Butylated Hydroxytoluene Market by Grade (Food Grade, Technical Grade), End-Use Industry (Plastics & Rubbers, Food & Beverages, Animal Feed, Personal Care), Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2024
[101 Pages Report] The global butylated hydroxytoluene (BHT) market is estimated to be USD 218 million in 2019 and is projected to reach USD 282 million by 2024, at a CAGR of 5.3% during the same period. The demand for BHT is mainly driven by its growing demand in various end-use industries such as plastics, animal care, food & beverages, personal care, agrochemicals, lubricants, fuel additives, and biodiesel.
By grade, technical grade is expected to be the fastest-growing segment of the market during the forecast period.
The growth of the segment is mainly attributed to growing consumption of BHT as an antioxidant in plastics, rubbers & elastomers, lubricating & specialty oils, industrial fats, oils & fatty acids, bio-diesel fuel blends, linseed, soy & other plant-derived oils, and printing inks & coatings to maintain stability, to mitigate deterioration.
By end-use industry, plastic & rubbers is expected to be the fastest-growing segment of the BHT market during the forecast period.
By end-use industry, plastics & rubbers is expected to be the fastest-growing segment of the BHT market during the forecast period. This growth is mainly attributed to the growing production of plastics & rubbers. Asia Pacific and North America are major producers of BHT globally. Many international plastics manufacturers established their production facilities in these regions, providing lucrative growth opportunities to BHT manufacturers.
Asia Pacific is expected to be the largest market during the forecast period.
The BHT market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The Asia Pacific BHT market is projected to register the highest CAGR during the forecast period, in terms of value. The market in the region is mainly driven by the stringent regulations for the control of VOC emissions. China, India, and Japan are the major consumer of BHT in APAC. The region is a hub for the plastics, chemicals, agrochemicals, printing inks, and lubricants, industries.
Key Market Players
Sasol Limited (South Africa), Lanxess AG (Germany), Eastman Chemical Company (US), Oxiris Chemicals S.A. (Spain), HELM AG(Germany), Finoric Llc (US), Honshu Chemical Industry Co. Ltd (Japan), Twinkle Chemi Lab Pvt Ltd (India), Yasho Industries Limited (India), Milestone Preservatives Pvt Ltd (India), and Finar Limited (India) are the leading manufacturers of BHT globally.
Diversified product portfolios, high depth in application reach, and technical assistance to customers are factors responsible for strengthening the position of these companies in the BHT market.
Key questions addressed by the report
- Which are the future revenue pockets in the BHT market?
- Which key developments are expected to have a high impact on the market?
- Which products/technologies are expected to overpower the existing technologies?
- How the regulatory scenario further is expected to impact the market?
- What will be the future product mix in the BHT market?
- What are the prime strategies of leaders in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 BHT Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 26)
