Market Highlight:
The Global Methyl Tertiary Butyl Ether (MTBE) Market is projected to grow at a CAGR of over 5% during the forecast period. 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 methyl tertiary butyl ether (MTBE).
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Intended Audience:
• Methyl Tertiary Butyl Ether (MTBE) manufacturers
• Traders and distributors of MTBE
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories
Segmentation Analysis:
The Global Methyl Tertiary Butyl Ether (MTBE) Market has been categorized by manufacturing process, application, and region.
On the basis of manufacturing process, the market has been segmented into steam cracker, fluid liquid cracker, dehydrogenation, and dehydration. Fluid liquid cracker was the largest segment in 2017 and is expected to remain so during the forecast period. The manufacturing process of MTBE is complex and requires significant capital investment. Therefore, the fluid liquid cracker process is used as it is a refinery-based production process that requires comparatively less capital. This manufacturing process is similar to the steam cracker process but is simpler and more economical. The fluid liquid cracker process is extensively used in Asia-Pacific owing to the rising refining capacity in the region, especially in India and China.
By application, the market has been classified as gasoline additive and others. According to MRFR analysis, gasoline additive was the leading segment in 2017 and is projected to show the same trend during the forecast period. The use of MTBE in engines substantially reduces engine damage caused by the insufficient burning of gasoline. Furthermore, MTBE helps in the reduction of emissions from vehicles.
On the basis of region, the market has been segregated into APAC, Europe, North America, Latin America, and the Middle East & Africa.
Regional Analysis:
The Asia-Pacific was the leading regional methyl tertiary butyl ether (MTBE) market in 2017. The growing adoption of the product in the automotive industry owing to its emission reduction and anti-knocking properties is projected to boost market growth in this region.
North America and Europe are expected to be the other major markets for MTBE during the forecast period. The presence of a developed petrochemicals sector coupled with the growing demand for MTBE as a gasoline additive is projected to drive the growth of these markets.
Global Competitors:
The top players available in the Global Methyl Tertiary Butyl Ether (MTBE) Market are; Sabic (Saudi Arabia), LyondellBasell (Netherlands), Emirates National Oil Company (UAE), Gazprom (Russia), Evonik Industries (Germany), Royal Dutch Shell (Netherlands), China National Petroleum Corporation (China), Reliance Industries Limited (India), QAFAC (Qatar), Huntsman International (US), ENI (Italy), and Shandong Dongming Petrochemical Group (China).
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