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Global Triacetin Market: By Grade: Tobacco Grade, Food Grade, Industrial Grade; By Application: Plasticiser, Solvent, Humectant, Others; By End Use: Tobacco, Food and Beverages, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Triacetin Market Outlook

The global triacetin market reached a value of USD 264 million in 2020. The market is further expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach an estimated value of USD 334 million by 2026.

 

Triacetin Market

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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.

 

Triacetin Market by Application

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Triacetin: Industry Definition and 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:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Triacetin Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Triacetin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Triacetin Historical Market (2016-2020) 
    8.3    Global Triacetin Market Forecast (2021-2026)
    8.4    Global Triacetin Market by Grade
        8.4.1    Tobacco Grade
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Food Grade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Industrial Grade
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Triacetin Market by Application
        8.5.1    Plasticiser
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Solvent
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Humectant
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Triacetin Market by End Use
        8.6.1    Tobacco
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Food and Beverages
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Pharmaceuticals
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Cosmetics
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Textiles
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Metal and Mining
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
    8.7    Global Triacetin Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Eastman Chemical Company
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Lanxess AG
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Daicel Corporation
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Jiangsu Ruijia Chemistry Co., Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Mosselman S.A.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    KLK OLEO
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments

 

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 Figures and Tables

1.    Global Triacetin Market: Key Industry Highlights, 2016 and 2026
2.    Global Triacetin Historical Market: Breakup by Grade (USD Million), 2016-2020
3.    Global Triacetin Market Forecast: Breakup by Grade (USD Million), 2021-2026
4.    Global Triacetin Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Triacetin Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Triacetin Historical Market: Breakup by End Use (USD Million), 2016-2020
7.    Global Triacetin Market Forecast: Breakup by End Use (USD Million), 2021-2026
8.    Global Triacetin Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Triacetin Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Triacetin Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Triacetin Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Triacetin Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Triacetin Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Triacetin Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Triacetin Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Triacetin Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Triacetin Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Triacetin Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Triacetin Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    North America Historical Price Trends and Forecast 2016-2026
21.    Europe Historical Price Trends and Forecast 2016-2026
22.    Asia Pacific Historical Price Trends and Forecast 2016-2026
23.    Latin America Historical Price Trends and Forecast 2016-2026
24.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
25.    Global Triacetin Market Structure

Key Questions Answered in the Report

In 2020, the global triacetin market attained a value of nearly USD 264 million.

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 334 million by 2026.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand from the developing regions, rapid urbanisation, rising standards of living, and growing demand from the end-use industries, are expected to aid the market growth.

The key market trend guiding the growth of the market includes the rising demand from the tobacco industry of the product in the emerging countries.

The major regions in the industry 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 application segments in the industry are plasticiser, solvent, and humectant, among others.

The significant end-uses in the industry are tobacco, food and beverage, pharmaceuticals, cosmetics, textiles, and metal and mining.

The major players in the industry 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 264 million in 2020, 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 2021-2026, growing at a CAGR of 4%. The market is projected to reach USD 334 million by 2026.
 
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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