Methyl Tertiary Butyl Ether Market Present Scenario and Growth Prospects From 2018 To 2023
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. Furthermore, MTBE helps in the reduction of emissions from vehicles. 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 manufacturing process, the market has been segmented into fluid liquid cracker, steam 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. 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. This manufacturing process is similar to the steam cracker process but is simpler and more economical.
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Top Market 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)
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
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Geographical Market Summary:
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.
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.
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