Market Insights
The methyl tertiary butyl ether (MTBE) market was estimated at USD 16.2 billion in 2020 and is likely to grow at a CAGR of 5.2% during 2021-2026 to reach USD 21.9 billion in 2026.
Market Dynamics
Introduction
Methyl tertiary butyl ether (MTBE) is a flammable, volatile, and colorless liquid which is sparingly soluble in water. MTBE is synthesized by a chemical reaction between methanol and isobutylene. It is majorly used as an anti-knocking agent and as an octane booster in fuel for gasoline engines. It is used in industrial engines as it helps to complete the combustion of fuel, thereby reducing knocking in the engine, thereby improving lifespan of machinery.
Covid-19 Impact Analysis
The COVID-19 pandemic has negatively affected the Methyl Tertiary Butyl Ether (MTBE) industry. The automotive, petrochemical, and transportation activities were temporarily stopped and there was restricted mobility amid the lockdown imposed in many countries to curb the spread of infection. This, in turn, adversely affected the demand for Methyl Tertiary Butyl Ether (MTBE).
Market Drivers
The Methyl Tertiary Butyl Ether (MTBE) market is majorly propelled by increasing demand for petrochemical products. Moreover, MTBE has no secondary refining and can be utilized as a replacement for expensive ethanol in gasoline production. Moreover, significant growth of the automotive sector in emerging countries increases the market growth potential during the review period.
Key Players
The following are the key players in the methyl tertiary butyl ether (MTBE) market:
- ENOC Company (UAE)
- Enterprise Product Partners LP (US)
- Evonik Industries AG (Germany)
- Formosa Plastics Corporation (Taiwan)
- Gazprom Neft PJSC (Russia)
- LyondellBasell Industries Holdings BV (Netherlands)
- QAFAC (Qatar)
- SABIC (Saudi Arabia)
- SIBUR International GmbH (Russia)
- VINATI ORGANICS LIMITED (India)
Note: The above list does not necessarily include all the top players in the market.
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Segment Analysis
By Application Type
"Gasoline additive segment accounted for the largest market in 2020"
Based on application, the Methyl Tertiary Butyl Ether (MTBE) market has been classified into gasoline additive, isobutene, solvent, and others. The gasoline additive segment accounted for the largest market in 2020. Methyl tertiary butyl ether (MTBE) is widely used as a gasoline additive, which is an octane booster and an anti-knocking agent in the fuel for gasoline engines. Its low cost and effectiveness further increases the product penetration in gasoline additives.
Regional Analysis
"Asia Pacific Methyl Tertiary Butyl Ether (MTBE) market accounted for the largest share in 2020"
By region, the Asia Pacific Methyl Tertiary Butyl Ether (MTBE) market accounted for the largest share in 2020 and is expected to grow at a robust CAGR during the review period. The Methyl Tertiary Butyl Ether (MTBE) market growth is mainly attributed to rapid urbanization in developing countries of China, India, and ASEAN countries; increasing gasoline demand, and easy availability of MTBE as a cheap feedstock further augments the market growth.
The North American Methyl Tertiary Butyl Ether (MTBE) market held a moderate share in 2020 and is expected to grow at a robust CAGR during the review period. The Methyl Tertiary Butyl Ether (MTBE) market growth is mainly attributed to the expanding automotive and transportation sector. Moreover, the strong refinery sector and petroleum production further bolster the regional market growth.
Research Methodology
- This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s methyl tertiary butyl ether (MTBE) market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The methyl tertiary butyl ether (MTBE) market is segmented into the following categories:
By Type
- Pharmaceutical grade
- Industrial grade
By Application Type
- Gasoline Additive
- Isobutene
- Solvent
- Others
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
