Global Methyl Tertiary Butyl Ether (MTBE) Market to Reach 19.2 Million Tons by 2017, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Methyl Tertiary Butyl Ether (MTBE) market. The global market for Methyl Tertiary Butyl Ether is projected to reach 19.2 million tons by the year 2017, driven primarily by the increased demand from developing countries such as Asia, particularly China, Middle East, and Latin America. Increasing automobile ownership in these countries and use of MTBE as an additive to improve quality of gasoline is expected to fuel consumption of MTBE.
San Jose, California (PRWEB) November 16, 2011
Follow us on LinkedIn – Though MTBE was considered the primary choice of additive for use in gasoline owing to its high octane value, easy incorporation in gasoline stock, and cost-effective characteristics during the 1970s, the harmful environmental impact of MTBE and the subsequent ban on its usage during the 1990s led to a fall in the overall consumption. Methyl Tertiary Butyl Ether demand on a global scale has been dwindling as a result of North America completely migrating towards ethanol and Europe transitioning towards ETBE. Few Asian countries have also begun phasing out MTBE usage. MTBE is still being used in several Asian, Latin American, Middle Eastern countries where government regulations are yet to be implemented on the same level as that of North America and Europe. In these developing countries, the focus is currently more on economic development and less on environmental pollution, which allows the use of MTBE.
Although the shift from MTBE to ETBE and other products is more prominent in developed nations such as the US, Japan and Western European countries, regions such as Eastern Europe and Asia are witnessing an increase in MTBE capacity. Asia-Pacific region in particular offers enormous growth opportunities for the MTBE market. The demand for MTBE is expected to grow particularly in northeast Asia, Indian subcontinent, the Middle East, and Eastern Europe. Middle East and Asian markets, especially China, are witnessing an increase in MTBE consumption. The US continues to produce MTBE, although most of it is for export purposes. Following the phase out of MTBE in the US and other regions of the world, about 25% of the global capacity was forced to shut down or get converted into another gasoline blend stock, primarily ETBE for European market, and isooctane for the US market.
As stated by the new market research report on Methyl Tertiary Butyl Ether, China continues to remain the largest as well as the fastest growing regional market. The domestic production capacity of MTBE is expected to grow rapidly driven by increasing demand for gasoline blending. In 2010, the MTBE capacity surged driven by government efforts to promote GB III gasoline across China and the increased consumption of high octane value gasoline. Increasing demand from the automotive sector is driving consumption of MTBE in China. In particular, the consumption of premium gasoline is witnessing strong growth, in view of the rising numbers of privately-owned cars. As a result, gas blending market is gaining prominence, in turn contributing to the increased demand for MTBE Ã¢“ a vital blend stock used for enhancing octane number of gasoline. The need to address air pollution concerns is driving China to focus on improving the quality of gasoline, thereby fuelling demand for MTBE. The lucrative domestic scenario is attracting numerous Middle Eastern companies into the Chinese market. Several of these Middle Eastern players are shifting focus away from Europe to China, attracted by the increasing prices of MTBE, leading to tight supply scenario and strong pricing in the European market.
Major players in the marketplace include LyondellBasell Industries, Enterprise Products Partners L.P., Saudi Basic Industries Corporation, Saudi Arabia Petrochemical Company, SINOPEC Hainan Refining & Chemical Co. Ltd., and TPC Group.
The research report titled “Methyl Tertiary Butyl Ether (MTBE): A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (Thousand Tons) across geographic markets such as Europe, China, Middle East, and Rest of World.
For more details about this comprehensive market research report, please visit Ã¢“ http://www.strategyr.com/Methyl_Tert_Butyl_Ether_MTBE_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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