Glyceryl Triacetate Triacetin Market

Glyceryl Triacetate (Triacetin) Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

  • Ongoing
  • May 2020
  • REP-GB-3889
Glyceryl Triacetate Triacetin Market

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This Glyceryl Triacetate Triacetin market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Glyceryl Triacetate Triacetin market.

Glyceryl triacetate, also known as triacetin, is a trimester of glycerol and acetic acid. It is an artificial chemical compound used in the varied application including pharmaceutical products, humectant, and plasticizer and as a solvent. Glyceryl triacetate is the clear and oily liquid used as food additive in commercial products such as baked goods, beverages, and confectionaries. The triacetin is formed by the reaction of glycerine, acetic acid, and acetic anhydride. Glyceryl triacetate is also used in fragrances and flavors. It is widely used in cosmetics. Its usage as a food additive is approved by the Food and Drug Administration. Glyceryl triacetate is a plasticizer used for nitrocellulose, ethyl cellulose and cellulose acetate which is used to manufacture cigarette filters in the cigarette industry.

Global Glyceryl triacetate (triacetin): Dynamics

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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The triacetin market is mainly driven by the food and cosmetic industry. The factors that trigger the market growth includes increasing demand of the packaged food and beverage, low production cost as compared to that of the natural agents, fewer side effects on the human health, properties enhancing the shelf life of the food products. Coupled with all the above factors, the Food and Drug Administration recognized triacetate as safe to consume the product. It is also safe for the human and animal consumption. Thus manufacturers prefer synthetic agents such as triacetate over the natural one. All these factors thus favor the triacetate market growth.

Due to increasing health awareness among the customers and growing concerns about the ingredients in the product, the triacetin, a synthetic or artificial compound face backdrop regarding market growth. The glyceryl triacetate market is likely to be hampered by the raw materials due to price fluctuations. The changing preferences of the customers, availability of a large number of substitutes in the market affect the overall growth of the glyceryl triacetate market. 

Global Glyceryl triacetate (triacetin): Segmentation

Global Glyceryl triacetate (triacetin): Segment Overview

Glyceryl triacetate is segmented on its industrial uses such as food industry, Tobacco industry, Pharmaceuticals, Cosmetics and others., In the food industry, glyceryl triacetate is used in baked products, confectionaries, dairy products, beverages and in a pet food. In tobacco industry, triacetate is used as a plasticizer for cigarette filter rods. It is also used in the capsule coating in pharmaceutical industries. Apart from all the above industries, it is also used in cosmetics and personal care products as humectants and plasticizers. In others, the glyceryl triacetate is used in perfumes and printing inks. Based on applications, it is segmented as the additive, emulsifier, fixer, plasticizers, and stabilizers, adhesive and as an antifungal agents based on its nature. It is also segmented based on its raw materials such as vegetable and synthetic.

Global Glyceryl triacetate (triacetin): Regional Outlook

The glyceryl triacetate marked its presence in seven regions including Japan, Asia Pacific, Western Europe, North America, Latin America, Eastern Europe, Middle East and Africa. The global demand for the glyceryl triacetate accounts major value share in China for the forecast period. The demand generation for the glyceryl triacetate is significant in the China due to largely competitive market for the food industry and glyceryl triacetates’ functional properties favoring industrial process. It is estimated that the total market share of the glyceryl triacetate will grow with the high pace owing to its varied range of industrial uses and applications. Moreover, Eastern Europe, Australia and the Middle East and Africa, are expected to create significant opportunities for the players operating in the glyceryl triacetate market. Overall, the outlook for the global glyceryl triacetate market is projected to witness positive growth due to the growth in food and beverage industry during the forecast period.

Global Glyceryl triacetate (triacetin) Players

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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Based on the raw materials, glyceryl triacetate is segmented into

  • Vegetable glycerine
  • Synthetic glycerine

Based on its End Use glyceryl triacetate is segmented into

  • Food Industry
    • Baked products
    • Beverages
    • Dairy products
    • Confectionaries
    • Pet food
  • Tobacco industry
  • Pharmaceuticals
    • Capsule coatings
  • Cosmetics
  • Other
    • Coatings and adhesives
    • Perfumes
    • Inks

Based on Application, glyceryl triacetate is segmented into

  • Emulsifier
  • Fixer
  • Additive
  • Plasticizer
  • Stabilizers
  • Adhesive
  • Antifungal agents

The glyceryl triacetate i.e. triacetin market is driven by some of the prominent players namely

  • ReactChem Co., Ltd.,
  • Jiangsu Lemon Chemical & Technology Co. Ltd,
  • Jiangsu Ruijia Chemistry Co. Ltd.,
  • Henan Huayin Chemical Co. Ltd,
  • Croda International Plc,
  • BASF SE,
  • Eastman Chemical Company,
  • Daicel Corporation.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.
Frequently Asked Questions

What research methodology is used to develop the Glyceryl Triacetate Triacetin Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Glyceryl Triacetate Triacetin Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Glyceryl Triacetate Triacetin Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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