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Europe Butylated Hydroxytoluene (BHT) Market

Europe Butylated Hydroxytoluene (BHT) Market

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Europe Butylated Hydroxytoluene (BHT) Market

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  1. Europe Butylated Hydroxytoluene (BHT) Market Revenue to Surpass $95 Mn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. According to a recent study from market research firm Graphical Research, the Europe butylated hydroxytoluene (BHT) market size is poised to expand at substantial CAGR during the forecast period. With the footprint of personal care and cosmetic products soaring, Europe butylated hydroxytoluene (BHT) market forecast is forecast to remain bullish. With the trend for antioxidants in personal care and cosmetic products rising, stakeholders are likely to cash in on the dynamics of BHT. It is profoundly used as antioxidant in elastomers, including nitrile butadiene rubber (NBR), styrene-butadiene rubber (SBR) and ethylene propylene diene monomer (EPDM) rubber. BHT has also expanded its footfall as fuel additives for gear oils, jet fuels and hydraulic fluids. It is worth noting that the organic compound is produced through reaction of 4-methylphenol and 2-methylpropene. BHT has gained uptick in a slew of applications, including rubber and plastic manufacturing, coatings, industrial oils, animal feeds and lubricating oils. According to an estimate, Europe butylated hydroxytoluene (BHT) market size is forecast to surpass USD 95 million by 2026. Europe butylated hydroxytoluene (BHT) market has gained impetus as antioxidant in cosmetic products for doing away with spoilage from oxidation. It is worth noting that antioxidants are invaluable in personal care products for they negate free radicals produced through sunlight, air and other environmental factors. The market share from the personal care and cosmetics segment expanded at more than 10% in 2019 and will grow at a significant rate in the next few years. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “Europe Butylated Hydroxytoluene (BHT) Market” along with the table of contents (ToC) @https://bit.ly/3AFt8lK Get sample copy of this research report @ https://www.graphicalresearch.com/request/1694/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. With the focus on appearance setting the trend, demand for antioxidants has surged by leaps and bounds, stimulating the demand for BHT in the region. Animal feed will potentially be the major recipient of butylated hydroxytoluene in the U.K., Germany and France. Considering the consumption of dairy products taking a giant leap in cattle industry, animal feed industry is likely to impel Europe butylated hydroxytoluene (BHT) market outlook. The bovine meat production in 2019 was pegged at around 6.9 million tons—witnessing a plunge of around 1.5% vis-à-vis bovine meat production in 2018. The trend for Europe butylated hydroxytoluene (BHT) market will be noticeable in poultry feed application following the unprecedented rise in meat consumption. Poultry meat consumption is forecast to be pegged at around 12 billion tons by 2025. It is pertinent to mention that the poultry meat production in EU was around 15.2 million tons. Use of butylated hydroxytoluene is likely to gain traction in engine oil and lubricating oil for absorbing free radicals triggered by oxidation. Expanding use of lubricating oil in industries, including automotive, manufacturing will augur well for the expansion of lubricant additives portfolio. Germany is likely to provide lucrative growth opportunities owing to growing footprint of antioxidants in animal feeds and personal care products. With the trend for industrial oils and lubricants soaring, Germany will continue to be replete with investments. Germany butylated hydroxytoluene (BHT) market exceeded USD 20 million in 2019 and will grow at a notable rate in the next few years. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Stakeholders are expected to infuse funds in France on the heels of soaring demand for personal care products. With the demand for antioxidants gaining impetus in the personal care sector, use of BHT will be pronounced in the region. France BHT market was pegged at over USD 12.3 million revenue in 2019 and will grow at a robust CAGR of 6% through 2026. Some of the leading companies in Europe butylated hydroxytoluene (BHT) market are Eastman Chemical Company, Oxiris, Kemin Industries, Spectrum Chemical Manufacturing Corp., Akrochem Corporation and Sinofi Ingredients, among others. These companies are poised to inject funds in product rollouts, mergers and acquisitions. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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