Methyl Tertiary-Butyl Ether Market Comprehensive Study by Key Players

Posted on 2019-07-24 by Mark Hub in Industrial // 0 Comments

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. Characterized as highly combustible and colorless liquid, methyl tertiary butyl ether (MTBE) is a highly reactive chemical compound obtained from the reaction of methanol and isobutylene. MTBE finds ample applications as ideal fuel additive in motor gasoline owing to its property to increase oxygen amounts in gasoline.

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End use applications encompassing oil and gas as well as marine industries are likely to significantly underpin growth in MTBE market. Surge in production levels of methyl methacrylate and other compounds such as polyisobutylene and butyl rubber which witness massive end use applications are likely to spur greater adoption of MTBE. However, MTBE Market is likely to witness significant bottlenecks on the back of stringent regulatory framework perytaining ground water pollution across several countries such as the US, Japan, and several European countries.

Global demands for superlative automobile with adequate fuel efficiency, more emphatically across emerging economies such as Asia-Pacific region have heightened prospects for MTBE market growth. Besides flourishing automotive industry lucrative opportunities in marine trade is further anticipated to supplement growth outlook in methyl tertiary butyl ether (MTBE) market in the near future.

Key Research Findings from Fact.MR’s Report on MTBE Market

Volume sales of methyl tertiary-butyl ether will remain the largest in Asia-Pacific excluding Japan (APEJ), and are poised to account for roughly two-fifth market share by 2026-end. In terms of volume, APEJ is envisaged to endure as the fast-expanding market for MTBE through 2026, followed by Latin America. Presence of numerous vehicles coupled with relatively lenient environmental protection policies will continue to fuel adoption of MTBE in these regions in the foreseeable future.
In terms of volume, Oil & gas will continue to be dominant among end-use industries in the global MTBE market. This is mainly because this industrial sector accounts for a large amount of gasoline which in turn creates demand for MTBE as a fuel additive. However, polymer industry and chemical industry are set to record the fastest volume consumption of MTBE through 2026.
Based on applications, reformulated gasoline will continue to hold the lion’s share of the market, in terms of volume. Sales of MTBE for application in reformulated gasoline will remain considerably larger than those in solvent and extractant combined.

Methyl tertiary butyl ether (MTBE) market: Competition Landscape

This section of the report offers a detailed section on key contributors in methyl tertiary butyl ether (MTBE) market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.

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.

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