Methyl Tertiary Butyl Ether (MTBE) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
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*Disclaimer: Major Players sorted in no particular order |
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Methyl Tertiary Butyl Ether (MTBE) Market Analysis
The methyl tertiary butyl ether (MTBE) market is expected to register a CAGR greater than 6% during the forecast period.
The market was negatively affected due to COVID-19 in 2020, with production halts and supply disruptions, thus affecting market growth. However, the condition started to recover in 2021, and the market is expected to grow during the forecast period.
- Over the mid-term, the significant factors driving the growth of the market studied are the increasing demand for MTBE as an anti-knocking agent and as an octane booster in fuel for gasoline engines and growing use in the production of pure isobutene.
- On the flip side, ethanol substituting the use of MTBE as an oxygenate additive to reduce the toxicity of exhaust emissions and its classification as a pollutant and consequent ban of its use in gasoline blending in the United States and Canada serve as significant problems for the market studied.
- Innovation in bio-based MTBE for gasoline will likely provide opportunities for the market studied during the forecast period.
- Asia-Pacific is likely to dominate the market over the forecast period.
Methyl Tertiary Butyl Ether (MTBE) Market Trends
This section covers the major market trends shaping the Methyl Tertiary Butyl Ether (MTBE) Market according to our research experts:
Gasoline Additives Segment to Dominate the Market
- Methyl tertiary butyl ether (MTBE) is extensively used as an anti-knocking agent and an octane booster in the fuel for gasoline engines.
- MTBE's lower cost and effectiveness make it the second-largest gasoline additive type globally. Besides this, MTBE represents an affordable substitute for toxic fuel components, such as olefins, lead, benzene, and sulfur.
- According to U.S Energy Information Administration (EIA), the consumption of gasoline is estimated to be 99 million barrels per day globally in January 2022, an increase of 6.6 million barrels per day from January 2021.
- The total gasoline consumption in 2021 was 23,238 thousand barrels per day.
- The EIA also forecasts that global gasoline consumption will average 100.6 million barrels per day throughout 2022, up by 3.5 million barrels per day from 2021.
- The demand for MTBE has been increasing due to the increased demand for gasoline from the automotive industry. According to the OICA data, global automotive production increased by around 10%. In 2021, the total output was 80.14 million, 3% more than in 2020.
- Furthermore, stringent regulations and the presence of comparatively less toxic and/or eco-friendly substitutes have been affecting the growth of the MTBE market globally.
- Hence, the aforementioned factors, in turn, are projected to impact the market growth in the coming years.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominated the global market share. The increasing gasoline demand majorly drives MTBE demand in the region.
- The widespread availability of MTBE as a cheap feedstock, coupled with being an attractive substitute for aromatics in gasoline, further drives the growth of the MTBE market in the region.
- Many countries, such as India, China, South Korea, and Indonesia, have been investing in refineries to increase their production capacity.
- India consumed around 4.65 million barrels of petroleum and other liquid fuel per day in 2021, while China consumed around 15.25 million barrels per day in 2021, while the global consumption of petroleum and liquid fuel was 97.07 million barrels per day.
- The total gasoline consumption in India was 627 thousand barrels/day in the year 2021 while in China it was 3,222 thousand barrels/day.
- Some of the new investments planned and under consideration are the Phase 2 Petrochemical Project by S-Oil Corp. at Ulsan, South Korea, and a USD 4 billion upgradation project at the Pertamina Balikpapan facility in Indonesia.
- In India, Nayara Energy is setting up an expansion project of a 20,00,000-tonne MTBE plant in Vadinar Gujarat, which is targeted to be completed by 2022-end.
- Furthermore, an ongoing plan between Saudi Arabia and India regarding the probable USD 44 billion joint venture for the West Coast Refinery and Petrochemical Project in Maharashtra, India, and Saudi Aramco's investment plan in a refinery-petrochemical project in Zhejiang province, China, will boost the market studied.
- Hence, with the commencement of operations in such refineries, the market is expected to witness robust growth in the coming years.
