Methyl Tertiary Butyl Ether Market Growth, Business Experts, Industry Trends and ForecastPosted by Stephen Lobo on November 29th, 2022 The Methyl Tertiary Butyl Ether Market research report focuses on primary and secondary drivers, market size, market share, leading segments, upcoming trends, demand, growth and geographical analysis with expert reviews. The Methyl Tertiary Butyl Ether Market report shares analysis by Manufacturing Process, (Steam Cracker, Fluid Liquid Cracker), Application (Gasoline), and Region (North America, Europe, APAC, Latin America, Middle East & Africa). Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 Billion by 2022 from an estimated USD 14.99 Billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in the emerging economies. Methyl Tertiary Butyl Ether Market Key Players Major MTBE producers are SABIC (Saudi Arabia), Evonik Industries (Germany), CNPC (China), Huntsman (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), ENOC (UAE), and Qafac (Qatar). SABIC (Saudi Arabia) and LyondellBasell (Netherlands) are the most active players in the MTBE market. SABIC (Saudi Arabia) develops, manufactures, sells, and markets MTBE for gasoline blending, and is the largest MTBE producer in the world. The company has adopted acquisitions as a major growth strategy to enhance its regional presence. For instance, SABIC entered into an agreement with Shell for a 50% stake in its Sadaf Chemicals. This acquisition is expected to cater the interests of both the companies in future and further optimize operations at Sadaf. LyondellBasell (Netherlands) manufactures, sells, and markets MTBE for gasoline blending. It is one of the major players that have established a strong foothold in the MTBE market and is the second largest MTBE producer in the world. The company is focused on expansions as its key growth strategy to meet the growing demand from customers. Methyl Tertiary Butyl Ether Market Segmentation By Manufacturing Process:
Based on manufacturing process, the fluid liquid cracker segment is projected to lead the MTBE market during the forecast period The fluid liquid cracker process is similar to the steam cracker process with the only difference being that the isobutene is extracted from FCC overheads. In this process, capacity is determined by the feed availability. Usually, the plants manufacture in the range of 20,000-70,000 tons per annum. By Application:
Based on application, the gasoline segment is projected to lead the MTBE market during the forecast period More than 90% MTBE is used for gasoline blending due to its high consumption in terms of volume. When used in gasoline engines, it enables reduction in the knocking effect that leads to inefficient burning and engine damage. MTBE has been used in gasoline since 1979 due to environmental and health concerns. The use of MTBE as gasoline additive started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). By Region:
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=12328028 APAC is the key region in MTBE market In terms of volume, the APAC region MTBE market is projected to grow at the highest CAGR between 2017 and 2022, due to the increased demand for gasoline in the region. This is a result of rapid economic expansion and increase in foreign direct investment in countries, such as China and South Korea, the MTBE market is expected to grow significantly during the next five years. Most of the countries in the APAC region are emerging and cannot afford costly oxygenates, such as Ethanol and ETBE, due to which there are no restrictions on blending MTBE with gasoline in the region. Some of the world’s largest MTBE producers, such as Sinopec (China), China National Petroleum Corporation (China), and Petronas (Malaysia) are headquartered in the APAC region. China is the largest consumer of MTBE and also has the highest production capacity in the world. Table of Contents:
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