Triacetin market 2022

The report "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", The triacetin market is projected to grow from USD 245.6 Million in 2017 to USD 309.9 Million by 2022, at a CAGR of 4.8% from 2017 to 2022.

Browse 118 tables and 39 figures spread through 128 pages and in-depth TOC on "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" https://www.marketsandmarkets.com/Market-Reports/triacetin-market-1433253.html Early buyers will receive 10% customization on this report.

Increasing consumption of triacetin as a plasticizer, or solvent, or humectant in various end-use industries, such as food & beverage, tobacco, pharmaceutical, and cosmetic is fueling the triacetin market growth.

The tobacco grade segment is projected to grow at the highest CAGR during the forecast period, in terms of value Based on grade, the tobacco segment of the triacetin market is projected to grow at the highest CAGR during the forecast period, in terms of value. As a tobacco grade, triacetin is widely used in the tobacco industry in cigarette filters. The growing consumption of cigarettes across the globe is driving the growth of the tobacco grade segment. According to a study by The Tobacco Atlas, 5.8 trillion cigarettes were smoked globally in 2014.

The plasticizer product type segment is projected to lead the triacetin market between 2017 and 2022, in terms of value

Among product types, the plasticizer segment is projected to lead the triacetin market during the forecast period, in terms of value. As a plasticizer, triacetin is used in various applications for different purposes. One of its major use as a plasticizer is in cellulose acetate filters or cigarette filter rods. The significant consumption of cigarettes across the globe is the major driving factor for the plasticizer segment. Another major application of plasticizer is in chewing gum where it is used to reduce brittleness and increase flexibility.

The tobacco industry is projected to lead the triacetin market between 2017 and 2022, in terms of value Based on end-use industry, the tobacco industry segment is projected to lead the triacetin market during the forecast period, in terms of value. The tobacco industry is one of the fastest-growing and largest industries in the world. According to a study, the market size of the tobacco industry is around USD 800 billion. Triacetin is used as a plasticizer in cellulose acetate filters or cigarette filter rods. According to British American Tobacco, there are an estimated one billion adult smokers worldwide. Growing consumption of cigarettes across the globe is driving the growth of the tobacco industry.

The Asia Pacific triacetin market is projected to grow at the highest CAGR during the forecast period, 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 growth of the market in Asia Pacific can be attributed to the increased demand for triacetin from the region’s emerging economies for use in various end-use industries. High economic growth and increased investments in the pharmaceutical and cosmetic sectors by various governments and leading market players are also fueling the growth of the triacetin market in the Asia Pacific region.

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.

About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients.

Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive

collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Rohan MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com