Methyl Tertiary-Butyl Ether Market Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : Mar-2018 | List of Tables : 101 | List of Figures : 81 | No. of Pages : 170 | Report Code : FACT521MR |

Methyl tertiary-butyl ether (MTBE) seeks widespread adoption as a fuel additive in gasoline engines on the coattails of its property of high oxygen content raising. MTBE is used in industrial engines as it enables complete combustion of fuel, while reducing knocking in the engine, thereby improving lifespan of machinery. MTBE also seek extensive employment in the automotive industry, as it helps in curtailing emissions from vehicles. Medical applications of MTBE have witnessed a tremendous surge, for example – MTBE is increasingly utilized for dissolving gallstones.

Processing of methyl tertiary-butyl ether for extracting isobutylene is a major trend observed in the market. Isobutylene is widely utilized for manufacturing butyl rubber, methyl methacrylate, and poly-isobutylene, which seek tremendous applications in various end-use industries such as electronics, manufacturing, industrial and automotive. Refining companies have been considering employment of methyl tertiary-butyl ether as a fuel additive in light of its excellent blending characteristics and economic viability. However, stringent regulations implemented with regard to groundwater contamination through gasoline leakages that contain MTBE will prevail as a major restraining factor for adoption of MTBE in the near future.

methyl tertiary butyl ether market

According to a recent analytical research report developed by Fact.MR, the global methyl tertiary-butyl ether (MTBE) market will exhibit a value CAGR of 4.7% between the forecast period, 2017 and 2026. Volume sales of MTBE across the globe are estimated to exceed 35,000 thousand tons by 2026-end.

Market Taxonomy

Region

Product Type

Application

End Use Industries

North America

Oxygenating Agent

Reformulated Gasoline

Oil & Gas Industry

Latin America

Derivative Grade

Solvent

Polymer industry

Europe

 

Extractant

Chemical Industry

Japan

 

Other Applications

Others

APEJ

     

MEA

     

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

APEJ to Lead Global MTBE Market

In terms of value, Asia-Pacific excluding Japan (APEJ) will continue to lead the global methyl tertiary-butyl market. China and India are major MTBE consumers in the region owing to presence of a large number of vehicles these countries. Additionally, environmental protection policies in APEJ are relatively less stringent, which in turn abodes well for penetration of MTBE in the region. Europe and North America will also prevail as major markets for methyl tertiary-butyl ether, in terms of value. There has been a steady expansion of the refinery sector in these regions since the recent past. Anti-knocking properties of MTBE suits well to reduce wear & tear of the heavy-duty machinery in this sector.

Reformulation of gasoline by using MTBE as a fuel additive, owing to its great oxygen content raising property, has been a trending practice witnessed worldwide. Reformulated gasoline seeks extensive adoption in the marine and oil & gas sector. According to the report, MTBE will witness the largest application in reformulated gasoline during the forecast period.

Oil & gas industry will continue to be the largest revenue contributing end-use industry to the global MTBE market, mainly driven by surging demand for gasoline & its additives in the industry. Based on product type, oxygenating agent will account for the lion’s share of the market throughout the forecast period.

Competition Tracking

Occupancy of numerous key suppliers is a major factor responsible for the fragmented nature of the global methyl tertiary-butyl ether market. Leading players in the market have prominent geographical presence coupled with enormous production facilities situated in countries including The U.S. and China. Growing demand for MTBE across various end-use industries has intensified the competition among players, compelling them to develop and offer high-quality products at competitive prices.

Key players elucidated in the report include Wanhua Chemical Group Co., Ltd., Huntsman Corporation, Qatar Fuel Additives Company, Petrochemical Corporation of Singapore, Akzo Nobel, BP plc, S.C Carom S.A, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Reliance Industries Ltd., and Petronas Chemicals Group Berhad.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Methyl tertiary-butyl ether (MTBE) has sought extensive employment in petrochemical applications on the back of its excellent blending octane value and cost-effectiveness. Apart from its huge consumption as an anti-knocking agent in engines, and as an octane buster, MTBE seeks various applications as a chemical solvent. Environmental and health issues associated with MTBE have constrained its adoption to a certain extent. Additionally, several alternative options to MTBE are available in the market that are impeding its demand. However, use of MTBE as a laboratory agent for extracting compounds, solvent for dissolving gallstones, and intermediate for methyl methacrylate will sustain its demand in the foreseeable future.

This analytical research report delivers valuable intelligence on the global methyl tertiary-butyl ether (MTBE) market by providing an all-inclusive forecast on the market growth between the period 2017 and 2026. Addressing key concerns of MTBE producers, and reflecting impact of latest chemical industry trends on demand for MTBE, the report imparts precise analysis & forecast on the global MTBE market. This report also acts as a credible business document for companies partaking in the MTBE market globally.

Valuable Insights on Global MTBE Market

This research report contains an array of distinct chapters, which provide a detailed segmentation of the global methyl tertiary-butyl ether market, encompassing various aspects driving the market expansion. Research findings from the report depict potential for consumer base expansion and enhancing exposure of methyl tertiary-butyl ether in the global chemical industry. Impact of transforming directives related to production, transportation and storage of MTBE has been directed toward estimating advancements in MTBE in the foreseeable future. Technology trends, and industrial regulations have been unveiled by the report for increasing lucrativeness of methyl tertiary-butyl ether.

Referring to insights offered in this report, producers of MTBE can formulate methods for expanding their businesses globally beyond conventional margins. As the identification of untapped opportunities in the global methyl tertiary-butyl ether market has prevailed as a major challenge for the market participants, this report offers analysis that discloses these opportunities. Intelligence provided in the report will enable MTBE producers in making modified decisions for profitable and long-term business expansion.

Market Analysis and Research Methodology

Considering the lucrativeness of methyl tertiary-butyl ether and its fluctuating cost, data points have been rendered in the report, with which the market players will be able to minimize risks. Offering in-depth insights on regions and countries lucrative for the market growth, companies are enabled to re-strategize their global measures. Continuous discussions with leading industry experts along with references of authentic databases are key methods employed by Fact.MR’s analysts for harnessing baseline information to forecast the market size. Data obtained has been collated for creating a framework on demand evolution of MTBE in the upcoming years. A tested & proven research methodology has been employed by the analysts for projecting growth prospects of the global market for methyl tertiary-butyl ether across multiple market parameters. Quantitative data has been combined with qualitative information in a bid to enhance accuracy of the market size evaluations forecast.

Weighted Chapter on Competition Landscape Analysis

Leading companies in global MTBE market are profiled in the report’s concluding chapter. Companies can avail this report for assessing their current market standing, and understanding opportunities for enhancing their reputation. Supply chain complexities, manufacturing challenges, and pricing volatility are addressed and analyzed in this chapter for resolving key concerns of the market players. Competition landscape analysis issued in this chapter is priceless for emerging market players. Novel strategies employed by the market leaders are disclosed in this chapter, which provides the first-hand information on establishment strategies that can be leveraged by niche companies partaking in the global MTBE market.

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Methyl Tertiary-Butyl Ether Market Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026