Methyl Tertiary Butyl Ether Market is anticipated to observe a higher CAGR at a 5% through 2018 to 2023

Market Overview: The Global Methyl Tertiary Butyl Ether (MTBE) Market is expected to grow at a 5% CAGR through 2018 to 2023.
MTBE is widely produced in refinery-based plants, however, significant capital is required for the same. The production of MTBE is also subject to legal and regulatory barriers across the globe owing to health and environmental issues. The major application of MTBE is as a gasoline additive across the globe. MTBE is an organic compound that is highly flammable and volatile. It is manufactured by a chemical reaction of methanol with isobutylene. MTBE contains oxygen which, when added to gasoline, enhances the octane rating and helps in reducing emissions. MTBE also offers efficient blending properties and helps in the reducing the formation of benzene and formaldehyde in gasoline. Methyl Tertiary Butyl Ether (MTBE) Market growth is driven by increasing product demand in the automotive industry as MTBE reduces vehicle emissions and the knocking of engines, thereby, increasing the shelf life of vehicles.
Regional Analysis: Geographically, the market has been segmented into Latin America, Europe, Asia-Pacific, North America, and the Middle East & Africa.
The Asia-Pacific was the leading regional methyl tertiary butyl ether (MTBE) market in 2017. The growing adoption of the product in the automotive industry owing to its emission reduction and anti-knocking properties is projected to boost market growth in this region.
North America and Europe are expected to be the other major markets for MTBE during the forecast period. The presence of a developed petrochemicals sector coupled with the growing demand for MTBE as a gasoline additive is projected to drive the growth of these markets.
Key Global Competitors: The key players in the Global Methyl Tertiary Butyl Ether (MTBE) Market are; Emirates National Oil Company (UAE), QAFAC (Qatar), Gazprom (Russia), Evonik Industries (Germany), Reliance Industries Limited (India), Sabic (Saudi Arabia), Royal Dutch Shell (Netherlands), China National Petroleum Corporation (China), Huntsman International (US), ENI (Italy), LyondellBasell (Netherlands), and Shandong Dongming Petrochemical Group (China).
Segmentation: The Global Methyl Tertiary Butyl Ether (MTBE) Market has been segmented by manufacturing process, and application.
By manufacturing process, the market has been segmented into steam cracker, fluid liquid cracker, dehydrogenation, and dehydration. Fluid liquid cracker was the largest segment in 2017 and is expected to remain so during the forecast period. The manufacturing process of MTBE is complex and requires significant capital investment. Therefore, the fluid liquid cracker process is used as it is a refinery-based production process that requires comparatively less capital. This manufacturing process is similar to the steam cracker process but is simpler and more economical. The fluid liquid cracker process is extensively used in Asia-Pacific owing to the rising refining capacity in the region, especially in India and China.
By application, the market has been classified as gasoline additive and others. According to MRFR analysis, gasoline additive was the leading segment in 2017 and is projected to show the same trend during the forecast period. The use of MTBE in engines substantially reduces engine damage caused by the insufficient burning of gasoline. Furthermore, MTBE helps in the reduction of emissions from vehicles.
Get Sample Copy Of Report At:
https://www.marketresearchfuture.com/sample_request/6255