PUBLISHER: The Business Research Company | PRODUCT CODE: 1526953
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526953
Ethyl tertiary-butyl ether (ETBE) is an organic compound primarily utilized as a fuel additive to enhance the octane rating and optimize the combustion efficiency of gasoline. It is synthesized by chemically reacting ethanol with isobutylene. ETBE is esteemed for its capability to reduce engine knocking and decrease emissions of specific pollutants.
The main grades of ETBE are categorized as low purity grade and high purity grade. Low purity grade indicates ETBE with a purity level below 99%. The production methods include direct etherification and indirect etherification. ETBE is incorporated into fuel types such as petrol, diesel, and bio-gasoline, serving diverse applications such as automotive fuel, industrial solvent, chemical intermediate, and more.
The ethyl tertiary-butyl ether market research report is one of a series of new reports from The Business Research Company that provides ethyl tertiary-butyl ether market statistics, including the ethyl tertiary-butyl ether industry global market size, regional shares, competitors with the ethyl tertiary-butyl ether market share, detailed ethyl tertiary-butyl ether market segments, market trends, and opportunities, and any further data you may need to thrive in the ethyl tertiary-butyl ether industry. These ethyl tertiary-butyl ether market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ethyl tertiary-butyl ether market size has grown strongly in recent years. It will grow from $5.43 billion in 2023 to $5.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth observed in the historic period can be attributed to several factors, including investments from both the government and private sector in biofuel initiatives, heightened consumer awareness regarding environmental concerns, a growing demand for transportation fuels, the expansion of infrastructure for biofuel production, and the implementation of stringent environmental regulations focusing on emissions reduction.
The ethyl tertiary-butyl ether market size is expected to see strong growth in the next few years. It will grow to $8.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The projected growth in the forecast period can be attributed to various factors, such as investments directed towards renewable energy infrastructure, escalations in renewable fuel mandates and standards, a transition towards bio-based feedstocks for ETBE production, the adoption of carbon pricing mechanisms, and the emergence of voluntary corporate sustainability initiatives. Major trends expected in this period encompass advancements in second-generation biofuels, increased collaboration in research and development efforts, investment in sustainable technologies, a surge in ethanol production, and stricter regulations concerning vehicle emissions.
The ethyl tertiary-butyl ether (ETBE) market is poised for growth due to the increasing demand for fuels. Fuels are crucial for various purposes such as generating heat, powering vehicles, and supporting industrial processes, with factors such as economic growth, population increase, transportation needs, and industrial expansion driving this demand. ETBE, as an octane enhancer in fuels, improves engine performance, reduces emissions, and meets environmental regulations, contributing to cleaner combustion. For example, in September 2023, Statistics Canada reported a significant surge in motor vehicle fuel demand in Canada, notably gasoline, reaching 42.5 billion liters in 2022, a 5.6% increase from 2021, highlighting the fuel demand driving the ETBE market's growth.
Leading companies in the ETBE market are focusing on innovative materials such as sustainable base chemicals to enhance product performance, meet regulations, and address environmental concerns. These sustainable chemicals, derived from eco-friendly sources and processes, reduce ETBE's carbon footprint in line with environmental and circular economy principles. For instance, Borealis AG launched Borvida in June 2022, a range of sustainable base chemicals sourced from non-food waste biomass, chemically recycled waste, and future atmospheric carbon capture. These products, including ETBE, are ISCC PLUS-certified and traceable via Mass Balance, ensuring sustainability throughout the value chain.
In August 2022, Grupa LOTOS merged with ORLEN Group to strengthen ORLEN's position in the Central and Eastern European fuel and energy sector. This merger aimed to unlock synergies, increase capital expenditure, enhance Poland's energy independence, and ensure stable fuel supplies. ORLEN Group, known for providing biocomponents, uses these components to produce a gasoline additive in the form of ETBE, contributing to the ETBE market's growth.
Major companies operating in the ethyl tertiary-butyl ether market are TotalEnergies SE, Chevron Corporation, Orlen S.A., Repsol S.A., Thermofisher Scientific Inc., LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corporation, Merck KGaA, Braskem S.A, Borealis AG, Vinati Organics Ltd., Spectrum Chemicals, Biosynth, Cosmo Oil Company Limited, Tokyo Chemical Industry (India) Pvt. Ltd., Santa Cruz Biotechnology Inc., A B Enterprises, Ataman Chemicals, Vizag Chemical
North America was the largest region in the ethyl tertiary-butyl ether market in 2023. The regions covered in the ethyl tertiary-butyl ether market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ethyl tertiary-butyl ether market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ethyl tertiary-butyl ether market consists of sales of cleaner-burning fuels, paint thinners, fuel stabilizers, and gasoline additives. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ethyl Tertiary-butyl Ether Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ethyl tertiary-butyl ether market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ethyl tertiary-butyl ether ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethyl tertiary-butyl ether market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.