Triacetin/Glyceral Triacetate Market Size, Product Trends, Key...

Triacetin/Glyceral Triacetate Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2028

Posted 2022-12-15 10:50:09

Reports and Data estimates the global Triacetin/Glyceral Triacetate competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2030 as the forecast period. The report offers CAGR and market size for the global Triacetin/Glyceral Triacetate during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Anhui Hongyang Chemical Co. Ltd., BASF, Croda International Plc, Daicel Corporation, Eastman Chemical Company, Emery Oleochemicals, Henan Huayin, Henkel AG & Co., Jiangsu Licheng Chemica, Jiangsu Lemon, Jiangsu Ruijia Chemistry, Jinlong Technolgy Group Co. Ltd., LANXESS, Multichem Specialities Pvt. Ltd., Polynt Group, Rubexco Chemical Imports, Shanghai Innojade International Co. Ltd, Wuxi Kailai Biotechnology, Yixing Kaixin Chemical, Yunnan Huanteng and Zhonglan Industry Co. Ltd.

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Triacetin/Glyceral Triacetate Overview :-

The global Triacetin/Glyceral Triacetate market was valued at USD 280.9 Million in 2020 and is expected to reach USD 391.3 Million by year 2028, at a CAGR of 4.2%. The Triacetin or Glyceral triacetate is even called as 1, 2, 3-triacetoxypropane. It is the three combinations of glycerol and acetic acid. It has been widely used in fragrances and flavours. Even, Triacetin is a plasticizer used for nitrocellulose, ethyl cellulose and cellulose acetate which is used to manufacture cigarette filters in the cigarette industry and even used in chewing gums as emulsifiers. In India, the Bureau of Indian Standards (BIS) has specified the maximum permissible limit of Triacetin/Glyceral Triacetate in cosmetic products as 0.5%.

Triacetin is used in the tobacco industry as a plasticizer in cigarette filter rods. The increasing consumption of cigarettes across the globe has resulted in the growth of the tobacco industry, which has, in turn, increased the demand for triacetin from this end-use segment. It also acts as an excipient in medicinal products, where it is used as a plasticizer in pharmaceutical industry. The product is known for its low volatility and high solvency power. Triacetin is used as a humectant to maintain moisture in the cosmetics. It is used as in nail polishes.

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For the purpose of this report Reports and Data has segmented global Triacetin/Glyceral Triacetate market on the basis of type, application, and region:

Grade (Revenue, USD Million; 2020–2028)

· Tobacco

· Food

· Industrial

Product Type (Revenue, USD Million; 2020–2028)

· Plasticizer

· Emulsifier

· Solvent

· Humectant

· Others

End User (Revenue, USD Million; 2020–2028)

· Tobacco

· Food & Beverage

· Pharmaceutical

· Cosmetic

· Others

Key Regional Markets Covered in the Report:

· North America (U.S.A., Canada, Mexico)

· Europe (Italy, U.K., Germany, France, Rest of Europe)

· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Key Questions answered by the Report:

· What is the expected year-on-year growth of the Triacetin/Glyceral Triacetate during the forecast period?

· What key trends are expected influence revenue growth of the market going ahead?

· Which region is expected to account for largest revenue share over the forecast period?

· Which key companies are profiled in the report?

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