Dublin, Feb. 20, 2024 (GLOBE NEWSWIRE) -- The "Europe Butylated Hydroxytoluene Market Size, Share & Trends Analysis Report By Grade (Technical Grade, and Food Grade), By End-use (Plastic & Rubber, Food & Beverage, Personal Care, Animal Feed, and Others), By Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Europe Butylated Hydroxytoluene Market is forecast to witness market growth of 4.8% CAGR during the forecast period 2023-2030. In the year 2020, the Europe market's volume surged to 6,041.8 Tonnes, showcasing a growth of 4.8% (2019-2022).
Manufacturers of BHT are adopting more environment-friendly methods, such as optimizing synthesis routes to reduce waste or exploring greener solvents. Continuous improvement in efficiency and yield is a common trend, aiming to enhance productivity and reduce costs. Moreover, there is a rise in the focus on ensuring the quality and purity of BHT and meeting stringent regulatory requirements. Continuous research and development may lead to innovations in BHT production, exploring alternative sources, or refining existing methods. Advanced analytical techniques, like high-performance liquid chromatography or mass spectrometry, may be employed to ensure the purity and quality of BHT. This contributes to meeting the standards and quality control.
One of the primary applications of BHT is in the food and beverage industry, where it is employed as an antioxidant to prevent the rancidity of fats and oils. BHT helps maintain the freshness and quality of products such as snacks, cereals, cooking oils, and processed foods. BHT is a common ingredient in cosmetics and personal care products, including skincare items, lipsticks, and haircare products. Its antioxidant properties assist in preserving the integrity of these products, preventing undesirable changes in color, texture, and fragrance.
As per Destatis, in 2020, Germany's manufacturing of rubber and plastic products were valued at 86,688 mn. BHT is an antioxidant in the plastics industry that stabilizes polymers and prevents oxidative degradation. With the growing manufacture of rubber and plastic products in Germany, there may be an increased demand for BHT to enhance the stability and longevity of these materials. Therefore, the factors mentioned above will propel market growth in this region.
The Germany market dominated the Europe Butylated Hydroxytoluene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $15,157.3 Thousands by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.6% during (2023 - 2030).
Based on Grade, the market is segmented into Technical Grade, and Food Grade. Based on End-use, the market is segmented into Plastic & Rubber, Food & Beverage, Personal Care, Animal Feed, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Key Companies Profiled
- Sasol Limited
- Lanxess AG
- Eastman Chemical Company
- Camlin Fine Sciences Limited
- Dycon Chemicals
- Finar (Actylis)
- Yasho Industries Limited
- Milestone Preservatives Pvt. Ltd.
- Twinkle Chemi Lab Pvt. Ltd.
Market Report Segmentation
By Grade
- Technical Grade
- Food Grade
By End-use
- Plastic & Rubber
- Food & Beverage
- Personal Care
- Animal Feed
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
For more information about this report visit https://www.researchandmarkets.com/r/5i93zy
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