Industry Segmentation:

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. 

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. 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.

Top Manufacturers:

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)

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Market Highlights:

According to MRFR analysis, 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 MTBE.

Geographical 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.

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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. 

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