Methyl Tertiary Butyl Ether Market Trends, Industry Share, Growth to 2023

Methyl Tertiary Butyl Ether (MTBE) Market 2018 Global Size, Industry Share, Leading Players and Forecast to 2023

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Methyl Tertiary Butyl Ether (MTBE) Market 2018 Methyl Tertiary Butyl Ether (MTBE) Market 2018: Global Size, Industry Share, Leading Players and Forecast to 2023 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.

On the basis of 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.

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Methyl Tertiary Butyl Ether (MTBE) Market 2018 Segmental Analysis 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 stream 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.

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Methyl Tertiary Butyl Ether (MTBE) Market 2018 Major Players in this Research: Key Players for Methyl Tertiary Butyl Ether (MTBE) Market: • 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)

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Methyl Tertiary Butyl Ether (MTBE) Market 2018 Regional Market Analysis Asia-Pacific accounted for the largest market share in 2017; the regional market is likely to witness significant growth during the review period driven by the growing automotive industry. The increasing production of automobiles, coupled with the rising adoption of MTBE in gasoline, is contributing to the growth of the market in this region. Moreover, the production of close substitutes of MTBE, such as ethanol and ethyl tert-butyl ether (ETBE), requires heavy capital investments, due to which MTBE is extensively used in the automotive industry. The presence of major producers of MTBE in the region, such as China National Petroleum Corporation (China) and Petronas (Malaysia), is also projected to substantially contribute to the revenue of the global methyl tertiary butyl ether (MTBE) market.

North America and Europe are other prominent markets for MTBE. The developed petrochemical sector in these regions is the major factor driving market growth. However, the presence of regulations especially in the US relating to water contamination due to the leakage of gasoline is a major restraining factor for the growth of the North American market. The markets in Latin America and the Middle East & Africa are projected to grow at considerable CAGRs during the forecast period. The growing need for gasoline in these regions is anticipated to drive market growth during the forecast period.

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