The India Methyl Tert-Butyl Ether (MTBE) market is anticipated to grow at a steady CAGR of 5.69% by FY2030. Increasing the use of MTBE in gasoline blending to increase fuel efficacy is expected to spur the demand for MTBE over the coming years in India.
Methyl tert-butyl ether or Methyl tertiary-butyl ether (MTBE) is an organic compound with the chemical formula (CH3)3COCH3. MTBE is a flammable, volatile, and colorless liquid that is sparingly soluble in water. MTBE is manufactured by the reaction of Methanol and Isobutene over a catalyst. Hence, 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 the unavailability of Natural Gas, an abundant quantity of Methanol is imported from the international market to meet up with the production in India. Demand for MTBE in India is mainly due to the growing consumption of gasoline in automotive and in machinery for generating electricity.
The rising demand for Methyl Tert-Butyl Ether (MTBE) in the petroleum sector, which is used as an additive for enhancing the octane number of gasoline for better combustion is primarily driving the MTBE market. Methyl t-butyl ether has been employed as a cholesterol-lowering medication to dissolve gallstones, which is another market-driving factor of MTBE. Moreover, high-purity polyisobutylene, extremely reactive polyisobutylene, methyl methacrylate (MMA), and a few other minor derivatives can be produced using MTBE, thus creating a bigger demand for MTBE across the nation.
Based on region, the Indian Methyl Tert-Butyl Ether (MTBE) Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. West India has been the frontrunner in the consumption of Methyl Tert-Butyl Ether (MTBE) for a variety of uses due to the presence of significant industries and ease of shipping with the allocation of shipping ports in states like Gujarat and Maharashtra.
Based on end-use, the India Methyl Tert-Butyl Ether (MTBE) market is segregated into Gasoline Blending, Chemical Intermediates, Medical, and Others. Gasoline Blending is dominating the MTBE market with an estimated market share of 75% in FY2022. The automobile industry uses MTBE in industrial engines to facilitate the complete combustion of the fuel, which reduces engine knocking and elongates the service life of the machinery.
Major players in the India Methyl Tert-Butyl Ether (MTBE) market are Nayara Energy, Reliance Industries, Bharat Petroleum Corporation Ltd, and Indian Oil Corporation Ltd. Global players include SABIC, ENOC Company, Enterprise Products Partners L.P., Evonik Industries AG, Formosa Plastics Corporation, Huntsman Corporation and others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2030
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Objective of the Study:
• To assess the demand-supply scenario of Methyl Tert-Butyl Ether (MTBE) which covers production, demand and supply of Methyl Tert-Butyl Ether (MTBE) market in India.
• To analyse and forecast the market size of Methyl Tert-Butyl Ether (MTBE) in India.
• To classify and forecast India Methyl Tert-Butyl Ether (MTBE) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Methyl Tert-Butyl Ether (MTBE) market in India.
To extract data for India Methyl Tert-Butyl Ether (MTBE) market, primary research surveys were conducted with Methyl Tert-Butyl Ether (MTBE) manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for India Methyl Tert-Butyl Ether (MTBE) market over the coming years.
ChemAnalyst calculated Methyl Tert-Butyl Ether (MTBE) demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Methyl Tert-Butyl Ether (MTBE) 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:
• Methyl Tert-Butyl Ether (MTBE) manufacturers and other stakeholders
• Organizations, forums and alliances related to Methyl Tert-Butyl Ether (MTBE) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methyl Tert-Butyl Ether (MTBE) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Methyl Tert-Butyl Ether (MTBE) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Growth Rate
CAGR of 5.69% from FY2023 to FY2030
Base year for estimation
FY2023
Historic Data
FY2015 – FY2022
Forecast period
FY2024 – FY2030
Quantitative units
Demand in thousand tonnes and CAGR from FY2023 to FY2030
Report coverage
Capacity By Company, Capacity by Location, Operating Efficiency, by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By End-Use: (Gasoline Blending, Chemical Intermediates, Medical, Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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Which region is dominating the India Methyl Tert-Butyl Ether (MTBE) market as of FY2022?
Ans:
The West India is dominating the India Methyl Tert-Butyl Ether (MTBE) market as of FY2022.
Q2.
Which industry is dominating the India Methyl Tert-Butyl Ether (MTBE) market?
Ans:
As of FY2022, Gasoline Blending industry is dominating the Methyl Tert-Butyl Ether (MTBE) market in India with an estimated share of roughly 75%.
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