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Methyl Tertiary Butyl Ether (MTBE) Market Size, Share | 2031
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Methyl Tertiary Butyl Ether (MTBE) Market Size, Share | 2031

Segments - Methyl Tertiary Butyl Ether (MTBE) Market by Applications (Gasoline Additives, Isobutene, Solvents, and Other Applications) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2048 | 4.6 Rating | 82 Reviews | 187 Pages | Format : PDF Excel PPT

Report Description


Methyl Tertiary Butyl Ether (MTBE) Market Outlook 2031:

The global methyl tertiary butyl ether (MTBE) market size was valued at USD 18.99 Billion in 2022 and is projected to reach USD 28.96 Billion by 2031, expanding at a CAGR of 4.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the easy availability of MTBE coupled with the low cost of the compound.

Methyl Tertiary Butyl Ether (MTBE) Market Outlook

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.

  • Rapid industrialization is expected to drive the market growth.
  • Decreasing emission of diesel due to the utilization of MTBE can accelerate the market growth.
  • The COVID-19 outbreak has reduced consumption of gasoline has declined the demand for MTBE in the market. However, the relaxation in the restrictions amidst the COVID-19 pandemic is expected to spur the growth of the market.
  • Trade barriers in the export and import of MTBE due to government policies can hinder the growth of the market.
  • Rapid growth of the electric vehicle (EV) industry can create challenges for the market growth.
  • Increasing number of refineries in emerging economies, such as India and China, is expected to foster the growth of the market in the projected timeline.
  • Technological advancements in the chemical industry can create lucrative opportunities for the market growth.

Scope of the Methyl Tertiary Butyl Ether (MTBE) Market Report

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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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

 

Methyl Tertiary Butyl Ether (MTBE) Market Segment Insights

Gasoline additives segment is expected to accelerate at a rapid pace

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.

Methyl Tertiary Butyl Ether (MTBE) Market Application

Asia Pacific is anticipated to constitute a major key market share

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.

Methyl Tertiary Butyl Ether (MTBE) Market Region

Segments

The global methyl tertiary butyl ether (MTBE) market has been segmented on the basis of

Applications

  • Gasoline Additives
  • Isobutene
  • Solvents
  • Other Applications

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • China Petroleum & Chemical Corporation
  • SABIC
  • Enterprise Products Partners L.P.
  • Evonik Industries AG
  • LyondellBasell Industries Holdings BV

Competitive Landscape

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).

Methyl Tertiary Butyl Ether (MTBE) Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methyl Tertiary Butyl Ether (MTBE) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Methyl Tertiary Butyl Ether (MTBE) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Methyl Tertiary Butyl Ether (MTBE) Market - Supply Chain
  4.5. Global Methyl Tertiary Butyl Ether (MTBE) Market Forecast
     4.5.1. Methyl Tertiary Butyl Ether (MTBE) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Methyl Tertiary Butyl Ether (MTBE) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Methyl Tertiary Butyl Ether (MTBE) Market Absolute $ Opportunity
5. Global Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Applications
     5.3.1. Gasoline Additives
     5.3.2. Isobutene
     5.3.3. Solvents
     5.3.4. Other Applications
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Methyl Tertiary Butyl Ether (MTBE) Demand Share Forecast, 2019-2026
7. North America Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Applications
     7.4.1. Gasoline Additives
     7.4.2. Isobutene
     7.4.3. Solvents
     7.4.4. Other Applications
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Methyl Tertiary Butyl Ether (MTBE) Demand Share Forecast, 2019-2026
8. Latin America Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Applications
     8.4.1. Gasoline Additives
     8.4.2. Isobutene
     8.4.3. Solvents
     8.4.4. Other Applications
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Methyl Tertiary Butyl Ether (MTBE) Demand Share Forecast, 2019-2026
9. Europe Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Applications
     9.4.1. Gasoline Additives
     9.4.2. Isobutene
     9.4.3. Solvents
     9.4.4. Other Applications
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Methyl Tertiary Butyl Ether (MTBE) Demand Share Forecast, 2019-2026
10. Asia Pacific Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Applications
     10.4.1. Gasoline Additives
     10.4.2. Isobutene
     10.4.3. Solvents
     10.4.4. Other Applications
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Methyl Tertiary Butyl Ether (MTBE) Demand Share Forecast, 2019-2026
11. Middle East & Africa Methyl Tertiary Butyl Ether (MTBE) Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Methyl Tertiary Butyl Ether (MTBE) Market Size and Volume Forecast by Applications
     11.4.1. Gasoline Additives
     11.4.2. Isobutene
     11.4.3. Solvents
     11.4.4. Other Applications
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Methyl Tertiary Butyl Ether (MTBE) Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Methyl Tertiary Butyl Ether (MTBE) Market: Market Share Analysis
  12.2. Methyl Tertiary Butyl Ether (MTBE) Distributors and Customers
  12.3. Methyl Tertiary Butyl Ether (MTBE) Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. China Petroleum & Chemical Corporation
     12.4.2. SABIC
     12.4.3. Enterprise Products Partners L.P.
     12.4.4. Evonik Industries AG
     12.4.5. LyondellBasell Industries Holdings BV

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