[Online Quarterly Update] Methyl Tertiary Butyl Ether (MTBE) in India grew at a healthy CAGR during 2013-2019 and is projected to exhibit a CAGR around 9.45 per cent during the forecast period. MTBE is a colorless, flammable compound primarily used as a gasoline additive. In gasoline, it is used as an additive for enhancing the octane number for better combustion. Increasing use of MTBE in gasoline blending along with its usage as an intermediate for treating gallstones is expected to spur the demand for MTBE over the coming years. There are three leading manufactures of MTBE in India. The quantity of MTBE produced altogether by these manufacturers is enormous, thus India acts as one of the major exporters of MTBE across the globe. To prosper from this demand and supply scenario, few other players are planning to emerge in the domestic market by FY 2022. Rapid expansion of MTBE production capacity over the coming years is anticipated to boost its supply, further contributing to a growth of the Indian chemical industry. MTBE is manufactured by the reaction of Methanol and Isobutene over a catalyst. Thus, its demand and supply are directly linked to the availability of Methanol in the domestic market. As Methanol is produced in small amounts due to unavailability of Natural Gas, an abundant quantity of Methanol is imported from international market to meet up with the production. Demand for MTBE in India is fueled by the increasing consumption of gasoline in automotive and in machineries for energy generation. Moreover, growing demand for MTBE due to its preference as an intermediate in medical industry for treating gallstones is anticipated to contribute to its market during the next five years.
Years Considered for this Report:
Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
Objective of the Study:
• The primary objective of the study was to evaluate and forecast MTBE capacity, production,
demand, inventory, and demand – supply gap in India.
• To categorize MTBE demand based on end use, region and sales channel.
• To study trade dynamics and company share in India MTBE market.
• To identify major customers of MTBE in India.
• To evaluate and forecast MTBE pricing in India MTBE market.
• To identify and profile major companies operating in India MTBE market.
• To identify major news, deals and expansion plans in India MTBE market.
Report Scope:
In this report, India MTBE market has been segmented into following categories:
Major players operating in India MTBE market include Reliance Industries Limited, Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited and others.
Owing to its growing demand, renowned industries such as Nayara Energy Vadinar and Haldia Petrochemicals are planning to emerge in the domestic market by FY 2022.
As of 2019, export of MTBE increased by 2.3 per cent on y-o-y basis and MTBE prices were assessed at INR XXX per MT on bulk contract basis.
To extract data for India MTBE market, primary research surveys were conducted with MTBE manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India MTBE market over the coming years.
ChemAnalyst calculated MTBE demand in India by analyzing the historical data and demand forecast was carried out considering MTBE end users. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• MTBE manufacturers, suppliers and other stakeholders
• Organizations, forums and alliances related to MTBE distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as MTBE manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
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