Methyl Tertiary Butyl Ether Market worth 18.99 Billion USD by 2022

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Methyl Tertiary Butyl Ether Market worth 18.99
Billion USD by 2022

The report "Methyl Tertiary Butyl Ether Market by
Manufacturing Process, (Steam Cracker, Fluid
Liquid Cracker), Application (Gasoline), and
Region (North America, Europe, APAC, Latin
America, Middle East Africa) - Global Forecast
to 2022", The Methyl Tertiary Butyl Ether (MTBE)
market is projected to reach USD 18.99 Billion by
2022 from an estimated USD 14.99 Billion in 2017,
at a CAGR of 4.8 from 2017 to 2022. Major
factors fueling the growth of the MTBE market are
the growing demand from the gasoline application,
increasing demand for the MTBE oxygenate from the
APAC region, and stringent environmental
regulations in the emerging economies.
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Introduction

• Increase in use of gasoline is expected to drive
  the MTBE market. The gasoline application segment
  led the MTBE market, in terms of value. This can
  be attributed to the high demand for gasoline
  from APAC, Middle East Africa, and Latin
  American countries such as China, Saudi Arabia,
  and Mexico.
• The MTBE market has witnessed several changes in
  the past few decades. The use of MTBE as
  oxygenate has been completely banned in the US
  after 2006 due to the contamination of
  groundwater. MTBE, as oxygenate, is being
  replaced by Ethanol and ETBE in Japan, Brazil,
  and some Western European countries due to
  certain environmental and legal regulations.
• The CAGR of other applications of MTBE, such as
  high purity isobutene and medical intermediates
  is increasing at rates well above global GDP.

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Key Participants

• Some of the leading producers of MTBE are SABIC
  (Saudi Arabia), Evonik (Germany), China National
  Petroleum Corporation (China), Huntsman
  International (US), Eni (Italy), Sinopec (China),
  LyondellBasell (Netherlands), Shell
  (Netherlands), Emirates National Oil Company
  (UAE), and Qafac (QATAR).
• These players adopted various organic and
  inorganic developmental strategies between 2013
  and 2017.

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On The Basis Of Region

• In terms of volume, the APAC region MTBE market
  is projected to grow at the highest CAGR between
  2017 and 2022, due to the increased demand for
  gasoline in the region.
• This is a result of rapid economic expansion and
  increase in foreign direct investment in
  countries, such as China and South Korea, the
  MTBE market is expected to grow significantly
  during the next five years.
• Most of the countries in the APAC region are
  emerging and cannot afford costly oxygenates,
  such as Ethanol and ETBE, due to which there are
  no restrictions on blending MTBE with gasoline in
  the region.

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