India Methyl Tert-Butyl Ether (MTBE) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030

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

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, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various segments and projected a positive outlook for India Methyl Tert-Butyl Ether (MTBE) market over the coming years.

The publisher 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. The publisher 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 the publisher.

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:

• Market, by End-use: Gasoline Blending, Chemical Intermediates, Medical, Others
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: North India, South India, East India, West India

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.