DUBLIN--(BUSINESS WIRE)--The "Methyl Tertiary Butyl Ether Market by Manufacturing Process, (Steam Cracker, Fluid Liquid Cracker), Application (Gasoline), and Region (North America, Europe, APAC, Latin America, Middle East & Africa) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Global Methyl Tertiary Butyl Ether (MTBE) Market is projected to reach USD 18.99 billion by 2022 from an estimated USD 14.99 billion in 2017, at a CAGR of 4.8% between 2017 and 2022.
Major applications in the MTBE market are gasoline and others. Others include high purity isobutene and medical intermediates. Gasoline is the largest application of MTBE, in terms of value. MTBE has been used in gasoline since 1979 due to environmental and health concerns.
The use of MTBE as gasoline additive mainly started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). The significant volume of MTBE consumption in gasoline is driving the demand for MTBE in the gasoline application. Rapidly increasing vehicle fleets especially in emerging economies and increasing urbanization is driving the demand for MTBE in the gasoline segment.
SABIC is the world's largest producer of MTBE, and has a production capacity of 3200 KT per annum. In the fiscal year 2016, the company generated total sales of USD 35.40 billion.
The company has been producing MTBE since 1987 and has been producing MTBE through the TBA and fluid liquid cracker processes. The MTBE produced by the company is mainly used for gasoline blending. The company has adopted the acquisitions strategy to increase its market share around the globe. It supplies MTBE to various regions, such as Europe, Americas, Asia, and MEA.
Market Dynamics
Drivers
- Growing Demand from APAC Countries
Restraints
- Replacement of MTBE by Ethanol and ETBE
- Replacement of Gasoline Cars by Electric and Hybrid Cars
- Health and Environmental Issues Related to MTBE Usage
Opportunities
- Increasing Use in Petrochemical Applications
Challenges
- Volatility of Crude Oil Prices
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 MTBE Market, By Manufacturing Process
7 MTBE Market, By Application
8 Regional Analysis
9 Competitive Landscape
10 Company Profiles
- China National Petroleum Corporation
- Emirates National Oil Company
- ENI SpA
- Enterprise Product Partners L.P.
- Evonik Industries
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- Gazprom
- Huntsman International
- Lyondellbasell
- National Iranian Oil Company (NIOC)
- Other Key Players
- Panjin Heyun Industrial Group
- Petronas
- Qafac
- Reliance Industries Limited
- Royal Dutch Shell
- Sabic
- Shandong Dongming Petrochemical Group
- Sinopec
- Yussen Chemical
For more information about this report visit https://www.researchandmarkets.com/research/br4m4z/global_methyl?w=4
