Triacetin Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Triacetin Market Size
The global Triacetin market was valued at US$ 397.4 million in 2023 and is anticipated to reach US$ 569.1 million by 2030, witnessing a CAGR of 5.2% during the forecast period 2024-2030.

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Triacetin Market
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.
Triacetin is found in some food like butter as it is used as a food additive for the solvency of flavourings for the function of humectant. It is used in perfumery and cosmetics for these applications. It is used as an antifungal agent in external medicine for topical treatment of superficial fungal infections of the skin. Triacetin is applied to cigarette filter as a plasticizer. It is used as a gelatinizing agent in explosives.
Under suitable conditions, Triacetin can be stored for one year. Triacetin can be stored in a stainless steel tank.
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% production market share.
This report aims to provide a comprehensive presentation of the global market for Triacetin, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Triacetin.
Report Scope
The Triacetin market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Triacetin market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Triacetin manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Segment by Type
• Tobacco Grade
• Industrial Grade
• Food Grade
• Others

Segment by Application
• Tobacco
• Food
• Foundry
• Others

By Company
Eastman, Polynt, Daicel, Lanxess, BASF, Jiangsu Ruijia, Jiangsu Lemon, Yunnan Huanteng, Yixing Tianyuan, Yixing YongJia Chemical, Jiangsu Licheng, Xinxiang Huayang

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