The global ethyl tertiary butyl ether market size is expected to reach at around USD 5.6 Billion in 2022. Further with rising demand for ethyl tertiary butyl ether from various end-use industries including chemical, petrochemical and paints & coatings, the overall ethyl tertiary butyl ether sales are projected to grow at healthy 9.2% CAGR between 2022 and 2032, totaling around USD 11 Billion by 2032.
| Attributes | Key Statistics |
|---|---|
| Ethyl Tertiary Butyl Ether Market Expected Value (2022) | ~USD 5.6 billion |
| Ethyl Tertiary Butyl Ether Market Projected Value (2032) | ~USD 11 billion |
| Ethyl Tertiary Butyl Ether Market Estimated Growth Rate (2022-2032) | 9.2% |
Ethyl tertiary butyl ether is a commonly used oxygenate gasoline additive formed by the catalytic etherification of isobutylene with ethanol. It is used as an oxidative additive during the manufacturing of crude oil to produce gasoline and has become an ideal alternative to ethanol as it offers greater air quality benefits, while being technically and logistically less challenging.
Ethyl tertiary has high octane numbers which makes it an ideal octane booster in gasoline. It is extensively used in gasoline to reduce vehicle exhaust emissions, avoid the use of organo-lead compounds, and reduce the aromatic compound content, while maintaining high octane numbers.
Addition of ethyl tertiary butyl ether helps companies to reduce emissions of carbon monoxide and soot, thereby enabling them to comply with stringent government regulations. The unique blending properties of ethyl tertiary butyl ether and its oxygen content makes it easy for petroleum companies to manufacture cleaner burning renewable gasoline that reduces vehicle emissions.
Growing demand for ethyl tertiary butyl ether in various industrial and commercial applications is expected to propel the growth in the global ethyl tertiary butyl ether market during the forecast period.
Consequently, rising production and sales of vehicles along with growth in gasoline powered applications will continue to push the demand for ethyl tertiary butyl ether.
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Over the years, rising environmental concerns regarding high carbon emission levels and implementation of stringent regulations have generated huge demand for clean and efficient fuels.
This in turn is prompting companies to use gasoline additives like ethyl tertiary butyl ether. Thus, growing demand for clean fuels with high combustion efficiency and lower emission rates will continue to foster the growth of ethyl tertiary butyl ether market.
Ethyl tertiary butyl ether has emerged as an ideal replacement or alternative for several other gasoline additives due to its high-octane number, low vapor pressure, and low boiling point. It is being increasingly added to gasoline to make it more ecofriendly and enhance its efficiency. Addition of ethyl tertiary butyl ether cuts emission by rising the oxygen content of gasoline, so that it burns more completely.
Similarly, increasing demand for unleaded fuels to curb emission levels is expected to provide a strong thrust to the growth of ethyl tertiary butyl ether market. Usage of alkyl lead compounds as octane booster increases vehicle emissions and lead exposure. As a result, there has been a rapid shift towards the use of ethyl tertiary butyl ether and this trend is likely to continue during the forecast period.
Furthermore, rapid growth of end-use industries such as chemicals, petrochemicals and pharmaceutical is likely to push the demand for ethyl tertiary butyl ether during the forthcoming years.
Despite a positive growth outlook, there are various factors that are impeding the growth in ethyl tertiary butyl ether market. Some of these factors include rapid shift towards battery technology and growing concerns regarding the risk to the aquatic ecosystem and water reserves from the disposal of ethyl tertiary butyl ether.
In recent years, there has been a spike in demand for battery powered devices and electric vehicles. This is emerging as a major factor challenging the growth of ethyl tertiary butyl ether market.
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As per FMI, demand in Asia Pacific ethyl tertiary butyl ether market is likely to grow at a relatively higher CAGR during the forecast period, owing to the surge in gasoline production in countries like China, increasing vehicle fleet size, rising demand for industrial chemical derivatives and organic compounds across several industries, favorable government support, and rapid expansion of chemical and petrochemical industries.
Demand for ethyl tertiary butyl ether is especially rising across countries like China and India due to rapid growth of automotive industry, population explosion, and economic growth. These countries are witnessing a sharp rise in the production and sales of automotives. For instance, according to the International Organization of Motor Vehicle Manufacturers, vehicle production in China and India reached around 77621582 and 3394446 respectively in 2020.
According to Future Market Insights, North America is emerging as a promising market for ethyl tertiary butyl ether, owing to the rising demand for cleaner, rapidly growing automotive industry, increase in government regulations and mandates regarding gasoline fuels, and strong presence of leading ethyl tertiary butyl ether manufacturers.
Within North America, the USA remains the most prominent market for ethyl tertiary butyl ether due to increasing production and consumption of gasoline and growing need for reducing the emission levels of vehicles. According to the USA Energy Information Administration, Americans used about 135 billion gallons of gasoline in 2021. This is creating robust demand for ethyl tertiary butyl ether.
Similarly, increasing restrictions on the usage of methyl tertiary butyl ether in gasoline production will boost the sales of ethyl tertiary butyl ether in the region during the forecast period.
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Some of the key manufacturers of ethyl tertiary butyl ether include 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, and Compañía Española de Petróleos, S.A.U., (CEPSA) among others.
Leading companies are continuously adopting various strategies such as new product launches, acquisitions, mergers, partnerships, and investing in R&D to gain a competitive edge in the ethyl tertiary butyl ether market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.2% from 2022 to 2032 |
| Market Expected Value (2022) | ~USD 5.6 billion |
| Projected Market Size (2032) | USD 11 billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Grade, Fuel Type, End-Use Industry, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| 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) |
| Customization | Available Upon Request |
Demand in the global ethyl tertiary butyl ether market is slated to grow at a CAGR of around 9.2% during the forecast period.
Asia Pacific ethyl tertiary butyl ether market is likely to witness fastest growth during the forecast period.
As per FMI, the global ethyl tertiary butyl ether market is projected to surpass a valuation of around USD 11 Billion by 2032.
LyondellBasell Industries Holdings B.V., Evonik Industries AG, Repsol S.A., Total S.A., SABIC, Braskem, Neste, PCK Raffinerie GmbH, and JXTG Nippon Oil & Energy Corporation are some prominent ethyl tertiary butyl ether manufacturers.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade 5.1. Low Purity Grade <99% 5.2. High Purity Grade ≥99% 6. Global Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fuel Type 6.1. Petrol 6.2. Diesel 6.3. Bio to Gasoline 7. Global Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Industry 7.1. Chemical 7.2. Petrochemical 7.3. Pharmaceuticals 7.4. Paints & Coatings 8. Global Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Ethyl Tertiary Butyl Ether Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Ethyl Tertiary Butyl Ether Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. LyondellBasell Industries Holdings B.V. 16.2. Total S.A. 16.3. Repsol S.A. 16.4. Evonik Industries AG 16.5. SABIC 16.6. Braskem 16.7. Neste 16.8. JXTG Nippon Oil & Energy Corporation 16.9. PKN ORLEN 16.10. Cosmo Oil 16.11. PCK Raffinerie GmbH 17. Assumptions & Acronyms Used 18. Research Methodology
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Ethyl Tertiary Butyl Ether Market
