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High Purity Methyl Tertiary Butyl Ether (MTBE) Market Size & Share, by Purity Level (99.90%, Below 99.80% (99.50%-99.80%)); Application (Pharmaceutical Industry, Industry Solvents, Laboratory Chemicals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6333
  • Published Date: Aug 22, 2024
  • Report Format: PDF, PPT

 High Purity MTBE Market

 

  1. An outline of the Global High Purity MTBE Market
    1. Study Objective
    2. Market Definition
    3. Market Segmentation 
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation 
  4. Summary of the Report for Key Decision Makers
  5. Market Opportunities
  6. Market Drivers
  7. Market Roadblocks
  8. Market Trends
  9. Government Regulation: How they would aid business?
  10. Industry Risk Analysis
  11. Industry Growth Outlook
  12. Regional Demand Analysis 
  13. Analysis by Purity Level
  14. Pricing Analysis
  15. Application Analysis
  16. Analysis on Technological Advancements in HP-MTBE Market
  17. EXIM Analysis
  18. Patent Analysis
  19. PEST Analysis 
  20. Analysis of HP-MTBE Suitability for Diverse Applications
  21. Porter Five Force Analysis
  22. SWOT Analysis of the High Purity MTBE Market
  23. Recent News on the High Purity MTBE Market
  24. Comparative Feature Analysis
  25. Supplier/Distributor Analysis
  26. Competitive Positioning: Key Players
    1. Company Market Share
    2. Business Profile of Key Enterprise
      1. Evonik Industries AG
      2. Honeywell International Inc
      3. Loba Chemie Pvt Ltd
      4. SABIC
      5. LyondellBasell
      6. Sinochem
      7. Merck Millipore Ltd
      8. Monument Chemical
      9. DOR Group
      10. Vinati Organics Limited
      11. Wanhua Chemical Group

 

  1. Global High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. Global High Purity MTBE Market Segmentation Analysis (2019-2037)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        3.  
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
      3. By Region
        1. North America, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        2. Europe Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        3. Asia Pacific Excluding Japan Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        4. Japan Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        5. Latin America Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        6. Middle East and Africa Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        7. Cross Analysis of Purity Level W.R.T. Application (USD Million), 2019-2037
  2. North America High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. North America High Purity MTBE Market Segmentation Analysis (2019-2037)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        3.  
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
      3. By Country
        1. U.S., Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        2. Canada, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        3. Cross Analysis of Product W.R.T. Application (USD Million), 2019-2037
  3. Europe High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. Europe High Purity MTBE Market Segmentation Analysis (2019-2037)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        3.  
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F 
      3. By Country
        1. U.K., Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        2. Germany, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        3. France, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        4. Italy, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        5. Spain, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        6. BENELUX , Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        7. Poland, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        8. Russia, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        9. Rest of Europe, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        10. Cross Analysis of Product W.R.T. Application (USD Million), 2019-2037
  4. Asia Pacific excluding Japan High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific excluding Japan High Purity MTBE Market Segmentation Analysis (2019-2037)
    4. By Purity Level
      1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      3.  
    5. By Application
      1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
      2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
      3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
      4. Others, Market Value (USD Million), and CAGR, 2019-2037F
    6. By Country
      1. China, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      2. India, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      3. Indonesia, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      4. South Korea, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      5. Australia, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      6. Singapore, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      7. Malaysia, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      8. New Zealand, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      9. Vietnam, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      10. Rest of Asia Pacific excluding Japan, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
      11. Cross Analysis of Product W.R.T. Application (USD Million), 2019-2037
  5. China High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F

 

