Methyl Tertiary Butyl Ether (MTBE) Market, By Type (Pharmaceutical grade, Industrial grade), By Application (Gasoline Additive, Isobutene, Solvent, Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, the UK, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [the Middle East, Latin America, and Others]).
Methyl Tertiary Butyl Ether (MTBE) Market, By Type (Pharmaceutical grade, Industrial grade), By Application (Gasoline Additive, Isobutene, Solvent, Others), and Region (North America [The USA, C...
"The Methyl Tertiary Butyl Ether (MTBE) Market is estimated to grow from USD 16.2 billion in 2020 to USD 21.9 billion by 2026 at a healthy CAGR of 5.2% during the forecast period".
Methyl tertiary butyl ether (MTBE) is a flammable, volatile, and colorless liquid which is sparingly soluble in water. MTBE is synthesized by a chemical reaction between methanol and isobutylene. It is majorly used as an anti-knocking agent and as an octane booster in fuel for gasoline engines. It is used in industrial engines as it helps to complete the combustion of fuel, thereby reducing knocking in the engine, thereby improving lifespan of machinery.
Market Drivers
The Methyl Tertiary Butyl Ether (MTBE) market is majorly propelled by increasing demand for petrochemical products. Moreover, MTBE has no secondary refining and can be utilized as a replacement for expensive ethanol in gasoline production. Moreover, significant growth of the automotive sector in emerging countries increases the market growth potential during the review period.
Covid-19 Impact Analysis
The COVID-19 pandemic has negatively affected the Methyl Tertiary Butyl Ether (MTBE) industry. The automotive, petrochemical, and transportation activities were temporarily stopped and there was restricted mobility amid the lockdown imposed in many countries to curb the spread of infection. This, in turn, adversely affected the demand for Methyl Tertiary Butyl Ether (MTBE).
Segment Analysis
Application Trends
"Gasoline additive segment accounted for the largest market in 2020"
Based on application, the Methyl Tertiary Butyl Ether (MTBE) market has been classified into gasoline additive, isobutene, solvent, and others. The gasoline additive segment accounted for the largest market in 2020. Methyl tertiary butyl ether (MTBE) is widely used as a gasoline additive, which is an octane booster and an anti-knocking agent in the fuel for gasoline engines. Its low cost and effectiveness further increases the product penetration in gasoline additives.
Regional Trends
"Asia Pacific Methyl Tertiary Butyl Ether (MTBE) market accounted for the largest share in 2020"
By region, the Asia Pacific Methyl Tertiary Butyl Ether (MTBE) market accounted for the largest share in 2020 and is expected to grow at a robust CAGR during the review period. The Methyl Tertiary Butyl Ether (MTBE) market growth is mainly attributed to rapid urbanization in developing countries of China, India, and ASEAN countries; increasing gasoline demand, and easy availability of MTBE as a cheap feedstock further augments the market growth.
The North American Methyl Tertiary Butyl Ether (MTBE) market held a moderate share in 2020 and is expected to grow at a robust CAGR during the review period. The Methyl Tertiary Butyl Ether (MTBE) market growth is mainly attributed to the expanding automotive and transportation sector. Moreover, the strong refinery sector and petroleum production further bolster the regional market growth.
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Key Players
The following are the key players in the Methyl Tertiary Butyl Ether (MTBE) Market (arranged alphabetically)
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most totally. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Methyl Tertiary Butyl Ether (MTBE) Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Market Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
By Type
Pharmaceutical grade
Industrial grade
By Application
Gasoline Additive
Isobutene
Solvent
Others
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Methyl Tertiary Butyl Ether (MTBE) Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The Global Methyl Tertiary Butyl Ether (MTBE) Market is estimated to grow from USD 16.2 billion in 2020 to USD 21.9 billion by 2026 at a healthy CAGR of 5.2% during the forecast period.
The Methyl Tertiary Butyl Ether (MTBE) market is majorly propelled by increasing demand for petrochemical products. Moreover, MTBE has no secondary refining and can be utilized as a replacement for expensive ethanol in gasoline production.
Asia Pacific Methyl Tertiary Butyl Ether (MTBE) market accounted for the largest share in 2020 and is expected to grow at a robust CAGR during the review period.