4.1 Significant Opportunities in the BHT Market
4.2 BHT Market, By End-Use Industry
4.3 BHT Market, By Grade and Region
4.4 BHT Market, By Country
5 Market Overview (Page No. - 28)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Global Plastics Production
5.2.1.2 High Demand From the Prepared Food Industry
5.2.2 Restraints
5.2.2.1 Growing Concerns Regarding the Use of BHT in the Food & Beverages Industry
5.2.3 Opportunities
5.2.3.1 Industrial Growth in APAC
5.2.4 Challenges
5.2.4.1 Development of Sustainable and Non-Toxic Alternatives to BHT
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
6 BHT Market, By Grade (Page No. - 34)
6.1 Introduction
6.2 Technical Grade
6.2.1 Increasing Plastics Production to Drive the Technical Grade Segment
6.3 Food Grade
6.3.1 Food Grade BHT Driven By High Demand in Chewing Gums
7 BHT Market, By End-Use Industry (Page No. - 37)
7.1 Introduction
7.2 Plastics & Rubbers
7.2.1 Demand for BHT in Polypropylene and Polyethylene Stabilization Will Drive the Market
7.3 Food & Beverages
7.3.1 The Use of BHT is Food & Beverages Industry is Characterized By Stringent Regulations
7.4 Animal Feed
7.4.1 Demand in Poultry Feed Boosts the Market in Animal Feed Segment
7.5 Personal Care
7.5.1 Makeup Products in the Personal Care Segment is Increasing the Demand for BHT
7.6 Others
8 BHT Market, By Region (Page No. - 40)
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 Well-Established Polymers Industry in China is Driving the BHT Market
8.2.2 Japan
8.2.2.1 Presence of Key Automotive Manufacturers is Boosting the Market in the Country
8.2.3 India
8.2.3.1 Government Initiatives Such as Fdi and Make in India Have A Positive Impact on the BHT Market
8.2.4 Rest of APAC
8.3 North America
8.3.1 US
8.3.1.1 Investments in Plastics Production Driving the BHT Market in Us
8.3.2 Canada
8.3.2.1 High Demand for Technical Grade BHT to Create Lucrative Growth Opportunities for Market Players
8.3.3 Mexico
8.3.3.1 Government Initiatives to Develop Manufacturing Industries Will Provide Favourable Market Conditions for BHT Manufacturers
8.4 Europe
8.4.1 Western Europe
8.4.1.1 Germany
8.4.1.1.1 Established Chemical Industry to Create High Growth Opportunities in the BHT Market
8.4.1.2 Italy
8.4.1.2.1 Technical Grade BHT Driving the Overall Market in the Country
8.4.1.3 France
8.4.1.3.1 Increasing Opportunities for BHT Manufacturers Due to Growing International Investments
8.4.1.4 Spain
8.4.1.4.1 Technical Grade Segment has Dominated the Overall BHT Market in Spain
8.4.1.5 UK
8.4.1.5.1 Animal Feed to Be the Second-Largest End-Use Industry Segment
8.4.1.6 Rest of Western Europe
8.4.2 Central & Eastern Europe
8.4.2.1 Russia
8.4.2.1.1 Presence of Large Chemical Industry to Create Lucrative Growth Opportunities for BHT Manufacturers
8.4.2.2 Turkey
8.4.2.2.1 Industrial Growth of the Country Creating Huge Growth Potential for BHT Manufacturers
8.4.2.3 Rest of Central & Eastern Europe
8.5 Middle East & Africa
8.5.1 Iran
8.5.1.1 Plastics Production Boosting the BHT Market Growth in Iran
8.5.2 Saudi Arabia
8.5.2.1 Government Initiatives to Develop Manufacturing Industries Driving the BHT Market
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.1.1 Well-Established Manufacturing Industry to Create Lucrative Growth Opportunities
