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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Different secondary sources, such as company websites, encyclopedias, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive, commercial study of the global triacetin market. Primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess prospects of the market. The top-down approach has been implemented to validate the market size in terms of value. With data triangulation procedures and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.
Major Market Developments
• In May 2017, Polynt has completed its merger with Reichhold (US), a producer of unsaturated polyester resin. This merger will help the new Polynt-Reichhold Group enhance its specialty chemical business at the global level.
Scope of the Report:
This research report categorizes the triacetin market based on grade, product type, end-use industry, and region. The report forecasts revenues of leading companies operating in the triacetin market as well as analyzes trends in various submarkets.
Based on Grade:
• Tobacco
• Food
• Industrial
Each class is further described in detail in the report with value forecasts until 2022.
Based on Product Type:
• Plasticizer
• Solvent
• Humectant
• Others
List of Figures (39 Figures)
Figure 1 Research Design: Triacetin Market
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Triacetin Market: Data Triangulation
Figure 5 Tobacco Grade Segment Projected to Lead Triacetin Market During Forecast Period
Figure 6 Plasticizer Product Type Segment Expected to Lead Triacetin Market During Forecast Period
Figure 7 Asia Pacific Projected to Be Fastest-Growing Market for Triacetin During Forecast Period
Figure 8 Increasing Demand for Triacetin From the Tobacco Industry is Anticipated to Drive the Triacetin Market
Figure 9 Tobacco End-Use Industry Segment Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 10 The Plasticizer Segment is Estimated to Account for the Largest Share of the Triacetin Market in 2017
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