The global methyl tertiary butyl ether (MTBE) market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the easy availability of MTBE coupled with the low cost of the compound.
MTBE is a flammable liquid that helps in producing an unleaded gasoline for the fuel of the cars. It increases the oxygen and octane level in gasoline and reduces the carbon dioxide emission to avoid air pollution. MTBE is a relatively volatile chemical compound and moderately soluble in water. Therefore, the inhalation of the compound can cause irritation in the nose and throat.
The chemical compound is produced with the help of hydrocarbons containing isobutylene. According to Independent Commodity Intelligence Services (ICIS), over 90% of MTBE production is used in gasoline as oxygenating and a booster for octane. MTBE is more preferable than ethanol owing to its transportability and it also provides superior performance.
The report on the global methyl tertiary butyl ether (MTBE) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Methyl Tertiary Butyl Ether (MTBE) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Applications (Gasoline Additives, Isobutene, Solvent, and Other Applications) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
China Petroleum & Chemical Corporation; SABIC; Enterprise Products Partners L.P.; Evonik Industries AG; and LyondellBasell Industries Holdings BV |
Based on applications, the market is segregated into gasoline additives, isobutene, solvents, and other applications. The gasoline additives segment is expected to accelerate at a rapid pace during the forecast period owing to rising uses of MTBE in various industries to curb up the air pollution. However, the other applications segment is anticipated to hold a key share of the market in the coming years.
In terms of regions, the global methyl tertiary butyl ether (MTBE) market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a major key share of the market during the forecast period. Increasing number of producers in the region extensively involved in expansion and acquisition are driving the regional market growth. However, the Middle & Africa is anticipated to exhibit a steady growth during the forecast period owing to high temperature of region, which makes it impossible for MTBE to withstand in this region. Therefore, a special means of transportation is required to ship the MTBE, encouraging emerging players to enter the market.
Segments Covered in the Report
The global methyl tertiary butyl ether (MTBE) market has been segmented on the basis of
Applications
Regions
Key Players
Key players competing in the global methyl tertiary butyl ether (MTBE) market are China Petroleum & Chemical Corporation; SABIC; Enterprise Products Partners LP; Evonik Industries AG; and LyondellBasell Industries Holdings BV.
In June 2020, ARAMCO, an oil company based in Saudi Arabia, completed the acquisition of 70% stake in Saudi Basic Industries Corporation (SABIC).
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