Methyl Tertiary Butyl Ether (MTBE) Market: Information by Manufacturing Process (Steam Cracker, Fluid Liquid Cracker, Dehydrogenation, Dehydration), Application (Gasoline Additive, Others) and Region (North America, Asia-Pacific) - Forecast till 2030
ID: MRFR/CnM/4794-HCR | February 2021 | Region: Global | 100 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Type
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End-Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
5 Market Dynamics of Global Methyl Tertiary Butyl Ether (MTBE) Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Forms
6. Global Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process
6.1 Introduction
6.2 Steam Cracker
6.2.1 Market Estimates & Forecast, 2020–2027
6.2.2 Market Estimates & Forecast, by Region, 2020–2027
6.3 Fluid Liquid Cracker
6.3.1 Market Estimates & Forecast, 2020–2027
` 6.3.2 Market Estimates & Forecast, by Region, 2020–2027
6.4 Dehydrogenation
6.4.1 Market Estimates & Forecast, 2020–2027
6.4.2 Market Estimates & Forecast, by Region, 2020–2027
6.5 Dehydration
6.5.1 Market Estimates & Forecast, 2020–2027
6.5.2 Market Estimates & Forecast, by Region, 2020–2027
7. Global Methyl Tertiary Butyl Ether (MTBE) Market, by Application
7.1 Introduction
7.2 Gasoline Additives
7.2.1 Market Estimates & Forecast, 2020–2027
7.2.2 Market Estimates & Forecast, by Region, 2020–2027
7.3 Others
7.3.1 Market Estimates & Forecast, 2020–2027
7.3.2 Market Estimates & Forecast, by Region, 2020–2027
8. Global Methyl Tertiary Butyl Ether (MTBE) Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020–2027
8.2.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.2.3 Market Estimates & Forecast, by Application, 2020–2027
8.2.5 US
8.2.5.1 Market Estimates & Forecast, 2020–2027
8.2.5.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.2.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.2.6 Canada
8.2.6.1 Market Estimates & Forecast, 2020–2027
8.2.6.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.2.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020–2027
8.3.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.5 Germany
8.3.5.1 Market Estimates & Forecast, 2020–2027
8.3.5.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.6. France
8.3.6.1 Market Estimates & Forecast, 2020–2027
8.3.6.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.7 Italy
8.3.7.1 Market Estimates & Forecast, 2020–2027
8.3.7.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.8 Spain
8.3.8.1 Market Estimates & Forecast, 2020–2027
8.3.8.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.8.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.9 UK
8.3.9.1 Market Estimates & Forecast, 2020–2027
8.3.9.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.9.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.10 Russia
8.3.10.1 Market Estimates & Forecast, 2020–2027
8.3.10.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.10.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.11 Poland
8.3.11.1 Market Estimates & Forecast, 2020–2027
8.3.11.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.11.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.12 Rest of Europe
8.3.12.1 Market Estimates & Forecast, 2020–2027
8.3.12.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.3.12.3 Market Estimates & Forecast, by Application, 2020–2027
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2020–2027
8.4.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.5 China
8.4.5.1 Market Estimates & Forecast, 2020–2027
8.4.5.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.4.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.6 India
8.4.6.1 Market Estimates & Forecast, 2020–2027
8.4.6.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.4.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.7 Japan
8.4.7.1 Market Estimates & Forecast, 2020–2027
8.4.7.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.4.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.8 Australia & New Zealand
8.4.8.1 Market Estimates & Forecast, 2020–2027
8.4.8.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.4.8.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.9 Rest of Asia-Pacific
8.4.9.1 Market Estimates & Forecast, 2020–2027
8.4.9.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.4.9.3 Market Estimates & Forecast, by Application, 2020–2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.5 GCC
8.5.5.1 Market Estimates & Forecast, 2020–2027
