Butylated Hydroxytoluene (BHT) Market Size

Butylated Hydroxytoluene Market Size

Butylated Hydroxytoluene Market size valued at USD 297 million in 2022 and will progress at around 6% CAGR from 2023 to 2032 due to the increasing demand for books, newspapers, journals, and other reading materials.

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The growing cosmetics industry is fueling BHT market growth. The rise in disposable income of consumers has enabled them to spend on luxury personal care products and the rising trend of men’s product lines for grooming has bolstered product adoption in cosmetics. An Ipsos March 2022 report stated that nearly 15% of heterosexual men between 18 and 65 of age use male cosmetics and makeup products in the U.S., while 17% consider using them in upcoming years. This is boosting the demand for butylated hydroxytoluene in the cosmetics industry.
 

Artificial preservatives & antioxidants are subjected to stringent toxicological testing procedures to ensure food safety. Many countries are now implementing national food policies in line with growing health concerns. For instance, in April 2022, the EU announced restrictions on antioxidant butylated hydroxytoluene, sunscreen homosalate, and several other substances in cosmetics. Nonetheless, consumer preference for cost-effective products would encourage product use in various industries and aid in overcoming this restraint.