According to a new market report published by Credence Research, “Methyl Tertiary Butyl Ether (MTBE) Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global methyl tertiary butyl ether (MTBE) market is expected to at a CAGR of 4.3% from 2017 to 2025.
Browse the full Methyl Tertiary Butyl Ether (MTBE) Market, by application Medical Application, Gasoline, Isobutene, Solvent & Extractant and Others (MMA, etc.); by Geography, North America, Europe, Asia Pacific, Latin America, Middle East and Africa- Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report athttp://www.credenceresearch.com/report/methyl-tertiary-butyl-ether-mtbe-market
The global methyl tertiary butyl ether (MTBE) market is expected to witness high growth during the forecast period 2017 to 2025. Strong demand from various industry as a safer alternative to diethyl ether is anticipated to drive the demand for the methyl tertiary butyl ether (MTBE) in upcoming years. The global methyl tertiary butyl ether (MTBE) market is projected to grow a CAGR of 4.3% from 2017 to 2025.
On the basis of applications, the global methyl tertiary butyl ether (MTBE) market is segmented into gasoline, isobutene, solvent & extractant and others (MMA, etc.) applications. Among these, gasoline segment dominated the market. This segment is projected to maintain its dominance over the next eight years. MTBE can also be used to make high purity isobutylene which is further processed to produce butyl rubber, highly reactive polyisobutylene, methyl methacrylate (MMA) and some smaller derivatives.
For the purpose of this study, the global methyl tertiary butyl ether (MTBE) market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2016, Asia pacific was observed as the largest market for methyl tertiary butyl ether (MTBE). In Asia Pacific, China and India serve potential markets for methyl tertiary butyl ether (MTBE) in the next five to six years. However, as methyl tertiary butyl ether (MTBE) has been recognized dangerous to the environment, USA, Canada, Japan and Western Europe countries shift to Ethyl tert-butyl ether (ETBE), ethanol and other alternatives and closed MTBE facilities.
Furthermore, methyl tertiary butyl ether (MTBE) market is moderately consolidated due to the presence of a few established players. Companies present in Asia pacific and Eastern Europe are extensively focusing on research and development and expanding their business network, across regional markets. China Petrochemical Corporation, Emirates National Oil Company, Eni S.p.A., Enterprise Products Partners L.P., Evonik Industries AG, Huntsman Corporation, LyondollBasell Industries, Panjin Hayen Industrial Group, Petroliam Nasional Berhad (PETRONAS), Reliance Industries Ltd., Saudi Basic Industries Corporation (SABIC), Zhenhai Refining & Chemical are among the few key manufacturers in methyl tertiary butyl ether (MTBE) market.
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- Shift from MTBE to ETBE usage in such developed countries as Japan, the USA and Western European countries
- In 2016, APAC led the market in terms of MTBE production
- Increasing array of applications
- Asia pacific is expected to register the highest growth rate in upcoming years
- Eastern Europe and Asia Pacific countries started new MTBE facilities
- Strong demand from emerging economies