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

Date: May 1, 2019
Pages: 102
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US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: B77C7C1EE65EN
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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
“The butylated hydroxytoluene (BHT) market is projected to register a CAGR of 5.3% between 2019 and 2024.”

The global 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 increasing demand for BHT in various end-use industries as an antioxidant to retard deterioration, to maintain color, stability, and flavor is expected to drive the demand for BHT. Growing concerns regarding the use in the food & beverages industry are restraining the demand for BHT.

“Technical grade is the faster-growing segment of the BHT market.”

The market for technical grade is projected to register the higher CAGR during the forecast period. This high growth is mainly attributed to demand for BHT as an antioxidant in plastics, rubbers, coatings, printing inks, lubricants, biodiesel, and elastomers. Industrial growth in APAC especially in the agrochemicals, printing inks, coatings industries is driving the demand for BHT.

“Plastics & rubbers is the largest end-use industry segment of the BHT market.”

Plastics & rubbers is projected to be the largest end-use industry segment of the BHT market. The growing per capita plastics consumption especially in packaging, automotive, and building & construction is driving the demand for plastics more than global GDP growth rate. Hence, many international plastics manufacturers have commenced manufacturing facilities in Asia Pacific and North America. This in turn is diving the demand for BHT in the plastics & rubbers end-use industry.

“Asia Pacific is projected to be the largest BHT market.”

The BHT market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is projected to be the largest butylated hydroxytoluene market. The high demand is mainly attributed to industrial growth of the region. APAC is a hub for plastics, personal care, animal feed chemical, food & beverages, and pharmaceutical industries. Many foreign investors commenced the manufacturing facilities in the region due to low production costs. This in turn is driving the demand for BHT in the region.

Breakdown of profiles of primary interviews for the report on the BHT market
  • By Company Type – Tier 1 – 41%, Tier 2 –24%, and Tier 3 – 35%
  • By Designation – C Level – 50%, Director Level – 25%, and Others – 25%
  • By Region –North America – 33%, Europe – 28%, Asia Pacific – 25%, South America – 9%, Middle East & Africa – 5%
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.

Research Coverage:

The report covers the BHT market on the basis of grade, end-use industry, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.

Key Benefits of Buying the Report

From an insight perspective, this report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the BHT market, high-growth regions, and drivers, restraints, opportunities, and challenges in the market.

The report provides insights into the following pointers:
  • Market Penetration: Comprehensive information on BHT offered by the top players operating in the market
  • Product Development/Innovation: Detailed insight into upcoming technologies, R&D activities, and new applications in the BHT market
  • Market Development: Comprehensive information about the lucrative and emerging markets. The report analyzes the markets for butylated hydroxytoluene across different regions
  • Market Diversification: Exhaustive information about untapped geographies, recent developments, and investments in the BHT market
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the BHT market

1 INTRODUCTION

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

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

4 PREMIUM INSIGHTS

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

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 PORTER’S 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

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

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

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

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

(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

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

TABLE 1 REAL GDP GROWTH, 2014–2019
TABLE 2 BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 3 BHT MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
TABLE 4 BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 5 BHT MARKET SIZE, BY REGION, 2017–2024 (TON)
TABLE 6 BHT MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 7 APAC: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 8 APAC: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 9 APAC: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 10 APAC: BHT MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
TABLE 11 APAC: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 12 CHINA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 13 CHINA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 14 JAPAN: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 15 JAPAN: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 16 INDIA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 17 INDIA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 18 REST OD APAC: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 19 REST OD APAC: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 20 NORTH AMERICA: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 21 NORTH AMERICA: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 22 NORTH AMERICA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 23 NORTH AMERICA: BHT MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
TABLE 24 NORTH AMERICA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 25 US: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 26 US: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 27 CANADA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 28 CANADA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 29 MEXICO: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 30 MEXICO: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 31 EUROPE: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 32 EUROPE: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 33 EUROPE: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 34 EUROPE: BHT MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
TABLE 35 EUROPE: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 36 GERMANY: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 37 GERMANY: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 38 ITALY: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 39 ITALY: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 40 FRANCE: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 41 FRANCE: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 42 SPAIN: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 43 SPAIN: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 44 UK: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 45 UK: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 46 REST OF WESTERN EUROPE: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 47 REST OF WESTERN EUROPE: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 48 RUSSIA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 49 RUSSIA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 50 TURKEY: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 51 TURKEY: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 52 REST OF CENTRAL & EASTERN EUROPE: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 53 REST OF CENTRAL & EASTERN EUROPE: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 54 MIDDLE EAST & AFRICA: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 55 MIDDLE EAST & AFRICA: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 56 MIDDLE EAST & AFRICA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 57 MIDDLE EAST & AFRICA: BHT MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
TABLE 58 MIDDLE EAST & AFRICA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 59 IRAN: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 60 IRAN: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 61 SAUDI ARABIA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 62 SAUDI ARABIA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 63 REST OF MIDDLE EAST AND AFRICA : BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 64 REST OF MIDDLE EAST AND AFRICA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 65 SOUTH AMERICA: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 66 SOUTH AMERICA: BHT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 67 SOUTH AMERICA: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 68 SOUTH AMERICA: BHT MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
TABLE 69 SOUTH AMERICA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 70 BRAZIL: BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 71 BRAZIL: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 72 ARGENTINA : BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 73 ARGENTINA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 74 REST OF SOUTH AMERICA : BHT MARKET SIZE, BY GRADE, 2017–2024 (TON)
TABLE 75 REST OF SOUTH AMERICA: BHT MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)

LIST OF 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 PORTER’S 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
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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
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