Methyl Tertiary Butyl Ether Market worth 18.99 Billion USD by 2022

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The Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 Billion by 2022 from an estimated USD 14.99 Billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in the emerging economies.

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Methyl Tertiary Butyl Ether Market worth 18.99 Billion USD by 2022 :

Methyl Tertiary Butyl Ether Market worth 18.99 Billion USD by 2022 View Full Report : https://www.marketsandmarkets.com/Market-Reports/methyl-tertiary-butyl-ether-market-12328028.html The report  " Methyl Tertiary Butyl Ether Market  by Manufacturing Process, (Steam Cracker, Fluid Liquid Cracker), Application (Gasoline), and Region (North America, Europe, APAC, Latin America, Middle East & Africa) - Global Forecast to 2022" , The Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 Billion by 2022 from an estimated USD 14.99 Billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in the emerging economies .

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Introduction Increase in use of gasoline is expected to drive the MTBE market. The gasoline application segment led the MTBE market, in terms of value. This can be attributed to the high demand for gasoline from APAC, Middle East & Africa, and Latin American countries such as China, Saudi Arabia, and Mexico. The MTBE market has witnessed several changes in the past few decades. The use of MTBE as oxygenate has been completely banned in the US after 2006 due to the contamination of groundwater. MTBE, as oxygenate, is being replaced by Ethanol and ETBE in Japan, Brazil, and some Western European countries due to certain environmental and legal regulations. The CAGR of other applications of MTBE, such as high purity isobutene and medical intermediates is increasing at rates well above global GDP . View Full Report : https://www.marketsandmarkets.com/Market-Reports/methyl-tertiary-butyl-ether-market-12328028.html

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Some of the leading producers of MTBE are SABIC (Saudi Arabia), Evonik (Germany), China National Petroleum Corporation (China), Huntsman International (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), Emirates National Oil Company (UAE), and Qafac (QATAR). These players adopted various organic and inorganic developmental strategies between 2013 and 2017. Key Participants View Full Report : https://www.marketsandmarkets.com/Market-Reports/methyl-tertiary-butyl-ether-market-12328028.html Speak with Analyst

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In terms of volume, the APAC region MTBE market is projected to grow at the highest CAGR between 2017 and 2022, due to the increased demand for gasoline in the region. This is a result of rapid economic expansion and increase in foreign direct investment in countries, such as China and South Korea, the MTBE market is expected to grow significantly during the next five years. Most of the countries in the APAC region are emerging and cannot afford costly oxygenates, such as Ethanol and ETBE, due to which there are no restrictions on blending MTBE with gasoline in the region. On The Basis Of Region : Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/methyl-tertiary-butyl-ether-market-12328028.html

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