Press release
Methyl Tertiary Butyl Ether (MTBE) Market In-Depth Analysis to 2023: Global Leading Players – SABIC, Huntsman International, Royal Dutch Shell, Emirates National Oil Company, QAFAC, Gazprom, Reliance Industries Ltd., China National Petroleum Corporation
Market Overview:According to MRFR analysis, the Global Methyl Tertiary Butyl Ether (MTBE) market is projected to grow at a CAGR of over 5% during the forecast period. Market growth is driven by increasing product demand in the automotive industry as MTBE reduces vehicle emissions and the knocking of engines, thereby, increasing the shelf life of vehicles.
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Moreover, the growing demand for gasoline and gasoline additives in the marine and oil & gas industries is also positively contributing to the growth of the market. On the basis of manufacturing process, the fluid liquid cracker segment was the largest in 2017 and is expected to remain so during the forecast period. Fluid liquid cracker is an easy and cost-effective process, leading to its extensive use in the production of MTBE.
Intended Audience:
• MTBE manufacturers
• Traders and distributors of Methyl Tertiary Butyl Ether (MTBE)
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories
Segmentation:
The Global Methyl Tertiary Butyl Ether (MTBE) Market has been segmented by manufacturing process, application, and region.
On the basis of manufacturing process, the market has been segregated into steam cracker, fluid liquid cracker, dehydrogenation, and dehydration.
On the basis of application, the market has been segmented into gasoline additive and others.
Based on region, the market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Regional Analysis:
The Asia-Pacific is expected to be the largest and fastest-growing regional market. Increasing automobile production in the region is acting as a major driver for the growth of the market. Additionally, the rising awareness about pollution in the region has augmented the demand for MTBE in gasoline as it restricts the emission of harmful gases. China accounted for the highest production of MTBE in 2017; this is expected to continue during the forecast period.
North America was the second-largest market in 2017 and is expected to maintain its dominance during the review period. The presence of a developed automotive industry and major MTBE manufacturing companies are contributing to the growth of the regional market. However, the increasing restrictions on the use of MTBE owing to environmental and health issues are expected to hinder market growth in the region.
Global Key Players:
SABIC (Saudi Arabia), Evonik Industries (Germany), China National Petroleum Corporation (China), Huntsman International (US), ENI (Italy), LyondellBasell (Netherlands), Royal Dutch Shell (Netherlands), Emirates National Oil Company (UAE), QAFAC (Qatar), Gazprom (Russia), Shandong Dongming Petrochemical Group (China), and Reliance Industries Limited (India).
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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