Market World United States Methyl Tert-Butyl Ether Market | Page 2

It plays a vital role as an anti-knocking agent as well as oxygenate owing to its ability to enhance the
oxygen content of gasoline. Its widespread usage has also been observed as a solvent particularly in
academic research. It has come up as the most economical alternative to lessen the vehicle
emission level. Owing to the burgeoning demands and prerequisites across varied sectors, the
Methyl Tert-Butyl Ether (MTBE) market has attained huge recognition across the globe.
Factors such as extensive manufacturing of MTBE, augmented usage in gasoline blending, rising
petrochemical applications, burgeoning demands for MTBE, rising prerequisites for cleaner fuels,
robust growth of the vehicular population, and huge consumption of gasoline fostered the overall
Methyl Tert-Butyl Ether (MTBE) industry growth.
Furthermore, the manufacturers adopted strategies ranging from partnerships, acquisitions, to joint
ventures that eventually contributed in the inorganic growth of the market. On account of all the
above aspects, it is projected that the Methyl Tert-Butyl Ether (MTBE) market will register a healthy
CAGR in the upcoming period. However, the factors that has affected the overall Methyl Tert-Butyl
Ether (MTBE) industry growth may entail prohibition on the usage, implementation of strict
government regulations, growing health and environmental issues, and rising concerns over
groundwater pollution. Availability of substitutes like ethanol and Ethyl tert-butyl ether also posed a
major threat to the market growth.
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United States Methyl Tert-Butyl Ether (MTBE) market can be segregated by product type,
application, and geography. The industry is classified by product type as Pharmaceutical Grade,
Industrial grade, and others. United States Methyl Tert-Butyl Ether (MTBE) industry is divided by
application as Gasoline Additive, Isobutene, Medical Intermediate, Methyl methacrylate (MMA),
and others.
The market is segmented by geography as The West, The Middle Atlantic, New England, Southwest,
The South, and The Midwest.The key players contributed in the robust development of the Methyl
Tert-Butyl Ether (MTBE) market are identified as Formosa Plastic Group, NIOC, SABIC, SINOPEC,
LyondellBasell, CNPC, Huntsman, Eni, Dubai Emirate, Gazprom, Exxon Mobil, Pemex, PDVSA,
Apicorp, Shell, and others.