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Butylated Hydroxytoluene (BHT) Market Size

  • Report ID: GMI3217
  • Published Date: Jun 2024
  • Report Format: PDF

Butylated Hydroxytoluene Market Size

Butylated Hydroxytoluene Market was valued at USD 314.7 million in 2023 and is set to register 5.4% CAGR from 2024-2032. Increasing regulations and guidelines from reputable organizations to ensure safe usage of BHT is driving demand. BHT is a common antioxidant used in foods, medicines, cosmetics, and pharmaceuticals, and it has recently been under intense scrutiny. The market demand for BHT has been greatly influenced by its potential health risks.

 

Regulatory agencies such as the FDA and EFSA have established guidelines on allowable dosage levels, supporting market growth. For instance, in November 2023, The United Kingdom Scientific Advisory Group on the Safety of Chemicals for Non-Food and Chemical Consumption (SAG-CS) issued a crucial opinion on the use of butyl hydroxytoluene (BHT) and kojic acid in cosmetic agents. The SAG-CS proposed maximum doses of BHT to ensure the safe use of BHT. This proposed regulation aims to establish safe levels of BHT in cosmetic products as a mandatory consumer health protection and to ensure tension-free chemical usage.
 

Advanced regulatory oversight ensures that manufacturers adhere to safety standards, instilling consumer confidence and demand for compliant products. In addition, organizations such as the WHO provide scientific studies that inform the legal system and public opinion. As safety standards improve, companies invest in research and development to meet these guidelines, driving innovation in BHT applications. As a result, the BHT market is poised for growth, supported by stringent regulations that prioritize consumer safety and encourage the production of high-quality, safe products.
 

The BHT market faces several constraints mainly due to growing health and environmental concerns. Regulatory agencies such as the FDA and EFSA have imposed strict restrictions on the use of BHT, influencing manufacturers to search for alternative antioxidants. Negative consumer sentiment, driven by studies identifying potential health risks, further reduces demand. In addition, the push for organic natural products is forcing companies to cut back on BHT and other additives. Environmental concerns regarding the persistence and potential bioaccumulation of BHT also pose challenges. Consequently, these factors collectively dominate the BHT market, causing a shift to safer and more sustainable alternatives.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Butylated hydroxytoluene (BHT) industry size exceeded USD 314.7 million in 2023 and is projected to expand at 5.4% CAGR from 2024 to 2032, led by growing demand in food preservation, cosmetics, pharmaceuticals, and industrial applications due to its antioxidant properties and rising consumer awareness.

The food application segment in the butylated hydroxytoluene (BHT) industry is estimated to depict 5.9% CAGR between 2024 and 2032, due to the growing consumer demand for high-quality and long-lasting foods.

Asia Pacific BHT market accounted for USD 109.36 million in 2023 and is estimated to grow at substantial CAGR between 2024 and 2032, owing to the urbanization, increasing disposable income, and changing lifestyles.

AB Enterprises, Akrochem Corporation, Anmol Chemicals, Cayman Chemical Company, Eastman Chemical Company, Kemin Industries, KH Chemicals BV, Lanxess AG, Oxiris Chemicals SA, Ratnagiri Chemicals Pvt Ltd, Sasol Ltd, SI Group, Spectrum Chemical Manufacturing Corporation, and Twinkle Chemilab Pvt Ltd.

Butylated Hydroxytoluene Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 120
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