Methyl tertiary butyl ether (MTBE) is an organic compound with structural formula (CH₃)₃COCH₃. MTBE is widely produced by chemical reactions of methanol and isobutylene. It is primarily used as a blending agent in gasoline.
Growing demand for MTBE from developing economies and from certain developed economies, primarily for gasoline application is a major factor driving growth of the global market. Additionally, rising demand for gasoline across the globe coupled with increasing number of end applications of MTBE are other major factors expected to fuel growth of the target market to a significant extent during the forecast period. But, stringent environmental regulations and ban on use of MTBE in certain developed economies are major factors expected to hamper growth of the global market over the forecast period.
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The global methyl tertiary butyl ether (MTBE) market report has been segmented on the basis of manufacturing process, application, and region. On the basis of region, the global methyl tertiary butyl ether (MTBE) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Methyl Tertiary Butyl Ether (MTBE) market in Asia Pacific accounted for highest share in terms of revenue in the global market and is expected to maintain its dominance over the forecast period. This dominance can be attributed to rising demand for methyl tertiary butyl ether (MTBE) from emerging economies in the region. Also, China is projected to be the leading consumer of MTBE and is a major The market in Asia Pacific is also anticipated to witness significant growth over the forecast period, and is anticipated to register highest CAGR of X.X%. Revenue from the market in Middle East region accounted for second-highest share in the global market and was closely followed by markets in Latin America and Europe. The market in North America is projected to witness limited growth in the global market, owing to ban on the use of MTBE in countries in the region.
Prominent players in the global methyl tertiary butyl ether (MTBE) market include China Petroleum & Chemical Corporation (Sinopec), Emirates National Oil Company (ENOC), Eni S.p.A., Enterprise Products Partners L.P., Evonik Industries AG, Huntsman Corporation, Panjin Hayen Industrial Group Co. Ltd., Petroliam Nasional Berhad (PETRONAS), Reliance Industries Ltd., SABIC, and Zhenhai Refining & Chemical Company.