Methyl Tertiary Butyl Ether (MTBE) Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Application (Gasoline Additive, Isobutene, Solvent, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

6 %

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Market Overview

The market for methyl tertiary butyl ether (MTBE) is expected to register a CAGR of above 6%, during the forecast period. The major factors driving the growth of the market studied are the increasing demand for use as an anti-knocking agent and as an octane booster in the fuel for gasoline engines, and growing usage in the production of pure isobutene. On the flipside, 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 major restraints for the market studied.

  • The gasoline additive segment dominated the market and is expected to grow during the forecast period, with numerous new refinery projects likely to commence operations in the coming years.
  • Innovation in bio-based MTBE for gasoline is likely to provide opportunities for the market studied, during the forecast period.

Scope of the Report

The scope of the methyl tertiary butyl ether (MTBE) market report includes:

Application
Gasoline Additive
Isobutene
Solvent
Other Applications (Methyl Methacrylate, Polyisobutylene, Butyl Rubber)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Gasoline Additives Segment to Dominate the Market Demand

  • Methyl tertiary butyl ether (MTBE) is extensively used as a gasoline additive, which is used as an anti-knocking agent and an octane booster in the fuel for gasoline engines. 
  • Lower cost and effectiveness of MTBE makes it the second-largest gasoline additive type, globally.
  • The demand for MTBE in countries, such as China, India, South Korea, Mexico, and Saudi Arabia, has been increasing due to increased demand for gasoline from the automotive industry, which has been leading to an increase in the gasoline production in the aforementioned countries, in order to cater to the rising demand.
  • However, due to the toxic emission concerns, the use of MTBE is banned in various developed countries, including the United States, Canada, Japan, and in parts of Europe.
  • Such 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 concerns in the market studied have led to increased investment by market players into R&D, in order to innovate bio-based MTBE.

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. MTBE demand in the region is majorly driven by the increasing gasoline demand.
  • Furthermore, the widespread availability of MTBE as a cheap feedstock, coupled with being an attractive substitute to aromatics in gasoline, further drives the growth of the MTBE market in the region.
  • Numerous countries, such as India, China, South Korea, and Indonesia, have been witnessing investments into refineries, in order to increase their production capacity.
  • Some of the new investments, planned and under consideration such as Phase 2 Petrochemical Project by S-Oil Corp. at Ulsan, South Korea; a USD 4 billion up-gradation project at Pertamina Balikpapan facility in Indonesia; an ongoing plan of 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.
  • Hence, with the commencement of operations in such refineries, the market is expected to witness robust growth in the demand for MTBE, in the coming years.

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Competitive Landscape

The MTBE market is moderately consolidated, with few players accounting for a significant portion of the market demand. Some of the major players in the market include China Petroleum & Chemical Corporation, SABIC, Reliance Industries Ltd, Evonik Industries AG, and LyondellBasell Industries Holdings BV, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Demand for Use as an Anti-knocking Agent and as an Octane Booster in the Fuel for Gasoline Engines

      2. 4.1.2 Increasing Use in the Production of Pure Isobutene

    2. 4.2 Restraints

      1. 4.2.1 Ethanol Substituting the Use of MTBE

      2. 4.2.2 Classification as a Pollutant and the Consequent Ban of its Use in Gasoline Blending in the United States and Canada

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

      1. 4.5.1 Production Process

      2. 4.5.2 Technology Licensing and Patent Analysis

    6. 4.6 Regulatory Policy Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Gasoline Additive

      2. 5.1.2 Isobutene

      3. 5.1.3 Solvent

      4. 5.1.4 Other Applications (Methyl Methacrylate, Polyisobutylene, Butyl Rubber)

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 China Petroleum & Chemical Corporation

      2. 6.4.2 DMSH

      3. 6.4.3 Eni Company

      4. 6.4.4 ENOC Company

      5. 6.4.5 Enterprise Product Partners LP

      6. 6.4.6 Evonik Industries

      7. 6.4.7 Exxon Mobil Corporation

      8. 6.4.8 Formosa Plastics Corporation

      9. 6.4.9 Gazprom Neft PJSC

      10. 6.4.10 Hunan yuxin chemical Co. Ltd

      11. 6.4.11 Huntsman International LLC

      12. 6.4.12 LyondellBasell Industries Holdings BV

      13. 6.4.13 Panjin Heyun Industrial Group Co. Ltd

      14. 6.4.14 Petroleos Mexicanos (PEMEX)

      15. 6.4.15 Petroliam Nasional Berhad (PETRONAS)

      16. 6.4.16 QAFAC

      17. 6.4.17 Reliance Industries Limited

      18. 6.4.18 SABIC

      19. 6.4.19 SIBUR

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation in Bio-based MTBE for Gasoline

** Subject to Availability

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