Triacetin, also known as glyceryl triacetate has been used as excipient in production tablets & capsules in the pharmaceutical industry. It is mainly used as a humectant, plasticizer, as well as solvent. In United States, The Food and Drug Administration (FDA) has permitted its use as food additive in the food industry. It is widely used as solvent for flavoring various food products. Furthermore, Triacetin is used as a plasticizer for ethyl cellulose, cellulose acetate, and nitrocellulose. It is also used in the perfume & cosmetic industries. Growing demand from various endues industries is driving the growth of global triacetin market over the forecasted period.
According to AMA, the market for Triacetin is expected to register a CAGR of 5.4% during the forecast period to 2026. This growth is primarily driven by The Expansion of Food and Pharmaceutical Sectors and High Demand for Triacetin from Various End-Use Industries.
Globally, a noticeable market trend is evident High demand for triacetin to manufacture cellulose acetate. The Specialty Chemicals sector in the Asia-Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Eastman Chemical Company (United States), LANXESS (Germany), BASF SE (Germany), Polynt Group (Italy), Daicel Corporation (Japan), Jiangsu Ruijia Chemistry Limited Company (China), Lemon-flex Company Limited China (China), Yixing Tianyuan Chemical Co.,Ltd. (China), Atanor S.A. (Argentina) and Yixing YongJia Chemical Co.,Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The United States Food and Drug Administration (FDA) has allowed the use of triacetin in the food industry as a food additive. Triacetin has been listed on the FDA Generally Regarded As Safe (GRAS) List. As per the FDA, triacetin has been found to be non-toxic in long-term feeding tests in rats.
- The Expansion of Food and Pharmaceutical Sectors
- High Demand for Triacetin from Various End-Use Industries
- High demand for triacetin to manufacture cellulose acetate
- Strict Regulations and International Quality Standards for Triacetin
Ample of Raw Material Supply for Triacetin and Growing Opportunities from Untapped Markets
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Triacetin Study Sheds Light on
The Triacetin Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Triacetin industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Triacetin industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.