Triacetin Market

Global Triacetin Market Size, Trends & Analysis - Forecasts to 2028 By Grade (Tobacco Grade, Food Grade, and Industrial Grade), By Product Type (Plasticizer, Solvent, Humectant, and Others), By End-use Industry (Tobacco, Food & Beverage, Pharmaceutical, Cosmetic, Chemical, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Chemicals & Advanced Material
Format
  • ms word
  • ms excel
  • ms ppt
  • pdf
This report was recently updated on April 7 2024 with the latest and most recent market numbers

Global Triacetin Market Size

The global triacetin market is estimated to exhibit a CAGR of 4.4% from 2023 to 2028.

The key forces driving market growth are the increased demand for food and beverages along with the growing need for cosmetic and personal hygiene products. Triacetin is used as a carrier for flavors in food products. It ensures that customers have a consistent and enjoyable sensory experience by dispersing and enhancing the taste of additional flavors. This is useful for producing a variety of foods and beverages. To achieve the right mouthfeel or texture, triacetin is added to several food items as a texturizing agent. This is especially true when producing chocolates, candies, and other confections. Additionally, consumer preferences for inventive and high-quality food items also influence triacetin demand. Triacetin is used by food manufacturers to satisfy certain tastes and enhance the consumer experience overall. For instance, the International Trade Centre (ITC) estimates that global beverage exports in 2020 were worth USD 123.49 billion.

Over the course of the forecast period, the market growth is anticipated to be supported by the growth of the pharmaceutical industry and the rising demand for tobacco. Triacetin is used as a solubilizing agent in pharmaceutical formulations. It improves the bioavailability and effectiveness of poorly soluble medications by increasing their solubility. This is especially important when developing oral drugs. When creating pharmaceutical emulsions, triacetin is used as an emulsification agent. Certain medication types are delivered using emulsions, and triacetin stabilizes these formulations to guarantee uniform drug distribution. Additionally, triacetin is frequently used in the manufacturing of soft gelatin capsules, which are widely utilized in the pharmaceutical sector. It enhances the capsule shell's elasticity and flexibility, enabling the encapsulation of different liquid and semi-solid medication compositions. For instance, the Cosmetics Toiletry and Perfumery Association (CTPA) reports that global sales of hand care products increased by 26.2 percent from USD 60.56 million (EUR 54.094 million) in 2020 to USD 77.95 million (EUR 68.25 million) in 2021.

Improvements in the manufacturing processes of triacetin along with a focus on environmentally friendly and sustainable products are propelling the market growth. The chemical industry is witnessing a growing trend of using renewable and biobased raw resources. Technological advancements in bio-based production techniques can be advantageous for triacetin, which is conventionally derived from petrochemical sources. Procedures that employ ecologically favorable feedstocks, including glycerol generated from biomass, can help produce triacetin more sustainably. Additionally, the primary objective of green chemistry is to create goods and procedures with the least possible negative effects on the environment. Manufacturers of triacetin can incorporate green chemistry ideas into their manufacturing processes, resulting in more environmentally friendly and sustainable procedures.

Offering specialized triacetin solutions to meet the demands and uses of particular industries can be a lucrative opportunity. Companies can differentiate themselves in the market by customizing their products to fit the demands of certain industries, such as food, pharmaceutical, cosmetic, and industrial. Moreover, consumer preferences for clean labels and natural products present an opportunity for triacetin manufacturers. Developing and marketing triacetin as a natural or clean-label ingredient can attract health-conscious consumers. However, the stringent regulations and fluctuating raw material prices are hindering market growth.

global triacetin market

Global Triacetin Market: By Grade

The food grade segment is expected to hold the largest share of the market. The need for food additives, such as triacetin, has been driven by the global trend towards convenience and processed foods. The use of processed and ready-to-eat foods by customers has increased the need for components like triacetin in food preparations. Moreover, triacetin is utilized in the bakery and confectionery industry for its humectant properties. It keeps products like sweets, cakes, and pastries from drying out, preserving their freshness and lengthening their shelf life.