  1. India High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  2. Indonesia High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. By Purity Level
      1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
    4. By Application
      1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
      2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
      3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
      4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  3. South Korea High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. By Purity Level
      1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
    4. By Application
      1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
      2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
      3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
      4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  4. Australia High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  5. Singapore High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  6. Malaysia High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  7. New Zealand High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  8. Vietnam High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  9. Rest of APEJ High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  10. Japan High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
  11. Latin America High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. Latin America High Purity MTBE Market Segmentation Analysis (2019-2037)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
      3. By Country
        1. Brazil, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        2. Argentina, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        3. Mexico, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        4. Rest of Latin America, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        5. Cross Analysis of Product W.R.T. Application (USD Million), 2019-2037
  1. Middle East & Africa High Purity MTBE Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), & Volume (Thousand Tons) and Compound Annual Growth Rate (CAGR)
    3. Middle East & Africa High Purity MTBE Market Segmentation Analysis (2019-2037)
      1. By Purity Level
        1. 99.90%, Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
        2. Below 99.80% (99.50%-99.80%), Market Value (USD Million) & Volume (Thousand Tons), and CAGR, 2019-2037F
      2. By Application
        1. Pharmaceutical Industry, Market Value (USD Million), and CAGR, 2019-2037F
        2. Industry Solvents, Market Value (USD Million), and CAGR, 2019-2037F
        3. Laboratory Chemicals, Market Value (USD Million), and CAGR, 2019-2037F
        4. Others, Market Value (USD Million), and CAGR, 2019-2037F
      3. By Country
        1. GCC, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        2. Israel, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        3. South Africa, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), & Volume (Thousand Tons) and CAGR, 2019-2037F
        5. Cross Analysis of Product W.R.T. Application (USD Million), 2019-2037
  2. Global Economic Scenario

 

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

High Purity MTBE Market size is estimated at USD 112.8 million in 2024 and is expected to reach USD 244.7 million by the end of 2037, growing at a CAGR of 6.3% during the forecast period, i.e., 2025-2037. In 2025, the industry size of high purity MTBE is assessed at USD 116.8 million.  

The applications of methyl tertiary butyl ether (MTBE) are expanding across different sectors, with increasing demand for high-quality fuel driving the market. Some players in the market focus mainly on product innovation, friendly production processes, and strategic partnerships to gain a better hold on the market. For instance, in October 2023, Axens, integrated ExxonMobil's MTBE Decomposition Technology to produce high purity isobutylene that could meet the growing demand from petrochemical intermediates. Such technological development and collaboration can increase MTBE production by a higher order of magnitude for efficiency and sustainability.

Government regulations and initiatives drive the high purity MTBE market. Strict quality standards and certifications guarantee refill reliability and safety, while the environmental ones drive sustainable production methods. Governments are now coming up with supporting policies and incentives to encourage the use of cleaner fuels to cut down emissions of greenhouse gases. Such measures described above are expected to improve the business climate for producers of high purity MTBE, hence boosting market growth.

High Purity MTBE Market
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High Purity MTBE Sector: Growth Drivers and Challenges

Growth Drivers:

  • Increasing demand from the pharmaceutical industry: Rising need for high purity solvents in drug formulations and the high standards of quality in the pharmaceutical segment are the factors promoting the market’s growth. It has a low boiling point, good solvating ability, and is non-reactive with a large number of different organic compounds, making it a suitable choice for synthesis and purification. Moreover, the growing emphasis on drug safety and efficacy further underscores the requirement for high purity reagents like MTBE. In August 2023 Greenfield Global added MTBE for high purity solvents since the need for drug developers and manufacturers to get reliable and consistent reagents had increased. 
  • Rise in high purity MTBE-based applications in industrial solvents: The diethylene glycol ethers, a particularly highly purified form of MTBE, have good solvating abilities and relatively low toxicity levels and are easy to manipulate and process, therefore suitable for use in paints, coatings and adhesives and cleaning solutions. Companies are tapping into this opportunity to expand their product portfolios. For example, in November 2023, LyondellBasell announced its new sustainable line of solvents that have, as part of the offerings, high purity MTBE, targeting industries that are said to be of lesser impact. Such innovations are anticipated to push the demand for high purity MTBE during the forecast period.

