Global Triacetin Market Growth 2019-2024

The Triacetin 1,2,3-triacetoxypropane is more generally known as triacetin and glycerin triacetate. It is the triester of glycerol and acetic acid, and is the second simplest fat after triformin. Triacetin is readily soluble in aromatic hydrocarbons and most organic solvents. It is insoluble in aliphatic hydrocarbons, mineral oils, and vegetable and animal oils. Solubility in water is low.
The global Triacetin industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as Eastman, Lanxess, BASF, Daicel and Jiangsu Ruijia. At present, Jiangsu Ruijia is the world leader, holding 23.63% production market share in 2016.
Triacetin downstream is wide and recently Triacetin has acquired increasing significance in various fields of Tobacco, Food, Foundry and others. Globally, the Triacetin market is mainly driven by growing demand for Tobbacco. Tobacco accounts for nearly 60.94% of total downstream consumption of Triacetin in global.
Triacetin can be mainly divided into Tobacco Grade, Industrial Grade and Food Grade which Tobacco Grade captures about 62.21% of Triacetin market in 2016. According to our research and analysis, manufacturers from China are the major leaders in the international market of Triacetin.

According to this study, over the next five years the Triacetin market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 440 million by 2024, from US$ 300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Triacetin business, shared in Chapter 3.

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This report presents a comprehensive overview, market shares, and growth opportunities of Triacetin market by product type, application, key manufacturers and key regions and countries.

This study considers the Triacetin value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Tobacco Grade
Industrial Grade
Food Grade
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Tobacco
Food
Foundry
Others

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Research objectives
To study and analyze the global Triacetin consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Triacetin market by identifying its various subsegments.
Focuses on the key global Triacetin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Triacetin with respect to individual growth trends, future prospects, and their contribution to the total market.

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