Global Triacetin Market Outlook 2017-2022

The global triacetin market is anticipated to rise at a staggering CAGR of 4.4% by 2022. Triacetin is recognized as a safe food ingredient by the United States Food and Drug Administration (FDA). It finds extensive use in the cosmetic formulations and pharmaceuticals. It is almost considered as non-toxic and poses no threat to wildlife. Commercially, triacetin is known for its low volatility and high solvency and is used in the production of cosmetic products. It is used as a plasticizer in production of copolymers, ethyl cellulose, nitrocellulose and vinylidene polymers. 

The triacetin market is driven by rising consumption of triacetin as a plasticizer, humectant and solvent in end-user industries. Pharmaceutical and food sector are major drivers for the market growth. In addition, USFDA has allowed the use of triacetin as a food additive. Adding flavors to the food products acts like a solvent in the food industry. It is used in the cosmetic industry for the production of nail polish. In addition, it is also used in the metal extraction upto a maximum extent.

By grade, the triacetin market is segmented as food, industrial and tobacco. Tobacco segment is anticipated to rise at a significant rate owing to rise in use of tobacco in cigarette filters. Product segment for market comprises humectant, solvent and plasticizer. End-user category for market comprises pharmaceutical, cosmetic, chemical, tobacco and food & beverage.

Geographical segmentation for triacetin market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are anticipated to rise at a significant CAGR during the forecast period due to rise in demand from end-use industries in emerging economies. In addition, use of triacetin in the cosmetic industry in the APAC sector is likely to result in a higher CAGR during the forecast period.

North America and South America are more likely to have a higher market share owing to extensive use of triacetin in the food and pharmaceutical industry. The key players profiled in the triacetin market report are Eastman Chemical, BASF, LANXESS, Diacel Corp and Polynt Group.

The global market for triacetin (CAS 102-76-1) will grow at a CAGR of 4.4% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (tobacco, food & beverage, pharmaceutical, cosmetic, industrial, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the triacetin market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the triacetin market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the triacetin market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global triacetin market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the tobacco, food & beverage, pharmaceutical, cosmetic, industrial, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global triacetin market.

Key Applications
- Tobacco
- Food & Beverage
- Pharmaceutical
- Cosmetic
- Industrial

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- BASF
- Daicel
- Eastman
- Henan Huayin Chemical
- Jiangsu Licheng Chemica
- Jiangsu Ruijia Chemistry
- KLK OLEO
- Lanxess
- Mosselman S.A.
- Polynt Group
- Wuxi Kailai Biotechnology
- Yixing Kaixin Chemical
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global triacetin market?
- What are the challenges to market growth?
- Who are the key players in the triacetin market?
- What are the market opportunities and threats faced by the key players?