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    Methyl Tertiary Butyl Ether MTBE Market Report

    Methyl Tertiary Butyl Ether MTBE Market Report
    Report code - SR1802 Delivery - 2 Weeks
    Methyl Tertiary Butyl Ether (MTBE) Market Size, Share, Trend, Forecast, & Industry Ana See more...

    Market Insights

    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) Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 16.2 billion

    Market Size in 2026

    US$ 21.9 billion

    Market Growth (2021-2026)

    5.3% CAGR

     

    Figure: Methyl Tertiary Butyl Ether (MTBE) Market Size, 2020-2026 (USD Billion)

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    What is Methyl Tertiary Butyl Ether (MTBE)?

    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 combustion of fuel, thereby reducing knocking in the engine, thereby improving lifespan of machinery.

    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 were 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).

    Key Players

    Key players operating in the global Methyl Tertiary Butyl Ether (MTBE) Market are-

    • ENOC Company (UAE)
    • Enterprise Product Partners LP (US)
    • Evonik Industries AG (Germany)
    • Formosa Plastics Corporation (Taiwan)
    • Gazprom Neft PJSC (Russia)
    • LyondellBasell Industries Holdings BV (Netherlands)
    • QAFAC (Qatar)
    • SABIC (Saudi Arabia)
    • SIBUR International GmbH (Russia)
    • VINATI ORGANICS LIMITED (India)

    Market Dynamics

    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 the emerging countries increases the market growth potential during the review period.

    Segments Analysis

    Application Trends

    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

    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 expanding automotive and transportation sector. Moreover, strong refinery sector and petroleum production further bolsters the regional market growth.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Methyl Tertiary Butyl Ether (MTBE) market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the global Methyl Tertiary Butyl Ether (MTBE) market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global Methyl Tertiary Butyl Ether (MTBE) market?
    • What are the key strategies adopted by the major vendors to lead in the global Methyl Tertiary Butyl Ether (MTBE) market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Methyl Tertiary Butyl Ether (MTBE) Market includes-

    • Methyl Tertiary Butyl Ether (MTBE) Vendors
    • Methyl Tertiary Butyl Ether (MTBE) Manufacturers
    • Methyl Tertiary Butyl Ether (MTBE) Distributors
    • Organizations
    • Government Bodies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

    Key players operating in the global Methyl Tertiary Butyl Ether (MTBE) Market are- ENOC Company (UAE), Enterprise Product Partners LP (US), Evonik Industries AG (Germany), Formosa Plastics Corporation (Taiwan), Gazprom Neft PJSC (Russia), LyondellBasell Industries Holdings BV (Netherlands), QAFAC (Qatar), SABIC (Saudi Arabia), SIBUR International GmbH (Russia), VINATI ORGANICS LIMITED (India).

    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.

    The target audience of Methyl Tertiary Butyl Ether (MTBE) Market includes- Methyl Tertiary Butyl Ether (MTBE) Vendors, Methyl Tertiary Butyl Ether (MTBE) Manufacturers, Methyl Tertiary Butyl Ether (MTBE) Distributors, Organizations, Government Bodies.

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