Methyl Tertiary Butyl Ether

1. Methyl Tertiary Butyl Ether (MTBE) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global methyl tertiary butyl ether (MTBE) market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the easy availability of MTBE coupled with the low cost of the compound. MTBEis a flammable liquid that helps in producing an unleaded gasoline for the fuel of the cars. It increases the oxygen and octane level in gasoline and reduces the carbon dioxide emission to avoid air pollution. MTBE is a relatively volatile chemical compound and moderately soluble in water. Therefore, the inhalation of the compound can cause irritation in the nose and throat. The chemical compound is produced with the help of hydrocarbons containing isobutylene. According to Independent Commodity Intelligence Services (ICIS), over 90% of MTBE production is used in gasoline as oxygenating and a booster for octane. MTBE is more preferable than ethanol owing to its transportability and it also provides superior performance. Request Sample link :- https://growthmarketreports.com/request-sample/2048 Market Trends, Drivers, Restraints, and Opportunities Rapid industrialization is expected to drive the market growth. Decreasing emission of diesel due to the utilization of MTBE can accelerate the market growth. The COVID-19 outbreak has reduced consumption of gasoline has declined the demand for MTBE in the market. However, the relaxation in the restrictions amidst the COVID-19 pandemic is expected to spur the growth of the market. Trade barriers in the export and import of MTBE due to government policies can hinder the growth of the market. Rapid growth of the electric vehicle (EV) industry can create challenges for the market growth.     

2.  Increasing number of refineries in emerging economies, such as India and China, is expected to foster the growth of the market in the projected timeline. Technological advancements in the chemical industry can create lucrative opportunities for the market growth.  Market Segment Insights: Gasoline additives segment is expected to accelerate at a rapid pace Based on applications, the market is segregated into gasoline additives, isobutene, solvents, and other applications. The gasoline additives segment is expected to accelerate at a rapid pace during the forecast period owing to rising uses of MTBE in various industries to curb up the air pollution. However, the other applications segment is anticipated to hold a key share of the market in the coming years. Enquiry Link :- https://growthmarketreports.com/enquiry-before-buying/2048 Competitive Landscape Key players competing in the global methyl tertiary butyl ether (MTBE) market are China Petroleum & Chemical Corporation; SABIC; Enterprise Products Partners LP; Evonik Industries AG; and LyondellBasell Industries Holdings BV. In June 2020, ARAMCO, an oil company based in Saudi Arabia, completed the acquisition of 70% stake in Saudi Basic Industries Corporation (SABIC). About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter