MTBE Market: Future Consumption Prospects of MTBE to Remain Steady in Developing Countries
A new report by Fact.MR slates that the MTBE Market will reflect a volume CAGR of 4.6% throughout 2017 to 2026. Nearly US$ 17,000 Mn worth of methyl tertiary-butyl ether is estimated to be sold worldwide by 2026-end.
[ClickPress, Mon Mar 18 2019] A new report by Fact.MR slates that the MTBE Market will reflect a volume CAGR of 4.6% throughout 2017 to 2026. Nearly US$ 17,000 Mn worth of methyl tertiary-butyl ether is estimated to be sold worldwide by 2026-end.
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.
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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.
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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 tertiarybutyl ether.
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.
The global market for MTBE is fragmented, where the market players are focusing on leveraging opportunities in emerging economies of Latin America and APEJ. Key market participants identified by the report include Petronas Chemicals Group Berhad, Reliance Industries Ltd., LyondellBasell Industries Holdings B.V., Evonik Industries AG, S.C Carom S.A, BP plc, Akzo Nobel, Petrochemical Corporation of Singapore, Qatar Fuel Additives Company, Huntsman Corporation, and Wanhua Chemical Group Co., Ltd.
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