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Triacetin Market to Hit USD 375.68 Million by 2030 Amid Growing Demand in Cosmetics and Pharmaceuticals

07-12-2024 08:09 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Triacetin Market

Triacetin Market

๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก:

The global triacetin market is poised for substantial growth, with projections indicating it will reach USD 375.68 million by 2030, driven by a steady compound annual growth rate (CAGR) of 4% from 2024 to 2030. Triacetin, a glycerine acetate chemical, plays a crucial role in various industries, particularly food and beverages, cosmetics, and pharmaceuticals, thanks to its unique properties and applications.

๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Triacetin is a member of the class of glycerine acetate compounds known as glycerine triacetate. It is the triglyceride that results from acetylating glycerol with either acetic acid or acetic anhydride. The triacetin market is being driven by the requirement for flavorings and perfumes in the food and beverage industry. In a similar vein, the triacetin industry is growing faster thanks to the fast expansion of the cosmetics sector. The triacetin market is being driven by all of these factors, and this trend is anticipated to continue for the remainder of the forecast period.

๐…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐œ๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/33334/
๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐จ๐ซ ๐ƒ๐ž๐œ๐ซ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ซ ๐ฐ๐ก๐š๐ญ ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ฌ??

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

๐๐ก๐š๐ซ๐ฆ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ๐ฌ: ๐€ ๐Š๐ž๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‚๐š๐ญ๐š๐ฅ๐ฒ๐ฌ๐ญ

Triacetin is instrumental in the production of cancer-fighting and antifungal medications, significantly boosting its demand in the pharmaceutical sector. Increased pharmaceutical spending globally is a major driver for this market. For instance, Ireland's pharmaceutical expenditure rose by 4.6% in 2021, reaching approximately USD 7.04 billion, according to the Organisation for Economic Co-operation and Development (OECD). Similarly, India's burgeoning pharmaceutical industry is expected to hit USD 65 billion by 2024, further propelling the triacetin market.

๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ: ๐‘๐ข๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐’๐ค๐ข๐ง๐œ๐š๐ซ๐ž ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ

The cosmetics industry, particularly skincare products, is experiencing rapid growth, contributing to the surge in triacetin demand. Triacetin's ability to inhibit microbial growth makes it a valuable ingredient in cosmetics. The Cosmetics Toiletry and Perfumery Association (CTPA) reported significant increases in global hand care and body cream sales in 2021, underscoring the expanding market for triacetin in personal care products.

๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-19

The COVID-19 pandemic initially disrupted the triacetin market, affecting supply chains, manufacturing, and exports. However, the market demonstrated resilience, rebounding as governments implemented measures to sustain manufacturing activities. By mid-2022, the impact of the pandemic had diminished, allowing the triacetin market to regain its growth trajectory.

๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐†๐ซ๐š๐๐ž

Tobacco Grade
Food Grade
Industrial Grade

๐…๐จ๐จ๐ ๐š๐ง๐ ๐๐ž๐ฏ๐ž๐ซ๐š๐ ๐ž ๐’๐ž๐œ๐ญ๐จ๐ซ: ๐‹๐ž๐š๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

In 2023, the food and beverage segment held the largest share of the triacetin market, driven by its superior properties such as texture improvement, moisturization, and emulsification. The sector is expected to grow at a CAGR of 6% from 2024 to 2030, fueled by increasing global demand for dairy products and other food items. The United States Department of Agriculture (USDA) reported a 3.02% increase in total dairy product output from 2021 to 2023, highlighting the sector's growth.

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Plasticizer
Solvent
Humectant
Others

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Tobacco
Food & Beverage
Pharmaceutical
Cosmetic
Chemical
Others

๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐š๐ง๐ ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

Market Report Triacetin provides an elaborate examination of the Triacetin commercial, where a study about Triacetin markets and their segments is included. The data comes from primary as well as secondary research approaches. The variety of sources, including trade magazines, government publications, company websites, market assessments, industry reports, annual reports, and databases, are used to gather secondary data. The valuation of the Triacetin market for Product and geographic segments is given based on current market trends and conditions. The most recent development in the industry and the future market overview give recognition to its recent advancements. It brings a deep analysis, including market size and forecast, trends, growth drivers as well as challenges faced by Triacetin Market.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ + ๐•๐ข๐ฌ๐ฎ๐š๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/33334/
๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐œ๐ก ๐ซ๐ž๐ ๐ข๐จ๐ง๐ฌ??

๐€๐ฌ๐ข๐š-๐๐š๐œ๐ข๐Ÿ๐ข๐œ: ๐€ ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ง๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง

The Asia-Pacific region dominated the triacetin market in 2023, accounting for 31% of the global share. This dominance is attributed to the region's expanding food, beverage, and personal care industries. For example, the Indian Brand Equity Foundation (IBEF) projects that India's packaged food consumption will reach USD 70 billion by 2030. Similarly, the South Korean cosmetics market was valued at USD 9.37 billion in 2023 and continues to grow, according to the International Trade Administration (ITA).

China, the world's second-largest economy, is expected to achieve a market size of USD 68.3 million by 2030, with a CAGR of 6.2% from 2024 to 2030. The United States, Japan, and Canada are also significant markets, with varying growth rates, indicating a widespread and robust demand for triacetin.

๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Eastman Chemical Company
2. Lanxess AG
3. BASF SE
4. Polynt Group
5. Daicel Corporation
6. KLK OLEO
7. Jiangsu Ruichen Chemical Co., Ltd.
8. Atanor S.C.A.
9. Hefei Tnj Chemical Industry Co., Ltd.
10. Mosselman S.A.
11. Yixing Kaixin Chemical Co., Ltd.
12. Reactchem Co., Ltd.
13. Spectrum Chemical Mfg. Corp.
14. Alfa Aesar
15. Lemon-Flex Company Limited China
16. Sisco Research Laboratories Pvt. Ltd. (SRL)
17. Zhonglan Industry Co., Ltd.
18. Croda International Plc
19. Henan Huayin Chemical Co., Ltd.

๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

The triacetin market report provides a comprehensive landscape analysis, competitive benchmarking, and detailed insights into the market's past and present status, alongside future trends. Key players, including market leaders, followers, and new entrants, are evaluated based on product portfolio, financial position, growth strategies, and regional presence. The report also delves into technology trends and the potential impact of micro-economic factors on the market.

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง

The triacetin market is set for significant growth, driven by increasing applications in pharmaceuticals, cosmetics, and food and beverages. With strong regional performance in Asia-Pacific and growing demand in other key markets, the future of the triacetin industry looks promising, offering ample opportunities for stakeholders and investors alike.

๐‘๐ž๐œ๐ž๐ข๐ฏ๐ž ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/global-triacetin-market/33334/
๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Triacetin?
What is the growth rate of the Triacetin Market?
Which are the factors expected to drive the Triacetin market growth?
What are the different segments of the Triacetin Market?
What growth strategies are the players considering to increase their presence in Triacetin?
What are the upcoming industry applications and trends for the Triacetin Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Triacetin Market?
Who are the leading companies and what are their portfolios in Triacetin Market?
What segments are covered in the Triacetin Market?
Who are the key players in the Triacetin market?
๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐Š๐ž๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐ก๐ž๐ฆ๐ž๐ฌ:

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๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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MAXIMIZE MARKET RESEARCH PVT. LTD
Triacetin Industry Sees 4% CAGR Growth Amidst Expanding Applications
๐†๐ฅ๐จ๐›๐š๐ฅ ๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ญ๐ž๐š๐๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก: ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ The global triacetin market is projected to reach USD 375.68 million by 2030, experiencing a compound annual growth rate (CAGR) of 4% from 2024 to 2030.Triacetin, also known as glycerine triacetate, is a versatile chemical utilized across various industries, including food and beverage, cosmetics, and pharmaceuticals. ๐†๐ฅ๐จ๐›๐š๐ฅ ๐“๐ซ๐ข๐š๐œ๐ž๐ญ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ The demand for triacetin is primarily driven by its applications as aโ€ฆ
12-28-2023 | Advertising, Media Consulting, โ€ฆ
Global Market Estimates Research & Consultants
Global Triacetin Market Size & Trends
According to a new market research report published by Global Market Estimates, the global triacetin market is projected to grow at a CAGR of 4.4% from 2023 to 2028. The key forces driving market growth are the increased demand for food and beverages, the growth of the pharmaceutical industry, and the growing need for cosmetic and personal hygiene products. Browse 147 Market Data Tables and 115 Figures spread through 163 Pages andโ€ฆ
11-28-2023 | Industry, Real Estate & Constr โ€ฆ
DataM Intelligence 4Market Research
Triacetin Market Size, Share, Trends and Outlook 2023-2030
Triacetin is a triglyceride produced by the acetylation of the three hydroxy groups of glycerol. It has fungistatic properties based on the release of acetic acid and is also used in the topical treatment of dermatophyte infections. In the pharmaceutical industry, triacetin is used as a solvent and plasticizer in the production of tablets and capsules and the formulation of creams, ointments, and other topical products. Additionally, the chemical canโ€ฆ
06-11-2019 | Arts & Culture
Triacetin
Triacetin Market Facts, Developments, Growth, Solutions & Applications 2019
Triacetin Marketย report enhanced on worldwide competition by topmost prime manufactures (BASF SE, Daicel Corporation, Eastman Chemical Company, Henan Huayin Chemical Co., Ltd., Jiangsu Licheng Chemical Co., Ltd., Jiangsu Ruijia Chemistry Co., Ltd., KLK OLEO Group, Lanxess AG, Mosselman S.A., Polynt Group) which providing information such asย company profiles, product picture and specification, capacity, production, price, cost, revenueย and contact information. Triacetin market report provides (5 Forces Forecast 2019-2024) an in-intensity insight ofโ€ฆ
05-02-2017 | Business, Economy, Finances, B โ€ฆ
Global Market Insights Inc.
Triacetin market products, applications & regional Performance 2024
The Triacetin Market size may significantly grow in the forecasted timespan. Triacetin, is also known as triglyceride and glycerin triacetate. It is a chemical compound made artificially and commonly used in food additive, fuel additive and in manufacturing of capsules and tablets. Purchase Triacetin market Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766 Pharmaceutical and food sector are the major drivers to the global triacetinโ€ฆ