Global Triacetin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Triacetin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global triacetin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global triacetin market report has been segmented on the basis of raw material, application, end-use industry, and region.
Triacetin also known as Glyceryl triacetate or Glycerol triacetate and is a triglyceride that is used as an antifungal agent. It is used as a flavoring agent, fuel additive, humectant, solvent, plasticizer, and pharmaceutical excipient in the manufacturing of capsules and tablets. Triacetin is the triester of glycerol and acetylating agents, such as acetic acid and acetic anhydride, and is viscous, colorless, and odorless liquid, along with high boiling point. Triacetin has been approved as a ‘Generally Recognized as Safe (GRAS)’ food additive by the US Food and Drug Administration.
Increasing adoption of triacetin from various end-use industries such as tobacco, food, and pharmaceutical, is a key factor expected to drive growth of the global triacetin market over the forecast period. In addition, increasing demand for triacetin in chemical industry, owing to its compatibility with natural and synthetic rubber, and resistance to light, is another factor expected to fuel demand and drives growth of the target market over the forecast period. Furthermore, increasing R&D investment for new and cost effective cosmetic products with no side-effects, also anticipated to boost demand for triacetin and propel growth of the target market over the forecast period.
However, availability of number of substitutes with changing preference of customers is a key factor may hamper demand and restrain growth of the global triacetin market over the forecast period. In addition, fluctuating prices of raw materials, is another factor expected to hamper growth of the target market over the forecast period.
Ongoing trend observed in the global triacetin market is increasing adoption of triacetin, especially in food industry, owing to artificial food regeneration systems on long space missions and expected to continue over the forecast period.
Increasing demand for triacetin in gasoline to reduce the engine knocking and in biodiesel to improve the cold and viscosity properties, is expected to create a lucrative opportunity for players operating in the global triacetin market in the next coming years.
Analysis by Segment:Among the end-use industry segments, the tobacco industry segment is accounted for highest share in terms of revenue in the target market during the forecast period, followed by food industry and pharmaceutical industry respectively.
Analysis by Region
The market in the Asia Pacific is expected to dominant the global triacetin market in terms of revenue and is projected to witness fastest growth rate in the target market over the forecast period, owing to increasing demand from various end-use industries in developing countries such as India, China and others in the region. In addition, increasing R&D in food and pharmaceutical industries for the development of new products, is also expected to bolster growth of the target market in the region. In addition, the triacetin market in Europe is expected to register significant share in terms of revenue over the forecast period, followed by North America, the Middle East & Africa, and Latin America respectively.
Global Triacetin Market Segmentation:
Segmentation by Raw Material:
- Vegetable glycerin
- Synthetic glycerin
Segmentation by Application:
- Antifungal Agents
- Others (Stabilizers, Additive, and Anti-knocking Agent)
Segmentation by End-use Industry:
- Others (Inks, and Coatings and Adhesives)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- LANXESS AG
- BASF SE
- Polynt Group
- Eastman Chemical Company
- DAICEL CORPORATION
- Atanor S.C.A.
- Zhonglan Industry Co., Ltd.
- Jiangsu Ruijia Chemical Co., Ltd.
- Lemon-flex Company Limited China
- Merck KGaA
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