed. Growing dairy product consumption in Europe has been driving the cattle business in Europe, and this trend is projected to open up new opportunities for the Europe butylated hydroxytoluene market. The Food and Drug Administration has approved the use of BHT at low quantities in meals and food packaging (FDA). It is a well-known antioxidant in Europe under the E321 index. BHT, as an antioxidant, protects organic molecules by mitigating the effects of time, heat, and light.

The COVID-19 pandemic proved to be a major setback for the meat industry, consequently affecting the Europe butylated hydroxytoluene market forecast. With sustainability trends gaining pace, the contracting per capita meat consumption is likely to have a negative impact on the market. For instance, as per the EU estimates, per capita meat consumption in European region is likely to reduce by 1.1 kg, thereby reaching nearly 67.6 kg by 2030.

Opportunities for BHT in plastics & rubber

Rubber manufacturing in the region has grown significantly due to growing demand for tires, industrial hoses, coatings, gloves, and gaskets. The Europe butylated hydroxytoluene market forecast is certain to thrive, as the product is a non-staining, non-discoloring antioxidant that is utilized in white and light-colored rubber goods in combination with other antioxidants.

Antioxidants are used in rubber manufacturing to preserve the rubber from the effects of oxygen and to prevent fracture development. Meanwhile, plastics require the BHT antioxidant to stabilize the polymer during manufacturing and safeguard it throughout the product life.

Rising demand for BHT in France

France butylated hydroxytoluene market share was worth more than USD 12.3 million in 2019 and is expected to expand at a 6% CAGR between 2020 and 2026. Consumer spending on lifestyle and wellness is driving up demand for personal care goods in France. This tendency may boost the need for antioxidants in the French personal care sector. In addition, the European market expansion is also being driven by the growing product use as an animal feed to improve disease resistance in livestock and pets.

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Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Appendix

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Europe Butylated Hydroxytoluene (BHT) industry summary, 2015 - 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Country trends

Chapter 3   Europe Butylated Hydroxytoluene (BHT) Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

3.5.1    Growth drivers

3.5.2    Growth restraints

3.6    Competition review

3.7    Porter’s analysis

3.8    PESTEL analysis

3.9    Impact of COVID-19 on BHT demand by application

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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