Market Size of Methyl Tertiary Butyl Ether (MTBE) Industry
| 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.
