Key Strategies Adopted by Leading Players in the Global Methyl Tertiary Butyl Ether Market

Methyl Tertiary Butyl Ether (MTBE) is extensively used in gasoline, as it enables reduction in the knocking effect that leads to inefficient burning and engine damage in gasoline engines.

Download the PDF Brochure to know more @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12328028

Major companies offering MTBE are majorly involved in expansions and acquisitions to strengthen their positions in the MTBE market. These market players have adopted expansions as their major strategy to expand their global reach. Some companies concentrated more on the agreements and joint ventures strategy.

Prominent players majorly adopted the expansions strategy to enhance their customer network in the MTBE market. For instance, in July 2015, Evonik Industries (Germany) expanded its C-4 output at Antwerp and Marl (Germany) to increase the output of MTBE. This helped the company to improve its market position and support its plans for an increase in customers. In July 2016, Eni S.p.A (Italy) expanded its MTBE production plant in Ravenna for a 50% capacity expansion during maintenance in August. The Ravenna site on the Adriatic coast, between Venice and San Marino, can produce either Methyl Tertiary Butyl Ether (MTBE) or Ethyl Tertiary Butyl Ether (ETBE) and is currently geared to manufacture the former. The plant has a capacity of 140,000 tons, and a 50% increase would lift this to around 210,000 tons. This is expected to help the company meet the increased demand for MTBE.

Major MTBE producers are SABIC (Saudi Arabia), Evonik Industries (Germany), CNPC (China), Huntsman (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), ENOC (UAE), and Qafac (Qatar). SABIC (Saudi Arabia) and LyondellBasell (Netherlands) are the most active players in the MTBE market. These companies adopted various strategies to enhance their market shares in the global MTBE market between 2017 and 2022.

SABIC (Saudi Arabia) develops, manufactures, sells, and markets MTBE for gasoline blending, and is the largest MTBE producer in the world. The company has adopted acquisitions as a major growth strategy to enhance its regional presence. For instance, SABIC entered into an agreement with Shell for a 50% stake in its Sadaf Chemicals. This acquisition is expected to cater to the interests of both the companies in the future and further optimize operations at Sadaf.

LyondellBasell (Netherlands) manufactures, sells, and markets MTBE for gasoline blending. It is one of the major players that have established a strong foothold in the MTBE market and is the second-largest MTBE producer in the world. The company is focused on expansions as its key growth strategy to meet the growing demand from customers. In 2017, the company announced its decision to build the world’s largest Propylene Oxide (PO) and Tertiary Butyl Alcohol (TBA) plant in the Houston area. The project is estimated to cost approximately USD 2.4 billion. TBA will be converted to two ether-based oxyfuels, MTBE and ETBE. 

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Growing Demand From APAC Countries- Methyl Tertiary Butyl Ether Market

The Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 billion by 2022 from USD 14.99 billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in emerging economies.

Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12328028

APAC is the largest market for Methyl Tertiary Butyl Ether (MTBE), in terms of volume, and this trend is expected to continue till 2022. Key countries in the region, such as China, Singapore, South Korea, Malaysia, Taiwan, and Indonesia, among others are witnessing a gradual increase in the use of MTBE in gasoline blending. The growth of the MTBE market can be attributed to the rising demand for reformulated gasoline as it enables reduction in the harmful emissions of carbon. China leads the MTBE market in the APAC, accounting for more than half of the demand for MTBE in the region. Increasing car ownership and the establishment of many new MTBE plants due to growing domestic consumption are driving the demand for MTBE in the country.

Based on manufacturing process, the fluid liquid cracker segment is expected to lead the MTBE market, as this process is preferred by most MTBE producers and is used in all regions. The fluid liquid cracker process is similar to the steam cracker process, with the only difference being that isobutene is extracted from FCC overheads. In this process, capacity is determined by the feed availability. Usually, plants produce in the range of 20,000-70,000 tons per annum. This process is widely used as it is the simplest and the most feasible.

Based on application, the gasoline segment of the MTBE market is projected to grow at the highest rate during the forecast period. MTBE is extensively used as a gasoline additive to increase the octane rating of the fuel. When used in gasoline engines, it reduces the knocking effect that leads to inefficient burning and engine damage. The use of MTBE as a gasoline additive mainly started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). The cleaner fuel legislations in the Asian and Middle Eastern and African countries are driving the use of MTBE in gasoline.

Methyl Tertiary Butyl Ether Market- Global Forecast 2022

Agreements, acquisitions & joint ventures, and expansions are the key strategies adopted by leading players in the global MTBE market

Methyl Tertiary Butyl Ether (MTBE) is extensively used in gasoline, as it enables reduction in the knocking effect that leads to inefficient burning and engine damage in gasoline engines. The demand for MTBE is increasing significantly due to the increasing consumption of gasoline as a result of growing vehicle fleets in emerging economies. In terms of value, the MTBE market is projected to reach USD 18.99 billion by 2022 from an estimated USD 14.99 billion in 2017, at a CAGR of 4.8% from 2017 to 2022.

Request for free sample Report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=12328028

Prominent players majorly adopted the expansions strategy to enhance their customer network in the MTBE market. For instance, in July 2015, Evonik Industries (Germany) expanded its C-4 output at Antwerp and Marl (Germany) to increase the output of MTBE. This helped the company to improve its market position and support its plans for an increase in customers. In July 2016, Eni S.p.A (Italy) expanded its MTBE production plant in Ravenna for a 50% capacity expansion during maintenance in August. The Ravenna site on the Adriatic coast, between Venice and San Marino, can produce either Methyl Tertiary Butyl Ether (MTBE) or Ethyl Tertiary Butyl Ether (ETBE) and is currently geared to manufacture the former. The plant has a capacity of 140,000 tons, and a 50% increase would lift this to around 210,000 tons. This is expected to help the company meet the increased demand for MTBE.

Major MTBE producers are SABIC (Saudi Arabia), Evonik Industries (Germany), CNPC (China), Huntsman (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), ENOC (UAE), and Qafac (Qatar). SABIC (Saudi Arabia) and LyondellBasell (Netherlands) are the most active players in the MTBE market. These companies adopted various strategies to enhance their market shares in the global MTBE market between 2017 and 2022.

Major companies offering MTBE are majorly involved in expansions and acquisitions to strengthen their positions in the MTBE market. These market players have adopted expansions as their major strategy to expand their global reach. Some companies concentrated more on the agreements and joint ventures strategy between 2013 and 2017.

Don’t miss out on business opportunities in Methyl Tertiary Butyl Ether (MTBE). Speak to our analyst and gain crucial industry insights that will help your business grow.