Challenges:  

  • Stringent environmental regulations: Rigid environmental regulations related to MTBE manufacturing, application, and disposal hamper market growth. The extensive and increasing concerns about MTBE's potential to contaminate groundwaters, along with its persistence in the environment, have consequently brought legal restrictions and bans in several regions. For example, in January 2024, the European Union increased the regulation of MTBE to put tighter control and reporting obligations for use as a blend stock component. Fulfilling these regulations requires massive investment in pollution prevention and control measures that increase production costs, resulting in restrained market growth.
  • Health and safety considerations: The safety and health hazards attributed to MTBE exposure stand before it as a challenge to its wide acceptance. However, while carrying lower toxicity compared to most of the other gasoline components, continuous or repeated exposure to high-concentration MTBE can lead to respiratory irritations, dizziness, or headaches. These have resulted in public outcry and further regulatory scrutiny, reducing the market acceptance and potential to grow in the high purity MTBE sector.
High Purity Methyl Tertiary Butyl Ether Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.3%

Base Year Market Size (2024)

USD 112.8 million

Forecast Year Market Size (2037)

USD 244.7 million

Regional Scope
  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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High Purity MTBE Segmentation

Purity Level (99.90%, Below 99.80% (99.50%-99.80%))

The below 99.80% purity segment is expected to lead the high purity methyl tertiary butyl ether (MTBE) market, rising at a CAGR of 6.2% up until 2037. This is driven by increasing demand for high purity MTBE in some important end-use applications, such as pharmaceutical manufacturing and advanced chemical synthesis, where even trace impurities can significantly impact product quality and safety. For instance, in October 2023, Merck expanded its offering with high purity solvents to include MTBE 99.80% level. This increase in demand for secure and consistent reagents used in the development and production process of drugs is likely to contribute to segment growth.

Application (Pharmaceutical Industry, Industry Solvents, Laboratory Chemicals, Others)

Pharmaceutical segment in the high purity MTBE market is expected to register over 6.4% growth till 2037. The impetus behind the development is the tight standards needed from production processes associated with pharmacological products, in league with an increasing MTBE application base as a reagent and solvent in drug synthesis and purification. The formation and development of new drug formulations are further enhanced by the growing focus on safety and efficacy, adding to the supremacy of this segment in the market.

For example, in November 2023, LyondellBasell launched a range of new high purity solvents, including MTBE. The increase in such product developments for the pharmaceutical industry drives the industry growth during the forecast period.

Our in-depth analysis of the global market includes the following segments:

          Purity Level
  • 99.90%
  • Below 99.80% (99.50%-99.80%)

          Application

  • Pharmaceutical Industry
  • Industry Solvents
  • Laboratory Chemicals
  • Others

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High Purity MTBE Industry - Regional Synopsis

Asia Pacific Excluding Japan Market Statistics  

APEJ high purity methyl tertiary butyl ether market is expected to rise at a 6.7% CAGR during the forecast period owing to rapidly expanding pharmaceutical and chemical industries in the region, growing investments in research and development, and rising acceptance of advanced manufacturing technologies. Furthermore, increasing demand for cleaner fuels and a focus on green sustainability enhance the prospects of this region.

China is anticipated to capture a significant share of the market during the forecast period. The huge automotive sector in the country, coupled with its ongoing efforts to reduce air pollution and improve fuel quality, would ensure continuous demand generation for high purity MTBE.  For instance, Clariant began constructing an isobutane dehydrogenation plant in China in December 2023, which is likely to increase the production of isobutylene by nearly double. This is expected to increase MTBE production and on the other, to meet the growing regional demand for a diverse range of chemicals.

India is expected to dominate the APEJ high purity MTBE market by 2037. The existing upgrading and expansion programs for refining capability by the country are anticipated to enhance the production and demand for high purity MTBE. In March 2023, Indian Oil Corporation Limited disclosed its intention to upgrade its refining facilities to facilitate the synthesis of superior-grade fuels that would include MTBE as a booster to meet the changing BS-VI emission standards. This may help to open up or generate fresh opportunities for players in the market in India.