8.6.2 Argentina
8.6.2.1 Government Initiatives Attracting Investment in the Country
8.6.3 Rest of South America
9 Competitive Landscape (Page No. - 76)
9.1 Introduction
9.2 Competitive Leadership Mapping
9.2.1 Innovators
9.2.2 Visionary Leaders
9.2.3 Emerging
9.3 Market Ranking
10 Company Profiles (Page No. - 79)
(Business Overview, Products Offered, SWOT Analysis, MnM View)*
10.1 Sasol Limited
10.2 Lanxess
10.3 Eastman Chemical Company
10.4 HELM AG
10.5 Oxiris Chemicals S.A.
10.6 Finoric LLC
10.7 Finar Limited
10.8 Yasho Industries Limited
10.9 Milestone Preservatives Pvt. Ltd.
10.10 Twinkle Chemi Lab Pvt. Ltd.
10.11 Other Key Players
10.11.1 Double Bond Chemical Ind., Co., Ltd.
10.11.2 Honshu Chemical Industry Co., Ltd.
*Details on Business Overview, Products Offered, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 95)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Available Customizations
11.4 1.5 Related Reports
11.5 Author Details
List of Tables (75 Tables)
Table 1 Real GDP Growth, 20142019
Table 2 BHT Market Size, By Grade, 20172024 (Ton)
Table 3 BHT Market Size, By Grade, 20172024 (USD Million)
Table 4 BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 5 BHT Market Size, By Region, 20172024 (Ton)
Table 6 BHT Market Size, By Region, 20172024 (USD Million)
Table 7 APAC: BHT Market Size, By Country, 20172024 (Ton)
Table 8 APAC: BHT Market Size, By Country, 20172024 (USD Million)
Table 9 APAC: BHT Market Size, By Grade, 20172024 (Ton)
Table 10 APAC: BHT Market Size, By Grade, 20172024 (USD Million)
Table 11 APAC: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 12 China: BHT Market Size, By Grade, 20172024 (Ton)
Table 13 China: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 14 Japan: BHT Market Size, By Grade, 20172024 (Ton)
Table 15 Japan: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 16 India: BHT Market Size, By Grade, 20172024 (Ton)
Table 17 India: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 18 Rest Od APAC: BHT Market Size, By Grade, 20172024 (Ton)
Table 19 Rest Od APAC: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 20 North America: BHT Market Size, By Country, 20172024 (Ton)
Table 21 North America: BHT Market Size, By Country, 20172024 (USD Million)
Table 22 North America: BHT Market Size, By Grade, 20172024 (Ton)
Table 23 North America: BHT Market Size, By Grade, 20172024 (USD Million)
Table 24 North America: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 25 US: BHT Market Size, By Grade, 20172024 (Ton)
Table 26 US: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 27 Canada: BHT Market Size, By Grade, 20172024 (Ton)
Table 28 Canada: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 29 Mexico: BHT Market Size, By Grade, 20172024 (Ton)
Table 30 Mexico: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 31 Europe: BHT Market Size, By Country, 20172024 (Ton)
Table 32 Europe: BHT Market Size, By Country, 20172024 (USD Million)
Table 33 Europe: BHT Market Size, By Grade, 20172024 (Ton)
Table 34 Europe: BHT Market Size, By Grade, 20172024 (USD Million)
Table 35 Europe: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 36 Germany: BHT Market Size, By Grade, 20172024 (Ton)
Table 37 Germany: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 38 Italy: BHT Market Size, By Grade, 20172024 (Ton)
Table 39 Italy: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 40 France: BHT Market Size, By Grade, 20172024 (Ton)
Table 41 France: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 42 Spain: BHT Market Size, By Grade, 20172024 (Ton)
Table 43 Spain: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 44 UK: BHT Market Size, By Grade, 20172024 (Ton)
Table 45 UK: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 46 Rest of Western Europe: BHT Market Size, By Grade, 20172024 (Ton)
Table 47 Rest of Western Europe: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 48 Russia: BHT Market Size, By Grade, 20172024 (Ton)
Table 49 Russia: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 50 Turkey: BHT Market Size, By Grade, 20172024 (Ton)
Table 51 Turkey: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 52 Rest of Central & Eastern Europe: BHT Market Size, By Grade, 20172024 (Ton)
Table 53 Rest of Central & Eastern Europe: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 54 Middle East & Africa: BHT Market Size, By Country, 20172024 (Ton)
Table 55 Middle East & Africa: BHT Market Size, By Country, 20172024 (USD Million)
Table 56 Middle East & Africa: BHT Market Size, By Grade, 20172024 (Ton)
Table 57 Middle East & Africa: BHT Market Size, By Grade, 20172024 (USD Million)
Table 58 Middle East & Africa: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 59 Iran: BHT Market Size, By Grade, 20172024 (Ton)
Table 60 Iran: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 61 Saudi Arabia: BHT Market Size, By Grade, 20172024 (Ton)
Table 62 Saudi Arabia: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 63 Rest of Middle East and Africa : BHT Market Size, By Grade, 20172024 (Ton)
Table 64 Rest of Middle East and Africa: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 65 South America: BHT Market Size, By Country, 20172024 (Ton)
Table 66 South America: BHT Market Size, By Country, 20172024 (USD Million)
Table 67 South America: BHT Market Size, By Grade, 20172024 (Ton)
Table 68 South America: BHT Market Size, By Grade, 20172024 (USD Million)
