Based on the acute analysis
conducted by Market Research Future (MRFR), the global methyl tertiary butyl
ether market is predicted to have a lucrative growth at a rate of 5% during the
forecast period (2018–2023).
Growth Factors and Top Barriers
Methyl tertiary butyl ether (MTBE)
refers to an organic compound which is generally produced when isobutene and
methanol react with each other with a catalyst present. It is a highly
flammable, colorless and volatile liquid having a characteristic mild odor. The
unique properties that set apart methyl tertiary butyl ether from other
chemicals include low blending vapor pressure, higher-octane number,
distillation properties and high miscibility with gasoline, which make it ideal
as an oxygenating agent in gasoline fuel. Using MTBE as an oxygenate augments
the oxygen content in the fuel, ensuring complete combustion.
Compared to other oxygenates, methyl
tertiary butyl ether is less soluble in water without phase separation, vapor
pressure, reduced blending density as well as no corrosion issues. All these
properties and attributes have rendered the compound highly beneficial, giving
it an edge over few other agents. But the increasing preference for alternative
compounds will curb the market growth of methyl tertiary butyl ether to some
extent. Nonetheless, the demand for the compound is set to rise in the coming
years. With increasing government regulations in the developed as well as the
developing regions associated with the mandatory use of oxygenated compounds in
gasoline fuel for ensuring complete combustion and minimizing emissions from
vehicles, the market is expected to benefit immensely.
Besides, the surging consumption of
gasoline fuel in marine and also in oil & gas industry is projected to
augment the demand for methyl tertiary butyl ether over the review period.
Another factor driving the market growth is the rising preference for gasoline
fuel that display complete combustion, followed by corresponding increase in
demand for high-octane fuels along with reduced low exhaust emissions. In
addition, elevated production of methyl methacrylate (MMA), polyisobutylene and
butyl rubber, and few other products around the world are set to be
instrumental factors augmenting the demand for methyl tertiary butyl ether.
Global Top Players
Ø Shandong Dongming Petrochemical
Group
Ø China National Petroleum Corporation
Ø Huntsman International
Ø Sabic
Ø LyondellBasell
Ø Evonik Industries
Ø ENI
Ø QAFAC
Ø Royal Dutch Shell
Ø Emirates National Oil Company
Ø Reliance Industries Limited
Ø Gazprom
Recent News
April 2019
Saudi Aramco
(Singapore) has reported that its methyl tertiary butyl ether’s trading volume
is bound to rise at a significant rate, after the company bought Saudi Basic
Industries Corp's petrochemical units. After the purchase is done, the MTBE
capacity of the company is estimated to reach roughly 2.37 mt/year, touted to
be the largest achievement by a single company in the Asia region.
Market Segmentation
The Methyl
Tertiary Butyl Ether Market is segmented based on manufacturing process, application,
and region.
The types of
manufacturing processes mentioned in the report are steam cracker, fluid liquid
cracker, dehydrogenation, and dehydration. Out of these, fluid liquid cracker
was the leading segment in 2017 and will remain at the top throughout the
review period. The surging refining capacity among various regions across the
globe will elevate the position of the segment in the coming years.
Application-wise, the
segments in the global market include gasoline additive and others. The report
states that gasoline additive was the dominating segment in the year 2017, with
further predictions of the segment growing at the same pace throughout the
forecast period. As MTBE helps reduce the emissions from vehicles, its demand
is expected to rise in this application in the following time frame.
Regional Outlook
Region-wise, the
global methyl tertiary butyl ether market is spread across the key regions of
Europe, Asia Pacific, Latin America, North America, and the Middle East &
Africa.
Proving its worth
among all the regions in the global market is the region of Asia Pacific,
acquiring the leading position in 2017. With the increasing adoption of the
product, particularly in the automotive industry as it helps reduce emission
and has anti-knocking properties, the market in the region will be presented
with profitable opportunities in the future. Moreover, lenient policies
pertaining to environmental protection along with the cost effectiveness of
MTBE is presumed to buoy the position of the regional market in the conjectured
period.
Furthermore, Europe
and North America are projected to other substantial markets for MTBE over the
coming years, on account of the presence of a well-established petrochemicals
sector combined with the augmented demand for the product backed by its rising
use as a gasoline additive.
The market in Latin
America is on track to be another successful venture, as a result of the
upcoming refinery sector that makes use of MTBE as an anti-knocking agent for
reducing the wear and tear in heavy-duty machinery. Plus, the growing
production of vehicles and subsequently increasing consumer base will also be
instrumental in the market growth from 2018 to 2023.
Access Full Report Details and Order this
Premium Report @ https://www.marketresearchfuture.com/reports/methyl-tertiary-butyl-ether-market-6255
No comments:
Post a Comment