North America Market Analysis

North America’s high purity MTBE market is anticipated to expand at a CAGR of 6.5% from 2025 to 2037 owing to growing demand for MTBE across pharmaceutical industries, industrial solvents, and laboratory chemicals. In 2024, the United States held the largest share of North America's' HP-MTBE market, which is further anticipated to continue its dominance during the forecast period. 

The high demand for HP-MTBE in the U.S. comes from the presence of leading pharmaceutical companies and huge research and development activities throughout the country. In 2023, for example, LyondellBasell has managed to successfully start up the world's largest tertiary butyl alcohol unit in Texas, which is in the U.S. Gulf Coast assets with an annual capacity of one million metric tons of TBA and its by-products, including MTBE (methyl tertiary butyl ether). The innovation offers a wide opportunity for the firms in the industry.

The market is also expected to rise rapidly in Canada during the forecast period. One of the major drivers for the application of HP-MTBE finds surfacing interest in green chemistry and best practices in various industries. Increasing demand for HP-MTBE in manufacturing high-performance fuels and specialty chemicals adds to its growth in Canada’s market.

High Purity MTBE Market Size
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Companies Dominating the High Purity MTBE Landscape

    The high purity MTBE market is highly competitive and is characterized by leading companies fighting for a considerable share. These companies are continuously investing in R&D to improve the quality of their products and extend their portfolio of products while maximizing the efficiency of their production. For example, in January 2022, LUKOIL granted a license on behalf of Lummus Technology for constructing an integrated plant in Perm, Russia—which would produce MTBE. During this operation, MTBE will be manufactured in this plant through Lummus technology called CDEtherol.

    Here are some leading companies in the market:

    •   ABB Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schneider Electric
    • Rockwell Automation
    • Emerson Electric Co.
    • Honeywell International
    • Siemens AG
    • Omron Corporation
    • Toshiba Infrastructure Systems and Solutions Corporation
    • Yokogawa Electric Corporation
    • Mitsubishi Electric

In the News

  • In March 2024, Wanhua Chemical Group, together with Borealis, launched a venture to open a new production site for MTBE in Southeast Asia to exploit market potential in this flourishing region.
  • In February 2024, SABIC announced its interest in bidding for a stake in Braskem. This move has clearly targeted Braskem and showed SABIC's strategy of geographical expansion. Such a potential acquisition would underline SABIC's interest in strengthening its presence in the South American market and diversifying its current petrochemical portfolio.
  • In September 2023, Honeywell International Inc. entered into a strategic partnership with one of the key research institutes to jointly develop advanced process technologies for the production of sustainable MTBE, reflecting the shift in industry towards greener manufacturing.
  • In July 2023, Evonik completed the acquisition of Novachem, an Argentinian company leading in innovative and sustainable cosmetic actives. It would further strengthen Evonik's role in expanding its business through its portfolio in personal care with eco-friendly ingredients and help the company strengthen its position in the fast-growing market for sustainable cosmetics solutions and increase its presence in South America.

Author Credits:   Rajrani Baghel


  • Report ID: 6333
  • Published Date: Aug 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of high purity MTBE was USD 112.8 million.

The global high purity MTBE market size is anticipated to reach USD 112.8 million in 2024 and is expected to surpass USD 244.7 million by the end of 2037, rising at a CAGR of 6.3% during the forecast period, i.e., 2025-2037.

Key players in the market are UBE Corporation, Honeywell International Inc., Schlumberger, DIC Corporation, Air Liquide Advanced Separations, Fujifilm Holdings Corporation, and Air Products and Chemicals Inc.

The below 99.80% purity segment is expected to lead the high purity MTBE market during the forecast period.

Asia Pacific excluding Japan is anticipated to provide significant expansion opportunities to players in the high purity MTBE sector in the coming years.
High Purity MTBE Market Report Scope
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