Growing Demand From APAC Countries – Methyl Tertiary Butyl Ether Market
The Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 billion by 2022 from USD 14.99 billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in emerging economies.
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APAC is the largest market for Methyl Tertiary Butyl Ether (MTBE), in terms of volume, and this trend is expected to continue till 2022. Key countries in the region, such as China, Singapore, South Korea, Malaysia, Taiwan, and Indonesia, among others are witnessing a gradual increase in the use of MTBE in gasoline blending. The growth of the MTBE market can be attributed to the rising demand for reformulated gasoline as it enables reduction in the harmful emissions of carbon. China leads the MTBE market in the APAC, accounting for more than half of the demand for MTBE in the region. Increasing car ownership and the establishment of many new MTBE plants due to growing domestic consumption are driving the demand for MTBE in the country.
Based on the manufacturing process, the fluid liquid cracker segment is expected to lead the MTBE market, as this process is preferred by most MTBE producers and is used in all regions. The fluid liquid cracker process is similar to the steam cracker process, with the only difference being that isobutene is extracted from FCC overheads. In this process, capacity is determined by feed availability. Usually, plants produce in the range of 20,000-70,000 tons per annum. This process is widely used as it is the simplest and the most feasible.
Based on the application, the gasoline segment of the MTBE market is projected to grow at the highest rate during the forecast period. MTBE is extensively used as a gasoline additive to increase the octane rating of the fuel. When used in gasoline engines, it reduces the knocking effect that leads to inefficient burning and engine damage. The use of MTBE as a gasoline additive mainly started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). The cleaner fuel legislations in the Asian and Middle Eastern and African countries are driving the use of MTBE in gasoline.
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