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Triacetin Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
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.
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.
1.1 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 / $Billion)
9.4 Triacetin Market By End-Use Industry
9.4.1 Tobacco
9.4.2 Food & Beverage
9.4.3 Pharmaceutical
9.4.4 Cosmetic
9.4.5 Chemical
9.4.6 Paints and Coatings
10.Triacetin- By Geography (Market Size -$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 / $Billion)
10.10.1 Segment type Size and Market Size Analysis
10.10.2 Revenue and Trend Analysis
10.10.3 Application Revenue and Trends by type of Application
10.10.4 Company Revenue and Product Analysis
10.10.5 Middle East Segment Product type and Application Market Size
10.10.5.1 Israel
10.10.5.2 Saudi Arabia
10.10.5.3 UAE
10.10.6 Africa Segment Analysis
10.10.6.1 South Africa
10.10.6.2 Rest of Africa
11.Triacetin Market - Entropy
11.1 New product launches
11.2 M&A s, collaborations, JVs and partnerships
12.Triacetin Market - Industry / Segment Competition landscape Premium
12.1 Market Share Analysis
12.1.1 Market Share by Country- Top companies
12.1.2 Market Share by Region- Top 10 companies
12.1.3 Market Share by type of Application - Top 10 companies
12.1.4 Market Share by type of Product / Product category- Top 10 companies
12.1.5 Market Share at global level - Top 10 companies
12.1.6 Best Practises for companies
13.Triacetin Market Company Analysis
13.1 Market Share, Company Revenue, Products, M&A, Developments
13.2 Atanor S.C.A.
13.3 BASF SE
13.4 Daicel Corporation
13.5 Eastman Chemical Company
13.6 KLK OLEO
13.7 Lanxess AG
13.8 Mosselman S.A
13.9 Alfa Aesar
13.10 Sisco Research Laboratories Pvt. Ltd.
13.11 Spectrum Chemical Mfg. Corp.
13.12 Polynt Group
13.13 Company 12
13.14 Company 13
14.Triacetin Market - Appendix
14.1 Abbreviations
14.2 Sources
15.Triacetin Market - Methodology
15.1 Research Methodology
15.1.1 Company Expert Interviews
15.1.2 Industry Databases
15.1.3 Associations
15.1.4 Company News
15.1.5 Company Annual Reports
15.1.6 Application Trends
15.1.7 New Products and Product database
15.1.8 Company Transcripts
15.1.9 R&D Trends
15.1.10 Key Opinion Leaders Interviews
15.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Triacetin Market By Product Type Market 2019-2024 ($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)