Butylated Hydroxytoluene Market Size (2024 - 2029)

Butylated Hydroxytoluene Market Analysis

The Butylated Hydroxytoluene Market size is estimated at USD 250.08 million in 2024, and is expected to reach USD 328.55 million by 2029, growing at a CAGR of 5.61% during the forecast period (2024-2029).

The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the plastics and rubber products manufacturing market in 2020. The supply chains were disrupted due to trade restrictions, and consumption declined due to lockdowns imposed by governments globally, which eventually led to the closure of various manufacturing units pertaining to rubber, personal care, and food and beverage processing industries. This has led to a decrease in the demand in the butylated hydroxytoluene market globally. However, on the flip side, due to rising health concerns, the sudden increase in demand for PPE kits and personal care and hygiene products such as sanitizers, detergents, etc., in the pandemic scenario has provided opportunities for the growth of the butylated hydroxytoluene market.

• Over the medium term, the major factor driving the butylated hydroxytoluene market is the increasing demand for antioxidants from the polymer industry. Plastic antioxidants are additives that are added during plastic production to eliminate thermal and oxidation degradation, and they help in increasing the shelf-life of products. The usage of plastic antioxidants in polypropylene polymer resin is projected to be the highest during the forecast period as polypropylene usage has increased in packaging applications, which is likely to drive the plastic antioxidant market, stimulating the demand for the market studied.
• On the flip side, stringent regulations due to increasing health concerns are expected to hinder the growth of the market.
• By end-user industry, the plastics and rubber industry is expected to dominate the market studied over the forecast period.
• The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan, among others.

Butylated Hydroxytoluene Industry Segmentation

The addition reaction of p-cresol and either 2-methylpropene or isobutylene produces butylated hydroxytoluene (BHT). It is widely used as an antioxidant and a stabilizing agent in cosmetics and personal care products. It helps preserve the properties and functionality of materials exposed to air and vulnerable to oxidation, such as odor, color, and texture. The market is segmented based on type, end-user industry, and geography. By type, the market is segmented into food grade and technical grade. By end-user industry, the market is segmented into plastics and rubber, food and beverage, personal care and cosmetics, animal feed, and other end-user industries. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts are based on revenue (USD) for all the above segments.