Cargill, Caldic, Impextraco, LANXESS, Merisol USA LLC, Perstorp Group, Eastman Chemical Company, and Milestone Preservatives Private Limited among others are some of the key players in the global antioxidant BHT market. These players are set to place the antioxidant BHT market to new heights.
As per the analysts at Zion Market Research, global antioxidant BHT market was capitalized at more than USD 197.9 Million in 2015. The antioxidant BHT market is likely to cross more than USD 265.9 Million in 2021 and is expected to develop at a CAGR of slightly more than 5.10% from 2015 to 2021.
Development In The Cosmetic Sector Likely To Directly Affect The Growth Of The Antioxidant BHT Market In The Years To Come
Antioxidants are majorly employed for enhancing disease resistance in the protect cell membrane of skin as well as in the animals. Therefore the high employment of the antioxidant in animal feed is likely to trigger the development of antioxidant BHT market in the years to come. Antioxidants are majorly employed in the cosmetic sector. Hence development in the cosmetic sector is likely to directly affect the growth of the antioxidant BHT market. Antioxidants are also employed as the stabilizer in elastomers, rubbers, and polymeric materials. Hence, escalating rubber and plastic sector is expected to facilitate the development of antioxidant BHT market in years to come. On the other hand, long-term employment of antioxidant BHT resulted in adverse affect on animal & human health. This factor might hinder the development of antioxidant BHT market.
Nevertheless, in-progress R&D to improve antioxidant BHT properties is likely to offer new growth opportunities for antioxidant BHT market in the years to come. New marketing strategies used by market players are also set to bolster the growth of antioxidant BHT market. For instance, in March 2012, LANXESS Distribution GmbH marketed the feed additive BHT (butylhydroxytoluene) below Rovelox, the new brand name. The antioxidant modeled on Vitamin E earlier was traded below the “BHT Feed Grade” name.
Increasing Intake Of Protein And Rapidly Growing Industrialization Indirectly Led To High Development Of Antioxidant BHT Market In Asia Pacific
The global antioxidant BHT market was ruled with 57.15 % of total revenue generated by Asia Pacific in 2015. Increasing intake of protein and rapidly growing industrialization have led to high meat consumption. This resulted in high development in antioxidant BHT market. China and India are likely to show high growth for antioxidant BHT market due to increasing meat consumption in these areas. North America in 2015 added up for 16.27% share of global antioxidant BHT market chased by Europe. Rising usage of red meat in Mexico is expected to help the development of antioxidant BHT market in the years to come.
This review is based on a report by Zion Market Research, titled “Antioxidant BHT Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”
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The global antioxidant BHT market is segmented as follows:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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