8.5.5.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.5.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.6 Israel
8.5.6.1 Market Estimates & Forecast, 2020–2027
8.5.6.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.5.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.7 North Africa
8.5.7.1 Market Estimates & Forecast, 2020–2027
8.5.7.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.5.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.8 Turkey
8.5.8.1 Market Estimates & Forecast, 2020–2027
8.5.8.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.5.8.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.9 Rest of the Middle East & Africa
8.5.9.1 Market Estimates & Forecast, 2020–2027
8.5.9.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.5.9.3 Market Estimates & Forecast, by Application, 2020–2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020–2027
8.6.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.5 Brazil
8.6.5.1 Market Estimates & Forecast, 2020–2027
8.6.5.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.6.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.6 Mexico
8.6.6.1 Market Estimates & Forecast, 2020–2027
8.6.6.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.6.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.7 Argentina
8.6.7.1 Market Estimates & Forecast, 2020–2027
8.6.7.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.6.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.8 Rest of Latin America
8.6.8.1 Market Estimates & Forecast, 2020–2027
8.6.8.2 Market Estimates & Forecast, by Manufacturing Process, 2020–2027
8.6.8.3 Market Estimates & Forecast, by Application, 2020–2027
9. Company Landscape
9.1 Introduction
9.2 Market Strategy
9.3 Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Form Developments/Agreements/Investments)
10. Company Profiles
10.1 Sabic
10.1.1 Company Overview
10.1.2 Financial Updates
10.1.3 Form/Business Segment Overview
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 Evonik Industries
10.2.1 Company Overview
10.2.2 Financial Updates
10.2.3 Form/Business Segment Overview
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 China National Petroleum Corporation
10.3.1 Company Overview
10.3.2 Financial Updates
10.3.3 Form/Business Segment Overview
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 Huntsman International
10.4.1 Company Overview
10.4.2 Financial Updates
10.4.3 Form/Business Segment Overview
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 ENI
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Form/Business Segment Overview
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 LyondellBasell
10.6.1 Company Overview
10.6.2 Financial Updates
10.6.3 Form/Business Segment Overview
10.6.4 Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
10.7 Royal Dutch Shell
10.7.1 Company Overview
10.7.2 Financial Updates
10.7.3 Form/Business Segment Overview
10.7.4 Strategy
10.7.5 Key Developments
10.7.6 SWOT Analysis
10.8 Emirates National Oil Company
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Form/Business Segment Overview
10.8.4 Strategy
10.8.5 Key Developments
10.8.6 SWOT Analysis
10.9 QAFAC
10.9.1 Company Overview
10.9.2 Financial Updates
10.9.3 Form/Business Segment Overview
10.9.4 Strategy
10.9.5 Key Developments
10.9.6 SWOT Analysis
10.10 Gazprom
10.10.1 Company Overview
10.10.2 Financial Updates
10.10.3 Form/Business Segment Overview
10.10.4 Strategy
10.10.5 Key Developments
10.10.6 SWOT Analysis
10.11 Shandong Dongming Petrochemical Group
10.11.1 Company Overview
10.11.2 Financial Updates
10.11.3 Form/Business Segment Overview
10.11.4 Strategy
10.11.5 Key Developments
10.11.6 SWOT Analysis
10.12 Reliance Industries Limited
10.12.1 Company Overview
10.12.2 Financial Updates
10.12.3 Form/Business Segment Overview
10.12.4 Strategy
10.12.5 Key Developments
10.12.6 SWOT Analysis
11. Conclusion
LIST OF TABLES
Table 1 Global Methyl Tertiary Butyl Ether (MTBE) Market, by Region, 2020–2027
Table 2 North America: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table 3 Europe: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table 4 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table 5 Middle East & Africa: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table 6 Latin America: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table 7 Global Methyl Tertiary Butyl Ether (MTBE) Form Market, by Region, 2020–2027
Table 8 North America: Methyl Tertiary Butyl Ether (MTBE) Form Market, by Country, 2020–2027
Table 9 Europe: Methyl Tertiary Butyl Ether (MTBE) Form Market, by Country, 2020–2027
