Global Triacetin Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Triacetin which is known as glyceryl triacetate and it is a pharmaceutical suspending agent used in the manufacturing of capsules and tablets and has been used as a humectant, plasticiser, and solvent. It is a form of a liquid and has been approved by the FDA as a food additive.

Global Triacetin Market Segments Size & Growth:

Triacetin Market is accounted as USD 238.5 million in 2017 and expected to grow at a CAGR of 4.95% to reach 315.75 million by 2024 during the forecast period 2018-2024. The major drivers for this market are pharmaceutical & food sectors. The United States of Food & Drug Administration (FDA) has permitted to use triacetin in the food industry as food additives.

Global Triacetin Market Segments Share:

Among all the regions, Asia Pacific has the largest market share for this market. Growing population, an increase in the number of end-user industries have led the path for the demand of the Triacetin in the Asia Pacific region, which in turn help to grow the market in this region. In addition to the research and development in the additives is done by the end-user industries, for example in the food & beverages and pharmaceutical industries are developing the new products, which in turn fueling the growth of the triacetin market in this region. The increase in market share is seen as developing regions rather than the developed regions by the producers and manufacturers. The companies for this product are majorly spread in the countries such as Germany, Japan, China, and the United States.

By grades, it is segmented as tobacco, food and industrial grade. By the product type, it is further segmented as Plasticizer, Solvent, and Humectant. By application, it is further classified as pharmaceutical, food additives, cosmetics, metal processing, plasticisers and others. Chewing gum is the major application in plasticisers segment. In the cosmetic industry, nail polish contains the use of triacetin as a plasticising agent. It helps to manufacture Cellulose Acetate; it is used to manufacture cigarette filters. Triacetin is also suitable for imparting plasticity and flow to laminating resins, particularly at low temperatures.

Global Triacetin Market Trends:

• Feb 13, 2018, BASF increases prices for its resins and additives portfolios in the Asia Pacific by up to 15%. This includes the Asia Pacific, depending on the product type. Price adjustments are necessary due to higher raw material prices, transportation, and packaging costs.
• Feb 9, 2018, BASF plans to expand production capacity for Alkyl Polyglucosides at sites in Jinshan, China, and Cincinnati, Ohio, USA

Global Triacetin Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market

Major key players are as follows.

• Eastman Chemical Company
• Lanxess AG
• BASF SE
• Polynt Group
• Daicel Corporation
• KLK OLEO