Butylated Hydroxytoluene (BHT) Market New Developments and Strategies 2030 The global Butylated Hydroxytoluene (BHT) market is set to experience substantial growth, with experts forecasting the market to reach a value of US$0.3 billion by the end of 2030. According to a comprehensive analysis by Fairfield Market Research, the market is projected to exhibit a robust Compound Annual Growth Rate (CAGR) of 5.8% during the period from 2023 to 2030.
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Ascending Uptake by Processed Food Sector: BHT, a vital antioxidant, continues to gain traction in the food and beverage industry. It is increasingly recognized for its role in reducing chronic diseases like diabetes, driving its adoption. The rise in demand for processed foods, known for incorporating antioxidant chemicals, further fuels this trend. The need for prolonged shelf-life and protection against oxidation is of paramount importance, leading to a growing dependence on BHT in processed foods. Cosmetic and Personal Care Industry’s Growing Interest: BHT's ability to extend product shelf-life and protect against oxidation has propelled its use in cosmetics and personal care products. As disposable income increases, consumers are investing in high-end personal care products, fostering the acceptance of BHT in the cosmetics sector. The industry for cosmetics and personal care goods is on an upward trajectory, projected to reach a value of US$641 billion by 2024, according to Euromonitor International. Rising Application in Plastics and Rubber Sector: BHT is widely employed in the plastics and rubber industries due to its antioxidant properties. This application is expected to surge significantly during the forecast period. Antioxidants are integrated into rubber compounds during mechanical mixing, protecting the rubber from oxidation and enhancing its durability.