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.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming year
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments