The Methyl Tertiary Butyl Ether Market revenues were estimated at US$ 16.5 Bn in 2021 and is anticipated to grow at a CAGR of 4.2% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 25.8 Bn.
The key manufacturing process for Methyl Tertiary Butyl Ether includes Fluid Liquid Cracker where the Demand growth of Methyl Tertiary Butyl Ether through Fluid Liquid Cracker was recorded at 3.5% during 2017 – 2021, while it is expected to grow at CAGR of 4.2% during 2022 –2023.
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Key Takeaways from the Study
- Methyl Tertiary Butyl Ether Market was valued at US$ 16.5 Bn in 2021. According to Fact.MR, Methyl Tertiary Butyl Ether Market revenue would increase 1.6X between 2022 and 2032, reaching roughly US$ 25.8 Bn in 2032.
- In terms of the manufacturing process, Fluid Liquid Cracker is projected to account for the highest projected CAGR of over 4.3%.
- In terms of region, North America accounts for the highest CAGR of 3.9% during 2017-21.
- U.S. is the dominant country in Methyl Tertiary Butyl Ether Market with an absolute dollar growth opportunity of over US$ 3.4 Bn.
The increased need for lucrative products like crude oil, olefinic gases, and gasoline products to address expanding energy and fuel needs is one of the major reasons fueling market expansion. It is also anticipated that the market will grow as a result of increased fuel consumption to satisfy rising demand from the industrial and transportation sectors.
Catalysts are used in this chemical process to convert heavy distillates into lighter ones, producing products like gasoline and diesel, among others. It is projected that these factors would encourage the fluid catalytic cracking industry’s growth. Increased fuel regulations, improved operational effectiveness, selectivity, and a focus on “green” resources are other reasons that are projected to propel the fluid liquid cracking market’s growth pace. In addition, as a result of globalization and the expansion of international economic practices, numerous industries have formed that exploit swiftly depleting resources. As worldwide fuel consumption rises, the market for the use of methyl tertiary butyl ether is expected to grow in order to meet increased demand from the transportation and industrial sectors.
Methyl Tertiary-Butyl Ether Industry Survey by Category
- by Product Type :
- Oxygenate
- Derivative Grade
- by Application :
- Reformulated Gasoline
- Solvents
- Extraction
- Other Applications
- by End-use Industry :
- Oil & Gas
- Polymers
- Chemicals
- Others
- by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Competitive Landscape
Some of the key players in the market include SABIC, Evonik, China National Petroleum Corporation, Huntsman International, Eni S.p.A., Sinopec, LyondellBasell, Shell Chemicals, Emirates National Oil Company, and Qafac.
Some of the recent developments in the Methyl Tertiary Butyl Ether Market are:
- In May 2022, BP, Masdar, Abu Dhabi’s future energy firm, and Abu Dhabi National Oil Company (ADNOC) joined together to create clean hydrogen and technology centers. ADNOC announced the H2Teesside low-carbon hydrogen project with BP had begun the design phase as they announced their new energy alliance Experiences.
- In April 2022, LyondellBasell introduced Circulen, a set of products developed to assist brands in enhancing the long-term sustainability of their products. This announcement is the next step in LyondellBasell’s ambitious plan to create and market two million metric tonnes of recycled and renewable polymers annually by 2030.
- In January 2020, Dragon Oil finished buying BP’s Gulf of Suez assets for US$ 500 million.
Key Companies Profiled
- Wanhua Chemical Group Co. Ltd.
- Huntsman Corporation
- Qatar Fuel Additives Company
- Petrochemical Corporation of Singapore
- Akzo Nobel
- BP Plc
- S.C Carom S.A.
- Evonik Industries AG
- LyondellBasell Industries Holdings B.V.
- Reliance Industries Ltd.
- Petronas Chemicals Group Berhad
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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Trivalent Chromium Finishing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Methyl Tertiary Butyl Ether Market in terms of Manufacturing Processes (Steam Chemicals, Fluid Liquid Cracker, and Other Manufacturing Processes), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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