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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 – 2032

  • Report ID: GMI6723
  • Published Date: Sep 2023
  • Report Format: PDF

Triacetin Market Size

Triacetin Market size was valued at around USD 308.5 million in 2022 and is anticipated to grow at a CAGR of 5.19% between 2023 and 2032. Triacetin is used as an emulsifier and stabilizer in food and beverage products, such as soft drinks, flavored alcoholic beverages, and confectionery items. Triacetin is used as a solvent and plasticizer in pharmaceuticals, oral medications, and personal care products like cosmetics and perfumes.
 

Triacetin Market

To understand key trends  

Triacetin is used in the tobacco industry to enhance flavors and act as a humectant, maintaining moisture in tobacco products. Triacetin is added to explosives and pyrotechnics to stabilize formulations and improve performance.

The availability and pricing of raw materials used in triacetin production can impact its overall cost and supply chain stability. Triacetin faces competition from other plasticizers, solvents, and additives that might be cheaper or offer similar functionalities. Environmental regulations and sustainability expectations may require manufacturers to adopt more eco-friendly production processes and materials. Thus, the risks associated with Triacetin may drive down the acceptance rate, further hampering the business growth.
 

COVID-19 Impact

Demand for certain applications of triacetin, such as those used in cosmetics and personal care products, declined due to reduced consumer spending and changes in consumer behavior. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
 

Triacetin Market Trends

Triacetin is being increasingly used as a food additive, emulsifier, and stabilizer, driven by consumer preferences for convenience foods and improved texture in products like beverages, bakery items, and processed foods. Triacetin's role as a solvent and plasticizer in pharmaceuticals continues to expand, driven by drug formulation needs, controlled-release technologies, and the demand for orally disintegrating tablets. Triacetin is finding applications in cosmetics and personal care products due to its emollient properties and use as a fragrance carrier.
 

Triacetin Market Analysis

Triacetin Market Size, By Grade, 2021 - 2032 (USD Million)  
To understand key trends  

Based on grade, the triacetin market is segmented as Pharmaceutical Grade, Food Grade, Industrial Grade. Pharmaceutical Grade held a majority market value of USD 109.8 million in 2022. The demand for pharmaceutical grade triacetin is influenced by its role as a solvent and plasticizer in drug formulations, including controlled-release tablets and oral medications.
 

Triacetin Market Revenue Share, By Type, (2022)
To understand key trends  

Based on type, the triacetin market is segmented as Plasticizer, Solvent, Humectant. Plasticizers held a dominant market share of around 44.4% in 2022 and is expected to grow at a lucrative pace through 2032. Triacetin plasticizer is used to improve the flexibility and performance of plastics and polymers, making it a key demand driver in the plastics industry.
 

Based on end-use, the triacetin market is segmented as Plastics and Polymers, Food and Beverage, Pharmaceuticals and Healthcare, Cosmetics and Personal Care, Tobacco. Plastics and Polymers held a dominant market share in 2022 and is anticipated to grow at 5.70% CAGR till 2032. Triacetin serves as a plasticizer, enhancing the pliability and effectiveness of plastics and polymers employed in a range of applications, such as films, packaging materials, and consumer products. Consequently, the increasing utilization and top-notch performance of Triacetin are expected to accelerate business expansion.
 

U.S. Triacetin Market Revenue, 2021 - 2032 (USD Million)
To understand key trends  

U.S. dominated the North American region with majority triacetin market share and a revenue of USD 65.8 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. The demand for triacetin is influenced by the need for emulsification, stabilization, and flavor enhancement in processed foods, beverages, and convenience items.
 

Triacetin Market Share

Some of the major market players operating in the triacetin market are :

  • Daicel Corporation
  • Eastman Chemical Company
  • Jiangsu Lemon Chemical & Technology Co., Ltd.
  • WeylChem Group
  • KLK Oleo
  • Liaoning Huaxing Chemical Group Co., Ltd.
  • Henan GP Chemicals Co., Ltd.
  • Celanese Corporation
  • Haihang Industry Co., Ltd.
  • Laxmi Organic Industries Ltd.
  • ChemCeed LLC
  • Muby Chemicals
  • China Skyrun Industrial Co., Ltd.
  • Henan Huayin Chemical Co., Ltd.
  • Jiangxi Acetron Chemical Co., Ltd

 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Triacetin Industry News:

  • In 2022, Daicel Corporation launched CELTOL. They are employed as conductive paste and insulating ink in conjunction with coated and printed electronic elements such as laminated ceramic capacitors.
     

Triacetin market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

to Buy Section of this Report


By Grade

  • Pharmaceutical Grade
  • Food Grade
  • Industrial Grade

By Type

  • Plasticizer
  • Solvent
  • Humectant

By End-use

  • Plastics and Polymers
  • Food and Beverage
  • Pharmaceuticals and Healthcare
  • Cosmetics and Personal Care
  • Tobacco

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for triacetin was valued at around USD 308.5 million in 2022 and is estimated to reach USD 513.2million by the end of 2032, owing to the growing awareness of clean label ingredients.
Plasticizers held a dominant market share of around 44.4% in 2022 and is expected to grow at a lucrative pace through 2032 as triacetin plasticizer is used to improve the flexibility and performance of plastics and polymers.
U.S. triacetin industry was worth USD 65.8 million in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, influenced by the need for emulsification, stabilization, and flavor enhancement in processed foods, beverages, and convenience items.
Liaoning Huaxing Chemical Group Co., Ltd., Henan GP Chemicals Co., Ltd., Celanese Corporation, Haihang Industry Co., Ltd., Laxmi Organic Industries Ltd., ChemCeed LLC, Muby Chemicals, China Skyrun Industrial Co., Ltd., Henan Huayin Chemical Co., Ltd., Jiangxi Acetron Chemical Co., Ltd. among others.

Triacetin Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 180
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