Methyl Tertiary Butyl Ether Market is expected to reach USD 19.65 Billion by 2024 from USD 14.25 Billion in 2016 at a CAGR of 4.7%.
Escalating demand for gasoline and gasoline additives in oil & gas and marine sectors, beneficial properties of methyl tertiary butyl ether, growing automotive industry across the globe, increasing demand for solvent in chemical industry, low cost and effectiveness, are the vital growth drivers of methyl tertiary butyl ether market. Moreover, increase in adoption of methyl tertiary butyl ether for application in newer industrial vertical, and emerging economies such as China, India and others, is predicted to create new opportunities for methyl tertiary butyl ether market. Volatile prices, availability of substitute compounds, health and environmental issues related with methyl tertiary butyl ether key restraints for global methyl tertiary butyl ether market.
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