Table10 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Form Market, by Country, 2020–2027
Table11 Middle East & Africa: Methyl Tertiary Butyl Ether (MTBE) Form Market, by Country, 2020–2027
Table12 Latin America: Methyl Tertiary Butyl Ether (MTBE) Form Market, by Country, 2020–2027
Table13 Global Methyl Tertiary Butyl Ether (MTBE) Application Market, by Region, 2020–2027
Table14 North America: Methyl Tertiary Butyl Ether (MTBE) Application Market, by Country, 2020–2027
Table15 Europe: Methyl Tertiary Butyl Ether (MTBE) Application Market, by Country, 2020–2027
Table16 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Application Market, by Country, 2020–2027
Table17 Middle East & Africa: Methyl Tertiary Butyl Ether (MTBE) Application Market, by Country, 2020–2027
Table18 Latin America: Methyl Tertiary Butyl Ether (MTBE) Application Market, by Country, 2020–2027
Table19 Global Methyl Tertiary Butyl Ether (MTBE) End-Use Market, by Region, 2020–2027
Table20 North America: Methyl Tertiary Butyl Ether (MTBE) End-Use Market, by Country, 2020–2027
Table21 Europe: Methyl Tertiary Butyl Ether (MTBE) End-Use Market, by Country, 2020–2027
Table22 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) End-Use Market, by Country, 2020–2027
Table23 Middle East & Africa: Methyl Tertiary Butyl Ether (MTBE) End-Use Market, by Country, 2020–2027
Table24 Latin America: Methyl Tertiary Butyl Ether (MTBE) End-Use Market, by Country, 2020–2027
Table25 Global Form Market, by Region, 2020–2027
Table26 Global Application Market, by Region, 2020–2027
Table27 Global End-Use Market, by Region, 2020–2027
Table28 North America: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table29 North America: Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process, 2020–2027
Table30 North America: Methyl Tertiary Butyl Ether (MTBE) Market, by Application, 2020–2027
Table31 North America: Methyl Tertiary Butyl Ether (MTBE) Market, by End-Use, 2020–2027
Table32 Europe: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table33 Europe: Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process, 2020–2027
Table34 Europe: Methyl Tertiary Butyl Ether (MTBE) Market, by Application, 2020–2027
Table35 Europe: Methyl Tertiary Butyl Ether (MTBE) Market, by End-Use, 2020–2027
Table36 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table37 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process, 2020–2027
Table38 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Market, by Application, 2020–2027
Table39 Asia-Pacific: Methyl Tertiary Butyl Ether (MTBE) Market, by End-Use, 2020–2027
Table40 Middle East & Africa: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table41 Middle East & Africa Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process, 2020–2027
Table42 Middle East & Africa Methyl Tertiary Butyl Ether (MTBE) Market, by Application, 2020–2027
Table43 Middle East & Africa: Methyl Tertiary Butyl Ether (MTBE) Market, by End-Use, 2020–2027
Table44 Latin America: Methyl Tertiary Butyl Ether (MTBE) Market, by Country, 2020–2027
Table45 Latin America Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process, 2020–2027
Table46 Latin America Methyl Tertiary Butyl Ether (MTBE) Market, by Application, 2020–2027
Table47 Latin America: Methyl Tertiary Butyl Ether (MTBE) Market, by End-Use, 2020–2027
LIST OF FIGURES
FIGURE 1 Global Methyl Tertiary Butyl Ether (MTBE) Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Methyl Tertiary Butyl Ether (MTBE) Market
FIGURE 4 Value Chain of Global Methyl Tertiary Butyl Ether (MTBE) Market
FIGURE 5 Share of Global Methyl Tertiary Butyl Ether (MTBE) Market in 2020, by Country (%)
FIGURE 6 Global Methyl Tertiary Butyl Ether (MTBE) Market, 2020–2027,
FIGURE 7 Global Methyl Tertiary Butyl Ether (MTBE) Market Size by Manufacturing Process, 2020
FIGURE 8 Share of Global Methyl Tertiary Butyl Ether (MTBE) Market, by Manufacturing Process, 2020–2027
FIGURE 9 Global Methyl Tertiary Butyl Ether (MTBE) Market Size, by Application, 2020
FIGURE 10 Share of Global Methyl Tertiary Butyl Ether (MTBE) Market, by Application, 2020–2027
FIGURE 11 Global Methyl Tertiary Butyl Ether (MTBE) Market Size, by End-Use, 2020
FIGURE 12 Share of Global Methyl Tertiary Butyl Ether (MTBE) Market, by End-Use, 2020–2027
Methyl Tertiary Butyl Ether (MTBE) Market
The global methyl tertiary butyl ether (MTBE) market was valued at USD 14.39 Billion in 2020 and projected to reach USD 18.102 Billion by 2030, at a CAGR of 5% during the forecast period.
