Lucintel Forecasts Butylated Hydroxytoluene (bht) Market To Grow A Cagr Of 4%-5%

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According to the recent study the Butylated Hydroxytoluene (BHT) market is projected to grow at a CAGR of 4%-5% from 2020 to 2025. Growth in this market is primarily driven by growth in plastic production worldwide and high demand from the prepared food industry.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in Butylated Hydroxytoluene (BHT) market by end use industries (plastic and rubbers, food and beverage, animal feed, personal care, and others), grade (food grade and technical grade), functionality (food preservatives and antioxidants), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Technical grade market is expected to remain the largest segment during the forecast period.”
Based on grade, the butylated hydroxytoluene (BHT) market is segmented into food grade and technical grade. Lucintel forecasts that the technical grade is expected to witness ...
... the largest segment over the forecast period due to growing consumption of BHT as an antioxidant in plastics, rubbers and elastomers, lubricating and specialty oils, industrial fats, oils and fatty acids, bio-diesel fuel blends, linseed, soy and other plant-derived oils, and printing inks and coatings to maintain stability, to mitigate deterioration.
“Within the butylated hydroxytoluene (BHT) market, the industrial segment is expected to remain the largest application.”
Based on end use industry, the food and beverage segment is expected to witness the largest end use industry over the forecast period due to rise in health consciousness among consumers and increase in intake of proteins.
“Asia Pacific will dominate the butylated hydroxytoluene (BHT) market in near future.”
Asia Pacific is expected to be the largest region over the forecast period due to stringent regulations for the control of VOC emissions, rising disposal income, and growing population in the region.
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Major players of butylated hydroxytoluene (BHT) market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ExxonMobil, Royal Dutch Shell, BP Plc, Fuchs Petrolub, Chevron, Idemitsu Kosan, Dow, BASF, and Petroliam Nasional Berhad are among the major butylated hydroxytoluene (BHT) providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/butylated-hydroxytoluene-market.aspx or helpdesk@lucintel.com
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Lucintel
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