“Global Butylated Hydroxytoluene (BHT) & Butylated Hydroxyanisole (BHA) Antioxidants Market, by Type (Butylated Hydroxytoluene {BHT}, Butylated Hydroxyanisole {BHA}), by Grade (Technical Grade, Food Grade), By End-Use (Plastic & Rubbers, Food & Beverages, Animal Feed, Other End-use {Personal Care, Biodiesel, Agrochemicals}), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the global BHT & BHA antioxidants market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $447.6 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Butylated Hydroxytoluene (BHT), also known as dibutylhydroxytoluene, is a lipophilic organic compound, chemically derived of phenol, that is useful for its antioxidant properties. Butylated hydroxyanisole (BHA), is an antioxidant consisting of a mixture of two isomeric organic compounds, 2-tert-butyl-4-hydroxyanisole and 3-tert-butyl-4-hydroxyanisole. Both BHA & BHT possess antioxidant properties, and are primarily used in the preservation of food, as well as in the manufacture of medicines.
The steady expansion of various end-use industries, more specifically with regards to the processed foods sector, there has been a drastic increase in the demand for food additives on account on the growing demand for processed food products such as ready-to-eat goods, and various meats, among other commodities. This increase in the demand for BHA and BHT compounds is a major factor that is anticipated to continue to play a crucial role in boosting the revenue growth of the global BHT & BHA antioxidants market in the foreseeable future. Moreover, the recent COVID-19 pandemic resulted in numerous countries across the world enforcing temporary lockdowns as a countermeasure to curb the trajectory of the virus. In doing so, numerous individuals have now resorted to the practice of stockpiling essential products such as non-perishable food items, etc., which usually contains BHA and BHT compounds due to their preservative properties. This is another major factor that is slated to further augment the revenue growth of the global BHT & BHA antioxidants market in the coming years. These aforementioned factors are some of the most crucial elements that are anticipated to play a vital role in edging the projected revenue of this industry to USD $545.2 Mn by 2030, at a CAGR of 5.1%.
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