The Global Butylated Hydroxytoluene (BHT) Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
The Global Butylated Hydroxytoluene (BHT) Market is estimated to be US$ 218 Million in 2019 and is projected to reach US$ 282 Million by 2024, at a CAGR of 5.3% during the same period. BHT Market spread across 101 pages, profiling 11 companies and supported with 75 tables and 32 figures is now available in this research report.
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Most Popular Companies in the Butylated Hydroxytoluene Market include are Sasol Limited (South Africa), Lanxess AG (Germany), Eastman Chemical Company (US), Oxiris Chemicals S.A.(Spain), HELM AG(Germany), Finoric Llc (US), Honshu Chemical Industry Co. Ltd (Japan), Twinkle Chemi Lab Pvt Ltd (India),Yasho Industries Limited(India), Milestone Preservatives Pvt Ltd(India), and Finar Limited (India).
“Technical gradeis the faster-growing segment of the BHT market.”
The Market for technical grade is projected to register the higher CAGR during the forecast period. This high growth is mainly attributed to demand for BHT as an antioxidant in plastics, rubbers, coatings, printing inks, lubricants, biodiesel, and elastomers. Industrial growth in APAC especially in the agrochemicals, printing inks, coatings industries is driving the demand for BHT.
“Plastics & rubbers is the largest end-use industry segment of the BHT market.”
Plastics & Rubbers is projected to be the largest end-use industry segment of the BHT market. The growing per capita plastics consumption especially in packaging, automotive, and building & construction is driving the demand for plastics more than global GDP growth rate. Hence, many international plastics manufacturers have commenced manufacturing facilities in Asia Pacific and North America.
“Asia Pacific is projected to be the largest BHT market.”
The Butylated Hydroxytoluene Market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is projected to be the largest butylated hydroxytoluene market. The high demand is mainly attributed to industrial growth of the region. APAC is a hub for plastics, personal care, animal feed chemical, food & beverages, and pharmaceutical industries. Many foreign investors commenced the manufacturing facilities in the region due to low production costs.
Breakdown of Primary Participants’ Profile:
- By Company Type – Tier 1– 41%, Tier 2–24%, and Tier 3–35%
- By Designation – C Level– 50%, Director Level–25%, and Others–25%
- By Region –North America – 33%,Europe – 28%,Asia Pacific – 25%,South America – 9%,Middle East & Africa – 5%
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Reason to Access this report:
- Market Penetration: Comprehensive information on BHT offered by the top players operating in the market
- Product Development/Innovation: Detailed insight into upcoming technologies, R&D activities, and new applications in the BHT market
- Market Development: Comprehensive information about the lucrative and emerging markets. The report analyzes the markets for butylated hydroxytoluene across different regions
- Market Diversification: Exhaustive information about untapped geographies, recent developments, and investments in the BHT market
- Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the BHT market
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Competitive Landscape of Butylated Hydroxytoluene Market:
2 Competitive Leadership Mapping
2.2 Visionary Leaders
3 Market Ranking
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