The global butylated hydroxytoluene market is estimated to witness commendable proceeds due to its growing demand in preserved meats, chewing gum, dehydrated foods, animal feed, baked foods, snack foods, certain edible fats, as well as other foods that contain additional flavoring and fats.
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The COVID-19 pandemic has impacted the global butylated hydroxytoluene market by affecting the supply of animal feed ingredients, comprising threonine, lysine, and vitamins due to price surges and plant closures.
A greater emphasis on hygiene protocols, limiting of export/import activities, and the temporary shutdown of businesses has further impacted market landscape, which may result in the slower movement of goods, creating barriers in the transportation of hydroxytoluene products.
On this note, the butylated hydroxytoluene market size is expected to exceed USD 350 million through 2026, as stated by the latest research by Global Market Insights, Inc.
However, the COVID-19 pandemic has impacted the global butylated hydroxytoluene market by affecting the supply of animal feed ingredients, comprising threonine, lysine, and vitamins due to price surges and plant closures.
A greater emphasis on hygiene protocols, limiting export/import activities, and the temporary shutdown of businesses have further impacted market landscape, which may result in the slower movement of goods, creating barriers in the transportation of hydroxytoluene products. However, a relaxation in COVID restrictions is expected to revive industry growth over the ensuing years.
The U.S. Food and Drug Administration considers butylated hydroxytoluene to be safe for usage in limited approved amounts in processed foods. The amount of BHT present in an average diet has been estimated in research and it has not shown any problems. Some studies have demonstrated that small amounts of BHT can actually help in the production of an anti-inflammatory effect.
Asia Pacific to emerge as a promising center for industry growth
The Asia Pacific butylated hydroxytoluene industry will record appreciable gains owing to the expansion of various businesses such as food processing, chemicals/pharmaceuticals, computer & electronics products, machinery, and transportation equipment. The market growth is also accredited to low cost of labor and supportive government initiatives in the region. As per statistics, Japan, China, India, and South Korea are among the top six largest manufacturing output countries.
Furthermore, the APAC is witnessing an increase in automotive production in the emerging markets of India, China, Indonesia, Japan, Malaysia, and South Korea. Thailand is one of the major regions for the production of automobiles and has several major automobile manufacturers including Suzuki Motors, Nissan Motors, Mitsubishi Motors, Toyota Motors, and Honda Motors.
How will the rising demand for rubber from the automotive industry augment butylated hydroxytoluene market size?
The expanding automotive sector has been instrumental in creating a demand for tyres, further boosting market growth. Rubber is a significant component of various products such as consumer goods, automotive products, industrial products, and several others in which tyres constitute one of the highest consumers of rubber.
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BHT is mainly utilized in the rubber industry for the protection of polymers from the harmful effects of oxidation. Owing to these factors, the rubber segment accounted for the second largest share in the butylated hydroxytoluene industry at the global level.
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