Europe MTBE Gasoline Additives Market Size, Share, Growth, Trends and Industry Analysis: By Manufacturing Type (Steam Cracker, Fluid Liquid Cracker, Dehydrogenation, Dehydration), By Application (Gasoline Additive, and others), and Country Forecast 2020-2031

Europe MTBE Gasoline Additives Market Dynamics

Development and launch of innovative gasoline additives by the market players enables surge in the MTBE gasoline additives market demand over the forecast years. For instance, MTBE is produced in very large quantities (over 200,000 barrels per day in the U.S. in 1999) and is almost exclusively used as a fuel additive in motor gasoline. Based on application, Europe MTBE gasoline additives is segmented into gasoline additives and others. The gasoline application segment led the MTBE market, in terms of value, in 2016. This can be attributed to the high demand for gasoline from APAC, Middle East & Africa, and Latin American countries such as China, Saudi Arabia, and Mexico. More than 90% MTBE is used for gasoline blending due to its high consumption in terms of volume.

When used in gasoline engines, it enables reduction in the knocking effect that leads to inefficient burning and engine damage. MTBE has been used in gasoline since 1979 due to environmental and health concerns. The use of MTBE as gasoline additive started with the replacement of metallic additives, such as lead and Methylcyclopentadienyl Manganese Tricarbonyl (MMT). APAC is the largest consumer of MTBE for gasoline blending due to the expanding vehicle fleets and growing urbanization in the region.