omkar abhang

Methyl Tertiary-Butyl Ether (MTBE) Market to Observe Strong Development by 2024

Press Release   •   Jan 23, 2018 01:53 EST

The methyl tertiary-butyl ether (MTBE) market in Asia Pacific is presently dominated by key players in China. These include Sinopec Corporation, PetroChina Company Limited, Shandong Yuhuang Chemical (Group) Co., Ltd., Zibo Qixiang Petrochemical Group Ltd., and Heilongjiang Anruijia Petrochemical Co., Ltd.

Read Report Overview @

https://www.transparencymarketresearch.com/asia-pacific-methyl-tertiary-butyl-ether-market.html

Transparency Market Research has noted that China, one of the largest producers as well as consumers of MTBE in the world, has been primarily focused on business and production expansions in order to retain its lead in the APAC market. For instance, Wanhua Chemical Group Co. Ltd.’s MTBE plant in Shangdong and Huntsman Corp. and Sinopec Jinling’s plant in Nanjing are two promising ventures to look forward to in 2016.Other leading companies in the APAC methyl tertiary-butyl ether market include Evonik Industries AG, PETRONAS, LyondellBasell Industries Holdings B.V., and Reliance Industries Limited.

The MTBE market in Asia Pacific was valued at US$6.7 bn in 2015 and is anticipated to reach US$10.9 bn by 2026, expanding at a CAGR of 4.6% therein.

The gasoline additive segment of the MTBE market accounted for a whopping 93.11% share in the APAC market in 2015, emerging as the clear leader. An increase in the demand for gasoline additives in ASEAN countries and China is expected to propel the demand for methyl tertiary-butyl ether in this segment. Gasoline additives is also projected to register significant growth over the course of the forecast period, exhibiting a CAGR of over 4.0% in terms of both revenue and volume.

Accounting for an 81.9% share in the APAC MTBE market in 2015, China is forecast to continue its dominance through 2024, presenting lucrative investment opportunities to market players. Registering a 4.7% CAGR during the forecast period, China is also projected to exhibit the fastest growth in the methyl tertiary-butyl ether in Asia Pacific.

A key factor driving gasoline blending across the Asia Pacific region, and therefore the MTBE market, is the declining prices of raw material as well as final products. This can be primarily attributed to China.

“China is one of the major methanol producers in the world and the country is likely to account for nearly 50% of the global methanol production in the next few years,” the author of the study finds. The total methanol production in China is estimated to reach nearly 51 million tons in 2016, a trend that will potentially check the prices of downstream products, including MTBE, in the near future.

“The automotive industry in the ASEAN sub-region has been witnessing an upward trend in the last few years, with the number of total vehicles in major countries rising from around 130 million in 2015 to 200 million by 2025,” the lead analyst states. The significant growth of the automotive sector is likely to propel the demand for gasoline additives, thereby supporting the MTBE market during the forecast period.

Request to view Sample Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15956

In contrast, the availability of a wide range of petroleum-based and non-petroleum-based substitutes and the hazardous environmental effects of methyl tertiary-butyl ether pose significant challenges to the MTBE market in Asia Pacific.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com