According to the report, published by Zion Market Research global demand for antioxidant BHT market was valued at over USD 197.9 million in 2015, is expected to reach above USD 265.9 million in 2021 and is anticipated to grow at a CAGR of slightly above 5.10% between 2015 and 2021.
Antioxidants play a vital role in skin aging by protecting the cell membranes and reducing the formation of radicals in the skin. Antioxidants avert the oxidation process by neutralizing the molecules of oxygen and free radicals. Therefore antioxidants are gaining huge popularity in the cosmetic industry. However, antioxidants are used in food packaging and healthcare industry. Antioxidants can be broadly classified as natural and synthetic antioxidants. Natural antioxidants include rosemary extracts, vitamin A, vitamin C and vitamin E. Synthetic antioxidants consists of butylated hydroxyanisole (BHA) and butylated hydroxytoluene (BHT) among others.
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BHT (butylated hydroxytoluene) is a synthetic antioxidant used as preservatives in food, cosmetics, and other applications. Butylated hydroxytoluene (BHT) is a phenolic compound which prolongs the shelf life of food by protecting it against deterioration caused by oxidation, such as color changes, odor, and fat rancidity. BHT is widely used to prevent oxidation in fluids (e.g. fuel, oil) and other materials where free radicals must be controlled. It is also known as 3, 5-di-tert-butyl-4-hydroxytoluene; methyl-di-test-butyl phenol; 2,6-di-tert-butyl-para-cresol.
There has been the tremendous increase in the use of antioxidants for improving the animals’ disease resistance. Hence, the antioxidant BHT market is mainly driven by the growing animal feed industry. Moreover, antioxidant BHT is used as a stabilizer in rubbers, elastomers, polymeric materials. Thus, growing demand from plastic and rubber industry is expected to boost the demand for antioxidant BHT market. However, prolong use of antioxidant BHT may adversely affect human and animal health. Therefore this factor is considered as the major restraint for the antioxidant BHT market. Nonetheless, ongoing research and development to enhance antioxidant BHT properties are likely to open up new growth opportunities in the coming years.
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Asia-Pacific was the largest market for antioxidant BHT with 57.15 % share of total revenue generated in 2015. This is mainly attributed to the growing industrialization with rising meat consumption in the emerging countries such as China and India. North America accounted for 16.27% share of total antioxidant BHT market followed by Europe in 2015. Rising consumption of red meat in Mexico is anticipated to aid the growth of antioxidant BHT market. In addition, ongoing research for product development in North America may trigger the growth of antioxidant BHT market. Increasing shift in preference for natural synthetics in Europe is expected to trigger the growth of antioxidant BHT market in the coming years. Moreover, the presence of various pork meat manufacturers in UK, France, and Germany is likely to positively impact on feedstock which in turn is expected to boost the antioxidant BHT market growth in coming years. Latin America and the Middle East and Africa are expected to witness moderate growth within the forecast period due to increasing consumer awareness for food safety.
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Some of the global major players in the antioxidant BHT are Caldic, Cargill, LANXESS, Impextraco, Perstorp Group, Merisol USA LLC, Milestone Preservatives Private Limited and Eastman Chemical Company among others.
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