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Ethyl Tertiary-butyl Ether Global Market Report 2024 - Business Growth, Top Companies, Industry Analysis And Forecast 2033
Ethyl Tertiary-butyl Ether Global Market Report
As per the report, the ethyl tertiary-butyl ether market size has grown strongly in recent years. It will grow from $5.43 billion in 2023 to $5.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The ethyl tertiary-butyl ether market size is expected to see strong growth in the next few years. It will grow to $8.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Rising Fuel Demand Drives Growth In Ethyl Tertiary-Butyl Ether (ETBE) Market
The increase in demand for fuels is expected to propel the growth of the ethyl tertiary-butyl ether market going forward. Fuels are substances that undergo combustion or chemical reactions to release energy for generating heat, producing electricity, powering vehicles, and supporting industrial processes. There is a rise in the demand for fuels due to factors such as economic growth, a rising population, expanding transportation needs, and industrial development. Ethyl tertiary-butyl ether (ETBE) is used in fuels as an octane enhancer, improving engine performance and reducing emissions, thereby contributing to cleaner combustion and meeting environmental regulations. For instance, in September 2023, according to Statistics Canada, a Canada-based national statistical office, the demand for motor vehicle fuels, notably gasoline in Canada, surged, reaching 42.5 billion liters in 2022, marking a significant 5.6% increase compared to 2021. Therefore, the increase in demand for fuels is driving the growth of the ethyl tertiary-butyl ether market.
Innovation For Providing Sustainable Ethyl Tertiary-Butyl Ether Portfolio
Major companies operating in the ethyl tertiary-butyl ether market are focused on developing innovative materials, such as sustainable base chemicals, to enhance product performance, meet regulatory standards, and address environmental concerns. Sustainable base chemicals are derived from eco-friendly sources and processes, aligning with environmental and circular economy principles to reduce the carbon footprint of ethyl tertiary-butyl ether (ETBE). For instance, in June 2022, Borealis AG, an Austria-based provider of advanced and sustainable polyolefin solutions, launched Borvida, a portfolio of sustainable base chemicals derived from non-food waste biomass, chemically recycled waste, and, in the future, atmospheric carbon capture. These are ISCC PLUS-certified products, including ethylene, propylene, butene, phenol, and ethyl tertiary-butyl ether (ETBE), which will be traceable via Mass Balance. Through the Mass Balance approach, the sustainability of ETBE production is tracked and verified, ensuring environmental responsibility throughout the value chain.
The ethyl tertiary-butyl ether market covered in this report is segmented -
1) By Grade: Low Purity Grade, High Purity Grade
2) By Production Method: Direct Etherification, Indirect Etherification
3) By Fuel Type: Petrol, Diesel, Bio-Gasoline
4) By Application: Automotive Fuel, Industrial Solvent, Chemical Intermediate, Other Applications
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Major companies operating in the ethyl tertiary-butyl ether market are TotalEnergies SE, Chevron Corporation, Orlen S.A., Repsol S.A., Thermofisher Scientific Inc., LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corporation, Merck KGaA, Braskem S.A, Borealis AG, Vinati Organics Ltd., Spectrum Chemicals, Biosynth, Cosmo Oil Company Limited, Tokyo Chemical Industry (India) Pvt. Ltd., Santa Cruz Biotechnology Inc., A B Enterprises, Ataman Chemicals, Vizag Chemical
Contents of the report:
1. Executive Summary
2. Ethyl Tertiary-butyl Ether Market Report Structure
3. Ethyl Tertiary-butyl Ether Market Trends And Strategies
4. Ethyl Tertiary-butyl Ether Market - Macro Economic Scenario
5. Ethyl Tertiary-butyl Ether Market Size And Growth
…..
27. Ethyl Tertiary-butyl Ether Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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