A lipophilic organic compound, butylated hydroxytoluene is a derivative of phenol and has various beneficial properties. Also known as dibutylhydroxytoluene, it is used in small quantities in food as an additive and is useful for its antioxidant properties. Additionally, it is worth noting here that it keeps oxidation of fluids such as oil at bay. It is also used in cosmetic industry. And, these uses are driving its demand over the next few years, helping the global butylated derivatives market grow at a steady rate over this period. New opportunities will emerge as a result of this growth.
Get Sample Copy of this Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6474
Other factors that are contributing to growth in the global butylated derivatives market over the coming period include growth in population and increasing demand for processed food – result of changing lifestyle and need for convenience. By 2050, the population would have grown by 2 billion people from current levels of 7.7 billion. Additionally, an increase in disposable incomes and awareness regarding personal hygiene is also leading to growth in the cosmetics industry, driving up demand for butylated derivatives, propelling the market on a high growth trajectory.
It is also worth noting here that as far as regional charts are concerned, the market will witness Asia Pacific (APAC) region emerge as a prominent market owing to a large number of people acting as consumer base. Pre-dominance of food and beverages industry is also set to contribute to this growth.
The global butylated derivatives market is fragmented and key players include SASOL, DuPont, Lanxess, da Eastman, BASF, Zaozhuang Hailong Chemical, RCPL, Langfang Fuhai, Anhui Haihua, and Yantai Tongshi Chemical, among others. Multiple strategies such as entering key alliances – strategic and based on mutual synergies – are being used by market players operating in the playfield to command a higher market share. Other strategies include focusing upon research and development, technological advancement, and product development.
Check Table of Contents of this Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=6474