DUBLIN--(BUSINESS WIRE)--The "Global Methyl Tertiary Butyl Ether (MTBE) Market - Segmented Application, End-user Industry, and Geography - Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global methyl tertiary butyl ether (MTBE) market is expected to register a CAGR of 2.85% during the forecast period, 2018-2023.
The major driver for MTBE market is its application as gasoline additive, where it is used as anti-knocking agent and an octane booster in the fuel for gasoline engines. Due to its lower cost and effectiveness, MTBE is preferred over others. MBTE finds application as a solvent and forms azeotropes with methanol and water.
Fuel oxygenates do not naturally occur in gasoline. Instead, they are added to increase gasoline's oxygen content. By increasing gasoline's oxygen content, the gasoline burns better, thereby lowering harmful emissions from vehicles and reducing pollution.
Geographically, Asia-Pacific market occupied the largest share in MTBE consumption. The widespread availability of MTBE as a cheap feedstock, coupled with it being an attractive substitute to aromatics in gasoline, is driving the Asia-Pacific market. In 2016, China was estimated to be the largest market for MTBE in Asia-Pacific and also globally, primarily due to the high demand from automotive industry and its use as gasoline additives.
China Petrochemical Corporation
- Emirates National Oil Company
- Eni S.p.A
- Enterprise Products Partners L.P.
- Evonik Industries AG
- Formosa Plastic Group
- Huntsman Corporation
- LyondollBasell Industries
- Oxeno Antewerpen
- Panjin Hayen Industrial Group
Petroliam Nasional Berhad
Reliance Industries Ltd. SAudi Basic Industries Corporation
- Zhenhai Refining and Chemical
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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