According to a research report titled ‘Europe Butylated Hydroxytoluene Market Size By Application, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026’, available with Market Study Report, Europe butylated hydroxytoluene market valuation is projected to surpass USD 95 million mark by the year 2026.
 

Report findings suggest that increasing demand for antioxidants in the burgeoning personal care & cosmetics  sector is acting as a major impetus for Europe butylated hydroxytoluene industry growth.
 

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Additionally, use of butylated hydroxytoluene (BHTs) as fuel additives for jet fuels, gear oils, & hydraulic fluids, in consort with rising product applications in rubber & plastic manufacturing, industrial oils, coatings, animal feeds, and lubricating oils are propelling the industry remuneration scope.
 

For the record, butylated hydroxytoluene (BHT) is an organic compound produced by the reaction of 2-methylpropene and 4-methylphenol. It is extensively used as an antioxidant in elastomers, including nitrile styrene-butadiene rubber (SBR), butadiene rubber (NBR), and ethylene propylene diene monomer (EPDM) rubber.
 

Based on product type, Europe butylated hydroxytoluene market is classified into animal feed (swine, poultry, fish, cattle), industrial fats, oils & fatty acids, lubricating & specialty oils, rubber, food packaging, personal care & cosmetics, printing inks & coatings and others.
 

The personal care & cosmetics segment accounted for 10% industry share in 2019 and is poised to witness remarkable growth in the upcoming years. BHT is extensively used as an antioxidant in cosmetic products for lowering spoilage rate from oxidation.
 

On the other hand, animal feed segment is also expected to gain remarkable momentum in countries such as the U.K., Germany, and France in the coming years due to increasing product applications in poultry feed, and dairy & bovine meat production.
 

Considering the geographical outlook, Germany butylated hydroxytoluene market was pegged at USD 20 million in 2019 and is likely to record strong gains in the upcoming years, whereas the France industry was worth USD 12.3 million in 2019 and is projected to grow at 6% CAGR through 2026. Factors such as mounting demand for antioxidants in animal feed and personal care sectors, as well as rapid developments in industrial oils & lubricant segments are likely to propel the market growth in the upcoming years.
 

Prominent players in Europe butylated hydroxytoluene industry sphere are Spectrum Chemical Manufacturing Corp., Cayman Chemical Company, Sasol Ltd., Kemin Industries Inc., Sinofi Ingredients, Oxiris Chemicals S.A., Akrochem Corp., Eastman Chemical Company, Lanxess AG, and SI Group Inc.