Zion Research has published a new report titled “Antioxidant
BHT Market: Global Industry Perspective, Comprehensive Analysis and Forecast,
2015 – 2021”. According to the report, global demand for antioxidant BHT
market was valued at over USD 197.9 million in 2015, is
expected to reach above USD 265.9 million in 2021 and is anticipated to grow at
a CAGR of slightly above 5.10% between 2015 and 2021.
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Antioxidant in general terms can be explained as the
inhibitor for oxidizing agents. Antioxidants can be classified into natural
antioxidants and synthetic antioxidant. Natural antioxidant such as rosemary
extracts, vitamin A, vitamin C and vitamin E are obtained naturally from fruits
and vegetables. Synthetic antioxidants are processed and utilized for various
functions such as packaging and cosmetic industry among others. Antioxidant BHT
is derivative of phenol possessing antioxidant properties. BHT (butylated
hydroxytoluene) is categorized under synthetic antioxidants and used as
preservatives in food, cosmetics, and other applications. Antioxidant BHT can
protect healthy tissues against damage induced by oxidative stress.
Antioxidants are mainly used for improving disease
resistance in the animal, and protect cell membrane of skin. Therefore the high
use of the antioxidant in animal feed is expected to trigger the growth of
antioxidant BHT market in the forecast period. Antioxidants are extensively
used in the cosmetic industry, thus growth in the cosmetic industry is expected
to directly impact the growth of the antioxidant market. Antioxidants are also
used as the stabilizer in rubbers, elastomers, polymeric materials. Thus,
escalating plastic and rubber industry is likely to stimulate the growth of
antioxidant BHT market in coming years. However, long-term use of antioxidant
BHT led to the adverse affect on human and animal health. This factor may
impede the growth of antioxidant BHT market. Nonetheless, ongoing research and
development to improve antioxidant BHT properties are expected to offer ample
opportunities for antioxidant BHT market in coming years.
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The antioxidant BHT market was dominated by Asia Pacific
with 57.15 % of total revenue generated in 2015. Rapidly growing
industrialization and increasing intake of protein has resulted in high meat
consumption, this has led to high growth in antioxidant BHT market. India and China
are expected to exhibit high growth for antioxidant BHT owing to rising meat
consumption in these regions. In 2015, North America accounted for 16.27% share
of total antioxidant BHT market followed by Europe. Increasing consumption of
red meat in Mexico is likely to assist the growth of antioxidant BHT market in
the near future. In addition, ongoing research for product development in North
America may bloom the antioxidant BHT market in the forecast period. There has
been a shift in preference for natural synthetics which are expected to spur
the growth of antioxidant BHT market in Europe in the coming years. Moreover,
the existence of several pork meat vendors in UK, France, and Germany is
expected to foster the animal meat market which in turn is anticipated to aid
the antioxidant BHT market growth in upcoming years. Latin America and the
Middle East and Africa are expected to witness moderate growth within the
forecast period.
Caldic, Cargill, LANXESS, Impextraco, Perstorp Group,
Merisol USA LLC, Milestone Preservatives Private Limited and Eastman Chemical
Company among others are some of the major players in the antioxidant BHT
market.
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This report segments the antioxidant BHT market as follows:
Antioxidant BHT Market: Regional Segment Analysis
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
The Middle East and
Africa
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