Butylated Hydroxytoluene Market Insights:
The butylatedhydroxytoluene market is predicted to expand significantly between 2022 and2030, with a CAGR of roughly 5.7%. This is true despite a sharp drop in product
sales during the early stages of the pandemic's spread and constraints due to
the global lockdown.
A recent study byMarket Research Community predicted that by 2030, the market for butylated
hydroxytoluene would increase from USD 230.2 million to USD 379.1 million.
Phenol is anaturally occurring lipophilic compound found in green algae that can be
changed into butylated hydroxytoluene. In order to stop oxidation caused by
free radicals, butylated hydroxytoluene is employed in a variety of industrial,
lubricating, and industrial oils, paints, foods, coatings, and animal feeds. In
the hydraulic fluids used in autos, the chemical also serves as a fuel
additive.
Along with theleading key players Sigma-Aldrich Co. LLC, FINAR CHEMICALS, Dycon Chemicals,
Merck & Co., OXIRIS, LANXESS, AppliChem GmbH, Eastman, Sisco Research
Laboratories Pvt. Ltd., and S. C. Johnson & Son, Inc., the report includes
a regional examination and country analysis with the most recent trends.
The preservation oflipsticks and moisturisers with the antioxidant and stabilising properties of
butylated hydroxytoluene, combined with the decreased risks of cosmetic
deterioration brought on by free radicals, are expected to further support the
growth of the personal care & cosmetics segment during the forecast period.
Europe is expectedto witness a significant CAGR growth of over 6.5% during the forecast period.
The variables such as the rising research and development expenditures by major
market players for bio-based and renewable materials coupled with the expand
demand for BHT in developing industries such as bread, pet food, and dairy
industries are anticipated to boost the BHT utilization asantioxidants and furtheraccelerate the growth of butylated hydroxytoluene market in the European region.
Read Full Research Report: https://marketresearchcommunity.com/butylated-hydroxytoluene-market/
The study is consolidated into major segments and further into sub-segments,such as by Application (food,personal care & cosmetics, animal feed, industrial fats, oils & fatty
acids, lubricating & specialty oils, food packaging, rubber, printing inks
and coatings, and others), by end-use (plastic & rubber, consumer products, oil & gas,food & beverages, and automotive) to forecast the market size by value; additionally
includes the analysis of past butylated hydroxytoluene market dynamics from 2016– 2021, considering 2021 as the base year.
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