Global Methyl Tertiary Butyl Ether (MTBE) Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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.
Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
China Petroleum & Chemical Corporation, DMSH, Eni Company, ENOC Company, Enterprise Product Partners LP, Evonik Industries, Exxon Mobil Corporation, Formosa Plastics Corporation, Gazprom Neft PJSC, Hunan yuxin chemical Co. Ltd, Huntsman International LLC, LyondellBasell Industries Holdings BV, Panjin Heyun Industrial Group Co. Ltd, Petroleos Mexicanos (PEMEX), Petroliam Nasional Berhad (PETRONAS), QAFAC, Reliance Industries Limited, SABIC, SIBUR
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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Asia Pacific is the Fastest Growing Market
Beauty and personal care industry in the Asia Pacific is witnessing tremendous growth, attributable to an increasing number of beauty conscious consumers particularly in countries like China, Japan, Thailand, and South Korea. Hair care regime is an important aspect of their everyday life. For example, the Chinese population considers Methyl Tertiary Butyl Ether (MTBE)s as an essential hair care product, which is particularly intended to keep the moisture balance of the hair. Also, in China, demand for anti-hair fall Methyl Tertiary Butyl Ether (MTBE) is growing at the fastest growth rate mainly attributable to high-pressure life and increasing pollution levels. Furthermore, rapid adoption of 2-in1 Methyl Tertiary Butyl Ether (MTBE)s and conditioners intended to clear the scalp and make hair soft and silky, across the Asia Pacific region is also expected to fuel the overall market in the near future.
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Major points covered in this research are:-
─Methyl Tertiary Butyl Ether (MTBE) Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2025), Competition by Manufacturers
─Global Market Size (Value) of Methyl Tertiary Butyl Ether (MTBE) (2019-2025)
─Global Methyl Tertiary Butyl Ether (MTBE) Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2019-2015)
─Global Methyl Tertiary Butyl Ether (MTBE) Production, Revenue (Value), Price Trend by Type
─Global Methyl Tertiary Butyl Ether (MTBE) Market Analysis by Application
─Global Methyl Tertiary Butyl Ether (MTBE) Manufacturers Profiles/Analysis
─Methyl Tertiary Butyl Ether (MTBE) Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Methyl Tertiary Butyl Ether (MTBE) Market Forecast (2019-2025)
─Research Findings and Conclusion
Finally, this Methyl Tertiary Butyl Ether (MTBE) report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Methyl Tertiary Butyl Ether (MTBE) product development and gives an outline of the potential Global market.
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