Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577301

Cover Image

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577301

Triacetin Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

PUBLISHED:
PAGES: 160 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 4850
PDF & Excel (Multi User License)
USD 6050
PDF & Excel (Enterprise User License)
USD 8350

Add to Cart

The Global Triacetin Market reached USD 325.6 million in 2023. Projections indicate that the market will record a 5.15% CAGR from 2024 to 2032, driven by the increasing use of triacetin as a plasticizer in polymers such as PVC, PUR, and rubber. These applications enhance flexibility in industrial uses, including coatings and ink formulations.

Rising emphasis on clean-label ingredients in the food and beverage sector significantly drives market growth. Triacetin, recognized as a safe and versatile additive, aligns with consumer preferences for transparent ingredient lists. As food and beverage manufacturers seek compliant and effective solutions, triacetin's expanding roles as a solvent and additive ensure its continued relevance, meeting industry standards and consumer expectations.

The triacetin industry benefits from a growing preference for eco-friendly solutions, increasing demand for its use as a safe and sustainable ingredient across various sectors. Additionally, the trend towards diversifying cosmetic products, with triacetin being a key component in creams, lotions, and perfumes, broadens its market appeal. These factors highlight triacetin's role in meeting environmental standards and consumer demands for multifunctional ingredients.

The overall triacetin market is segmented based on grade, type, end use , and region.

The plasticizer segment of the triacetin market is predicted to reach USD 241.7 million, achieving a 5.76% CAGR from 2024 to 2032. This growth is driven by triacetin's widespread application in crafting flexible plastics, essential in packaging, automotive, and construction industries. Its superior plasticizing attributes enhance material flexibility and durability, making it a preferred choice. The rising demand for sustainable and efficient plasticizers further amplifies this segment's growth, ensuring its steady market share as industries pursue advanced material enhancement solutions.

The plastics and polymers segment is projected to hit USD 317.7 million, with a 5.66% CAGR from 2023 to 2032. The triacetin market closely follows trends in the plastics and polymer sectors, especially the shift towards biodegradable and sustainable materials. Triacetin's additive properties play a crucial role in enhancing polymer plasticization, particularly for producing flexible plastics.

North America triacetin market is poised for a 4.38% CAGR from 2024 to 2032. This growth is driven by strong industrial development and widespread applications in pharmaceuticals, food & beverage, and cosmetics. Stringent regulatory standards, technological advancements, and rising consumer demand for premium products further bolster the region's expansion. Additionally, sustainability initiatives play a pivotal role, solidifying North America's position as a significant player in the global triacetin market outlook.

Product Code: 6723

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market scope and definition
  • 1.2 Base estimates and calculations
  • 1.3 Forecast calculation
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Data mining sources
      • 1.4.2.1 Paid sources
      • 1.4.2.2 Public sources

Chapter 2 Executive Summary

  • 2.1 Industry 360° synopsis
  • 2.2 Grade trends
  • 2.3 Type trends
  • 2.4 End use trends

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
    • 3.1.1 Key manufacturers
    • 3.1.2 Distributors
    • 3.1.3 Profit margins across the industry
    • 3.1.4 Supply disruptions (If applicable)
  • 3.2 Industry impact forces
    • 3.2.1 Growth drivers
      • 3.2.1.1 Growing awareness of clean label ingredients
      • 3.2.1.2 Expanding food and beverage industry
      • 3.2.1.3 Rising demand for skincare and personal care product
    • 3.2.2 Market challenges
      • 3.2.2.1 Health and safety concern
      • 3.2.2.2 Raw material price volatility
    • 3.2.3 Market opportunity
      • 3.2.3.1 New opportunities
      • 3.2.3.2 Growth potential analysis
  • 3.3 Raw material landscape
    • 3.3.1 Manufacturing trends
    • 3.3.2 Technology evolution
      • 3.3.2.1 Sustainable manufacturing
        • 3.3.2.1.1 Green practices
        • 3.3.2.1.2 Decarbonization
    • 3.3.3 Raw Materials Sustainability
    • 3.3.4 Pricing Trends in Raw material (Ton/USD)
  • 3.4 Regulations and market impact
  • 3.5 Porter's analysis
  • 3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

  • 4.1 Company market share analysis
  • 4.2 Competitive positioning matrix
  • 4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Grade, 2021-2032 (USD Million, Kilo Tons)

  • 5.1 Key trends
  • 5.2 Pharmaceutical grade
  • 5.3 Food grade
  • 5.4 Industrial grade

Chapter 6 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)

  • 6.1 Key trends
  • 6.2 Plasticizer
  • 6.3 Solvent
  • 6.4 Humectant

Chapter 7 Market Size and Forecast, By End use, 2021-2032 (USD Million, Kilo Tons)

  • 7.1 Key trends
  • 7.2 Plastics and polymers
  • 7.3 Food and beverage
  • 7.4 Pharmaceuticals and healthcare
  • 7.5 Cosmetics and personal care
  • 7.6 Tobacco

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

  • 8.1 Key trends
  • 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 Italy
    • 8.3.5 Spain
    • 8.3.6 Russia
    • 8.3.7 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 China
    • 8.4.2 India
    • 8.4.3 Japan
    • 8.4.4 South Korea
    • 8.4.5 Australia
    • 8.4.6 Indonesia
    • 8.4.7 Malaysia
    • 8.4.8 Rest of Asia Pacific
  • 8.5 Latin America
    • 8.5.1 Brazil
    • 8.5.2 Mexico
    • 8.5.3 Argentina
    • 8.5.4 Rest of Latin America
  • 8.6 MEA
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 South Africa
    • 8.6.4 Rest of MEA

Chapter 9 Company Profiles

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

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!