Albany, NY -- (SBWIRE) -- 09/05/2018 -- Asia Pacific Methyl Tertiary-Butyl Ether (MTBE) Market: Snapshot
Methyl tertiary-butyl ether (MTBE) is one of the leading gasoline additives worldwide. Ease of blending, reasonable pricing, and high octane level make MTBE a key oxygenate and ideal substitute for lead.
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In terms of volume, the MTBE market in Asia Pacific is projected to expand by 50% from 2016 to 2026. The revenue growth is also expected to remain positive during the same period. However, significant expansions in the region in the next few years are likely to affect the market dynamics in terms of price rise, keeping it minimal during the forecast period.
China, Singapore, Malaysia, South Korea, and Taiwan are some of the prominent producers of MTBE in Asia Pacific, while China, South Korea, Singapore, and Malaysia are among the key consumers of methyl tertiary-butyl ether, especially as a gasoline additive.
The MTBE market in Asia Pacific was valued at US$6.7 bn in 2015 and is anticipated to reach US$10.9 bn by 2026, expanding at a CAGR of 4.6% therein.
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Rising Demand for Gasoline Additives Driving Demand for MTBE
Methyl tertiary-butyl ether finds application in gasoline, isobutene production, solvents and extractants, and others such as methyl methacrylate. In 2015, the gasoline segment accounted for the major share in the MTBE market in Asia Pacific, followed by isobutene.
MTBE is used as an additive (octane booster) in gasoline and petrol. A rise in the demand for oxygenates and octane boosters in Asia Pacific is anticipated to boost the demand for methyl tertiary-butyl ether in the gasoline segment. Rapid growth of the gasoline segment is also attributed to the development of the automotive industry.