High Purity MTBE Market
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:
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Author Credits: Rajrani Baghel
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