Triacetin Market was valued at USD 652.3 million in 2021 and is expected to grow at a CAGR of 4% between 2022 and 2028. Triacetin, variously known as triglyceride 1,2,3-triacetoxypropane and glycetriacetate is used in the pharmaceutical industry for making tablets and capsules. The product has received approval from the Food and Drug Administration(FDA)to be used as a food additive in the food industry. It is also used as a solvent for flavoring various foods. Asia Pacific is a major market for the triacetin industry worldwide. This is due to the expansion of disposable income, lifestyle changes and rapid urbanization within the region. In addition the rise in the use of products in food and beverage, cosmetics, tobacco, pharmaceuticals, and other entrepreneurs helping the market growth triacetin.
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Top Major Key Players Industries
Eastman Chemical Company
Lanxess AG
Daicel Corporation
Jiangsu Ruijia Chemistry Co., Ltd.
Mosselman S.A.
KLK OLEO
Others
By Grade Type
Tobacco Grade
Food Grade
Industrial Grade
By Application
Plasticizer
Solvent
Humectant
Others
By End-Use
Tobacco
Food and Beverage
Pharmaceuticals
Cosmetics
Textiles
Metal and Mining
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Scope of the Report
The research study analyzes the global Triacetin Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Triacetin Market Report
1. What was the Triacetin Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Triacetin Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Triacetin Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Triacetin market.
• The market share of the global Triacetin market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Triacetin market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Triacetin market.
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