Raffinate: Introduction

  • Raffinate is primarily a mixture of butylene and butane components such as isobutane and n-butane. Raffinate is a colorless gas (liquid under pressure) with a mild petroleum odor.
  • Raffinate 1 is the hydrocarbon remaining after extraction of butadiene. Raffinate 1 is a combination of butenes with butane.
  • Raffinate 2 is the hydrocarbon remaining after the extraction of isobutylene. It consists of n-butenes and n-butane.
  • Raffinate 3 is the C4 hydrocarbon remaining after butane-1 is removed; primarily butane-2 and butane

Gasoline to Drive Raffinate Market

  • Raffinate is used to manufacture methyl tertiary butyl ether (MTBE), and over 90% of MTBE production is utilized in gasoline as an octane booster and oxygenate. The high octane number of MTBE makes it suitable where higher octane gasoline grades are sold. It has been favored over ethanol because of its transportability, superior performance in reducing benzene and formaldehyde in gasoline, and its lower volatile organic compound content. MTBE boosts the octane of gasoline.
  • MTBE can also be used to make high purity isobutylene, which is further processed to produce butyl rubber, highly reactive polyisobutylene, methyl methacrylate (MMA), and some smaller derivatives. The popularity of most of these products is increasing, as they find new applications. Additionally, MTBE is employed as a solvent and extractant.
  • Thus, the factors mentioned above are anticipated to drive the raffinate market in the near future

Applications of Raffinate

  • Raffinate 1 is a chemical building block utilized in the manufacture of MTBE. Raffinate 2 is used in the manufacture of secondary butyl alcohol (SBA) and methyl ethyl ketone (MEK). Raffinate 3 is primarily employed as feedstock in the production of gasoline.
  • Raffinate 1 is also used as a chemical building block in the manufacture of diisobutylene (DIB). MTBE is added to petroleum to reduce emissions, and DIB is an intermediate in the production of alcohols and solvents.
  • Raffinate 2 used in the manufacture of secondary butyl alcohol (SBA). SBA is an intermediate in the production of industrial cleaning compounds, oil treating chemicals, and paint removers, while MEK is an intermediate in the production of surface coatings, adhesives, thinners, printing inks, and cleaning agents.

COVID-19 Impact on Global Raffinate Market

  • The global coronavirus outbreak is expected to pose severe challenges to the global raffinate market. Raffinate is primarily utilized in the manufacture of MTBE. Therefore, contraction in the production of MTBE is likely to adversely affect the raffinate market in the near future. Extension of the lockdown in various countries across the world has led to supply chain disruptions. This, in turn, is anticipated to hamper the market in the near future.

North America to Hold Major Share of Global Raffinate Market

  • In terms of region, the global raffinate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • In terms of volume, Asia Pacific dominated the global raffinate market in 2019. This can be ascribed to expansion of the gasoline sector in developing countries, such China and India, in the region.
  • Europe is anticipated to offer significant opportunities for the raffinate market due to the increased usage of MTBE in various applications. The raffinate market in Latin America and Middle East & Africa is projected to expand at a sluggish pace during the forecast period, due to the scarcity of raw materials in the region.

Key Players Operating in Global Market

  • The global raffinate market is fragmented, with players focusing on incorporating advanced technologies to gain higher share. These players offer a complete portfolio of products; and focus on different business strategies to strengthen their position.

Prominent players operating in the global raffinate market include:

  • Shell Chemicals
  • Royal Global Energy
  • The Dow Chemical Company
  • BASF SE
  • SUNCOR ENERGY INC
  • YEOCHUN NCC
  • NOVA Chemicals

Global Raffinate Market: Research Scope

Global Raffinate Market, by Application

  • Methyl tertiary butyl ether (MTBE)
  • Secondary butyl alcohol (SBA)
  • Methyl ethyl ketone (MEK)
  • Others

Global Raffinate Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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
  • Europe
  • 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.

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