Global Triacetin Market Growth 2023-2029

Global Triacetin Market Growth 2023-2029

The Triacetin 1,2,3-triacetoxypropane is more generally known as triacetin and glycerin triacetate. It is the triester of glycerol and acetic acid, and is the second simplest fat after triformin. Triacetin is readily soluble in aromatic hydrocarbons and most organic solvents. It is insoluble in aliphatic hydrocarbons, mineral oils, and vegetable and animal oils. Solubility in water is low.

Triacetin is found in some food like butter as it is used as a food additive for the solvency of flavourings for the function of humectant. It is used in perfumery and cosmetics for these applications. It is used as an antifungal agent in external medicine for topical treatment of superficial fungal infections of the skin. Triacetin is applied to cigarette filter as a plasticizer. It is used as a gelatinizing agent in explosives.

Under suitable conditions, Triacetin can be stored for one year. Triacetin can be stored in a stainless steel tank.

LPI (LP Information)' newest research report, the “Triacetin Industry Forecast” looks at past sales and reviews total world Triacetin sales in 2022, providing a comprehensive analysis by region and market sector of projected Triacetin sales for 2023 through 2029. With Triacetin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Triacetin industry.

This Insight Report provides a comprehensive analysis of the global Triacetin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Triacetin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Triacetin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Triacetin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Triacetin.

The global Triacetin market size is projected to grow from US$ 388.8 million in 2022 to US$ 561.6 million in 2029; it is expected to grow at a CAGR of 561.6 from 2023 to 2029.

The global Triacetin industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as Eastman, Lanxess, BASF, Daicel and Jiangsu Ruijia. At present, Jiangsu Ruijia is the world leader, holding 23% production market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Triacetin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Tobacco Grade

Industrial Grade

Food Grade

Others

Segmentation by application

Tobacco

Food

Foundry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Eastman

Polynt

Daicel

Lanxess

BASF

Jiangsu Ruijia

Jiangsu Lemon

Yunnan Huanteng

Yixing Tianyuan

Yixing YongJia Chemical

Jiangsu Licheng

Xinxiang Huayang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Triacetin market?

What factors are driving Triacetin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Triacetin market opportunities vary by end market size?

How does Triacetin break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.