Methyl Tertiary Butyl Ether Market Global Industry Growth, Size, Trends, Insights and 2022 Forecast


Posted November 26, 2018 by armaan007

Methyl Tertiary Butyl Ether Market expected to stand at USD 18.99 Billion by 2022, at a CAGR of 4.8%, between 2017–2022

 
The report [107 pages] "Methyl Tertiary Butyl Ether Market by Manufacturing Process, (Steam Cracker, Fluid Liquid Cracker), Application (Gasoline), and Region (North America, Europe, APAC, Latin America, Middle East & Africa) - Global Forecast to 2022" published by MarketsandMarkets™, the Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 Billion by 2022 from an estimated USD 14.99 Billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in the emerging economies.

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Increase in use of gasoline is expected to drive the MTBE market. The gasoline application segment led the MTBE market, in terms of value, in 2016. This can be attributed to the high demand for gasoline from APAC, Middle East & Africa, and Latin American countries such as China, Saudi Arabia, and Mexico. The MTBE market has witnessed several changes in the past few decades. The use of MTBE as oxygenate has been completely banned in the US after 2006 due to the contamination of groundwater. MTBE, as oxygenate, is being replaced by Ethanol and ETBE in Japan, Brazil, and some Western European countries due to certain environmental and legal regulations. The CAGR of other applications of MTBE, such as high purity isobutene and medical intermediates is increasing at rates well above global GDP.

The global MTBE market is segmented on the basis of manufacturing process, application, and region. Based on the manufacturing process, the MTBE market has been further segmented into steam cracker, fluid liquid cracker, and others. Others include dehydrogenation and dehydration. Fluid liquid cracker and steam cracker are the most commonly used manufacturing processes as these are refinery-based processes and are much simpler than other two processes, which are dehydration and dehydrogenation.

Major applications in the MTBE market are gasoline and others. Others include high purity isobutene and medical intermediates. Gasoline is the largest application of MTBE, in terms of value. MTBE has been used in gasoline since 1979 due to environmental and health concerns. The use of MTBE as gasoline additive mainly started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). The significant volume of MTBE consumption in gasoline is driving the demand for MTBE in the gasoline application. Rapidly increasing vehicle fleets especially in emerging economies and increasing urbanization is driving the demand for MTBE in the gasoline segment.

APAC is the largest market for MTBE, majorly driven by the growing demand for gasoline blending as it enables reduction in harmful carbon emissions caused by the burning of gasoline. Middle East & Africa and Latin America also have significant demand for MTBE for gasoline blending due to growing urbanization in the regions. China is the largest and the fastest-growing country in terms of demand for MTBE for gasoline blending because of its large population and high growth economy. Fluid liquid cracker is the leading manufacturing process in the MTBE market. This is because this process is much simpler than other processes, as, in this process, isobutene is extracted as a byproduct from Fluid Catalytic Cracker (FCC) overheads.

Some of the MTBE manufacturers include SABIC (Saudi Arabia), Evonik (Germany), China National Petroleum Corporation (China), Huntsman International (US), Eni S.p.A (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), Emirates National Oil Company (UAE), and Qafac (QATAR).

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For more details: https://www.prnewswire.com/news-releases/methyl-tertiary-butyl-ether-market-worth-1899-billion-usd-by-2022-677580713.html

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Issued By Markets and Markets
Country India
Categories Industry
Tags methyl tertiary butyl ether , methyl tertiary butyl ether application , methyl tertiary butyl ether enduser , methyl tertiary butyl ether market , mtbe manufacturers , mtbe market , mtbe type
Last Updated November 26, 2018