It is estimated that global butylated hydroxytoluene (BHT) market size is projected to witness substantial growth in the near future, driven by a positive application outlook across a wide range of end-use verticals. Its utilization in food, animal feed, cosmetics, and personal care products has been increasing considerably in recent years.
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The different applications of BHT include food, food packaging, animal feed, cosmetics & personal care, printing inks & coatings, rubber, lubricating & specialty oils, and industrial oils, fats, and fatty acids, among others. BHT consumption in animal feed application is slated to grow at a CAGR of nearly 6.2% through 2026, with increasing adoption of companion as well as livestock animals worldwide. The animal feed segment is further bifurcated into poultry, cattle, swine, and fish feed.
BHT is a synthetic antioxidant which has been widely used for decades to preserve the freshness, color, and flavor of packaged food and animal feed products. The use of BHT and other additives in these products is regulated by legislative bodies such as the U.S. FDA. With increased disposable income levels, pet and livestock owners are willing to spend excessively on high-quality animal nutrition products, which will certainly boost the product consumption.
BHT consumption in the food packaging sector is estimated to grow at a steady 4.4% CAGR through 2026. This can be attributed to increasing consumption of packaged food products owing to ease of availability and convenience.
The utilization of BHT in lubricating and specialty oil manufacturing is expected to grow considerably by the next few years, driven by ongoing developments in the auto industry. Meanwhile, BHT industry size from industrial fats, oils, and fatty acids application is projected to expand at a CAGR of more than 5.5% up to 2026.
BHT market share from personal care & cosmetics application is estimated to be worth more than US$32.15 million by 2026. The substance serves as an antioxidant and helps improve the stability of cosmetic, personal care, and pharmaceutical formulations. An increasing demand for premium quality cosmetic and beauty products fueled by rising disposable income levels.
BHT is extensively utilized in a wide range of cosmetics and personal care products, particularly in beauty and makeup products such as eye shadows, eyeliners, lipsticks, eyebrow pencils, face powders, blushes, and foundations. It also finds wide use in skin care products, skin cleansers, personal cleanliness products, moisturizers, and perfumes.
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The others segment, which includes pharmaceutical and corrosion inhibitors, is likely to record a healthy CAGR of over 4.9% through 2026.
In terms of the geographical outlook, the BHT industry is Middle East and Africa is slated to reach US$15.78 million by 2026. Latin America BHT market size is estimated to exhibit a CAGR of over 4.6% through the same timeframe, exceeding an annual valuation of more than US$22.25 million by 2026.