Global BHT and BHA Anti-Oxidants Market by Product Type (Butylated Hydroxytoluene (BHT), Butylated Hydroxyanisole (BHA)), By Grade (Technical Grade and Food Grade), By End-Use (Plastic and Rubbers and Others) and By Region -Global Forecast to 2030
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17527
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April 2024
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332
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global BHT and BHA Anti-Oxidants Market is projected to be US$ 357.4 Mn in 2020 to reach US$ 545.2 Mn by 2030 at a CAGR of 4.8%.
Antioxidants are additives that prevent or delay food rancidity due to oxidation, thus increasing the shelf life of the product. Other methods used in order to avoid food from spoiling are antioxidants, including vacuum sealing or inert gas packaging or freezing. Butylated hydroxyanisole (BHA) and butylated hydroxytoluene (BHT) maintain the taste, aroma, vitamins, and color by preventing the oxidation of oils and their rancidity. It is an excellent antioxidant that can be mixed with other food-approved antioxidants (including phosphoric acid, citric acid, and propyl gallate). BHA and BHT are two additives that prevent oxidation and color changes of fatty substances and other quality products. It can be found in pet food and human food, including frozen foods, ready-made soups, etc.
Global BHT and BHA Anti-Oxidants Market Revenue (US$ Mn), 2019–2029
Antioxidants, including BHT and BHA, are mainly used in cosmetics and personal care products because they can nullify oxygen free radicals, extend shelf life, and stabilize colorants. Due to changes in climatic conditions and concerns about personal appearance, the growing demand for skin and sunscreen products is expected to drive the growth of the cosmetics industry, thereby having a positive impact on the market growth.
However, strict government regulations on the use and production of antioxidants are some factors that may limit the growth of the antioxidant market to a certain extent. Some European countries, Canada, Japan, and other countries/regions, have banned the use of BHA and BHT as it can adversely affect human health and cause serious diseases, including cancer, lung cancer, and liver cancer. This is attributed to the quality certification required for the production and use of antioxidant-based products.
Although in some developed countries, BHT and BHA have been added to the list of prohibited or restricted products in large numbers, these products are still mainly used in developing countries, such as China, India, and the United States. Also, these countries have manufacturing centers with a large share of plastic and rubber production. With the booming food and beverage industry, the growing demand for plastic and rubber products in the sectors such as automobiles, packaging, electronics, and electrical may provide numerous opportunities for companies serving in these markets.
Global BHT and BHA anti-oxidants market are segmented based on product type, grade, end-use, and region. Based on product type, the market is segmented into butylated hydroxytoluene (BHT) and butylated hydroxyanisole (BHA). The butylated hydroxytoluene (BHT) segment accounts for the major share and is expected to witness significant CAGR over the forecast period. Based on grade, the market is segmented into technical grade and food grade. The technical segment accounts for a significant revenue share, whereas the food-grade segment is projected to register a substantial CAGR in the coming years. Based on end-use, the market is segmented into plastic and rubbers, food and beverages, animal feed, and other end-uses. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region accounts for a majority share in the Global BHT and BHA Anti-Oxidants Market.
Global BHT and BHA Anti-Oxidants Market Attractiveness Analysis by Fragrance Type, 2014–2030
The research report on the Global BHT and BHA anti-oxidants market includes profiles of some of the major companies such as Sasol Limited, Solvay S.A., Eastman Chemical Company, LANXESS Corporation, Akrochem Corporation, Yasho Industries ltd., Raschig GmbH (Oxiris Chemicals), Chemwill Asia Co., Ltd., Nova International, and Anmol Chemicals.
Segmentation of the Global BHT and BHA Anti-Oxidants Market:
Segmentation By Product Type:
- Butylated Hydroxytoluene (BHT)
- Butylated Hydroxyanisole (BHA)
Segmentation By Grade:
- Technical Grade
- Food Grade
Segmentation By End-Use:
- Plastic and Rubbers
- Food and Beverage
- Animal Feed
- Other End-Users
Segmentation By Region:
- North America
- Europe
- Asia-Pacific
- South America
- MEA
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Sasol Limited
- Solvay S.A.
- Eastman Chemical Company
- LANXESS Corporation
- Akrochem Corporation
- Yasho Industries ltd.
- Raschig GmbH (Oxiris Chemicals)
- Chemwill Asia Co. Ltd.
- Nova International
- Anmol Chemicals.
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