Global Methyl Tert-Butyl Ether (MTBE) Market to Reach $22.4 Billion by 2030
The global market for Methyl Tert-Butyl Ether (MTBE) estimated at US$17.5 Billion in the year 2023, is expected to reach US$22.4 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030. Gasoline Application, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$12 Billion by the end of the analysis period. Growth in the Medical Intermediates Application segment is estimated at 3.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 3.4% CAGR
The Methyl Tert-Butyl Ether (MTBE) market in the U.S. is estimated at US$5.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 2.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
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