The Triacetin
Market Global Industry Report was valued at USD 234.5 million in 2016
and projected to reach USD 309.9 million by 2022, at a CAGR of 4.8% during the
forecast period.
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This study answers several questions for stakeholders,
primarily, which market segments they should focus upon during the next two to
five years to prioritize their efforts and investments. These stakeholders
include triacetin manufacturers such as Eastman Chemical (US), LANXESS
(Germany), BASF (Germany), Polynt Group (Italy), and Daicel Corporation (Japan)
are some of the leading companies operating in the triacetin market.
The Asia Pacific region is the largest consumer of triacetin
across the globe. In terms of value, the Asia Pacific triacetin market is
projected to grow at the highest CAGR during the forecast period. The
increasing use of triacetin in tobacco, food & beverages, cosmetics,
pharmaceuticals, and other industries is driving the growth of the triacetin
market across the globe. In this study, 2016 has been considered the base year
and 2017-2022 as the forecast period to estimate the triacetin market size.
The growth of the
tobacco industry is driving the triacetin market
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. The growth of the tobacco
industry, is driving the triacetin market. Triacetin is used in the tobacco
industry as a plasticizer in cigarette filter rods. The increasing consumption
of cigarettes across the globe has resulted in the growth of the tobacco
industry, which has, in turn, increased the demand for triacetin from this
end-use segment.
The following are the
major objectives of the study:
·
To define, describe, and forecast the triacetin
market based on grade, product type, end-use industry, and region
·
To forecast the size of the triacetin market in
terms of value and volume in Asia Pacific, North America, Europe, the Middle
East & Africa, and South America
·
To strategically analyze micromarkets (refer to
further segments and subsegments of the triacetin market included in the report)
with respect to individual growth trends, future prospects, and contribution to
the total triacetin market
·
To analyze the opportunities in the triacetin
market for the stakeholders and draw a competitive landscape for the market
leaders
·
To strategically profile the key players in the
triacetin market and comprehensively analyze their core competencies
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