HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: CH 6007

 

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The triacetin market 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. 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.

The objectives of this study are:

  • 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

Years considered for the study are as follows:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.

Research Methodology

This study aims to estimate the size of the triacetin market for 2017 and projects its demand till 2022. It also provides a detailed qualitative and quantitative analysis of the triacetin market. Various secondary sources, such as directories, industry journals, and several associations have been used to identify and collect information useful for this extensive commercial study of the triacetin market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess future prospects of the triacetin market. The breakdown of profiles of primaries has been shown in the figure below:

Triacetin Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the triacetin market includes raw material suppliers and service providers. 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.

Key Target Audience

  • Manufacturers, Dealers, and Suppliers of Triacetin
  • Government Bodies
  • End-Use Industries
  • Suppliers of Triacetin
  • Companies Engaged in Material-based R&D Activities
  • Food & Beverages Organizations
  • Feedstock Suppliers
  • Industrial Associations
  • Investment Banks
  • Consulting Companies/Consultants in the Chemicals & Materials Sector

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.

Triacetin Market, by Grade:

  • Tobacco
  • Food
  • Industrial

Triacetin Market, by Product Type:

  • Plasticizer
  • Solvent
  • Humectant
  • Others

Triacetin Market, by End-Use Industry:

  • Tobacco
  • Food & Beverage
  • Pharmaceutical
  • Cosmetic
  • Chemical
  • Others

Triacetin Market, by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • End-Use Industry Analysis
    • Further breakdown of product type and end-use industry segments into different subsegments

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Growth Opportunities in the Triacetin Market
    4.2 Triacetin Market, End-Use Industry
    4.3 Triacetin Market, By Product Type and Region
    4.4 Triacetin Market, By Grade

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Demand for Triacetin From End-Use Industries
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulations and International Quality Standards for Triacetin
           5.2.3 Opportunities
                    5.2.3.1 Abundant Supply of Raw Material for Triacetin
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry

6 Triacetin Market, By Grade (Page No. - 36)
    6.1 Introduction
    6.2 Tobacco Grade
    6.3 Food Grade
    6.4 Industrial Grade

7 Triacetin Market, By Product Type (Page No. - 42)
    7.1 Introduction
    7.2 Plasticizer
    7.3 Solvent
    7.4 Humectant
    7.5 Others

8 Triacetin Market, By End-Use Industry (Page No. - 48)
    8.1 Introduction
    8.2 Tobacco
    8.3 Food & Beverage
    8.4 Pharmaceutical
    8.5 Cosmetic
    8.6 Chemical
    8.7 Others

9 Triacetin Market, By Region (Page No. - 58)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Australia
           9.2.6 Rest of Asia Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Russia
           9.3.5 Spain
           9.3.6 Belgium
           9.3.7 Rest of Europe
    9.4 North America
           9.4.1 US
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 South Africa
           9.5.2 Saudi Arabia
           9.5.3 Egypt
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Colombia
           9.6.3 Argentina
           9.6.4 Rest of South America

10 Competitive Landscape (Page No. - 97)
     10.1 Market Ranking Analysis
     10.2 Competitive Situation & Trends
             10.2.1 Mergers

11 Company Profiles (Page No. - 99)
Business Overview, Products Offered, SWOT Analysis, MnM View
     11.1 Eastman Chemical Company
     11.2 Lanxess AG
     11.3 BASF SE
     11.4 Polynt Group
     11.5 Daicel Corporation
     11.6 KLK OLEO
     11.7 Jiangsu Ruichen Chemical Co., Ltd.
     11.8 Atanor S.C.A.
     11.9 Hefei Tnj Chemical Industry Co., Ltd.
     11.10 Mosselman S.A.
     11.11 Yixing Kaixin Chemical Co., Ltd.
     11.12 Reactchem Co., Ltd.
*Details Might Not Be Captured in Case of Unlisted Companies.
     11.13 Other Companies in the Value Chain of the Triacetin Market
             11.13.1 Spectrum Chemical Mfg. Corp.
             11.13.2 Alfa Aesar
             11.13.3 Lemon-Flex Company Limited China
             11.13.4 Sisco Research Laboratories Pvt. Ltd. (SRL)
             11.13.5 Zhonglan Industry Co., Ltd.

