![]() ![]() Pet-food producers and consumers are highly concerned about the safety and long-term impact of synthetic additives in pet-food, which in turn has impelled the demand for natural, safe, and sustainable feed ingredients. Thus, the industrial growth in the region is expected to fuel the consumption of BHT as an antioxidant.Ĭhallenge: Development of sustainable and non-toxic alternatives to BHT China is estimated to be the largest and fastest-growing market for BHT in the region during the forecast period. Due to these reasons, several companies have also invested in Asia Pacific countries, such as China. Increasing per capita expenditure on healthcare and food products, huge consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting global petrochemicals, personal care, and food & beverage manufacturers to shift their production facilities to the region. Opportunity: Industrial growth in Asia PacificĪsia Pacific is the global manufacturing hub for the chemical industry, accounting for more than 50% of the global polymer production output. The use of BHT in food products is mostly banned in Australia, Canada, New Zealand, Japan, and throughout Europe. Such attributes are restraining the growth of the BHT market, despite the current FDA approval for the use of BHT by food manufacturers. According to the US Department of Health and Human Services, National Toxicology Program’s Report on Carcinogens, butylated hydroxyanisole (BHA) “is reasonably anticipated to be a human carcinogen.” It may also trigger allergic reactions and hyperactivity, while BHT can cause organ system toxicity. It may also increase the levels of liver enzymes. However, studies suggest that consuming unusually large quantities of BHT may have some interactions with hormonal birth control methods or steroid hormones. BHT is used as an antioxidant in cake mixes, cereal-based snacks, chewing gum, dehydrated potato, flaked and mashed potato, sauces, processed nuts, milk powders, frying oil, snack foods, condiments, heat-treated foodstuffs, dry mixes of beverages and desserts, ready meals, precooked cereals, glazed fruits, poultry, and meat products, and active dry yeast. The food & beverage industry is a major BHT consumer. Restraint: Growing concern regarding the use of BHT in food & beverage industry These factors are expected to create a hugedemand for BHT in the stabilization of plastics. The growing demand from end-use industries, such as packaging, automotive, construction, and agriculture, are expected to drive the production of plastics in emerging economies as well as Europe and North America. China is the largest producer of plastics globally accounting for one-third of the total share in 2019. According to the Plastic Atlas 2019, the global plastics production was 460 million tons in 2019. BHT plays a vital role in plastics production to retard the oxidation. It also affects the molecular weight of a polymer, which in turn affects its other properties. Its adverse effect includes loss of flexibility, loss of tensile strength and elongation, color change, reduced impact resistance, surface deterioration, and cracking. Oxidation is an important limiting factor in all thermoplastics and thermosetting resins. The market started recovering from year 2021.ĭriver: Growth in global plastics productionīHT is extensively used as an antioxidant in the production of plastics. Due to this, demand for butylated hydroxytoluene has decreased internationally. As a result, several factories in the food and beverage processing, personal care, and rubber industries were forced to close. Trade restrictions disrupted supply chains, and government-imposed worldwide lockdowns caused demand to fall. The industry for plastic and rubber goods has been severely constrained in 2020 by the COVID-19. In 2020, the butylated hydroxytoluene market was impacted by the COVID-19 pandemic due to the low plastic and rubber production. To know about the assumptions considered for the study, Request for Free Sample Report The rise in demand for butylated hydroxytoluene from emerging economies and the growth of the plastic & rubber industry are creating growth opportunities in the market. Thus, the growth of the butylated hydroxytoluene market is directly associated with the growth of these sectors. Butylated hydroxytoluene is extensively used in the plastic & rubber, animal feed and food & beverage industries. The global butylated hydroxytoluene market is projected to grow from USD 230 million in 2022 to USD 301 million by 2027, at a cagr 5.5% from 2022 to 2027.
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