Butylated Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Global Butylated Derivatives Market: Introduction
Butylated derivatives are the organic compounds which are formed after combining with butyl radicals. Different types of aromatic compounds combine with butyl radicals and Butylated derivatives of the compound. The chief types of Butylated derivatives are Butylated Hydroxytoluene (BHT) and Butylated Hydroxyanisole (BHA). Generally Butylated derivatives are primarily used as antioxidants and food preservatives.
Butylated Hydroxytoluene (BHT) is a derivative of phenol and is also known as di-butylhydroxytoluene. Under the European and U.S. regulatory standards use of Butylated Hydroxytoluene is permitted in limited quantity as a food additive. Apart from it BHT is also used as an antioxidant in different types of functional fluids. Commercially BHT is synthesized from the reaction of p-cresol with isobutylene in presence of sulfuric acid which acts as a catalyst. The U.S. Food and Drug Administration has classified BHT as GRAS product as a food additive.
Butylated Hydroxyanisole (BHA) is an organic chemical compound which is mixture of two organic compounds 3-tert-butyl-4-hydroxyanisole and 2-tert-butyl-4-hydroxyanisole. BHA is mainly found in the form of waxy solid. BHA is most widely used as an antioxidant in food & beverage industry, food packaging, pharmaceuticals, cosmetics, and in petroleum products.
Global Butylated Derivatives Market: Dynamics
Shifting consumer preferences in the choice of food and significant rise in the consumption of processed food can be attributed as the primary factors driving the growth of Butylated derivatives market. Increasing population and rapid urbanization has resulted into change in lifestyle as well as eating habits. Increased consumer spending and change in demographics has propelled the consumption of processed and packaged food, which is driving the growth of Butylated derivatives market. Changing lifestyle and inclination of the youth towards styling and grooming has increased the consumption of cosmetics and personal care products which in turn is propelling the demand for Butylated derivatives. Moreover, swift industrial growth across the globe has elevated the demand for lubricants & functional fluids, increased demand for high performing functional fluids is positively influencing the Butylated derivatives market growth. Also, the growth of pharmaceutical industry is expected to have positive impact on the Butylated derivatives market. Due to the ambiguities regarding the acute toxicity and carcinogenic nature of BHT and other phenol derivatives is hampering the use of Butylated derivatives.
Global Butylated Derivatives Market: Segmentation
The global Butylated derivatives market can be segmented on the basis of product type, grade, application and end use industry:
The global Butylated derivatives market can be segmented on the basis of its product type:
The global Butylated derivatives market can be segmented on the basis of its grade:
The global Butylated derivatives market can be segmented on the basis of its application:
The global Butylated derivatives market can be segmented on the basis of its end use industry:
Global Butylated Derivatives Market: Regional Outlook
Due to the rapid increase in population, changing lifestyle and increased adoption of processed food the Asia Pacific region can be attributed as prominent market for Butylated derivatives. Growing self-awareness and personal hygiene has increased the consumption of cosmetic products in the region. Europe and North America can be probably considered as potential market for Butylated derivatives owing to the predominance of food & beverage industry. However the increasing regulatory standards in these regions is most likely to slow down the market growth in the forthcoming period. Changing lifestyle and shift in food preferences has increased the consumption of processed and packaged food in the regions such as Middle East & Africa as well as Latin America, owing to which this regional grouping is estimated to represent substantial opportunities for Butylated derivatives market.
Global Butylated Derivatives Market: Key Participants
Examples of some of the market participants operating in the global Butylated Derivatives market are:
Sasol Limited, Lanxess AG, Oxiris Chemicals S.A., Emerald Kalma Chemical, HELM AG, Eastman Chemical Company, Honshu Chemical Industry Co. Ltd, Finoric Llc, Abcam Plc., Clean Science, Cargill Inc., Archer Daniels Midland and Celanese Corp. among others.
The Butylated derivatives market research report presents a comprehensive assessment of the Butylated derivatives market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Butylated derivatives market research report provides analysis and information according to Butylated derivatives market segments such as geographies, application and industry.
The report covers exhaustive analysis on,
The Butylated derivatives Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Butylated derivatives market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Butylated derivatives market segments and geographies.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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