In 2022, it is anticipated that for ethyl tertiary butyl ether market will be worth around US$ 5.6 billion. Additionally, due to growing demand for ethyl tertiary butyl ether from a variety of end-use industries, such as the chemical, petrochemical, and paints & coatings sectors, the global market is anticipated to grow at a healthy 9.2% CAGR between 2022 and 2032, reaching a value of roughly US$ 11 Billion by that time.
Ethyl tertiary butyl ether is a biofuel commonly known as ETBE and is a clear colorless liquid or pale yellow liquid. Ethyl tertiary butyl ether is generally used as an oxygenate additive during the production of gasoline from crude oil. Ethyl tertiary butyl ether is logistically and technically less challenging and provides greater air quality than ethanol.
Commercially ethyl tertiary butyl ether is manufactured by acid etherification of isobutylene with ethanol, and an ion-exchange resin is used as a catalyst. Fixed bed reactors or circulation reactors are suitable for the production of ethyl tertiary butyl ether.
Ethyl Tertiary Butyl Ether Market: Key Participants
Examples of some of the market participants operating in the global ethyl tertiary butyl ether market are:
LyondellBasell Industries Holdings B.V., Total S.A., Repsol S.A., Evonik Industries AG, SABIC, Braskem, Neste, JXTG Nippon Oil & Energy Corporation, PKN ORLEN, Cosmo Oil, PCK Raffinerie GmbH, and Compañía Española de Petróleos, S.A.U., (CEPSA) among others.
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Ethyl Tertiary Butyl Ether Market: Segmentation
The global ethyl tertiary butyl ether market can be segmented on the basis of grade, fuel type, and end-use industry:
The global ethyl tertiary butyl ether market is segmented on the basis of grade:
- Low purity grade (<99%)
- High purity grade (≥99%)
The global ethyl tertiary butyl ether market is segmented on the basis of fuel type:
- Petrol
- Diesel
- Bio-Gasoline
The global ethyl tertiary butyl ether market is segmented on the basis of end-use industry:
- Chemical
- Petrochemical
- Pharmaceuticals
- Paints & Coatings
Ethyl Tertiary Butyl Ether Market: Regional Outlook
Asia Pacific is estimated to be the prominent market for ethyl tertiary butyl ether, owing to the increasing gasoline production in countries such as China along with increasing vehicle fleet size.
In regions such as Europe and North America, there has been an increase in regulations and mandates regarding gasoline fuels, owing to which there is rising demand for cleaner fuels, due to which the regions can be considered promising markets for the use of ethyl tertiary butyl ether.
Latin America along with the Middle East & Africa will collectively make a potential market for ethyl tertiary butyl ether owing to the rising demand for unleaded fuel.
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