Methyl Tertiary Butyl Ether (MTBE) Industry Overview
The MTBE market is semi-consolidated, with a few players accounting for a significant portion of the market demand. Some of the major players in the market include SABIC, Enterprise Products Partners L.P., Evonik Industries AG, LyondellBasell Industries Holdings B.V., and CNPC (not in any particular order).
Methyl Tertiary Butyl Ether (MTBE) Market Leaders
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SABIC
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Enterprise Products Partners L.P.
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LyondellBasell Industries Holdings B.V.
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CNPC
*Disclaimer: Major Players sorted in no particular order
Methyl Tertiary Butyl Ether (MTBE) Market News
- In October 2022, Reliance Industries Ltd. got a nod from the Expert Appraisal Committee under the Ministry of Environment, Forests, and Climate Change to expand the operations of its Hazira Manufacturing Division (HMD) in Gujarat. The company aims to expand the production capacities of various plants including the MTBE plant.
- In January 2022, LUKOIL gave the license to Lummus technology for its new integrated plant for manufacturing methyl tertiary butyl ether (MTBE) in Perm, Russia. Lummus' CDEtherol technology will be used in the manufacturing of MTBE.
Methyl Tertiary Butyl Ether (MTBE) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Demand for Use as an Anti-knocking Agent and as an Octane Booster in Fuel for Gasoline Engines
4.1.2 Increasing Use in the Production of Pure Isobutene
4.2 Restraints
4.2.1 Availability of Substitutes
4.2.2 Classification as Pollutant and Consequent Ban of Use in Gasoline Blending in the United States and Canada
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.6 Regulatory Policy Analysis
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Application
5.1.1 Gasoline Additives
5.1.2 Isobutene
5.1.3 Solvents
5.1.4 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 CNPC
6.4.2 Eni S.p.A
6.4.3 ENOC Company
6.4.4 Enterprise Product Partners L.P.
6.4.5 Evonik Industries AG.
6.4.6 Formosa Plastics Corporation, U.S.A.
6.4.7 Gazprom Neft PJSC
6.4.8 LUKOIL
6.4.9 LyondellBasell Industries Holdings B.V.
6.4.10 QAFAC
6.4.11 Reliance Industries Ltd.
6.4.12 SABIC
6.4.13 SIBUR International GmbH
6.4.14 Vinati Organics Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovation in Bio-based MTBE for Gasoline
Methyl Tertiary Butyl Ether (MTBE) Industry Segmentation
Methyl tertiary butyl ether (MTBE) is a volatile, flammable, and colorless liquid sparingly soluble in water. The methyl tertiary butyl ether market is segmented by application and geography. By application, the market is segmented into gasoline additives, isobutene, solvents, and other applications. The report also covers the market size and forecasts for the methyl tertiary butyl ether market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kiloton).
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| Gasoline Additives | |
| Isobutene | |
| Solvents | |
| Other Applications |
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Methyl Tertiary Butyl Ether (MTBE) Market Research FAQs
What is the current Methyl Tertiary Butyl Ether (MTBE) Market size?
The Methyl Tertiary Butyl Ether (MTBE) Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Methyl Tertiary Butyl Ether (MTBE) Market?
SABIC , Enterprise Products Partners L.P., LyondellBasell Industries Holdings B.V. and CNPC are the major companies operating in the Methyl Tertiary Butyl Ether (MTBE) Market.
Which is the fastest growing region in Methyl Tertiary Butyl Ether (MTBE) Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Methyl Tertiary Butyl Ether (MTBE) Market?
In 2024, the Asia-Pacific accounts for the largest market share in Methyl Tertiary Butyl Ether (MTBE) Market.
What years does this Methyl Tertiary Butyl Ether (MTBE) Market cover?
The report covers the Methyl Tertiary Butyl Ether (MTBE) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Methyl Tertiary Butyl Ether (MTBE) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Methyl Tertiary Butyl Ether Industry Report
Statistics for the 2024 Methyl Tertiary Butyl Ether market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Methyl Tertiary Butyl Ether analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
