Global Butylated Hydroxytoluene (BHT) Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Application Coverage, By Geographic Coverage and By Company)
Published Date: Oct 2023 |
Format:
| No. of Pages: 195
The market for BHT on a global level is presently around US$0.2 Bn in terms of valuation. It is however projected to see a promising CAGR of 5.8% over 2023 - 2030.
Eastman Chemical Company, BASF SE, Koninklijke DSM N.V., Archer-Daniels-Midland Company, DuPont de Nemours Inc., LANXESS, Cargill, Charles Bowmen & Company, and Howtian are some of the biggest names in the BHT industry.
One of the factors behind the significant rise of the global butylated hydroxytoluene market is increased demand from a wide range of end-use industries, including plastics, food & beverage, lubricants, animal care, personal care, agrochemicals, and biodiesel.
The technical grade category is dominant by type, whereas the plastic and rubber additives segment remains the leading application category in the global butylated hydroxytoluene market.
The dominant share in the global butylated hydroxytoluene market is attributed to the Asia Pacific region. This is due to the expansion of the food and beverages sector and the region's increasing consumption of processed foods. Furthermore, the market's growth is driven by a substantial presence of small and medium-sized enterprises (SMEs) in China.
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