The tobacco grade segment is expected to be the fastest-growing segment in the market from 2023-2028. In the tobacco industry, triacetin is frequently utilized as a plasticizer in cigarette filters. The tobacco market's growth worldwide, especially in developing nations, can fuel this segment's growth. Moreover, triacetin use can rise as a result of innovations in tobacco products, such as the creation of novel cigarette varieties or substitute tobacco products. Manufacturers can turn to triacetin or other functional additives to improve the qualities and features of their products.

Global Triacetin Market: By Product Type

The humectant segment is expected to hold the largest share of the market. Triacetin is a good humectant, meaning that it can draw in and hold onto moisture. Its capacity to retain moisture makes it useful in a variety of applications, including food, cosmetics, and medicines, where it is essential to the stability and quality of the final product. Moreover, consumer preferences for products with enhanced moisturizing properties drive the demand for humectants like triacetin. This is especially true in the personal care and cosmetics industries, where customers want for goods that retain moisture and provide hydration.

The plasticizer is anticipated to be the fastest-growing segment in the market from 2023-2028. The need for plasticizers like triacetin can be fuelled by industries looking for flexible and lightweight materials, such as those used in packaging and automotive applications. The emphasis on reducing material weight for fuel efficiency can contribute to the growth of this segment.

Global Triacetin Market: By End-use Industry

The tobacco segment is expected to hold the largest share of the market. The global prevalence of smoking and changes in smoking habits across different regions can impact the demand for triacetin in the tobacco industry. Shifts in smoking trends, including the consumption of alternative tobacco products, may influence the use of triacetin.

The pharmaceutical segment is anticipated to be the fastest-growing segment in the market from 2023-2028. In some parenteral formulations (injectable medicines), triacetin can be utilized as a co-solvent. Triacetin growth in this segment can be aided by the need for appropriate co-solvents as the pharmaceutical industry creates novel injectable medication formulations.

asia pacific triacetin market

Global Triacetin Market: By Region

North America is expected to be the largest region in the global market. With the pharmaceutical industry's emphasis on improving drug absorption and efficacy, the use of triacetin in formulations can contribute to the growth of the North American market. Triacetin is a well-known solubilizing agent that can increase the bioavailability of medications with limited water solubility. For instance, according to the Federal Reserve Bank of St. Louis, sales of drugs and medicines in the United States increased by 7% to USD 622.82 billion in 2022.

Asia Pacific is anticipated to witness rapid growth during the forecast period. The Asia Pacific region has become a major hub for the manufacturing of electronic cigarettes (e-cigarettes) and related products. To improve the vaping experience, triacetin is frequently added as an ingredient to e-cigarette liquids (e-liquids). The demand for triacetin is influenced by the region's concentration of e-cigarette manufacturers. For instance, according to Tobacco Asia (2023), 90% of the e-cigarettes sold worldwide, are made in China, mostly in Shenzhen.

Global Triacetin Market Share and Competitor Analysis

Daicel Corporation, Eastman Chemical Company, Jiangsu Lemon Chemical & Technology Co., Ltd., WeylChem Group, KLK Oleo, Liaoning Huaxing Chemical Group Co., Ltd., Henan GP Chemicals Co., Ltd., Celanese Corporation, Haihang Industry Co., Ltd., Laxmi Organic Industries Ltd., and ChemCeed LLC, among others, are some of the key players in the global triacetin market.

Please note: This is not an exhaustive list of companies profiled in the report.

Recent Developments

In 2022, Daicel Corporation launched CELTOL. They are used with coated and printed electronic components, such as laminated ceramic capacitors, as conductive paste and insulating ink.

