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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
MTBE Gasoline Additives Market: By Manufacturing Type, By Application and Geography
MTBE Gasoline Additives Market: By Manufacturing Type, By Application and Geography
MTBE Gasoline Additives Market size was valued at US$ 9.4 billion in 2023 and is poised to grow at significant CAGR of 4.6% over 2024-2030. Based on application, global MTBE gasoline additives is segmented into gasoline additives and others. The gasoline application segment led the MTBE market, in terms of value, in 2016. 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. More than 90% MTBE is used for gasoline blending due to its high consumption in terms of volume. When used in gasoline engines, it enables reduction in the knocking effect that leads to inefficient burning and engine damage. MTBE has been used in gasoline since 1979 due to environmental and health concerns. The use of MTBE as gasoline additive started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). APAC is the largest consumer of MTBE for gasoline blending due to the expanding vehicle fleets and growing urbanization in the region.
MTBE gasoline additive Market was the second-largest market in 2017 and is expected to maintain its dominance during the review period. The presence of a developed automotive industry and major MTBE manufacturing companies are contributing to the growth of the regional market. However, the increasing restrictions on the use of MTBE owing to environmental and health issues are expected to hinder market growth in the region. South America MTBE Gasoline Additive Market countries such as Brazil have a high potential growth in the forecast period owing to the upcoming refinery sector in the region, which requires MTBE as an anti-knocking agent to reduce wear and tear in heavy-duty machinery.
Study Period
2024-2030Base Year
2023CAGR
4.6%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Development and launch of innovative gasoline additives by the market players enables surge in the MTBE gasoline additives market demand over the forecast years. For instance, MTBE is produced in very large quantities (over 200,000 barrels per day in the U.S. in 1999) and is almost exclusively used as a fuel additive in motor gasoline.
Asia Pacific MTBE Gasoline Market is projected to be the fastest-growing market for MTBE. The rising demand for reformulated gasoline is leading to the growth of the MTBE market in APAC. Some of the world's largest MTBE producers, such as Sinopec (China), China National Petroleum Corporation (China), and PETRONAS (Malaysia) are headquartered in the APAC region. APAC is the largest importer of MTBE globally. Due to rapid economic expansion and increase in foreign direct investment in countries, such as China and South Korea, the MTBE market is expected to witness significant growth during the next five years. China led the MTBE market in APAC, accounting for more than half of the demand for MTBE in the region in 2016.It is the largest consumer of MTBE and also has the highest production capacity in the world.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 9.4 billion |
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Market CAGR |
4.6% |
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By Manufacturing Type |
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By Application |
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By Region |
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The global mtbe gasoline additives market size was valued at US$ 9.4 billion in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030.
The MTBE Gasoline Additives Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Asia Pacific is the fastest-growing for MTBE Gasoline Additives Market
| 1.Executive Summary |
| 2.Global MTBE Gasoline Additives Market Introduction |
| 2.1.Global MTBE Gasoline Additives Market - Taxonomy |
| 2.2.Global MTBE Gasoline Additives Market - Definitions |
| 2.2.1.Manufacturing Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global MTBE Gasoline Additives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global MTBE Gasoline Additives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global MTBE Gasoline Additives Market By Manufacturing Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Steam Cracker |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Fluid Liquid Cracker |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hydrogenation |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Hydration |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global MTBE Gasoline Additives Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Gasoline Additives |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Others |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global MTBE Gasoline Additives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America MTBE Gasoline Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Manufacturing Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Steam Cracker |
| 8.1.2.Fluid Liquid Cracker |
| 8.1.3.Hydrogenation |
| 8.1.4.Hydration |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Gasoline Additives |
| 8.2.2.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe MTBE Gasoline Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Manufacturing Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Steam Cracker |
| 9.1.2.Fluid Liquid Cracker |
| 9.1.3.Hydrogenation |
| 9.1.4.Hydration |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Gasoline Additives |
| 9.2.2.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) MTBE Gasoline Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Manufacturing Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Steam Cracker |
| 10.1.2.Fluid Liquid Cracker |
| 10.1.3.Hydrogenation |
| 10.1.4.Hydration |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Gasoline Additives |
| 10.2.2.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) MTBE Gasoline Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Manufacturing Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Steam Cracker |
| 11.1.2.Fluid Liquid Cracker |
| 11.1.3.Hydrogenation |
| 11.1.4.Hydration |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Gasoline Additives |
| 11.2.2.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America MTBE Gasoline Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Manufacturing Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Steam Cracker |
| 12.1.2.Fluid Liquid Cracker |
| 12.1.3.Hydrogenation |
| 12.1.4.Hydration |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Gasoline Additives |
| 12.2.2.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.SABIC (Saudi Arabia) |
| 13.2.2.Evonik (Germany) |
| 13.2.3.China National Petroleum Corporation (China) |
| 13.2.4.Huntsman International (US) |
| 13.2.5.Eni (Italy) |
| 13.2.6.Sinopec (China) |
| 13.2.7.LyondellBasell (Netherlands) |
| 13.2.8.Shell (Netherlands) |
| 13.2.9.Emirates National Oil Company (UAE) |
| 13.2.10.Qafac (Qatar) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.