methyl-tertiary-butyl-ether-mtbe-market

Methyl Tertiary Butyl Ether (MTBE) Market By Application (Gasoline, Isobutene, Solvent & Extractant, Others (MMA, Etc.) ) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

26 Sep 2017 Format PDF icon PPT icon XLS icon Request Sample

Methyl tertiary butyl ether (MTBE) is an organic compound with a structural formula (CH₃)₃COCH₃. MTBE is manufactured by the chemical reaction of methanol and isobutylene. At room temperature, MTBE is a volatile, flammable and colorless liquid that dissolves rather easily in water. Methyl tertiary butyl ether (MTBE) is used mainly as a blending agent in motor gasoline for its contained oxygen content and high octane value. Growing automotive industry in the emerging economies such as China, India, etc. is expected to resulting in an increasing demand for MTBE. In addition, growing demand for gasoline and gasoline additives in oil & gas sectors is expected to augment demand for MTBE.

By application type, methyl tertiary butyl ether (MTBE) market segmentation includes gasoline, isobutene, solvent & extractant and others (MMA, etc.). Market size and forecast of each application and product type is presented for the period 2015 to 2025 along with respective CAGR % for the forecast period 2017-2025.

The market size and forecast for the period 2015-2025 along with the CAGRs for the period 2017-2025 for the mentioned segments are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as market competition analysis and attractive investment proposition are also included in this study for assessment of overall market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global methyl tertiary butyl ether (MTBE) market.

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.

Purpose of the Report

The purpose of this strategic research study titled “Methyl tertiary butyl ether (MTBE) Market - Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the methyl tertiary butyl ether (MTBE) market.

Target Audience

  • Industry Investors
  • Procurement Managers from End-user Companies
  • Methyl Tertiary Butyl Ether (MTBE) Manufacturers
  • Distributors

USP and Key Offerings

The report titled “Methyl Tertiary Butyl Ether (MTBE) Market - Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” offers strategic insights into the overall methyl tertiary butyl ether (MTBE) market along with the market size, and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different regions.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in methyl tertiary butyl ether (MTBE) market in terms of their product portfolio, financial health and business strategies. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the methyl tertiary butyl ether (MTBE) industry
  • Market drivers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Historical market size and data (2015 & 2016)

Overall, the research study provides a holistic view of the methyl tertiary butyl ether (MTBE) market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above mentioned factors.

Among considered applications, gasoline segment holds the largest market share in 2016 at more than 30% of total demand for methyl tertiary butyl ether (MTBE) and is expected to maintain its dominance through the forecast period. It is one of a group of chemicals commonly known as "oxygenates" because they raise the oxygen content of gasoline. It is almost exclusively used as a fuel additive in motor gasoline. Oxygen helps gasoline burn more completely, reducing harmful tailpipe emissions from motor vehicles. Methyl tertiary butyl ether (MTBE) is used in medical applications to dissolve gallstones. Methyl tertiary butyl ether (MTBE) is further processed to obtain isobutylene, which is used to manufacture butyl rubber, polyisobutylene and methyl methacrylate (MMA). These chemicals are used in numerous end-use industries such as industrial manufacturing, electronics, automotive, etc.. Some of the other factors fuelling the methyl tertiary butyl ether (MTBE) market growth include rising demand for solvent, extractant and others applications.

In base year 2016, Asia Pacific and Eastern Europe were the largest regional markets 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. Growing consumption of methyl tertiary butyl ether (MTBE) in various applications like in gasoline, isobutene, solvent & extractant especially in China and India, along with commercialization measures for methyl tertiary butyl ether (MTBE) in various end-use industries is likely to fuel the methyl tertiary butyl ether (MTBE) market growth. Also, the market is estimated to lose its share in developed regions to developing regions in the next few years.

Demand for methyl tertiary butyl ether (MTBE) from European market comes from the rise in the demand for automotive and transportation fuels and production of isobutene. Eastern Europe methyl tertiary butyl ether (MTBE) market is expected to grow at significant rate in upcoming years.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Methyl Tertiary Butyl Ether (MTBE) market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Methyl Tertiary Butyl Ether (MTBE) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Application
  • Gasoline
  • Isobutene
  • Solvent & Extractant
  • Others (MMA, etc.)

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Methyl Tertiary Butyl Ether (MTBE) market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Methyl Tertiary Butyl Ether (MTBE) market?
  • Which is the largest regional market for Methyl Tertiary Butyl Ether (MTBE) market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Methyl Tertiary Butyl Ether (MTBE) market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Methyl Tertiary Butyl Ether (MTBE) market worldwide?
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