In 2020, Eastman and DKSH, a top market expansion services provider, signed a strategic deal that allows Eastman to distribute its cutting-edge personal care products throughout the vibrant Asia Pacific region.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL TRIACETIN  MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2           Adjacent Market Opportunities

3.1.3           Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1           Market Drivers: Impact Analysis

3.2.2           Market Restraints: Impact Analysis

3.2.3           Market Opportunities: Impact Analysis

3.2.4           Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1           Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2           SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 End-use Industry Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL TRIACETIN MARKET, BY GRADE

4.1   Introduction

4.2   Triacetin Market: Grade Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Tobacco Grade

4.4.1           Tobacco Grade Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Food Grade

4.5.1           Food Grade Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   Industrial Grade

4.6.1           Industrial Grade Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL TRIACETIN MARKET, BY PRODUCT TYPE

5.1   Introduction

5.2   Triacetin Market: Product Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Plasticizer

5.4.1           Plasticizer Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Solvent

5.5.1           Solvent Market Estimates and Forecast, 2020-2028 (USD Million)

5.6   Humectant

5.6.1           Humectant Market Estimates and Forecast, 2020-2028 (USD Million)

5.7   Others

5.7.1           Others Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL TRIACETIN MARKET, BY END-USE INDUSTRY

6.1   Introduction

6.2   Triacetin Market: End-use Industry Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Tobacco

6.4.1           Tobacco Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Food & Beverage

6.5.1           Food & Beverage Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Pharmaceutical

6.6.1           Pharmaceutical Market Estimates and Forecast, 2020-2028 (USD Million)

6.7   Cosmetic

6.7.1           Cosmetic Market Estimates and Forecast, 2020-2028 (USD Million)

6.8   Chemical

6.8.1           Chemical Market Estimates and Forecast, 2020-2028 (USD Million)

6.9   Others

6.9.1           Others Market Estimates and Forecast, 2020-2028 (USD Million)

7          GLOBAL TRIACETIN MARKET, BY REGION

7.1   Introduction

7.2   North America Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.1        By Grade

7.2.2        By Product Type

7.2.3        By End-use Industry

7.2.4        By Country

7.2.4.1     U.S. Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.1.1        By Grade

7.2.4.1.2        By Product Type

7.2.4.1.3        By End-use Industry

7.2.4.2     Canada Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.2.1        By Grade

7.2.4.2.2        By Product Type

7.2.4.2.3        By End-use Industry

7.2.4.3     Mexico Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.3.1        By Grade

7.2.4.3.2        By Product Type

7.2.4.3.3        By End-use Industry

7.3   Europe Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.1        By Grade

7.3.2        By Product Type

7.3.3        By End-use Industry

7.3.4        By Country

7.3.4.1     Germany Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.1.1        By Grade

7.3.4.1.2        By Product Type

7.3.4.1.3        By End-use Industry

7.3.4.2     U.K. Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.2.1        By Grade

7.3.4.2.2        By Product Type

7.3.4.2.3        By End-use Industry

7.3.4.3     France Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.3.1        By Grade

7.3.4.3.2        By Product Type

7.3.4.3.3        By End-use Industry

7.3.4.4     Italy Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.4.1        By Grade

7.3.4.4.2        By Product Type

7.2.4.4.3        By End-use Industry

7.3.4.5     Spain Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.5.1        By Grade

7.3.4.5.2        By Product Type

7.2.4.5.3        By End-use Industry

7.3.4.6     Netherlands Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.6.1        By Grade

7.3.4.6.2        By Product Type

7.2.4.6.3        By End-use Industry

7.3.4.7     Rest of Europe Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1        By Grade

7.3.4.7.2        By Product Type

7.2.4.7.3        By End-use Industry

7.4   Asia Pacific Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.1        By Grade

7.4.2        By Product Type

7.4.3        By End-use Industry

7.4.4        By Country

7.4.4.1     China Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.1.1        By Grade

7.4.4.1.2        By Product Type

