The global Triacetin Market size is projected to grow at a CAGR of 5.2% for the forecast period of 2022 to 2030.

Triacetin Market Overview:

Triacetin is an artificial chemical compound also known as glycerine triacetate. It is used as a food additive in the form of solvent, flavourings and plasticiser in cigarette filter rods in the tobacco industry, other than that it is also used as a pharmaceutical product. It is a source of food energy in artificial food regeneration systems.

The increasing demand for tobacco and cigarettes is expected to boost the growth of the triacetin market. In addition to this, the rise in the demand for packaged food and beverages along with its usage in cosmetic industry is also anticipated to act as key determinants favouring the growth of the triacetin market over the forecast period of 2021 to 2028. Also, the advantages such as low production costs, lesser side-effects and long shelf-life coupled with the plentiful supply of raw materials for triacetin are also expected to generate new opportunities of the triacetin market. However, the stringent regulations and the availability of various substitutes are likely to act as key restraints towards triacetin market growth rate in the forecast period of 2021 to 2028, whereas international quality standards and changing customer’s preference can challenge the growth of the triacetin market in the above mentioned forecast period.

Triacetin market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Triacetin market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global Triacetin market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Top Key Players include in the Triacetin Market are
Eastman Chemical Company, Lanxess AG, BASF SE, Polynt Group, Daicel Corporation, KLK OLEO, Jiangsu Ruichen Chemical Co., Ltd, Atanor S.C.A., Hefei Tnj Chemical Industry Co., Ltd., Mosselman S.A. and Yixing Kaixin Chemical Co., Ltd.

Industry News:

• In 2021, Eastman Chemical Company announced the launch of a new grade of Triacetin called TAPC (Triacetin, Acetanisole and Piroctone Olamine Complex) for use in personal care products. The new grades are designed to improve the solubility and stability of active ingredients in personal care formulations.
• In 2020, Japanese chemical company Daicel Corporation announced that it had acquired the Triacetin business of Finland-based chemical company Kemira Oyj. This acquisition strengthens Daicel's position in the triacetin market and expands its product portfolio.
• In 2019, BASF SE announced the launch of a new grade of triacetin called Elastollan SC 8888, used as a plasticizer for thermoplastic polyurethane (TPU) elastomers. The new grades are designed to improve the processing and mechanical properties of TPU elastomers.
• In 2018, Eastman Chemical Company announced that it had completed the acquisition of Taminco Corporation, a specialty chemicals company based in Belgium. The acquisition expands Eastman's portfolio of specialty chemicals, including Triacetin.

The Triacetin market research report is categorized based on type, applications and region.

On the Basis of Type:

• Tobacco Grade
• Industrial Grade
• Food Grade

On the Basis of Application:

• Anti-fungal Agents
• Stabilizers
• Additives
• Solvent
• Plasticizers
• Others

By Industry Vertical:

• Chemical & Petrochemical
• Cosmetic
• Paints and Coatings
• Adhesives
• Energy & Power
• Automotive
• Pharmaceuticals
• Food & Beverages
• Healthcare
• Others

On the Basis of Region:

Geographically, the global Triacetin market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Triacetin region is dominating this market in the upcoming future.

The global demand for triacetin holds a major value share in China during the forecast period.

There is a large demand for Triacetin in China due to the larger competitive market in the food industry and the functional properties of Triacetin which are beneficial to industrial processes. The total market share of glyceryl triacetin is estimated to grow at a high rate owing to its wide range of industrial uses and applications.

Furthermore, Eastern Europe, Australia, and the Middle East & Africa are expected to create significant opportunities for players in the triacetin market. Overall, the outlook for the global triacetin market is expected to be positive owing to growth in the food and beverage industry over the forecast period.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Triacetin Market report scope

Report Attributes	Details
Growth Rate	CAGR of 5.2% during the forecast period.
By Type	Tobacco Grade, Industrial Grade, Food Grade
By Application	Anti-fungal Agents, Stabilizers, Additives, Solvent, Plasticizers, Others
By Companies	Eastman Chemical Company, Lanxess AG, BASF SE, Polynt Group, Daicel Corporation, KLK OLEO, Jiangsu Ruichen Chemical Co., Ltd, Atanor S.C.A., Hefei Tnj Chemical Industry Co., Ltd., Mosselman S.A. and Yixing Kaixin Chemical Co., Ltd. and others
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

The major key questions addressed through this innovative research report:

What are the major challenges in front of the global Triacetin market?

Who are the key vendors of the global Triacetin market?

What are the leading key industries of the global Triacetin market?

Which factors are responsible for driving the global Triacetin market?

What are the key outcomes of SWOT and Porter’s five analysis?

What are the major key strategies for enhancing global opportunities?

What are the different effective sales patterns?

What will be the global market size in the forecast period?

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