Increasing demand for Europe Ethyl Tertiary Butyl Ether in the online retailing business, coupled with high investments in RD of ETBE, are fueling the market growth.
Europe Ethyl Tertiary Butyl Ether Market Size – USD 4.07 Billion in 2018, Growth - CAGR of 9.3%, Trends – Increase in demand for Europe Ethyl Tertiary Butyl Ether in the Gasoline.
The Global Europe Ethyl Tertiary Butyl Ether Market is forecast to reach USD 9.13 Billion by 2027, according to a new report by Reports and Data. The Europe Ethyl Tertiary Butyl Ether (ETBE) is a colorless, highly flammable, semi water-soluble, volatile industrial and commercial chemical, derived from the combination of isobutylene and ethanol with a strong distinctive or sweet odor. T-Butyl ethyl ether is another trade name of this chemical compound. Europe Ethyl Tertiary Butyl Ether is mostly used in the manufacturing of gasoline as an octane boosting agent and oxygenate. ETBE is the one of the leading gasoline octane improver globally after methanol. The continuous expansion of gasoline and butyl rubber, polyisobutylene, and ethyl methacrylate (EMA) for various industrial and commercial use, are augmenting the growth of this market.
Reports and Data's Global Europe Ethyl Tertiary Butyl Ether Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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Key Companies: sabic, sinopec, royal dutch shell plc, evonik industries ag, reliance industries limited, exxon mobil corporation, lyondellbasell industries n.v., huntsman corporation, china national petroleum corporation, and emirates national oil company, among others.
The Europe Ethyl Tertiary Butyl Ether market investigation report assesses the global market for the Europe Ethyl Tertiary Butyl Ether industry and provides revenue and capability forecasts for the projected period. The factors that drive the industry's growth are highlighted in the report. The report divides the Europe Ethyl Tertiary Butyl Ether market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Further key findings from the report suggest
- ETBE is a widely used solvent and a safer alternative to monoethyl ether as the presence of tert-butyl group in ETBE, this chemical compound is prevented from forming any potentially explosive peroxides. ETBE is also used as a direct solvent in academic researches and pharmaceutical industries. ETBE has the predominant use of anti-knocking agent solvent, which prevents gasoline engine knocking. The direct solvent sub-segment is forecasted to grow with a rate of 9.8% during the period 2019 – 2027.
- Chemical intermediate sub-segment is measured to grow at a CAGR of 6.6% in the forecast period. Europe Ethyl Tertiary Butyl Ether is used as a chemical intermediate to process high purity form of polyisobutylene and laboratory chemicals.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a significant market share by 2027.
- Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 8.7% in the forecast period. Netherlands have some of the valuable players in this region.
- North America is forecasted to witness a significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 9.8% during the forecast period. US possesses the highest market share in this region and some of the vital player of the market.
Market Overview:
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Market Segmentation:
The Europe Ethyl Tertiary Butyl Ether market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Europe Ethyl Tertiary Butyl Ether market.
The global Europe Ethyl Tertiary Butyl Ether market is segmented into:
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Direct Solvent
- Chemical Intermediate
- Others
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Online Retailing
- Offline Retailing
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Industrial Fluid
- Manufacturing Industries
- Consumer Goods
- Chemical Industries
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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