A new report by Fact.MR slates that the global methyl tertiary-butyl ether (MTBE) market wants to reflect a volume of CAGR of 4.6% in 2017 to 2026. Nearly US $ 17,000 Mn worth of methyl tertiary-butyl ether is estimated to be sold worldwide by 2026-end.
Future Consumption Prospects of MTBE to Remain Steady in Developing Countries
A form of oxygenate derived from isobutylene and methanol, methyl tertiary-butyl ether is blended with gasoline to produce it. Although adoption of MTBE for blending with gasoline has been banned in developed countries such as Japan, The US, and some of its parts are in the Middle East, Mexico, and China. This chemical compound is considered the second most used gasoline oxygenate. Albeit methyl tertiary-butyl ether is highly effective as an octane enhancer along with the provision of cost benefits.
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MTBE prevails as an attractive replacement for aromatics utilized in gasoline, underpinned by the chemical’s availability as an affordable feedstock coupled with its property of reducing vehicular emissions. Additionally, methyl tertiary-butyl ether represents a cost-effective replacement for toxic fuel components including benzene, olefins, sulfur, and lead. Compounds of methyl methacrylate (MMA) and isobutylene-isoprene rubber (IIR) are considered to be two major downstream products of MTBE. Oxygenate production nowadays seeks adoption of Bio-MTBE, which is an emerging natural segment currently, utilizing bio-methanol from renewable sources. Considered as an attractive compound in the second-generation biofuel landscape,
4 Key Research Findings from Fact.MR’s Report on MTBE Market
1- 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-fifths 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. MTBE in these regions in the foreseeable future. Presence of numerous vehicles.
2- In terms of volume, Oil & gas wants to continue to dominate among end-use industries in the global MTBE market. This is mainly because this industrial sector accounts for a large amount of gasoline. However, the polymer industry and chemical industry are set to record the fastest volume consumption of MTBE through 2026.
3- Based on applications, reformulated gasoline wants to continue to hold the lion’s share of the market, in terms of volume. Sales of MTBE for reformulated gasoline projects will remain larger than those in solvent and extractant combined.
4- In terms of volume, derivative grade MTBE intends to remain fast-expanding product in the market through 2026.
MTBE market, key companies are focusing on the development of innovative tertiary-butyl ether-specific product variants at affordable costs. The market expansion is based on goodwill of companies, their robust product portfolios and long-term contracts.
To know more about methyl tertiary-butyl ether market trends, check the link – https://www.factmr.com/report/521/methyl-tertiary-butyl-ether-market
The global market for MTBE is fragmented, where the market players are focused on leveraging opportunities in emerging economies of Latin America and APEJ. Petronas Chemicals Group Berhad, Reliance Industries Ltd., Lyondell Basell Industries Holdings BV, Evonik Industries AG, SC Carom SA, BP plc, Akzo Nobel, Petrochemical Corporation of Singapore, Qatar Fuel Additives Company, Huntsman Corporation, and Wanhua Chemical Group Co., Ltd.
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