Chemicals and Materials Methyl Tertiary Butyl Ether Market

Methyl Tertiary Butyl Ether Market to exceed USD
18.99 Billion by 2022
The Global Methyl Tertiary Butyl Ether (MTBE) Market was valued at USD 14.33 Billion
in 2016 and projected to reach USD 18.99 Billion by 2022, at a CAGR of 4.8% during the
forecast period. The use of MTBE as oxygenate is rising rapidly in Asian and Middle Eastern
& African countries due to environmental restrictions to curb air pollution. Furthermore,
MTBE producers are extensively involved in expansions and acquisitions to secure their
positions in the MTBE market.
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The major opportunity for the market is the expanding petrochemical application of MTBE,
such as the manufacture of high purity isobutylene, highly reactive polyisobutylene, Methyl
Methacrylate (MMA), and some smaller derivatives. These products are growing at rates
above the global GDP. Replacement of MTBE with ethanol and ETBE is a major restraint for
the growth of the market.
Some of the MTBE manufacturers include SABIC (Saudi Arabia), Evonik (Germany), China
National Petroleum Corporation (China), Huntsman International (US), Eni S.p.A (Italy),
Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), Emirates National Oil
Company (UAE), and Qafac (QATAR).
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