Triacetin Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: CMR 72832 Report Format: PDF + Excel (Delivery in 48 Hrs)

Triacetin Market is forecast to reach $269.5 million by 2025, after growing at a CAGR of 5.1% during 2020-2025. The growing demand for packaged foods & beverages combined with factors such as low production costs, lower side effects, and improved shelf-life, and increased consumption of triacetin in nail paints along with flavors and fragrances as a plasticizer will drive the growth of the Triacetin market over the forecast period.The report covers Triacetin Market size by type and applications, Triacetin Market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Triacetin Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Triacetin Market.

Key Takeaways

  • Asia-Pacific dominates the Triacetin Market owing to increasing demand from various end-use industries in developing countries such as India, China.
  • There is increasing demand from the tobacco industry for triacetin due to the increase in cigarette consumption worldwide. Demand from the food & beverage, pharmaceutical, and cosmetic industries also contributed to the triacetin market's growth.
  • The ongoing trend observed in the global triacetine market is increasing adoption of triacetine, especially in the food industry due to artificial food regeneration systems on long space missions and estimated to continue over the forecast period.
  • Increasing demand for triacetin in gasoline to minimize engine knocking and to boost cold and viscosity properties in biodiesel is expected to create a lucrative opportunity for players operating on the global triacetin market in the coming years.

Application Type - Segment Analysis

The plasticizer segment is projected to lead the triacetin market during the forecast period. As a plasticizer, triacetine is used for different purposes in various applications. Cellulose acetate filters or cigarette filter rods are one of the main applications as a plasticizer. The major driving factor for the plasticizer segment is the significant consumption of cigarettes globally. Another significant use of the plasticizer is the chewing gum where it is used to minimize fragility and increase flexibility. Furthermore, The Food and Drug Administration (FDA) has allowed its use in the food industry as a food additive. It is commonly used to flavor different food products as a solvent.

End-Use Industry - Segment Analysis

The tobacco industry is projected to have the largest market share over the forecast period. According to British American Tobacco, there are an estimated one billion adult smokers worldwide. Globally, the increasing consumption of cigarettes has increased the tobacco industry's market for triacetine. Food & beverage is the second-largest end-use market for triacetin. Rising spending on food and growing consumption of food products has driven the demand for triacetin in the food & beverage industry.

Geography - Segment Analysis

The Asia Pacific is dominated the global triacetin market with a major share of 31% in 2019 due to the increasing demand from various end-use industries in developing countries such as India and China. Increasing R&D for the development of new products in the food and pharmaceutical industries is also expected to fuel the growth of the triacetin market in APAC region. Demand for food and pharmaceutical products is escalating at a rapid rate in North America and Europe. This is projected propel the usage of triacetin and thereby positively influence the growth of the triacetin market.

Drivers – Triacetin Market

  • Growing demand for triacetin from various end use industries.

Increasing adoption of triacetine from various end-use industries such as tobacco, food and pharmaceutical is a key factor driving the global triacetin market. Additionally, increasing demand for triacetine in the chemical industry due to its compatibility with natural and synthetic rubber and light resistance is another factor estimated to boost demand and drives the market growth over the forecast period. Increasing investment in R&D for innovative and cost-effective cosmetic products without side effects also anticipated to boost demand for triacetin and propel growth of the market.

Challenges – Triacetin Market

  • Fluctuating prices of raw materials

The fluctuating raw material prices is the main factor that hinders the market's growth. Triacetin is produced in a batch-wise contained reaction of glycerol, acetic anhydride and acetic acid. Due to the unstable prices of raw materials, the demand for the triacetin is likely to be affected. These include ethyl acetate, glycerol, amyl acetate, acetate glacial acetic acid.

Market Landscape

Major players in the Triacetin Market are Atanor S.C.A., BASF SE, Daicel Corporation, Eastman Chemical Company, KLK OLEO, Lanxess AG, Mosselman S.A, Alfa Aesar, Sisco Research Laboratories Pvt. Ltd., Spectrum Chemical Mfg. Corp., Polynt Group and others. 

