Gasoline Naphtha Crude MTBE Market
Methyl tertiary butyl ether (MTBE) is an octane booster. It is widely used in fuel for gasoline operated engines and as an anti-knocking agent. The applications are fuelling the demand for MTBE in the market. Also, it is used in the generation of pure form of isobutene.
On the other hand, ethanol is being used as an alternative of MTBE as an oxygenate additive. This helps in decreasing the toxicity due to exhaust emissions. Moreover, USA and Canada are banning the use of MTBE for purpose of gasoline blending. These factors are hindering the growth of MTBE market. Advancement in bio-based MTBE is expected to provide lucrative opportunities for expansion of MTBE market.
Gasoline segment is anticipated to lead in the coming years. As a result of development of new refinery projects starting in the course of given forecast period (2016-2024).
Coming to naphtha, it has wide scale application as an industrial solvent. Some of the main applications of naphtha are in production of gasoline, formulation of cleanser used in household, oil painting, and stain remover. It is also used in gasoline production and as fuel in handheld lighters. Its application in residential sector is a leading factor to push the demand for gasoline naphtha crude MTBE market in the course of forecast period (2016-2024).
Naphtha also plays a major role in the production of polymers, synthetic rubber, and chemical intermediates.
Rising demand for polymers and plastics due to urbanization is likely to fuel gasoline naphtha crude MTBE market
Naphtha is used in burners, power stoves and more. In 2014, energy and fuel contributed for 25% of the market share. Its application as white petroleum liquid, camp lanterns and stove is likely to drive expansion of market in the given forecast period.
Global Gasoline-Naphtha-Crude-MTBE Market: Overview
The global gasoline-naphtha-crude-MTBE market is witnessing an exponential surge in its valuation, thanks to the swift expansion in the automotive and the aviation industries and the trend is likely to remain so over the next few years.
Gasoline, also known as petrol, is a type of fuel, widely utilized in internal combustion engines, whereas crude is the unprocessed form of petroleum. Flammable liquid hydrocarbon mixtures are termed as naphtha while MTBE is a gasoline additive, which is volatile, highly flammable, and colorless. Although it exists in a liquid form, it is sparingly soluble in water. The main application of MTBE is to increase octane number, and hence, it is mostly used as oxygenate in order to raise the oxygen content of gasoline.
Owing to the rising concerns over the adverse effect of gasoline-naphtha-crude-MTBE on the environment and subsequent ban on the usage of MTBE in developed countries, their consumption is likely to reduce to some extent in the coming years, creating a hindrance in the growth trajectory of this market.
On the basis of its historical and current performance, this report presents a detailed assessment of the worldwide gasoline-naphtha-crude-MTBE market. The opportunities and growth prospects of this market have also been examined thoroughly in this study to identify the market’s future status.
Global Gasoline-Naphtha-Crude-MTBE Market: Trends and Opportunities
Gasoline market in Europe is on an unprecedented buying spree due to the production cut in Brazil and Venezuela. However, the purchasing appetite for gasoline from within the region is moderate.
A gasoline-glut has been formed in Europe, therefore, participants in this region are keen on exporting volumes to West Africa and the U.S. to keep stocks in balance. Gasoline export to the U.S., however, is under pressure comparing to the recent years due to the enduring shale revolution in the economy.
As the crude in North America gets lighter, the overall demand for gasoline from the U.S. has begun to decline. Although events of refinery outage may uptick the demand for European gasoline in the coming years.
Global Gasoline-Naphtha-Crude-MTBE Market: Geographical Analysis
On the basis of geography, the worldwide gasoline-naphtha-crude-MTBE market can be segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In terms of consumption of gasoline-naphtha-crude-MTBE, Asia Pacific is likely to emerge as a prominent regional market across the world in the near future.
The markets in Latin America and the Middle East and Africa are also expected to witness a rise in their share, due to the augmenting demand for these fuels, thanks to increasing focus of developing nations on economic progression.
Companies mentioned in the research report
Some of the major players in the global gasoline-naphtha-crude-MTBE market are China Petrochemical Corp. (Sinopec Group), LyondellBasell Industries (Netherlands), PetroChina Company Ltd. (China), Enterprise Products Partners L.P. (US), Saudi Basic Industries Corp. (Saudi Arabia), Equistar Chemical LP (US), Saudi Arabia Petrochemical Company (UAE), TPC Group (US), Marathon Ashland Petroleum, and Huntsman Corp.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.