7.4.4.1.3        By End-use Industry

7.4.4.2     Japan Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.2.1        By Grade

7.4.4.2.2        By Product Type

7.4.4.2.3        By End-use Industry

7.4.4.3     India Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.3.1        By Grade

7.4.4.3.2        By Product Type

7.4.4.3.3        By End-use Industry

7.4.4.4     South Korea Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.4.1        By Grade

7.4.4.4.2        By Product Type

7.4.4.4.3        By End-use Industry

7.4.4.5     Singapore Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.5.1        By Grade

7.4.4.5.2        By Product Type

7.4.4.5.3        By End-use Industry

7.4.4.6     Malaysia Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.6.1        By Grade

7.4.4.6.2        By Product Type

7.4.4.6.3        By End-use Industry

7.4.4.7     Thailand Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1        By Grade

7.4.4.7.2        By Product Type

7.4.4.7.3        By End-use Industry

7.4.4.8     Indonesia Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.8.1        By Grade

7.4.4.8.2        By Product Type

7.4.4.8.3        By End-use Industry

7.4.4.9     Vietnam Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.9.1        By Grade

7.4.4.9.2        By Product Type

7.4.4.9.3        By End-use Industry

7.4.4.10  Taiwan Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.10.1 By Grade

7.4.4.10.2 By Product Type

7.4.4.10.3 By End-use Industry

7.4.4.11  Rest of Asia Pacific Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.11.1 By Grade

7.4.4.11.2 By Product Type

7.4.4.11.3 By End-use Industry

7.5   Middle East and Africa Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.1        By Grade

7.5.2        By Product Type

7.5.3        By End-use Industry

7.5.4        By Country

7.5.4.1     Saudi Arabia Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.1.1        By Grade

7.5.4.1.2        By Product Type

7.5.4.1.3        By End-use Industry

7.5.4.2     U.A.E. Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.2.1        By Grade

7.5.4.2.2        By Product Type

7.5.4.2.3        By End-use Industry

7.5.4.3     Israel Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.3.1        By Grade

7.5.4.3.2        By Product Type

7.5.4.3.3        By End-use Industry

7.5.4.4     South Africa Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.4.1        By Grade

7.5.4.4.2        By Product Type

7.5.4.4.3        By End-use Industry

7.5.4.5     Rest of Middle East and Africa Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.5.1        By Grade

7.5.4.5.2        By Product Type

7.5.4.5.2        By End-use Industry

7.6   Central and South America Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.1        By Grade

7.6.2        By Product Type

7.6.3        By End-use Industry

7.6.4        By Country

7.6.4.1     Brazil Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.1.1        By Grade

7.6.4.1.2        By Product Type

7.6.4.1.3        By End-use Industry

7.6.4.2     Argentina Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.2.1        By Grade

7.6.4.2.2        By Product Type

7.6.4.2.3        By End-use Industry

7.6.4.3     Chile Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.3.1        By Grade

7.6.4.3.2        By Product Type

7.6.4.3.3        By End-use Industry

7.6.4.4     Rest of Central and South America Triacetin Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.4.1        By Grade

7.6.4.4.2        By Product Type

7.6.4.4.3        By End-use Industry

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Daicel Corporation

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Eastman Chemical Company

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Jiangsu Lemon Chemical & Technology Co., Ltd.

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        WeylChem Group

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        KLK Oleo

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        LIAONING HUAXING CHEMICAL GROUP CO., LTD.

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        Henan GP Chemicals Co., Ltd.  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        Celanese Corporation

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Haihang Industry Co., Ltd.

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       Laxmi Organic Industries Ltd.

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2           Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Grade Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2           Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1           Inhouse AI Based Real Time Analytics Tool

9.5.2           Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Triacetin Market, By Grade, 2020-2028 (USD Mllion)