1.Triacetin Market - Overview
        1.1 Definitions and Scope
2.Triacetin Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3.Triacetin Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4.Triacetin Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5.Triacetin Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6.Triacetin Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7.Triacetin Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8.Triacetin Market - By Application Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Type Revenue and Trend Research
        8.3 Application Segment Analysis
            8.3.1 Plasticizer
            8.3.2 Solvent
            8.3.3 Humectant
9.Triacetin Market - By End-Use Industry (Market Size -$Million / $Billion)
        9.1 Segment type Size and Market Share Analysis
        9.2 End Use Revenue and Trends by type of End Use
        9.3 End Use Segment Analysis by Type
        9.4 Triacetin Market By End-Use Industry
            9.4.1 Tobacco
            9.4.2 Food & Beverage
            9.4.3 Pharmaceutical
            9.4.4 Cosmetic
            9.4.5 Chemical
            9.4.6 Paints and Coatings
            9.4.7 Graphic Arts
            9.4.8 Adhesives and Sealants
10.Triacetin- By Geography (Market Size -$Million / $Billion)
        10.1 Triacetin Market - North America Segment Research
        10.2 North America Market Research (Million / $Billion)
            10.2.1 Segment type Size and Market Size Analysis
            10.2.2 Revenue and Trends
            10.2.3 Application Revenue and Trends by type of Application
            10.2.4 Company Revenue and Product Analysis
            10.2.5 North America Product type and Application Market Size
                  10.2.5.1 U.S
                  10.2.5.2 Canada
                  10.2.5.3 Mexico
                  10.2.5.4 Rest of North America
        10.3 Triacetin- South America Segment Research
        10.4 South America Market Research (Market Size -$Million / $Billion)
            10.4.1 Segment type Size and Market Size Analysis
            10.4.2 Revenue and Trends
            10.4.3 Application Revenue and Trends by type of Application
            10.4.4 Company Revenue and Product Analysis
            10.4.5 South America Product type and Application Market Size
                  10.4.5.1 Brazil
                  10.4.5.2 Venezuela
                  10.4.5.3 Argentina
                  10.4.5.4 Ecuador
                  10.4.5.5 Peru
                  10.4.5.6 Colombia
                  10.4.5.7 Costa Rica
                  10.4.5.8 Rest of South America
        10.5 Triacetin- Europe Segment Research
        10.6 Europe Market Research (Market Size -$Million / $Billion)
            10.6.1 Segment type Size and Market Size Analysis
            10.6.2 Revenue and Trends
            10.6.3 Application Revenue and Trends by type of Application
            10.6.4 Company Revenue and Product Analysis
            10.6.5 Europe Segment Product type and Application Market Size
                  10.6.5.1 U.K
                  10.6.5.2 Germany
                  10.6.5.3 Italy
                  10.6.5.4 France
                  10.6.5.5 Netherlands
                  10.6.5.6 Belgium
                  10.6.5.7 Denmark
                  10.6.5.8 Spain
                  10.6.5.9 Rest of Europe
        10.7 Triacetin - APAC Segment Research
        10.8 APAC Market Research (Market Size -$Million / $Billion)
            10.8.1 Segment type Size and Market Size Analysis
            10.8.2 Revenue and Trends
            10.8.3 Application Revenue and Trends by type of Application
            10.8.4 Company Revenue and Product Analysis
            10.8.5 APAC Segment - Product type and Application Market Size
                  10.8.5.1 China
                  10.8.5.2 Australia
                  10.8.5.3 Japan
                  10.8.5.4 South Korea
                  10.8.5.5 India
                  10.8.5.6 Taiwan
                  10.8.5.7 Malaysia
                  10.8.5.8 Rest of APAC
        10.9 Triacetin - Middle East Segment and Africa Segment Research
        10.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            10.10.1 Segment type Size and Market Size Analysis