Table 69 South America: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 70 Brazil: BHT Market Size, By Grade, 20172024 (Ton)
Table 71 Brazil: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 72 Argentina : BHT Market Size, By Grade, 20172024 (Ton)
Table 73 Argentina: BHT Market Size, By End-Use Industry, 20172024 (Ton)
Table 74 Rest of South America : BHT Market Size, By Grade, 20172024 (Ton)
Table 75 Rest of South America: BHT Market Size, By End-Use Industry, 20172024 (Ton)
List of Figures (32 Figures)
Figure 1 BHT Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 BHT Market: Data Triangulation
Figure 5 Technical Grade Segment Accounted for the Larger Share in the BHT Market in 2018
Figure 6 APAC Led the BHT Market in 2017
Figure 7 Growth in Plastics Production Driving the BHT Market
Figure 8 Plastics & Rubbers Segment to Account for the Largest Share of the Overall Market
Figure 9 Technical Grade Segment and APAC Led the Market in 2018
Figure 10 China to Register the Highest Growth Rate in the BHT Market
Figure 11 Overview of Factors Governing the BHT Market
Figure 12 Porters Five Forces Analysis: BHT Market
Figure 13 Technical Grade to Be the Larger Segment in Overall BHT Market
Figure 14 Plastics & Rubbers to Be the Largest End-Use Industry of BHT
Figure 15 Regional Snapshot: BHT Market
Figure 16 APAC: BHT Market Snapshot
Figure 17 North America: BHT Market Snapshot
Figure 18 Europe: BHT Market Snapshot
Figure 19 Middle East & Africa: BHT Market Snapshot
Figure 20 South America: BHT Market Snapshot
Figure 21 BHT Market: Competitive Leadership Mapping, 2018
Figure 22 Market Ranking Analysis: Sasol Dominated the BHT Market
Figure 23 Sasol Limited: Company Snapshot
Figure 24 Sasol Limited: SWOT Analysis
Figure 25 Lanxess: Company Snapshot
Figure 26 Lanxess: SWOT Analysis
Figure 27 Eastman Chemical Company: Company Snapshot
Figure 28 Eastman Chemical Company: SWOT Analysis
Figure 29 HELM AG: Company Snapshot
Figure 30 HELM AG: SWOT Analysis
Figure 31 Oxiris Chemicals S.A.: SWOT Analysis
Figure 32 Yasho Industries Limited: Company Snapshot
The study involved four major activities in estimating the current market size for butylated hydroxytoluene (BHT). Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to, so as to identify and collect information for this study. These secondary sources include annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research:
The BHT market comprises several stakeholders such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side is characterized by the developments in the BHT market. The supply side is characterized by market consolidation activities undertaken by the manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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Market Size Estimation:
Both top-down and bottom-up approaches were used to estimate and validate the total size of the BHT market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation:
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the BHT market.
Report Objectives:
- To define, describe, and forecast the butylated hydroxytoluene (BHT) market size, in terms of volume and value
- To provide information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To analyze and forecast the BHT market size on the basis of grade and end-use industry
- To forecast the market size with respect to key regions, namely, North America, Asia Pacific (APAC), Europe, the Middle East & Africa, and South America
- To strategically analyze the market with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market or to analyze opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
- To analyze the competitive developments, such as expansion, acquisition, and new product development, in the market
Scope of the Report:
|
Report Metric |
Details |
|
Market size available for years |
20172024 |
|
Base year |
2018 |
|
Forecast period |
20192024 |
|
Units considered in the report |
Volume (Ton) and Value (USD Million) |
|
Segments |
Grade, End-use Industry, and Region |
|
Geographies |
North America, APAC, Europe, Middle East & Africa, and South America |
|
Companies |
Sasol Limited (South Africa), Lanxess AG (Germany), Eastman Chemical Company (US), Oxiris Chemicals S.A. (Spain), HELM AG (Germany), Finoric Llc (US), Honshu Chemical Industry Co. Ltd (Japan), Twinkle Chemi Lab Pvt Ltd (India), Yasho Industries Limited (India), Milestone Preservatives Pvt Ltd (India), and Finar Limited (India) |
This report categorizes the BHT market based on grade, end-use industry, and region.
BHT Market, by Grade:
- Technical Grade
- Food Grade
BHT Market, by End-use Industry:
- Plastics & Rubbers
- Food & Beverages
- Animal Feed
- Personal Care
- Others (Printing inks, coatings, agrochemicals, fuel additives, biodiesel)
BHT Market, by Region:
- APAC
- North America
- Europe
- South America
- Middle East & Africa
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
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- A further breakdown of the regional butylated hydroxytoluene market to the country level with end-use industries
Country Information
- Additional country information (up to 3)
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
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Growth opportunities and latent adjacency in Butylated Hydroxytoluene Market