Triacetin Market - By Grade (Pharmaceutical Grade, Food Grade, Industrial Grade), By Type (Plasticizer, Solvent, Humectant), By End-use (Plastics & Polymers, F&B, Pharma & Healthcare, Cosmetics & Personal Care, Tobacco) & Forecast, 2023

Description

List of Tables

Global Triacetin Market will witness 5.19% CAGR between 2023 and 2032. The rising demand is driven by the launch of new products and increasing awareness of sustainability. As industries prioritize eco-friendly alternatives, the versatility of triacetin in various applications, including food, pharmaceuticals, and cosmetics, is driving its adoption.

For instance, in May 2021, to address the heightened consumer demand and corporate sustainability goals, Eastman unveiled three new plasticizers featuring certified recycled content. These drop-in replacements mirrored the performance of Eastman's existing products while incorporating 20%-59% recycled content. Among them was the Eastman Triacetin Renew 59, boasting 59% certified recycled content for applications in food packaging adhesives and food wrap films. Specifically designed for food contact applications, these Eastman Renew plasticizers obtained clearance from both the U.S. FDA and the European FSA, ensuring compliance with regulatory standards.

The surge in product launches underscores its significance as a sustainable compound. With growing environmental consciousness, the growing triacetin market demand reflects an industry shift towards more environmentally friendly options, aligning with the global push for sustainable practices.

The overall Triacetin Market is classified based on type, end-use, and region.

Solvent segment will undergo significant development from 2023 to 2032. Recognized for its versatility, triacetin serves as an effective solvent in various industries, including pharmaceuticals, cosmetics, and food. Its excellent solvency properties make it a preferred choice for dissolving and mixing substances, contributing to the demand surge. As industries seek efficient and versatile solvents, the growing triacetin market share underscores its pivotal role in meeting the diverse needs of solvent applications across different sectors.

Food Beverage segment will register a noteworthy CAGR from 2023 to 2032. As a versatile compound, triacetin finds extensive use as a food additive, emulsifier, and solvent in various food and beverage applications. Its role in enhancing texture, flavor, and stability in food products makes it a preferred ingredient. With an increasing focus on quality and innovation in the food industry, the triacetin market growth from the segment underscores its importance in meeting the evolving requirements of food and beverage formulations.

Asia Pacific triacetin market will showcase an appreciable CAGR from 2023 to 2032. With expanding industrial and consumer applications in Asia Pacific, triacetin finds increased utilization, especially in industries such as food, pharmaceuticals, and cosmetics. Recognized for its versatility, the compound is becoming integral to the region's diverse manufacturing processes. The growing demand reflects the Asia-Pacific market's inclination towards incorporating triacetin in various applications, underlining its importance in meeting evolving industrial needs in the region.

Product Code: 6723

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Triacetin industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Grade trends
2.4 Type trends
2.5 End-use trends
2.6 Regional trends

Chapter 3 Triacetin Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Expanding food and beverage industry
  - 3.2.1.2 Growing awareness of clean label ingredients
  - 3.2.1.3 Rising demand for skincare and personal care products
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Health and safety concerns
  - 3.2.2.2 Raw material price volatility
3.3 Growth potential analysis
- 3.3.1 By grade
- 3.3.2 By type
- 3.3.3 By end-use
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Reimbursement scenario
3.8 Technology landscape
3.9 Future market trends
3.10 GAP analysis
3.11 Porter's analysis
3.12 PESTEL analysis
3.13 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 triacetin market Size and Forecast, By Grade 2018 - 2032

5.1 Pharmaceutical Grade
5.2 Food Grade
5.3 Industrial Grade

Chapter 6 triacetin market Size and Forecast, By Type 2018 - 2032

6.1 Plasticizer
6.2 Solvent
6.3 Humectant

Chapter 7 triacetin market Size and Forecast, By End-use 2018 - 2032

7.1 Plastics and Polymers
7.2 Food and Beverage
7.3 Pharmaceuticals and Healthcare
7.4 Cosmetics and Personal Care
7.5 Tobacco

Chapter 8 triacetin market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 Daicel Corporation
9.2 Eastman Chemical Company
9.3 Jiangsu Lemon Chemical & Technology Co., Ltd.
9.4 WeylChem Group
9.5 KLK Oleo
9.6 Liaoning Huaxing Chemical Group Co., Ltd.
9.7 Henan GP Chemicals Co., Ltd.
9.8 Celanese Corporation
9.9 Haihang Industry Co., Ltd.
9.10 Laxmi Organic Industries Ltd.
9.11 ChemCeed LLC
9.12 Muby Chemicals
9.13 China Skyrun Industrial Co., Ltd.
9.14 Henan Huayin Chemical Co., Ltd.
9.15 Jiangxi Acetron Chemical Co., Ltd.