The global Butylated Hydroxytoluene market is projected to grow from USD 230 million in 2022 to USD 301 million by 2027, at a CAGR of 5.5% from 2022 to 2027. BHT is a type of antioxidant, which is manufactured through the alkylation of p-cresol with isobutylene. The reaction is carried out in the presence of sulfuric acid as a catalyst. BHT mainly finds applications in the food & beverages, animal feed, plastics, rubbers & elastomers, lubricants & specialty oils, industrial oils, fats & fatty acids, agrochemicals, and printing industries. It is also used as an anti-skinning agent in paints & coatings. Growing demand from plastic & rubber industry is set to drive the demand for Butylated Hydroxytoluene during the forecast period.
The key players in the Butylated Hydroxytoluene market are Sasol Limited (South Africa), LANXESS (Germany), Eastman Chemical Company (US), Oxiris Chemicals S.A. (Spain), Camlin Fine Science (India), Finoric LLC (US) and others.
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Sasol Limited (South Africa) ranked first in the BHT market. The company has unique product offerings and is highly focused on offering diverse products for polymers, personal care, food & beverage, and animal feed applications.
LANXESS AG (Germany) ranked second in the BHT market. It has maintained a leading position in the BHT market by establishing a strong customer base and technical expertise. The company is also focusing on optimizing the cost structures of its established businesses. This strategy enabled the company to reduce its operating costs and improve profit margins.
Butylated Hydroxytoluene Market by Grade (Food, Technical), End-Use Industry (Plastic & Rubber, Food & Beverage, Animal Feed, Personal Care) and Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2027
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