Market Size – USD 280.9 Million in 2020, Market Growth - CAGR of 4.4%. Market Trends – FDA pproval and Expansion of F&B sector for Triacetin/Glyceral Triacetate market.

According to the current analysis of Reports and Data, the global Triacetin/Glyceral Triacetate market was valued at USD 280.9 Million in 2020 and is expected to reach USD 391.3 Million by year 2028, at a CAGR of 4.4%. Triacetin, also known as Glyceral triacetate, is a trimester of glycerol and acetic acid. It is an artificial chemical compound used in the varied application including tobacco industry, food additive, pharmaceutical products, fuel additive, humectant, and plasticizer and as a solvent. It is also known as triglyceride and 1, 2, 3-triacetoxypropane. The demand for the product is likely to be affected due to the raw material price variation / unstable costs. These raw materials include Ethly Acetate, Glycerol, Amyl Acetate, Acetic Acid Glacial and Dehydrolyzing Agent. Recently, on April 2020, FDA has approved the use of triacetin in the food industry as a flavouring agent and adjuvant and has been listed on the FDA Generally Regarded As Safe (GRAS) List.

The excellent properties of triacetin, such as its compatibility with natural and synthetic rubber and resistance to light, have increased its demand from the chemical industry. Due to the recently FDA approval to be used as food additives and even its high demand for plasticizer and humectant, so there’s an expansion of food and pharmaceutical sectors. The increasing use of triacetin in tobacco, food & beverages, cosmetics, pharmaceuticals, and other industries is driving the growth of the Triacetin/Glyceral Triacetate market across the globe.

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To gain a deeper understanding of the Triacetin/Glyceral Triacetate market, the report further provides an exhaustive analysis of the competitive landscape, including profiling of the competitors, revenue, % revenue market share, and technological and product advancements. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the established companies. The report also sheds light on the government policies and their amendments related to the Triacetin/Glyceral Triacetate market.

Key Manufacturers of the Triacetin/Glyceral Triacetate Market Studied in the Report are:

China,
North America,
Europe and Japan,
such as Eastman,
Lanxess, BASF,
Daicel and Jiangsu Ruijia
Furthermore, the report focuses on the segmentation of the global Triacetin/Glyceral Triacetate market based on types and applications.

Triacetin/Glyceral Triacetate Market Segmentation based on Product Types:

Plasticizer
Emulsifier
Solvent
Humectant
Others
Triacetin/Glyceral Triacetate Market Segmentation based on End-User:

Tobacco
Food & Beverage
Pharmaceutical
Cosmetic
Others
Regional Analysis of the Triacetin/Glyceral Triacetate Market Includes:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Highlights of the TOC:

Report Overview
1.1 Research Scope
1.2 Key Triacetin/Glyceral Triacetate market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Triacetin/Glyceral Triacetate market size
2.2 Latest Triacetin/Glyceral Triacetate market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Triacetin/Glyceral Triacetate market key players
3.2 Global Triacetin/Glyceral Triacetate size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Triacetin/Glyceral Triacetate market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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