2 Tobacco Grade Market, By Region, 2020-2028 (USD Mllion)              

3 Food Grade Market, By Region, 2020-2028 (USD Mllion)      

4 Industrial Grade Market, By Region, 2020-2028 (USD Mllion)         

5 Global Triacetin Market, By Product Type, 2020-2028 (USD Mllion)            

6 Plasticizer Market, By Region, 2020-2028 (USD Mllion)

7 Solvent Market, By Region, 2020-2028 (USD Mllion)

8 Humectant Market, By Region, 2020-2028 (USD Mllion)       

9 Others Market, By Region, 2020-2028 (USD Mllion)

10 Global Triacetin Market, By End-use Industry, 2020-2028 (USD Mllion)

11 Tobacco Market, By Region, 2020-2028 (USD Mllion)             

12 Food & Beverage Market, By Region, 2020-2028 (USD Mllion)          

13 Pharmaceutical Market, By Region, 2020-2028 (USD Mllion)           

14 Cosmetic Market, By Region, 2020-2028 (USD Mllion)           

15 Chemical Market, By Region, 2020-2028 (USD Mllion)           

16 Others Market, By Region, 2020-2028 (USD Mllion)

17 Regional Analysis, 2020-2028 (USD Mllion)

18 North America Triacetin Market, By Grade, 2020-2028 (USD Million)

19 North America Triacetin Market, By Product Type, 2020-2028 (USD Million)

20 North America Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

21 North America Triacetin Market, By Country, 2020-2028 (USD Million)

22 U.S Triacetin Market, By Grade, 2020-2028 (USD Million)

23 U.S Triacetin Market, By Product Type, 2020-2028 (USD Million)

24 U.S Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

25 Canada Triacetin Market, By Grade, 2020-2028 (USD Million)

26 Canada Triacetin Market, By Product Type, 2020-2028 (USD Million)

27 Canada Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

28 Mexico Triacetin Market, By Grade, 2020-2028 (USD Million)

29 Mexico Triacetin Market, By Product Type, 2020-2028 (USD Million)

30 Mexico Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

31 Europe Triacetin Market, By Grade, 2020-2028 (USD Million)

32 Europe Triacetin Market, By Product Type, 2020-2028 (USD Million)

33 Europe Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

34 Europe Triacetin Market, By Country 2020-2028 (USD Million)

35 Germany Triacetin Market, By Grade, 2020-2028 (USD Million)

36 Germany Triacetin Market, By Product Type, 2020-2028 (USD Million)

37 Germany Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

38 U.K Triacetin Market, By Grade, 2020-2028 (USD Million)

39 U.K Triacetin Market, By Product Type, 2020-2028 (USD Million)

40 U.K Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

41 France Triacetin Market, By Grade, 2020-2028 (USD Million)

42 France Triacetin Market, By Product Type, 2020-2028 (USD Million)

43 France Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

44 Italy Triacetin Market, By Grade, 2020-2028 (USD Million)

45 Italy Triacetin Market, By Product Type, 2020-2028 (USD Million)

46 Italy Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

47 Spain Triacetin Market, By Grade, 2020-2028 (USD Million)

48 Spain Triacetin Market, By Product Type, 2020-2028 (USD Million)

49 Spain Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

50 Netherlands Triacetin Market, By Grade, 2020-2028 (USD Million)

51 Netherlands Triacetin Market, By Product Type, 2020-2028 (USD Million)

52 Netherlands Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

53 Rest Of Europe Triacetin Market, By Grade, 2020-2028 (USD Million)

54 Rest Of Europe Triacetin Market, By Product Type, 2020-2028 (USD Million)

55 Rest of Europe Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

56 Asia Pacific Triacetin Market, By Grade, 2020-2028 (USD Million)

57 Asia Pacific Triacetin Market, By Product Type, 2020-2028 (USD Million)

58 Asia Pacific Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

59 Asia Pacific Triacetin Market, By Country, 2020-2028 (USD Million)

60 China Triacetin Market, By Grade, 2020-2028 (USD Million)

61 China Triacetin Market, By Product Type, 2020-2028 (USD Million)

62 China Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

63 India Triacetin Market, By Grade, 2020-2028 (USD Million)

64 India Triacetin Market, By Product Type, 2020-2028 (USD Million)

65 India Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

66 Japan Triacetin Market, By Grade, 2020-2028 (USD Million)

67 Japan Triacetin Market, By Product Type, 2020-2028 (USD Million)

68 Japan Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

69 South Korea Triacetin Market, By Grade, 2020-2028 (USD Million)

70 South Korea Triacetin Market, By Product Type, 2020-2028 (USD Million)

71 South Korea Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

72 malaysia Triacetin Market, By Grade, 2020-2028 (USD Million)

73 malaysia Triacetin Market, By Product Type, 2020-2028 (USD Million)

