In accordance with this study, the Global Tert-Butylhydroquinone Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2019 with a CAGR of XX% during the period of 2019-2026.
Tert-butylhydroquinone shows anti-lipid peroxidation activity and hence it is majorly used as a food antioxidant in order to prevent oils and fats from oxidative deterioration and rancidity. Studies has shown that tBHQ exhibit anti-carcinogenic effects. tBHQ is able to induce phase II xenobiotic metabolizing enzymes via Nrf2-dependent pathway and is responsible for the observed protective effect of tBHQ. Moreover, tBHQ does not cause discoloration in the presence of iron, and does not change odor and flavor of the material to which it is added. The primary advantage of tBHQ is the extension of storage life. In industries, it is used as a stabilizer to inhibit auto-polymerization of organic peroxides. In addition to this, in perfumery it is utilized as a fixative to lower the evaporation rate and enhance stability. tBHQ is also added to varnishes, resins, lacquers, and oil field additives.
Oxidation of vegetable oils and food products is a critical problem for the consumers and manufacturers as it can reduce the shelf life of the food products as well as result in loss of flavor of the product, thereby further increasing the toxicity of the products. Hence, in order to avoid the toxicity and to retain the flavor and shelf life of the food products, tertiary butylhydroquinone is extensively used in the food industries. The growth of food and beverage industries as well as chemical industries is contributing to the growth of tBHQ market and is expected to provide lucrative opportunities in the coming years. Furthermore, its rising demands have attracted more participants to invest and gain maximum market value share in the TBHQ market. The key players in the market are anticipated to increase the manufacturing capacities and their sales & distribution network across the world, further leading to the market progression. However, various rules and regulation laid by governments and other regulatory bodies including European Food Safety Authority (EFSA) and the United States Food and Drug Administration (FDA) is estimated to hamper the growth of the market.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of Tert-butylhydroquinone.
The study offers a decisive view of the global Tert-butylhydroquinone market by segmenting it terms of grade, application, and end-user. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Food Grade
- Pharmaceutical Grade
- Food Additives
- Cosmetics And Personal Care
- Paints And Coatings
- Food And, Beverages
This section covers Tert-butylhydroquinone market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global Tert-butylhydroquinone market along with the individual application segment across all the prominent region.
Global Tert-butylhydroquinone Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Tert-butylhydroquinone market are GC Chemicals, Camlin Fine Science, Milestone Preservatives Pvt. Ltd, Eastman Chemical Company, and Others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.