Methyl Tertiary-Butyl Ether (MTBE) Market - Asia Pacific Industry Analysis 2016 - 2026

Transparency Market Research

ALBANY, New York, October 19, 2016 /PRNewswire/ --

The methyl tertiary-butyl ether (MTBE) market in Asia Pacific is presently dominated by key players in China. These include Sinopec Corporation, PetroChina Company Limited, Shandong Yuhuang Chemical (Group) Co., Ltd., Zibo Qixiang Petrochemical Group Ltd., and Heilongjiang Anruijia Petrochemical Co., Ltd.

Transparency Market Research has noted that China, one of the largest producers as well as consumers of MTBE in the world, has been primarily focused on business and production expansions in order to retain its lead in the APAC market. For instance, Wanhua Chemical Group Co. Ltd.'s MTBE plant in Shangdong and Huntsman Corp. and Sinopec Jinling's plant in Nanjing are two promising ventures to look forward to in 2016. Other leading companies in the APAC methyl tertiary-butyl ether market include Evonik Industries AG, PETRONAS, LyondellBasell Industries Holdings B.V., and Reliance Industries Limited.

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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China's 81.9% Share in APAC MTBE Market a Key Growth Booster 

The gasoline additive segment of the MTBE market accounted for a whopping 93.11% share in the APAC market in 2015, emerging as the clear leader. An increase in the demand for gasoline additives in ASEAN countries and China is expected to propel the demand for methyl tertiary-butyl ether in this segment. Gasoline additives are also projected to register significant growth over the course of the forecast period, exhibiting a CAGR of over 4.0% in terms of both revenue and volume.

Accounting for an 81.9% share in the APAC MTBE market in 2015, China is forecast to continue its dominance through 2024, presenting lucrative investment opportunities to market players. Registering a 4.7% CAGR during the forecast period, China is also projected to exhibit the fastest growth in the methyl tertiary-butyl ether in Asia Pacific.

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The ASEAN sub-region is also likely to present a rather lucrative scenario, owing to a rise in the demand for gasoline additives.