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.
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