The current situation of the butyl hydroxytoluene industry: the global market size will reach 2.4 US dollars by 2024

Butyl hydroxytoluene, also known as dibutyl hydroxytoluene, is an antioxidant extracted from phenol and found in bacteria such as green algae and phytoplankton. It has antioxidant properties and is mainly used as a food preservative.

The global market size of butylhydroxytoluene is expected to reach $2.4 in 2024, with a CAGR growth rate of 4.8% from 2024 to 2029.

1、 Driving factors

Application field expansion: Butyl hydroxytoluene is widely used in various fields such as food, cosmetics, rubber, plastics industry, etc. The growing demand in these fields has driven the development of the market.

Technological innovation: The continuous progress and innovation of technology within the industry, such as the research and development of new products and the improvement of production technology, also provide impetus for market growth.

2、 Restrictive factors

Environmental regulations: The increasingly strict environmental regulations may limit the production and application of BHT, affecting market demand.

Market competition: Intense market competition, especially from large international enterprises, may pose challenges to the market.

3、 Regional distribution

During the forecast period, the compound annual growth rate of the Asia Pacific market will reach 6.5%, and countries such as India, Japan, and China are rapidly catching up with the growth of the butyl chemical market. BHT can prevent oxidation of food (including processed foods, baked goods, and meat products). Due to busy work, the consumption of biscuits and bread continues to increase, which will promote the consumption of baked goods and thus drive the demand for products in the region.

4、 Competitive landscape

The main participants in the global market include Cargill Incorporated, Caldic B.V., Impextracto NV, and Langsheng ParchemFine&SpecialtyChemicals、PerstorpGroup、MilestonePreservativesPvt.Ltd.、KHChemicals、EastmanChemicalCompany、MerisolUSALLC and so on.