Highlight:
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.
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.
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Intended Audience:
• Methyl Tertiary Butyl Ether (MTBE) manufacturers
• Traders and distributors of MTBE
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories
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.
Segmentation:
The Global Methyl Tertiary Butyl Ether (MTBE) Market has been segmented by manufacturing process, application, and region.
By manufacturing process, the market has been segregated into fluid liquid cracker, steam cracker, dehydrogenation, and dehydration.
Basis of application, the market has been segmented into gasoline additive and others.
By region, the market has been segregated into Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Competitors:
The top players available in the Global Methyl Tertiary Butyl Ether (MTBE) Market are; Gazprom (Russia), Evonik Industries (Germany), Royal Dutch Shell (Netherlands), China National Petroleum Corporation (China), Reliance Industries Limited (India), Sabic (Saudi Arabia), Emirates National Oil Company (UAE), QAFAC (Qatar), Huntsman International (US), ENI (Italy), LyondellBasell (Netherlands), and Shandong Dongming Petrochemical Group (China).
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