74 malaysia Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

75 Thailand Triacetin Market, By Grade, 2020-2028 (USD Million)

76 Thailand Triacetin Market, By Product Type, 2020-2028 (USD Million)

77 Thailand Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

78 Indonesia Triacetin Market, By Grade, 2020-2028 (USD Million)

79 Indonesia Triacetin Market, By Product Type, 2020-2028 (USD Million)

80 Indonesia Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

81 Vietnam Triacetin Market, By Grade, 2020-2028 (USD Million)

82 Vietnam Triacetin Market, By Product Type, 2020-2028 (USD Million)

83 Vietnam Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

84 Taiwan Triacetin Market, By Grade, 2020-2028 (USD Million)

85 Taiwan Triacetin Market, By Product Type, 2020-2028 (USD Million)

86 Taiwan Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

87 Rest of Asia Pacific Triacetin Market, By Grade, 2020-2028 (USD Million)

88 Rest of Asia Pacific Triacetin Market, By Product Type, 2020-2028 (USD Million)

89 Rest of Asia Pacific Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

90 Middle East and Africa Triacetin Market, By Grade, 2020-2028 (USD Million)

91 Middle East and Africa Triacetin Market, By Product Type, 2020-2028 (USD Million)

92 Middle East and Africa Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

93 Middle East and Africa Triacetin Market, By Country, 2020-2028 (USD Million)

94 Saudi Arabia Triacetin Market, By Grade, 2020-2028 (USD Million)

95 Saudi Arabia Triacetin Market, By Product Type, 2020-2028 (USD Million)

96 Saudi Arabia Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

97 UAE Triacetin Market, By Grade, 2020-2028 (USD Million)

98 UAE Triacetin Market, By Product Type, 2020-2028 (USD Million)

99 UAE Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

100 Israel Triacetin Market, By Grade, 2020-2028 (USD Million)

101 Israel Triacetin Market, By Product Type, 2020-2028 (USD Million)

102 Israel Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

103 South Africa Triacetin Market, By Grade, 2020-2028 (USD Million)

104 South Africa Triacetin Market, By Product Type, 2020-2028 (USD Million)

105 South Africa Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

106 Rest of Middle East and Africa Triacetin Market, By Grade, 2020-2028 (USD Million)

107 Rest of Middle East and Africa Triacetin Market, By Product Type, 2020-2028 (USD Million)

108 Rest of Middle East and Africa Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

109 Central and South America Triacetin Market, By Grade, 2020-2028 (USD Million)

110 Central and South America Triacetin Market, By Product Type, 2020-2028 (USD Million)

111 Central and South America Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

112 Central and South America Triacetin Market, By Country, 2020-2028 (USD Million)

113 Brazil Triacetin Market, By Grade, 2020-2028 (USD Million)

114 Brazil Triacetin Market, By Product Type, 2020-2028 (USD Million)

115 Brazil Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

116 Argentina Triacetin Market, By Grade, 2020-2028 (USD Million)

117 Argentina Triacetin Market, By Product Type, 2020-2028 (USD Million)

118 Argentina Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

119 Chile Triacetin Market, By Grade, 2020-2028 (USD Million)

120 Chile Triacetin Market, By Product Type, 2020-2028 (USD Million)

121 Chile Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

122 Rest of Central and South America Triacetin Market, By Grade, 2020-2028 (USD Million)

123 Rest of Central and South America Triacetin Market, By Product Type, 2020-2028 (USD Million)

124 Rest of Central and South America Triacetin Market, By End-use Industry, 2020-2028 (USD Million)

125 Daicel Corporation: Products & Services Offering

126 Eastman Chemical Company: Products & Services Offering            

127 Jiangsu Lemon Chemical & Technology Co., Ltd.: Products & Services Offering

128 WeylChem Group: Products & Services Offering    

129 KLK Oleo: Products & Services Offering      

130 LIAONING HUAXING CHEMICAL GROUP CO., LTD.: Products & Services Offering

131 Henan GP Chemicals Co., Ltd. : Products & Services Offering         

132 Celanese Corporation: Products & Services Offering        

133 Haihang Industry Co., Ltd., Inc: Products & Services Offering      

134 Laxmi Organic Industries Ltd.: Products & Services Offering       

135 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global Triacetin Market Overview

