Methyl Tertiary Butyl Ether Market Forecast

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Methyl Tertiary Butyl Ether Market Forecast"

Transcription

1 Methyl Tertiary Butyl Ether Market Forecast P a g e 1

2 1 Summary Methyl Tertiary Butyl Ether (MTBE) is an organic compound that is highly flammable and volatile. It is manufactured by a chemical reaction of methanol with isobutylene. MTBE contains oxygen which, when added to gasoline, enhances the octane rating and helps in reducing emissions. MTBE also offers efficient blending properties and helps in the reducing the formation of benzene and formaldehyde in gasoline. MTBE is widely produced in refinery-based plants, however, significant capital is required for the same. The production of MTBE is also subject to legal and regulatory barriers across the globe owing to health and environmental issues. The major application of MTBE is as a gasoline additive across the globe. P a g e 2

3 1.1 Top Global Players: Some of the key players in the Global Methyl Tertiary Butyl Ether (MTBE) Market are 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) P a g e 3

4 2 Market Categorization 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 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. P a g e 4

5 2.1 Intended Audience: Methyl Tertiary Butyl Ether Market Manufacturers Traders and Distributors of Methyl Tertiary Butyl Ester Market Production Process Industries Potential Investors Raw Material Suppliers Nationalized Laboratory 2.2 Study Objectives of Methyl Tertiary Butyl Ether Market: To provide detailed analysis of the market structure along with forecast for till 2023 of the various segments and sub-segments of the Methyl Tertiary Butyl Ether Market. To understand the supply and demand dynamics including supply and consumption concentration mapping. To provide region level market analysis and future outlook for Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. To provide competitor positioning of the market. To provide company profiling of major players in the market along with their production and capacity. To provide regional trade analysis. To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market. P a g e 5

6 3 Regional Insight: 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 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. P a g e 6

7 P a g e 7