Methyl Tertiary Butyl Ether (MTBE) Market 2018 Stand Out as the Biggest Contributor to Global Growth and Will Hit 2.85% CAGR By 2023

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Methyl Tertiary Butyl Ether (MTBE)

Methyl Tertiary Butyl Ether (MTBE) Market research report (2018 – 2023) studies market insights, List of major Key players, buyers, threats of new entrants and substitute products. Also, Methyl Tertiary Butyl Ether (MTBE) market includes the various market dynamics like Drivers, Restraints, and Opportunities globally. The research report involved the various affecting factors like market growth, market share, competitive intelligence and growth opportunity.

Methyl Tertiary Butyl Ether (MTBE) Market report is expected to register a CAGR of 2.85% over a five years forecast period.”

List of Major Key players operating in the Global Methyl Tertiary Butyl Ether (MTBE) Market are –

  • China Petrochemical Corporation (SINOPEC)
  • CNPC
  • Emirates National Oil Company
  • Eni S.p.A
  • Enterprise Products Partners L.P.
  • Evonik Industries AG
  • Formosa Plastic Group
  • Huntsman Corporation
  • LyondollBasell Industries
  • Oxeno Antewerpen
  • Panjin Hayen Industrial Group
  • Pemex
  • Petroliam Nasional Berhad (Petronas)
  • Reliance Industries Ltd.
  • Saudi Basic Industries Corporation (SABIC)
  • Zhenhai Refining and Chemical

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The global methyl tertiary butyl ether (MTBE) market is expected to register a CAGR of 2.85% during the forecast period, 2018 – 2023. Methyl Tertiary Butyl Ether (MTBE) is a colorless, volatile, flammable liquid, which is used as fuel component. MTBE offers good blending properties and reduces the content of formaldehyde and benzene in gasoline. Other applications of MTBE include the use as solvents, extractant, and an intermediate in the production of methyl methacrylate (MMA).

Demand for use as an Anti-knocking Agent and as an Octane Booster

The major driver for MTBE market is its application as gasoline additive, where it is used as anti-knocking agent and an octane booster in the fuel for gasoline engines. Due to its lower cost and effectiveness, MTBE is preferred over others. MBTE finds application as a solvent and forms azeotropes with methanol and water. Though MTBE is banned in many developed countries including, United States, Canada, Japan, and parts of Europe, however, the consumption remained steady in developing countries, such as China, Mexico, and some parts of Middle East. MTBE ranks second in most widely used gasoline additive in the world. In addition, MTBE represent an affordable substitute for toxic fuel components, such as olefins, lead, benzene and sulfur.

Automotive Sector is expected to have the Highest Growth

Fuel oxygenates do not naturally occur in gasoline. Instead, they are added to increase gasoline’s oxygen content. By increasing gasoline’s oxygen content, the gasoline burns better, thereby lowering harmful emissions from vehicles and reducing pollution. With the automotive industry growing all over the globe the use of MTBE is expected to increase over the years. Nearly all MTBE products are used as additives in unleaded gasoline to increase octane levels and reduce carbon monoxide emissions.

Asia-Pacific Dominates the Market

Geographically, Asia-Pacific market occupied the largest share in MTBE consumption. The widespread availability of MTBE as a cheap feedstock, coupled with it being an attractive substitute to aromatics in gasoline, is driving the Asia-Pacific market. In 2016, China was estimated to be the largest market for MTBE in Asia-Pacific and also globally, primarily due to the high demand from automotive industry and its use as gasoline additives. China and India are the major consumers of MTBE in this region. The Middle East market is likely to exhibit steady demand for MTBE in upcoming years due to increased gasoline quality requirements in this region

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Global Methyl Tertiary Butyl Ether (MTBE) Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
  • Asia Pacific (China, Japan, India, Southeast Asia and Australia)
  • Latin America (Brazil, Argentina and Colombia)
  • The Middle East and Africa

Key Questions Answered About Methyl Tertiary Butyl Ether (MTBE) Market:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the Methyl Tertiary Butyl Ether (MTBE) market for selective countries?
  • Which region or sub-segment is selected is expected to drive the market in the forecast period?
  • What factors are estimated to drive and restrain the market growth?
  • What are the key technological and Methyl Tertiary Butyl Ether (MTBE) market trends shaping the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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Reasons to Purchase Methyl Tertiary Butyl Ether (MTBE) Market Report:

  • The report analyses how stringent emission control norms will drive the global Methyl Tertiary Butyl Ether (MTBE) market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Methyl Tertiary Butyl Ether (MTBE) market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

Scope of the Report:

The report analyses Methyl Tertiary Butyl Ether (MTBE) market, which includes –

  • Analysis of the growth of Methyl Tertiary Butyl Ether (MTBE) market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Methyl Tertiary Butyl Ether (MTBE) market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Methyl Tertiary Butyl Ether (MTBE) market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Methyl Tertiary Butyl Ether (MTBE) market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

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