2 Global Triacetin Market Value From 2020-2028 (USD Mllion)

3 Global Triacetin Market Share, By Grade (2022)

4 Global Triacetin Market Share, By Product Type (2022)

5 Global Triacetin Market Share, By End-use Industry (2022)

6 Global Triacetin Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Triacetin Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Triacetin Market

11 Impact Of Challenges On The Global Triacetin Market

12 Porter’s Five Forces Analysis

13 Global Triacetin Market: By Grade Scope Key Takeaways

14 Global Triacetin Market, By Grade Segment: Revenue Growth Analysis

15 Tobacco Grade Market, By Region, 2020-2028 (USD Mllion) 

16 Food Grade Market, By Region, 2020-2028 (USD Mllion)

17 Industrial Grade Market, By Region, 2020-2028 (USD Mllion)           

18 Global Triacetin Market: By Product Type Scope Key Takeaways

19 Global Triacetin Market, By Product Type Segment: Revenue Growth Analysis

20 Plasticizer Market, By Region, 2020-2028 (USD Mllion)         

21 Solvent Market, By Region, 2020-2028 (USD Mllion)  

22 Humectant Market, By Region, 2020-2028 (USD Mllion)        

23 Others Market, By Region, 2020-2028 (USD Mllion)    

24 Global Triacetin Market: By End-use Industry Scope Key Takeaways

25 Global Triacetin Market, By End-use Industry Segment: Revenue Growth Analysis

26 Tobacco Market, By Region, 2020-2028 (USD Mllion) 

27 Food & Beverage Market, By Region, 2020-2028 (USD Mllion)

28 Pharmaceutical Market, By Region, 2020-2028 (USD Mllion)

29 Cosmetic Market, By Region, 2020-2028 (USD Mllion)           

30 Chemical Market, By Region, 2020-2028 (USD Mllion)           

31 Others Market, By Region, 2020-2028 (USD Mllion)    

32 Regional Segment: Revenue Growth Analysis

33 Global Triacetin Market: Regional Analysis

34 North America Triacetin Market Overview

35 North America Triacetin Market, By Grade

36 North America Triacetin Market, By Product Type

37 North America Triacetin Market, By End-use Industry

38 North America Triacetin Market, By Country

39 U.S. Triacetin Market, By Grade

40 U.S. Triacetin Market, By Product Type

41 U.S. Triacetin Market, By End-use Industry

42 Canada Triacetin Market, By Grade

43 Canada Triacetin Market, By Product Type

44 Canada Triacetin Market, By End-use Industry

45 Mexico Triacetin Market, By Grade

46 Mexico Triacetin Market, By Product Type

47 Mexico Triacetin Market, By End-use Industry

48 Four Quadrant Positioning Matrix

49 Company Market Share Analysis

50 Daicel Corporation: Company Snapshot

51 Daicel Corporation: SWOT Analysis

52 Daicel Corporation: Geographic Presence

53 Eastman Chemical Company: Company Snapshot

54 Eastman Chemical Company: SWOT Analysis

55 Eastman Chemical Company: Geographic Presence

56 Jiangsu Lemon Chemical & Technology Co., Ltd.: Company Snapshot

57 Jiangsu Lemon Chemical & Technology Co., Ltd.: SWOT Analysis

58 Jiangsu Lemon Chemical & Technology Co., Ltd.: Geographic Presence

59 WeylChem Group: Company Snapshot

60 WeylChem Group: Swot Analysis

61 WeylChem Group: Geographic Presence

62 KLK Oleo: Company Snapshot

63 KLK Oleo: SWOT Analysis

64 KLK Oleo: Geographic Presence

65 LIAONING HUAXING CHEMICAL GROUP CO., LTD.: Company Snapshot

66 LIAONING HUAXING CHEMICAL GROUP CO., LTD.: SWOT Analysis

67 LIAONING HUAXING CHEMICAL GROUP CO., LTD.: Geographic Presence

68 Henan GP Chemicals Co., Ltd. : Company Snapshot

69 Henan GP Chemicals Co., Ltd. : SWOT Analysis

70 Henan GP Chemicals Co., Ltd. : Geographic Presence

71 Celanese Corporation: Company Snapshot

72 Celanese Corporation: SWOT Analysis

73 Celanese Corporation: Geographic Presence

74 Haihang Industry Co., Ltd., Inc.: Company Snapshot

