The global ethyl tertiary butyl ether industry size is projected to amass a revenue of US$ 11 billion by 2032, with sales growing at a stellar CAGR of 9.2% from 2022 to 2032. Valued at US$ 5.6 billion in 2022, the market is driven to grow by factors like increasing demand from various end-use sectors such as chemical, petrochemical, paints and coatings, and others. Since ethyl tertiary butyl ether assists with the reduction of carbon monoxide and soot emissions, numerous enterprises adopt the product so as to comply with strict government regulations. These aspects facilitate the growth of the ethyl tertiary butyl ether market during the forecast period.
A commonly used oxygenate gasoline additive, the catalytic etherification of isobutylene with ethanol forms ethyl tertiary butyl ether. It finds usage as an oxidative additive in the production of crude oil so as to obtain gasoline. Ethyl tertiary butyl ether has also become a suitable substitute for ethanol owing to several benefits like better air quality and fewer technical and logical difficulties associated with its use. Additionally, as ethyl tertiary has a high octane number, ethyl tertiary butyl ether serves as an ideal octane booster in gasoline. This results in the chemical’s extensive use in gasoline to lessen vehicle exhaust emissions, avoid the use of organo-lead compounds, and alleviate the aromatic compound content while preserving high octane numbers.
Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-9592
The past few years have witnessed a surge in environmental concerns, particularly about high carbon emissions, and a rise in sustainability drives with the implementation of stringent regulations. As a result, there’s been a notable growth in the demand for clean and efficient fuels. Consequently, several organizations use gasoline additives like ethyl tertiary butyl. Hence, high demand for clean and efficient fuels with greater combustion efficiency and lower emission rates will foster growth for the ethyl tertiary butyl ether market. The growing demand for unleaded fuels to constrain emission levels will further boost the prospects of the ethyl tertiary butyl ether market.
Key Takeaways in Ethyl Tertiary Butyl Ether Market:
- The growing popularity of electric vehicles and battery technology along with concerns regarding aquatic ecosystems and water reserves due to the disposal of ethyl tertiary butyl ether will likely hinder the growth of the market.
- Asia Pacific will emerge as an attractive pocket for the ethyl tertiary butyl ether market with a higher CAGR due to the high production of gasoline in countries like China.
- Advancing automotive industry and growing population will drive the growth of the ethyl tertiary butyl ether market in India and China.
- North America’s ethyl tertiary butyl ether market will show strong growth due to the rapid expansion of the automobile industry.
- The US will be a significant pocket for the ethyl tertiary butyl ether market because of the increasing production and consumption of gasoline.
Competitive Landscape in Ethyl Tertiary Butyl Ether Market
Leading market players are focusing on increasing investment in research and development activities, product development, and new launches. These organizations also engage in various strategies including mergers, acquisitions, partnerships, and collaborations to gain a competitive edge.
Key Companies Profiled
- LyondellBasell Industries Holdings B.V.
- Evonik Industries AG
- Repsol S.A.
- Total S.A.
- SABIC
- Braskem
- Neste
- PCK Raffinerie GmbH
- JXTG Nippon Oil & Energy Corporation
- PKN ORLEN
- Cosmo Oil
- Compañía Española de Petróleos, S.A.U., (CEPSA)
Drive Your Business Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/9592
More Insights into Ethyl Tertiary Butyl Ether Market
In its latest report, FMI offers an unbiased and detailed analysis of the global ethyl tertiary butyl ether market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of grade, fuel type, end-use industry, and region.
According to the same reports, based on region, the ethyl tertiary butyl ether market will present strong growth in North America and Asia Pacific. In North America, the market growth will be primarily supplemented by the high production and consumption of gasoline in the US. High demand for clean fuel, the rapidly expanding automotive sector, and increasing government regulations also aid the growth of the ethyl tertiary butyl ether market in North America. Asia Pacific’s ethyl tertiary butyl ether market will observe a faster growth rate due to the rising production of gasoline and a swiftly advancing automotive industry in countries like India and China. Thus, greater demand for clean and efficient fuel coupled with contributions from Asia Pacific and North America will propel the ethyl tertiary butyl ether market forward during the projection period.
Key Segments Profiled in the Ethyl Tertiary Butyl Ether Industry Survey
By Grade:
- Low purity grade (<99%)
- High purity grade (≥99%)
By Fuel Type:
- Petrol
- Diesel
- Bio-Gasoline
By End-Use Industry:
- Chemical
- Petrochemical
- Pharmaceuticals
- Paints & Coatings
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
