The Triacetin market is projected to grow from 245.6 million in 2017 to USD 309.9 million by 2022, at a CAGR of 4.8% during the forecast period.
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There is an increasing demand for triacetin (tobacco grade) from the tobacco industry owing to the growth in consumption of cigarettes across the globe.
Demand from the food & beverage, pharmaceutical, and cosmetic industries has also contributed to the growth of the triacetin market. However, stringent regulations and international quality standards for triacetin across the globe act as a restraint to the growth of the triacetin market.
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- Manufacturers, Dealers, and Suppliers of Triacetin
- Government Bodies
- End-Use Industries
- Suppliers of Triacetin
- Companies Engaged in Material-based R&D Activities
- Food & Beverages Organizations
- Feedstock Suppliers
- Industrial Associations
- Investment Banks
- Consulting Companies/Consultants in the Chemicals & Materials Sector
In terms of value, the Asia Pacific region is the largest market for triacetin, globally. The Asia Pacific triacetin market is projected to grow at the highest CAGR during the forecast period, in terms of value.
The Asia Pacific market for triacetin has been studied for economies such as China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. Increasing population and rise in the purchasing power of consumers have led to an increase in demand for cosmetics products in the Asia Pacific region.
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On the basis of grade, the triacetin market has been segmented into tobacco, food, and industrial. The tobacco grade segment of the triacetin market is projected to grow at the highest CAGR during the forecast period.
The growth of this segment is attributed to the increased consumption of cigarettes across the globe, especially in the Asia Pacific region.
1 Market Ranking Analysis
2 Competitive Situation & Trends
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This report offers an overview of the trends, drivers, and barriers for the triacetin market. It also provides a detailed overview of the triacetin market across five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
The report categorizes the triacetin market based on grade, product type, end-use industry, and region. A detailed profile analysis of the leading players of the triacetin market, along with key growth strategies adopted by them is also covered in this report.
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