Reports
Global Triacetin Market Size, Share, Trends, Forecast: By Grade: Tobacco Grade, Food Grade, Industrial Grade; By Application: Plasticiser, Solvent, Humectant, Others; By End Use: Tobacco, Food and Beverages, Pharmaceuticals, Cosmetics, Textiles, Metal and Mining; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Triacetin Market Outlook
The global triacetin market reached a value of USD 296.96 million in 2023. The market is further expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to reach an estimated value of USD 422.61 million by 2032.
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Rising Use of the Product in Tobacco is Aiding the Growth of the Global Market for Triacetin
Region-wise, the Asia Pacific region is a major market for triacetin industry across the globe. This is attributed to the inflating disposable incomes, changing lifestyles, and rapid urbanisation within the region. Further, the rising use of the product in food and beverages, cosmetics, tobacco, pharmaceuticals, and other industries is aiding the market growth of triacetin. The Asia Pacific region is witnessing a rising demand from the pharmaceutical and food industry in China and India.
The market is furthered by the rising population within the developing economies, like China, India, and Brazil. Due to high growth opportunities, the manufacturers are targeting developing economies. Recently, the demand for triacetin is increasing due to the rising demand for cigarettes in the emerging economies. Latin America and the Middle East are also witnessing favourable market growth for triacetin.
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Triacetin: Market Segmentation
Triacetin, variously known as triglyceride 1,2,3-triacetoxypropane and glyceryl triacetate, is used in the pharmaceutical industry for making tablets and capsules. The product has received approval from the Food and Drug Administration (FDA) to be used as a food additive in the food industry. Further, it is also used as a solvent for flavouring various food products.
On the basis of grade, the market is divided into:
- Tobacco Grade
- Food Grade
- Industrial Grade
Based on application, the industry can be segmented into:
- Plasticiser
- Solvent
- Humectant
- Others
By end-use, the industry is categorised into:
- Tobacco
- Food and Beverage
- Pharmaceuticals
- Cosmetics
- Textiles
- Metal and Mining
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Chemical Industry to Aid the Global Market Growth for Triacetin
The market for triacetin is being driven by the growth of the tobacco sector, which is estimated to be the largest end-use sector. The product is used as a plasticiser in cigarette filter rods in the tobacco industry. The rising demand for cigarettes has facilitated the growth of the tobacco industry, which has resulted in enhanced demand for triacetin from this end-use segment. In addition, the excellent properties of triacetin, like resistance to light and compatibility with synthetic and natural rubber, has invigorated its demand from the chemical industry. All these factors are expected to aid the market growth of the product in the forecast period.
Key Industry Players in the Global Triacetin Market
The report gives a detailed analysis of the following key players in the global triacetin market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Eastman Chemical Company
- Lanxess AG
- Daicel Corporation
- Jiangsu Ruijia Chemistry Co., Ltd.
- Mosselman S.A.
- KLK OLEO
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Application, End Use, Region |
| Breakup by Grade | Tobacco Grade, Food Grade, Industrial Grade |
| Breakup by Application | Plasticiser, Solvent, Humectant, Others |
| Breakup by End Use | Tobacco, Food and Beverages, Pharmaceuticals, Cosmetics, Textiles, Metal and Mining |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Eastman Chemical Company, Lanxess AG, Daicel Corporation, Jiangsu Ruijia Chemistry Co., Ltd., Mosselman S.A., KLK OLEO, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Triacetin Market Analysis
8.1 Key Industry Highlights
8.2 Global Triacetin Historical Market (2018-2023)
8.3 Global Triacetin Market Forecast (2024-2032)
8.4 Global Triacetin Market by Grade
8.4.1 Tobacco Grade
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Food Grade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Industrial Grade
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Triacetin Market by Application
8.5.1 Plasticiser
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Solvent
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Humectant
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Triacetin Market by End Use
8.6.1 Tobacco
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Food and Beverages
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Pharmaceuticals
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Cosmetics
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Textiles
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Metal and Mining
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.7 Global Triacetin Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Triacetin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Triacetin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Triacetin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Triacetin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Triacetin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Eastman Chemical Company
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Lanxess AG
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Daicel Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Jiangsu Ruijia Chemistry Co., Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Mosselman S.A.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 KLK OLEO
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Triacetin Market: Key Industry Highlights, 2018 and 2032
2. Global Triacetin Historical Market: Breakup by Grade (USD Million), 2018-2023
3. Global Triacetin Market Forecast: Breakup by Grade (USD Million), 2024-2032
4. Global Triacetin Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Triacetin Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Triacetin Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Triacetin Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Triacetin Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Triacetin Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Triacetin Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Triacetin Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Triacetin Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Triacetin Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Triacetin Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Triacetin Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Triacetin Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Triacetin Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Triacetin Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Triacetin Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Triacetin Market Structure
Key Questions Answered in the Report
In 2023, the global triacetin market attained a value of nearly USD 296.96 million.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 422.61 million by 2032.
The major market drivers include growing disposable incomes, the rising use of triacetin in major end-use sectors, and the growing demand for cigarettes in emerging economies.
The key trends guiding the market include the growing use of triacetin as plasticiser in cigarette filter rods and the rising demand for the product in the chemical sector owing to its favourable properties like compatibility with natural and synthetic rubber and resistance to light.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of triacetin in the market are tobacco grade, food grade, and industrial grade.
The major applications of triacetin include plasticiser, solvent, and humectant, among others.
The significant end uses of triacetin are tobacco, food and beverage, pharmaceuticals, cosmetics, textiles, and metal and mining.
The major players in the market are Eastman Chemical Company, Lanxess AG, Daicel Corporation, Jiangsu Ruijia Chemistry Co., Ltd., Mosselman S.A., and KLK OLEO, among others.
Analyst Review
The global triacetin market attained a value of USD 296.96 million in 2023, driven by rising demand from the end-use sectors. Aided by the growing demand from the emerging economies, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4%. The market is projected to reach USD 422.61 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market is segmented into tobacco grade, food grade, and industrial grade. By application, the industry is divided into plasticiser, solvent, and humectant, among others. On the basis of end-use, the industry is segmented into tobacco, food and beverage, pharmaceuticals, cosmetics, textiles, and metal and mining. The major regional markets for triacetin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Eastman Chemical Company, Lanxess AG, Daicel Corporation, Jiangsu Ruijia Chemistry Co., Ltd., Mosselman S.A., and KLK OLEO, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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