75 Haihang Industry Co., Ltd., Inc.: SWOT Analysis

76 Haihang Industry Co., Ltd., Inc.: Geographic Presence

77 Laxmi Organic Industries Ltd.: Company Snapshot

78 Laxmi Organic Industries Ltd.: SWOT Analysis

79 Laxmi Organic Industries Ltd.: Geographic Presence

80 Other Companies: Company Snapshot

81 Other Companies: SWOT Analysis

82 Other Companies: Geographic Presence

The Global Triacetin Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Triacetin Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Triacetin Market.

Triacetin Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Triacetin Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Triacetin Market Share

We value your investment and offer free customization with every report to fulfil your exact research needs.
This website is secure and your personal details are safe. Privacy
You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The global triacetin market is estimated to exhibit a CAGR of 4.4% from 2023 to 2028.
Daicel Corporation, Eastman Chemical Company, Jiangsu Lemon Chemical & Technology Co., Ltd., WeylChem Group, KLK Oleo, Liaoning Huaxing Chemical Group Co., Ltd., Henan GP Chemicals Co., Ltd., Celanese Corporation, Haihang Industry Co., Ltd., Laxmi Organic Industries Ltd., and ChemCeed LLC, among others, are some of the key players in the global triacetin market.
Offering specialized triacetin solutions to meet the demands and uses of particular industries can be a lucrative opportunity. Companies can differentiate themselves in the market by customizing their products to fit the demands of certain industries, such as food, pharmaceutical, cosmetic, and industrial. Moreover, consumer preferences for clean labels and natural products present an opportunity for triacetin manufacturers. Developing and marketing triacetin as a natural or clean-label ingredient can appeal to health-conscious consumers.
The key forces driving market growth are the increased demand for food and beverages, the growth of the pharmaceutical industry, and the growing need for cosmetic and personal hygiene products. Moreover, improvements in the manufacturing processes of triacetin along with a focus on environmentally friendly and sustainable products are propelling the market growth.

Tailor made solutions just for you

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

OUR CLIENTS

  • Client of Global Market Estimates - Fedex
  • Client of Global Market Estimates - Samsung
  • Client of Global Market Estimates - Siemens
  • Client of Global Market Estimates - Lonza
  • Client of Global Market Estimates - DuPont
  • Client of Global Market Estimates - Medtronic
  • Client of Global Market Estimates - Toray
  • Client of Global Market Estimates - Signify
  • Client of Global Market Estimates - Teledyne
  • Client of Global Market Estimates - Trelleborg
  • Client of Global Market Estimates - Kikkoman Biochemifa
  • Client of Global Market Estimates - Leoni
  • Client of Global Market Estimates - Molnlycke
  • Client of Global Market Estimates - Spirent
  • Client of Global Market Estimates - Tokyo Electron Limited
  • Client of Global Market Estimates - Aranca
  • Client of Global Market Estimates - Asahi Kasei
  • Client of Global Market Estimates - Chimai
  • Client of Global Market Estimates - Grapsud
  • Client of Global Market Estimates - Horiba
  • Client of Global Market Estimates - Indorama
  • Client of Global Market Estimates - L&T
  • Client of Global Market Estimates - Integralife
  • Client of Global Market Estimates - Synamedia
  • Client of Global Market Estimates - Sorrento Therapeutics
  • Client of Global Market Estimates - Solenis
  • Client of Global Market Estimates - Sartorius