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Triacetin Market Trends

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

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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.

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.