$18.102 Billion
Market Size
5%
CAGR
Asia-Pacific
Dominating Region
2021-2030
Forecast Period
Segmentation
Key Players
- Sabic (Saudi Arabia)
- Evonik Industries (Germany)
- China National Petroleum Corporation (China)
- Huntsman International (US)
- ENI (Italy)
- LyondellBasell (Netherlands)
- Royal Dutch Shell (Netherlands)
- Emirates National Oil Company (UAE)
- QAFAC (Qatar)
- Gazprom (Russia)
- Shandong Dongming Petrochemical Group (China)
- Reliance Industries Limited (India)
Drivers
- Increasing product demand in the automotive industry as MTBE reduces vehicle emissions
- The knocking of engines
Market Insights
Methyl Tertiary Butyl Ether (MTBE) is an organic compound that is highly flammable and volatile. It is manufactured by a chemical reaction of methanol with isobutylene. MTBE contains oxygen which, when added to gasoline, enhances the octane rating and helps in reducing emissions. MTBE also offers efficient blending properties and helps in the reducing the formation of benzene and formaldehyde in gasoline. MTBE is widely produced in refinery-based plants, however, significant capital is required for the same. The production of MTBE is also subject to legal and regulatory barriers across the globe owing to health and environmental issues. The major application of MTBE is as a gasoline additive across the globe. According to MRFR analysis, the global methyl tertiary butyl ether (MTBE) market is projected to grow at a CAGR of over 4.79% during the forecast 2021-2030. 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.
Global Methyl Tertiary Butyl Ether (MTBE) Market Share, by Product (%)
Regional Analysis
The market in 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. The markets in the Middle East & Africa and Latin America are projected to contribute substantially to the global market during the forecast period owing to the growing gasoline requirements in these regions. Moreover, lax regulations for the production of MTBE in the Middle East and Latin America is projected to positively impact market growth.
Segmentation
The global methyl tertiary butyl ether (MTBE) market has been segmented by manufacturing process, application, and region. On the basis of manufacturing process, the market has been segregated into steam cracker, fluid liquid cracker, dehydrogenation, and dehydration. On the basis of application, the market has been segmented into gasoline additive and others. Based on region, the market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
Some of the key players in the global methyl tertiary butyl ether (MTBE) market are Sabic (Saudi Arabia), Evonik Industries (Germany), China National Petroleum Corporation (China), Huntsman International (US), ENI (Italy), LyondellBasell (Netherlands), Royal Dutch Shell (Netherlands), Emirates National Oil Company (UAE), QAFAC (Qatar), Gazprom (Russia), Shandong Dongming Petrochemical Group (China), and Reliance Industries Limited (India).
Intended Audience
- MTBE manufacturers
- Traders and distributors of MTBE
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030 : Significant value |
| CAGR | 4.79% (2021-2030) |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | manufacturing process, application, and region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Sabic (Saudi Arabia), Evonik Industries (Germany), China National Petroleum Corporation (China), Huntsman International (US), ENI (Italy), LyondellBasell (Netherlands), Royal Dutch Shell (Netherlands), Emirates National Oil Company (UAE), QAFAC (Qatar), Gazprom (Russia), Shandong Dongming Petrochemical Group (China), and Reliance Industries Limited (India). |
| Key Market Opportunities | The growing demand for gasoline and gasoline additives in the marine and oil & gas industries is also positively contributing to the growth |
| Key Market Drivers | Increasing product demand in the automotive industry as MTBE reduces vehicle emissions and the knocking of engines |
Frequently Asked Questions (FAQ) :
The global methyl tertiary butyl ether market is projected to grow at 4.79% CAGR during the review period (2021-2030).
Methyl Tertiary Butyl Ether (MTBE) is a highly flammable and volatile organic compound, which is used a gasoline additive to enhance its octane rating and reduce emissions.
Augmenting demand for gasoline in the marine and O&G industries
Asia Pacific holds the largest share in the global methyl tertiary butyl ether market followed by North America and Europe, respectively.
Evonik Industries (Germany), Sabic (Saudi Arabia), China National Petroleum Corporation (China), ENI (Italy), Huntsman International (US), LyondellBasell (Netherlands), Emirates National Oil Company (UAE), Royal Dutch Shell (Netherlands), QAFAC (Qatar), Shandong Dongming Petrochemical Group (China), Gazprom (Russia), and Reliance Industries Limited (India), are some of the leading players in the global methyl tertiary butyl ether market.
