Methyl Tert-Butyl Ether: A Global Strategic Business Report
San Jose, California (PRWEB) March 30, 2010
Methyl tertiary-butyl ether (MTBE) is a chemical compound prepared by the chemical reaction between methanol and isobutylene. The market for MTBE is gradually phasing out in developed nations. In the late 1990s, the harmful environmental impact of MTBE surfaced, following which its consumption declined across the globe. Japan ceased the use of MTBE in 2003, while Canada and the US phased out MTBE usage in 2006. Currently the global capacity utilization rate for MTBE is about 75%. Groundwater contamination caused by MTBE leakage from gasoline storage as well as distribution channels is a major environmental concern. Additionally automobile accidents, improper consumer disposal, tank truck spill and spills during refueling also result in MTBE contamination in drinking water wells.
Currently, the Middle East represents the global leader in MTBE consumption accounting for 30% of the global demand in 2009, stated by the new market research report on Methyl Tert-Butyl Ether (MTBE). China is expected is emerge as the fastest growing market over the period 2006 - 2015. The rising demand in developing nations of Asia is primarily driven by the increasing need to protect environment from air pollution. MTBE acts as an important additive for cleaner emission and improved fuel quality. In Western Europe the decline in MTBE consumption is counterbalanced by increased export to Arab Gulf, South America and Africa.
Key players profiled in the study include Daqing Petrochemical Company, LyondellBasell Industries, Equistar Chemical LP, Repsol YPF, Saudi Basic Industries Corporation, Saudi Arabia Petrochemical Company, and SINOPEC Jiujiang Company.
The report titled "Methyl Tert-Butyl Ether: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, and recent industry activity. The study analyzes market data and analytics in terms of volume sales for regions including Europe, China, Middle East, and Rest of World.
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