Press release
Methyl Tertiary Butyl Ether Market by Industry Size, Growth, Analysis, Share, Overview, Business, Trends - Forecasts to 2023
Methyl Tertiary Butyl Ether Market Size, Methyl Tertiary Butyl Ether Market Growth, Methyl Tertiary Butyl Ether Market Share, Meth
The major application of MTBE is as a gasoline additive across the globe. 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.
Top Market Players:
Some of the key players in the global Methyl Tertiary Butyl Ether (MTBE) Market are
Sabic
Evonik Industries
China National Petroleum Corporation
Huntsman International
ENI
LyondellBasell
Royal Dutch Shell
Emirates National Oil Company
QAFAC
Gazprom
Shandong Dongming Petrochemical Group
Reliance Industries Limited
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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. 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.
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.
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Regional Analysis
The market in 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.
The markets in the Middle East & Africa and Latin America are projected to contribute substantially to the global market during the forecast period owing to the growing gasoline requirements in these regions. Moreover, lax regulations for the production of MTBE in the Middle East and Latin America is projected to positively impact market growth.
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.
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