A triacetin, also known as triglyceride and glycerin triacetate is a triestor of glycerol and acetylating agents such as acetic anhydride and acetic acid. It was prepared for the very first time by a French chemist, Mr. Marcellin Berthelot. Triacetin is basically an artificial chemical compound which is mostly used as food additive in the form of solvent and flavorings. It serves as an excipient in pharmaceutical product in the form of a plasticizer and a solvent. Triacetin is also considered as a source of food energy in artificial food regeneration systems. It is advisable for a human body, to get at least half of its dietary energy from triacetin.
Market Dynamics
Increased consumption of cigarettes across the globe has instigated the growth of tobacco industry which in turn has driven the growth of the triacetin market. Furthermore, the demand for packaged food and beverages has increased to a greater extent. This factor also act as a drive for the growth of the triacetin market globally. International quality standards, coupled with stringent regulations have restrained the growth of the market. The growing demand for triacetin from various industries namely, food & beverage, tobacco, pharmaceutical, cosmetic etc., will foster the growth of the market globally, in the years to come.
Market Scope
The "Global Triacetin Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the triacetin market with detailed market segmentation by grade, product type, application, end use industry and geography. The global triacetin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading the flue gas treatment system players and offers key trends and opportunities in the market.
Market Segmentation
The global triacetin market market is segmented on the basis of grade, product type, application, end use industry, and geography. On the basis of grade the market classify into tobacco, food, industrial and others. The market on the basis of product type is broken into plasticizer, solvent, humectant and others. On the basis of end use industry the market is bifurcated into tobacco, food and beverages, pharmaceutical, cosmetic, chemical and others. As per application the market is segmented into emulsifier, fixer, additive, stablizers,adhesives, antifungal agents and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the triacetin market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The triacetin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the triacetin market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the triacetin market in these regions.
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MARKET PLAYERSThe reports cover key developments in the triacetin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from triacetin market are anticipated to lucrative growth opportunities in the future with the rising demand for triacetin in the global market. Below mentioned is the list of few companies engaged in the triacetin market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the triacetin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Atanor S.C.A
-Croda International Plc.
-DAICEL CORPORATION
-Eastman Chemical Company
-Henan Huayin Chemical Co. Ltd
-Jiangsu Lemon Chemical & Technology Co. Ltd
-Jiangsu Ruijia Chemistry Co. Ltd.
-Kuala Lumpur Kepong Berhad (KLK)
-LANXESS
-ReactChem Co., Ltd.
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