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North American Butylated Hydroxytoluene Market revenue to cross $110 Mn by 2026
Published Date: 2021-05-18
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North American Butylated Hydroxytoluene Market size is expected to reach USD 110 million by 2026, according to a latest forecast report by Graphical Research.
Utilization of antioxidants in foods and beverages and animal feeds for enhancing product quality and durability has increased in North America which should boost the market growth. Also, increase in the demand for antioxidants in lubricating oils and personal care and cosmetics is anticipated to fuel market revenue.
The food segment accounted over USD 20 million revenue in 2019 and is predicted to witness over 7% CAGR from 2020 to 2026. Butylated hydroxytoluene is used in packaged foods, dehydrated foods, baked food products, and meats as a preservative ingredient for maintaining freshness and avoiding food spoilage. The demand for butylated hydroxytoluene in food and beverage applications has increased owing to increasing demand for packaged foods and meat in United States and Canada.
Growing trends of ready to eat foods and packaged foods among millennials should also drive the demand for preservatives and antioxidants in food making. This trend is anticipated to drive the market demand in food applications. Also, increasing packaged food sales online in North America has also proliferated the demand for antioxidants.
Browse detailed statistical insights from the report, “North America 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) @
Butylated hydroxytoluene is utilized in rubber manufacturing as an antioxidant for preventing formation of rubber. Butylated hydroxytoluene is utilized in rubber types such as elastomers, styrene-butadiene rubber, natural butadiene rubber, and ethylene propylene diene monomer. The use of anti-oxidant in North America rubber industry is increasing owing to rising demand for rubber belts, rubber hoses, and industrial rubber products.
The demand for rubber products is also propelled by growing demand for automotive types owing to rising vehicle production in North America. Synthetic rubber manufacturing has increased in North America owing to growing demand for rubber from industries like consumer goods, electronics, automotive, and construction. In 2019, United States produced nearly 530,000 metric tons of polybutadiene rubber.
Rubber manufacturers are using various types of additives for enhancing product durability, which has accelerated the demand for antioxidants in rubber manufacturing. Such a trend is expected to accelerate the demand for butylated hydroxytoluene in rubber manufacturing.
Based on animal feed applications, the poultry segment dominated the North America BHT market in 2019. Butylated hydroxytoluene is utilized in poultry feed as an feed additive for enhancing feed stability. Poultry feed additives play a key role in increasing nutritional feed additives among chickens.
Poultry feed additives that exhibit antioxidant properties are used for preventing spoilage of feed during storage. The demand for feed additives has soared in North America as animal producers are emphasizing on improving animal performance and overall health.
The North American 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
North America Market, By Application
- Animal Feed
- Fish Feed
- Lubricating & Specialty Oils
- Personal Care & Cosmetics
- Industrial Fats, Oils & Fatty Acids
- Printing Inks and Coatings
- Food packaging
The above information has been provided for the following countries:
- North America