The Global Butylated Hydroxytoluene Market (BHT) is projected to grow at a CAGR 4.19% growth rate during the forecast period.
The demand for the market is mainly driven by growth in various end-use industries such as plastics, animal care, food & beverages, personal care, agrochemicals, lubricants, fuel additives, and biodiesel.
Technical grade is expected to show the fastest growth rate. BHT is used as an antioxidant to maintain stability, to mitigate deterioration in various end-use industries such as 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. The increased consumption rate from these applications is expected to boost the growth of the market.Plastics & rubbers is expected to be the fastest-growing during the forecast period. Increased production of plastics & rubbers is driving the demand for this segment. Asia Pacific and North America are major producers of Butylhydroxytoluene globally with presence of many international plastics manufacturers, providing lucrative growth opportunities to BHT manufacturers.
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1. BHT Market, By Grade
1.1. Technical Grade
1.2. Food Grade
2. BHT Market, By End-Use Industry
2.1. Plastics & Rubbers
2.2. Food & Beverages
2.3. Animal Feed
2.4. Personal Care
3. BHT Market, By Region
3.1. North America
3.3. Asia Pacific
3.4. Rest of World
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