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Triacetin is also known as glyceryl triacetate and triglyceride 1,2,3-triacetoxypropane. It is used in making tablets and capsules in the pharmaceutical industry. The Food and Drug Administration (FDA) has approved its usage as food additive in the food industry. It is used as solvent for flavoring various food products. Triacetin is used as a plasticizer for cellulose acetate, ethyl cellulose, and nitrocellulose.

Based on application, the triacetin market is segmented into plasticizer, food additive, pharmaceutical, cosmetics, metal processing, and others. Triacetin offers superior suitability for the solidification of cellulose fibers. It also provides excellent plasticizing effect for various cellulose based paints and plastics. Triacetin is used as a plasticizer in nail polish in the cosmetic industry. Increase in usage of nail polish in the cosmetic industry is likely to boost the demand for triacetin in the near future. Furthermore, it is used during metal extraction and metal processing methods. It is used as plasticizer for cellulose acetate. Cellulose acetate is employed in the cigarette industry to manufacture cigarette filters. Triacetin is manufactured in a batch-wise controlled reaction of acetic acid, acetic anhydride, and glycerol. Fluctuation in prices of raw materials is likely to hamper the demand for triacetin.  

The global market for triacetin is expected to be driven by the expansion of food and pharmaceutical sectors. Asia Pacific is likely to be the growing region for triacetin in the next few years owing to the rapid increase in demand for pharmaceutical and food in China and India. Rise in population in developing countries such as China, India, and Brazil and increase in disposable incomes and purchase parity are estimated to boost the usage of triacetin. Manufacturers operating in the triacetin market focus on developing economies to increase their market share. Demand for cellulose acetate to manufacture cigarette filters is likely to increase owing to the rising consumption of cigarettes in the last few years. This, in turn, is estimated to boost the demand for triacetin to manufacture cellulose acetate. The market dynamics in Latin America and the Middle East are favorable for the growth of the triacetin market. Various large scale pharmaceutical and food manufacturers are located in North America and Europe. Thus, the steadily improving economies of North America and Europe are also estimated to provide impetus to the global triacetin market. Demand for food and pharmaceutical products such as tablets and capsules has been rising significantly across the globe since the last few years. This is projected to propel the usage of triacetin during the forecast period. The factors mentioned above are likely to positively influence the global triacetin market.

Key companies operating in the global triacetin market include LANXESS, Croda International Plc, BASF SE, Eastman Chemical Company, Henan Huayin Chemical Co.,Ltd. and DAICEL CORPORATION. Several large companies operate in the triacetin market. However, the product offerings of different companies vary from each other. For instance, DAICEL CORPORATION sells their product for flavors & fragrance applications. BASF SE sells triacetin under the brand name Kollisolv. It is used in the manufacture of capsules and tablets. Numerous small scale players also operate in the market in Asia Pacific. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Triacetin Market

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