Global consumption of Triacetin is estimated to be 256.9 K MT in 2023

Global consumption of Triacetin is estimated to be 256.9 K MT in 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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The global Triacetin industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as Eastman, Lanxess, BASF, Daicel and Jiangsu Ruijia. At present, Jiangsu Ruijia is the world leader, holding 23.63% production market share in 2016.

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The global consumption of Triacetin increases from 138.5 K MT in 2012 to 173.9 K MT in 2016, at a CAGR of more than 5.85%. In 2016, the global Triacetin consumption market is led by China and China is the largest region consumption market, accounting for about 54.14% of global consumption of Triacetin.

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QYResearch

• Triacetin downstream is wide and recently Triacetin has acquired increasing significance in various fields of Tobacco, Food, Foundry and others. Globally, the Triacetin market is mainly driven by growing demand for Tobacco. Tobacco accounts for nearly 60.94% of total downstream consumption of Triacetin in global. • Triacetin can be mainly divided into Tobacco Grade, Industrial Grade and Food Grade which Tobacco Grade captures about 62.21% of Triacetin market in 2016. According to our research and analysis, manufacturers from China are the major leaders in the international market of Triacetin.

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QYResearch

Global Triacetin market is expected to witness significant growth on account of rising applications, so in the next few years, Triacetin consumption will show a trend of steady growth. In 2023 the consumption of Triacetin is estimated to be 256.9 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

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