Published Date: 2021-03-19
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European Butylated Hydroxytoluene Market size is anticipated to cross USD 95 million by 2026, according to a latest forecast report by Graphical Research.
Rising concern regarding look and appearance among consumers has accelerated the demand for personal care and cosmetic products, which may stimulate the Europe market growth. Growing consumption of packaged foods and ready to eat food products has accelerate the food preservative sector in Europe, driving the market demand.
Butylated hydroxytoluene has high reactivity and free radicals that help in removing peroxide radicals formed. Butylated hydroxytoluene is utilized as antioxidant in elastomers like styrene-butadiene rubber (SBR), nitrile butadiene rubber (NBR), and ethylene propylene diene monomer (EPDM) rubber. Rubber production has increased in Europe owing to rising demand for tires, industrial hoses, gloves, gaskets, and coverings. Such rise in the production of rubber may drive the demand for antioxidants in rubber processing.
Antioxidants are utilized in rubber processing for protecting action of oxygen on rubber and avoiding crack formation. The utilization of BHT as antioxidants in rubber processing may soared owing to increase in the synthetic rubber processing capacity in Europe. There were approximately 4,300 tire and rubber production companies in European Union in 2018. These trends may trigger the demand for butylated hydroxytoluene (BHT) in rubber production applications.
Browse detailed statistical insights from the report, “Europe Butylated Hydroxytoluene (BHT) Market Size By Application (Animal Feed [Poultry, Swine, Fish Feed, Cattle], Lubricating & Specialty Oils, Rubber, Personal Care & Cosmetics, Industrial Fats, Oils, & Fatty Acids, Printing Inks & Coatings, Food Packaging, Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @ https://www.graphicalresearch.com/industry-insights/1694/europe-butylated-hydroxytoluene-bht-market
Antioxidants such as butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), and ethoxyquin are utilized as feed additives in poultry diets. These additives help in preventing oxidation of vitamins in feed mixtures as vitamin concentration is affected by storage conditions and high temperatures. Rising population and growing meat consumption in Europe have accelerated the poultry production. The poultry meat consumed EU 27 experienced an increase from nearly 11 billion tons in 2017 to approximately 11.8 billion tons in 2018 and is predicted to reach around 12 billion tons by the end of 2025.
The poultry meat production in 2018 in European Union was around 15.2 million tons. This rise in the production of poultry meat has trigger the demand for poultry feed in Europe, which should trigger the demand for butylated hydroxytoluene (BHT) in poultry feed applications.
Germany BHT market surpassed USD 20 million revenue in 2019. Demand for butylated hydroxytoluene (BHT) in Germany should be triggered by growing utilization of antioxidants in animal feeds and personal care products and increasing demand for lubricants and industrial oils.
Butylated hydroxytoluene is used in engine oil or lubricating oil for absorbing free radicals caused by oxidation of oil. Growing use of lubricating oil for applications in industries like manufacturing, process, and automotive should drive the demand for lubricant additives.
Major players in the market include SI Group Inc., Lanxess, Eastman Chemical Company, Akrochem Corporation, Oxiris, Sinofi Ingredients, Kemin Industries, Sasol, Cayman Chemical, and Spectrum Chemical Manufacturing Corp.
The European butylated hydroxytoluene market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2015 to 2026 for the following segments
Europe Market, By Application
The above information has been provided for the following countries:
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