            10.10.2 Revenue and Trend Analysis
            10.10.3 Application Revenue and Trends by type of Application
            10.10.4 Company Revenue and Product Analysis
            10.10.5 Middle East Segment Product type and Application Market Size
                 10.10.5.1 Israel
                 10.10.5.2 Saudi Arabia
                 10.10.5.3 UAE
                 10.10.5.4 Rest of Middle East
            10.10.6 Africa Segment Analysis
                  10.10.6.1 South Africa
                  10.10.6.2 Rest of Africa
11.Triacetin Market - Entropy
        11.1 New product launches
        11.2 M&A s, collaborations, JVs and partnerships
12.Triacetin Market - Industry / Segment Competition landscape Premium
        12.1 Market Share Analysis
            12.1.1 Market Share by Country- Top companies
            12.1.2 Market Share by Region- Top 10 companies
            12.1.3 Market Share by type of Application - Top 10 companies
            12.1.4 Market Share by type of Product / Product category- Top 10 companies
            12.1.5 Market Share at global level - Top 10 companies
            12.1.6 Best Practises for companies
13.Triacetin Market Company Analysis
        13.1 Market Share, Company Revenue, Products, M&A, Developments
        13.2 Atanor S.C.A.
        13.3 BASF SE
        13.4 Daicel Corporation
        13.5 Eastman Chemical Company
        13.6 KLK OLEO
        13.7 Lanxess AG
        13.8 Mosselman S.A
        13.9 Alfa Aesar
        13.10 Sisco Research Laboratories Pvt. Ltd.
        13.11 Spectrum Chemical Mfg. Corp.
        13.12 Polynt Group
        13.13 Company 12
        13.14 Company 13
14.Triacetin Market - Appendix
        14.1 Abbreviations
        14.2 Sources
15.Triacetin Market - Methodology
        15.1 Research Methodology
            15.1.1 Company Expert Interviews
            15.1.2 Industry Databases
            15.1.3 Associations
            15.1.4 Company News
            15.1.5 Company Annual Reports
            15.1.6 Application Trends
            15.1.7 New Products and Product database
            15.1.8 Company Transcripts
            15.1.9 R&D Trends
            15.1.10 Key Opinion Leaders Interviews
            15.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Triacetin Market By Product Type Market 2019-2024 ($M)
1.1 Plasticizer Market 2019-2024 ($M) - Global Industry Research
1.2 Solvent Market 2019-2024 ($M) - Global Industry Research
1.3 Humectant Market 2019-2024 ($M) - Global Industry Research
2.Global Triacetin Market By End-Use Industry Market 2019-2024 ($M)
2.1 Tobacco Market 2019-2024 ($M) - Global Industry Research
2.2 Food & Beverage Market 2019-2024 ($M) - Global Industry Research
2.3 Pharmaceutical Market 2019-2024 ($M) - Global Industry Research
2.4 Cosmetic Market 2019-2024 ($M) - Global Industry Research
2.5 Chemical Market 2019-2024 ($M) - Global Industry Research
3.Global Triacetin Market By Product Type Market 2019-2024 (Volume/Units)
3.1 Plasticizer Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Solvent Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Humectant Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Triacetin Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Tobacco Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Food & Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Pharmaceutical Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Cosmetic Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Chemical Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Triacetin Market By Product Type Market 2019-2024 ($M)
5.1 Plasticizer Market 2019-2024 ($M) - Regional Industry Research
5.2 Solvent Market 2019-2024 ($M) - Regional Industry Research
5.3 Humectant Market 2019-2024 ($M) - Regional Industry Research
6.North America Triacetin Market By End-Use Industry Market 2019-2024 ($M)
6.1 Tobacco Market 2019-2024 ($M) - Regional Industry Research
6.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
6.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
6.4 Cosmetic Market 2019-2024 ($M) - Regional Industry Research
6.5 Chemical Market 2019-2024 ($M) - Regional Industry Research
