DUBLIN--(BUSINESS WIRE)--The "Triacetin Market by Grade (Tobacco, Food, Industrial), Product Type (Plasticizer, Solvent, Humectant), End Use Industry (Tobacco, Food & Beverage, Pharmaceutical, Cosmetic, Chemical), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The triacetin market is projected to grow from 245.6 million in 2017 to USD 309.9 million by 2022, at a CAGR of 4.8% during the forecast period.
There is an increasing demand for triacetin (tobacco grade) from the tobacco industry owing to the growth in consumption of cigarettes across the globe. Demand from the food & beverage, pharmaceutical, and cosmetic industries has also contributed to the growth of the triacetin market. However, stringent regulations and international quality standards for triacetin across the globe act as a restraint to the growth of the triacetin market.
On the basis of grade, the triacetin market has been segmented into tobacco, food, and industrial. The tobacco grade segment of the triacetin market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the increased consumption of cigarettes across the globe, especially in the Asia Pacific region.
In terms of value, the Asia Pacific region is the largest market for triacetin, globally. The Asia Pacific triacetin market is projected to grow at the highest CAGR during the forecast period, in terms of value. The Asia Pacific market for triacetin has been studied for economies such as China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. Increasing population and rise in the purchasing power of consumers have led to an increase in demand for cosmetics products in the Asia Pacific region.
Eastman Chemical Company (US), LANXESS AG (Germany), BASF SE (Germany), Polynt Group (Italy), and Daicel Corporation (Japan) are some of the leading companies operating in the triacetin market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Triacetin Market, By Grade
7 Triacetin Market, By Product Type
8 Triacetin Market, By End-Use Industry
9 Triacetin Market, By Region
10 Competitive Landscape
11 Company Profiles
- Alfa Aesar
- Atanor S.C.A.
- BASF SE
- Daicel Corporation
- Eastman Chemical Company
- Hefei Tnj Chemical Industry Co., Ltd.
- Jiangsu Ruichen Chemical Co., Ltd.
- KLK OLEO
- Lanxess AG
- Lemon-Flex Company Limited China
- Mosselman S.A.
- Polynt Group
- Reactchem Co., Ltd.
- Sisco Research Laboratories Pvt. Ltd. (SRL)
- Spectrum Chemical Mfg. Corp.
- Yixing Kaixin Chemical Co., Ltd.
- Zhonglan Industry Co., Ltd.
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