Developing Economies See Gasoline Consumption Soar, Leading Hydrocarbon
Components to Recover.
Developing economies such as China, India and Brazil are due to demand more and more Methyl Tertiary Butyl Ether (MTBE), as increasing development and improving standards of living drive up gasoline consumption, says a new report by GBI Research.
The new report* states that a shift is predicted in upcoming installed capacity, from the developed economies of North America and Europe to the Middle Eastern and Asia-Pacific regions.
MTBE is a hydrocarbon produced from fossil fuels through certain cracking processes, and is used within gasoline blending as a fuel component, and also as a solvent.
Contact sales@reportsandreports.com for more information on this report.
The global demand for MTBE has declined over the last decade in large developed markets such as the US and Canada, following its classification as a pollutant and the consequent ban of its use in gasoline blending. These countries now use Ethyl Tertiary Butyl Ether (ETBE) and ethanol as replacements, and as a result, global demand of MTBE dropped from 19,320,447 tons in 2000 to 12,103,666 in 2011.
However, developing economies in the Middle East and Asia-Pacific are set to expand their domestic use of MTBE exponentially. Increasing levels of global awareness and environmental protection have promoted the use of MTBE over recent years to phase out toxic substances such as lead, sulfur and benzene. In addition to this, rising standards of living are now boosting gasoline consumption levels. This is beginning to compensate for the demand decline in developed nations, and MTBE demand is expected to increase in developing countries so much so that global MTBE demand will reach 20,253,468 tons in 2020.
The availability of cheap feedstock in the Middle East has heralded a new era of industrialization in that part of the world, fueling the production of MTBE in Middle Eastern countries. However, the Asia-Pacific region is expected to account for a majority 67.8% share of the global market, as China sees increasing development which has drastically increased gasoline consumption throughout the past decade. Increasing environmental concerns in China have also catalyzed the growing MTBE demand, as the hydrocarbon can be used as a replacement for other additives in gasoline which have higher levels of sulfur. By 2020, China is expected to be the largest MTBE consuming market, covering over 50% of global demand.
*Methyl Tertiary Butyl Ether (MTBE) Global Markets to 2020 - China Dominates Global MTBE Demand While Developed Regions Look to ETBE and Ethanol as Replacement Options
This report provides an in-depth analysis of the global MTBE market, and presents detailed analysis and forecasts of the major economic and market trends affecting the MTBE markets in the major regions of the world. It contains demand, production analysis and forecasts, drivers and restraints, end use analysis and forecasts, and market share analysis of the major producers in the major regions of the world. In addition, the report includes demand and production forecasts for the major countries in all geographies. It additionally shows the historic and forecast price trends for all the major countries. Overall, the report presents a comprehensive analysis of the global MTBE market covering all the major parameters.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
Developing economies such as China, India and Brazil are due to demand more and more Methyl Tertiary Butyl Ether (MTBE), as increasing development and improving standards of living drive up gasoline consumption, says a new report by GBI Research.
The new report* states that a shift is predicted in upcoming installed capacity, from the developed economies of North America and Europe to the Middle Eastern and Asia-Pacific regions.
MTBE is a hydrocarbon produced from fossil fuels through certain cracking processes, and is used within gasoline blending as a fuel component, and also as a solvent.
Contact sales@reportsandreports.com for more information on this report.
The global demand for MTBE has declined over the last decade in large developed markets such as the US and Canada, following its classification as a pollutant and the consequent ban of its use in gasoline blending. These countries now use Ethyl Tertiary Butyl Ether (ETBE) and ethanol as replacements, and as a result, global demand of MTBE dropped from 19,320,447 tons in 2000 to 12,103,666 in 2011.
However, developing economies in the Middle East and Asia-Pacific are set to expand their domestic use of MTBE exponentially. Increasing levels of global awareness and environmental protection have promoted the use of MTBE over recent years to phase out toxic substances such as lead, sulfur and benzene. In addition to this, rising standards of living are now boosting gasoline consumption levels. This is beginning to compensate for the demand decline in developed nations, and MTBE demand is expected to increase in developing countries so much so that global MTBE demand will reach 20,253,468 tons in 2020.
The availability of cheap feedstock in the Middle East has heralded a new era of industrialization in that part of the world, fueling the production of MTBE in Middle Eastern countries. However, the Asia-Pacific region is expected to account for a majority 67.8% share of the global market, as China sees increasing development which has drastically increased gasoline consumption throughout the past decade. Increasing environmental concerns in China have also catalyzed the growing MTBE demand, as the hydrocarbon can be used as a replacement for other additives in gasoline which have higher levels of sulfur. By 2020, China is expected to be the largest MTBE consuming market, covering over 50% of global demand.
*Methyl Tertiary Butyl Ether (MTBE) Global Markets to 2020 - China Dominates Global MTBE Demand While Developed Regions Look to ETBE and Ethanol as Replacement Options
This report provides an in-depth analysis of the global MTBE market, and presents detailed analysis and forecasts of the major economic and market trends affecting the MTBE markets in the major regions of the world. It contains demand, production analysis and forecasts, drivers and restraints, end use analysis and forecasts, and market share analysis of the major producers in the major regions of the world. In addition, the report includes demand and production forecasts for the major countries in all geographies. It additionally shows the historic and forecast price trends for all the major countries. Overall, the report presents a comprehensive analysis of the global MTBE market covering all the major parameters.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
Contact sales@reportsandreports.com for more information on this report.
