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By 2026, Butylated Hydroxytoluene Market may exceed USD 350 million
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Butylated hydroxytoluene prevents oils in foods from oxidizing and becoming rancid. It is used as a food preservative which improves the shelf life of consumable items. BHT’s use in the food application sector could swell owing to massive utilization in sausages, dried meat, cereals, snacks, bakery and other food items containing oils and fats. Additionally, it finds application in the pharmaceutical sector as a treatment for genital herpes, cold sore, and acquired immunodeficiency syndrome as antioxidants.
According to Global Market Insights, Inc., the butylated hydroxytoluene market may exceed USD 350 million by 2026.
BHT is mainly used in personal care and cosmetics product making as it works as a preservative and antioxidant which is used in cosmetic and skincare formulations to prevent oxidation and stabilize the formulation. Butylated Hydroxytoluene Market finds major application in hair products, sunscreen, lip products, antiperspirant/deodorant, fragrance, creams, and makeup items.
The printing ink & coating application section registered a USD 13.48 million revenue in 2019 and is projected to rise with more than 5% CAGR in the upcoming years. This can be attributed to surging demand for newspapers, journals, books, and other reading material given to high awareness about education. BHT is primarily used in coating and printing ink as an anti-skinning agent. It also helps in preventing frequent drying of inks and coatings.
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Moreover, extensive usage of coating in various industries like construction, cosmetics, automotive, and medical is leading to robust product demand. Advancements in the global construction industry owing to urbanization and growing population could generate high demand for coating solutions.
The Europe Butylated Hydroxytoluene Market held over USD 65 million in 2019 and is likely to rise over 5.5% on account of considerable growth of the personal care industry back by increasing disposable income of the population and high spending on luxury personal care products. The region is the second largest market for cosmetics, valued at USD 91.10 billion in retail sales in 2017.Reports state that skincare business in France held a valuation of USD 3,613.6 billion in 2017 and may rise significantly over the forecast timeframe.
Browse More News:
https://www.prnewswire.com/news-releases/fragrance-ingredients-market-to-exceed-18-billion-by-2024-global-market-insights-inc--887694796.html
https://www.globenewswire.com/news-release/2018/09/06/1566224/0/en/Industrial-Liquid-Coatings-Market-to-surpass-70bn-by-2025-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2018/08/13/1550649/0/en/Dipentene-Market-to-reach-1-9bn-by-2024-Global-Market-Insights-Inc.html
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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