7.South America Triacetin Market By Product Type Market 2019-2024 ($M)
7.1 Plasticizer Market 2019-2024 ($M) - Regional Industry Research
7.2 Solvent Market 2019-2024 ($M) - Regional Industry Research
7.3 Humectant Market 2019-2024 ($M) - Regional Industry Research
8.South America Triacetin Market By End-Use Industry Market 2019-2024 ($M)
8.1 Tobacco Market 2019-2024 ($M) - Regional Industry Research
8.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
8.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
8.4 Cosmetic Market 2019-2024 ($M) - Regional Industry Research
8.5 Chemical Market 2019-2024 ($M) - Regional Industry Research
9.Europe Triacetin Market By Product Type Market 2019-2024 ($M)
9.1 Plasticizer Market 2019-2024 ($M) - Regional Industry Research
9.2 Solvent Market 2019-2024 ($M) - Regional Industry Research
9.3 Humectant Market 2019-2024 ($M) - Regional Industry Research
10.Europe Triacetin Market By End-Use Industry Market 2019-2024 ($M)
10.1 Tobacco Market 2019-2024 ($M) - Regional Industry Research
10.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
10.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
10.4 Cosmetic Market 2019-2024 ($M) - Regional Industry Research
10.5 Chemical Market 2019-2024 ($M) - Regional Industry Research
11.APAC Triacetin Market By Product Type Market 2019-2024 ($M)
11.1 Plasticizer Market 2019-2024 ($M) - Regional Industry Research
11.2 Solvent Market 2019-2024 ($M) - Regional Industry Research
11.3 Humectant Market 2019-2024 ($M) - Regional Industry Research
12.APAC Triacetin Market By End-Use Industry Market 2019-2024 ($M)
12.1 Tobacco Market 2019-2024 ($M) - Regional Industry Research
12.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
12.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
12.4 Cosmetic Market 2019-2024 ($M) - Regional Industry Research
12.5 Chemical Market 2019-2024 ($M) - Regional Industry Research
13.MENA Triacetin Market By Product Type Market 2019-2024 ($M)
13.1 Plasticizer Market 2019-2024 ($M) - Regional Industry Research
13.2 Solvent Market 2019-2024 ($M) - Regional Industry Research
13.3 Humectant Market 2019-2024 ($M) - Regional Industry Research
14.MENA Triacetin Market By End-Use Industry Market 2019-2024 ($M)
14.1 Tobacco Market 2019-2024 ($M) - Regional Industry Research
14.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
14.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
14.4 Cosmetic Market 2019-2024 ($M) - Regional Industry Research
14.5 Chemical Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Triacetin Market Revenue, 2019-2024 ($M)
2.Canada Triacetin Market Revenue, 2019-2024 ($M)
3.Mexico Triacetin Market Revenue, 2019-2024 ($M)
4.Brazil Triacetin Market Revenue, 2019-2024 ($M)
5.Argentina Triacetin Market Revenue, 2019-2024 ($M)
6.Peru Triacetin Market Revenue, 2019-2024 ($M)
7.Colombia Triacetin Market Revenue, 2019-2024 ($M)
8.Chile Triacetin Market Revenue, 2019-2024 ($M)
9.Rest of South America Triacetin Market Revenue, 2019-2024 ($M)
10.UK Triacetin Market Revenue, 2019-2024 ($M)
11.Germany Triacetin Market Revenue, 2019-2024 ($M)
12.France Triacetin Market Revenue, 2019-2024 ($M)
13.Italy Triacetin Market Revenue, 2019-2024 ($M)
14.Spain Triacetin Market Revenue, 2019-2024 ($M)
15.Rest of Europe Triacetin Market Revenue, 2019-2024 ($M)
16.China Triacetin Market Revenue, 2019-2024 ($M)
17.India Triacetin Market Revenue, 2019-2024 ($M)
18.Japan Triacetin Market Revenue, 2019-2024 ($M)
19.South Korea Triacetin Market Revenue, 2019-2024 ($M)
20.South Africa Triacetin Market Revenue, 2019-2024 ($M)
21.North America Triacetin By Application
22.South America Triacetin By Application
23.Europe Triacetin By Application
24.APAC Triacetin By Application
25.MENA Triacetin By Application
26.Eastman Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Lanxess AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Polynt Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Daicel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.KLK OLEO, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Atanor S.C.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Mosselman S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)