12 Appendix (Page No. - 118)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (118 Tables)

Table 1 Triacetin Market Snapshot, 2017 & 2022
Table 2 Triacetin Market, By Grade, 2015-2022 (USD Million)
Table 3 Triacetin Market, By Grade, 2015-2022 (Kilotons)
Table 4 Tobacco Grade Triacetin Market, By Region, 2015-2022 (USD Thousand)
Table 5 Tobacco Grade Triacetin Market, By Region, 2015-2022 (Tons)
Table 6 Food Grade Triacetin Market, By Region, 2015-2022 (USD Thousand)
Table 7 Food Grade Triacetin Market, By Region, 2015-2022 (Tons)
Table 8 Industrial Grade Triacetin Market, By Region, 2015-2022 (USD Thousand)
Table 9 Industrial Grade Triacetin Market, By Region, 2015-2022 (Tons)
Table 10 Triacetin Market, By Product Type, 2015-2022 (USD Million)
Table 11 Triacetin Market, By Product Type, 2015-2022 (Kilotons)
Table 12 Triacetin Plasticizer Market, By Region, 2015-2022 (USD Thousand)
Table 13 Triacetin Plasticizer Market, By Region, 2015-2022 (Tons)
Table 14 Triacetin Solvent Market By Region, 2015-2022 (USD Thousand)
Table 15 Triacetin Solvent Market, By Region, 2015-2022 (Tons)
Table 16 Triacetin Humectant Market, By Region, 2015-2022 (USD Thousand)
Table 17 Triacetin Humectant Market, By Region, 2015-2022 (Tons)
Table 18 Other Triacetin Product Types Market, By Region, 2015-2022 (USD Million)
Table 19 Other Triacetin Product Types Market, By Region, 2015-2022 (Tons)
Table 20 Triacetin Market, By End-Use Industry, 2015-2022 (USD Million)
Table 21 Triacetin Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 22 Triacetin Market for Tobacco, By Region, 2015-2022 (USD Thousand)
Table 23 Triacetin Market for Tobacco, By Region, 2015-2022 (Tons)
Table 24 Triacetin Market for Food & Beverage, By Region, 2015-2022 (USD Thousand)
Table 25 Triacetin Market for Food & Beverage, By Region, 2015-2022 (Tons)
Table 26 Triacetin Market for Pharmaceutical, By Region, 2015-2022 (USD Thousand)
Table 27 Triacetin Market for Pharmaceutical, By Region, 2015-2022 (Tons)
Table 28 Triacetin Market for Cosmetic, By Region, 2015-2022 (USD Thousand)
Table 29 Triacetin Market for Cosmetic, By Region, 2015-2022 (Tons)
Table 30 Triacetin Market for Chemical, By Region, 2015-2022 (USD Thousand)
Table 31 Triacetin Market for Chemical, By Region, 2015-2022 (Tons)
Table 32 Triacetin Market for Other End-Use Industries, By Region, 2015-2022 (USD Thousand)
Table 33 Triacetin Market for Other End-Use Industries, By Region, 2015-2022 (Tons)
Table 34 Triacetin Market, By Region, 2015–2022 (USD Million)
Table 35 Triacetin Market, By Region, 2015–2022 (Kilotons)
Table 36 Asia Pacific Triacetin Market, By Country, 2015-2022 (USD Million)
Table 37 Asia Pacific Triacetin Market, By Country, 2015-2022 (Kilotons)
Table 38 Asia Pacific Triacetin Market, By Grade, 2015-2022 (USD Million)
Table 39 Asia Pacific Triacetin Market, By Grade, 2015-2022 (Kilotons)
Table 40 Asia Pacific Triacetin Market, By End-Use Industry, 2015-2022 (USD Million)
Table 41 Asia Pacific Triacetin Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 42 Asia Pacific Triacetin Market, By Product Type, 2015-2022 (USD Million)
Table 43 Asia Pacific Triacetin Market, By Product Type, 2015-2022 (Kilotons)
Table 44 China Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 45 China Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 46 Japan Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 47 Japan Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 48 India Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 49 India Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 50 South Korea Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 51 South Korea Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 52 Australia Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 53 Australia Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 54 Rest of Asia Pacific Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 55 Rest of Asia Pacific Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 56 Europe Triacetin Market, By Country, 2015-2022 (USD Million)
Table 57 Europe Triacetin Market, By Country, 2015-2022 (Kilotons)
Table 58 Europe Triacetin Market, By Grade, 2015-2022 (USD Million)
Table 59 Europe Triacetin Market, By Grade, 2015-2022 (Kilotons)
Table 60 Europe Triacetin Market, By Product Type, 2015-2022 (USD Million)
Table 61 Europe Triacetin Market, By Product Type, 2015-2022 (Kilotons)
Table 62 Europe Triacetin Market, By End-Use Industry, 2015-2022 (USD Million)
Table 63 Europe Triacetin Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 64 Germany Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 65 Germany Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 66 France Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 67 France Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 68 UK Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 69 UK Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 70 Russia Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 71 Russia Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 72 Spain Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 73 Spain Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 74 Belgium Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 75 Belgium Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 76 Rest of Europe Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 77 Rest of Europe Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 78 North America Triacetin Market, By Country, 2015-2022 (USD Million)
Table 79 North America Triacetin Market, By Country, 2015-2022 (Kilotons)
Table 80 North America Triacetin Market, By Grade, 2015-2022 (USD Million)
Table 81 North America Triacetin Market, By Grade, 2015-2022 (Kilotons)
Table 82 North America Triacetin Market, By Product Type, 2015-2022 (USD Million)
Table 83 North America Triacetin Market, By Product Type, 2015-2022 (Kilotons)
Table 84 US Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 85 US Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 86 Canada Triacetin Market, By End-Use Industry, 2015-2022 (USD Million)
Table 87 Canada Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 88 Mexico Triacetin Market, By End-Use Industry, 2015-2022 (USD Million)
Table 89 Mexico Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 90 Middle East & Africa Triacetin Market, By Country, 2015-2022 (USD Million)
Table 91 Middle East & Africa Triacetin Market, By Country, 2015-2022 (Kilotons)
Table 92 Middle East & Africa Triacetin Market, By Grade, 2015-2022 (USD Million)
Table 93 Middle East & Africa Triacetin Market, By Grade, 2015-2022 (Kilotons)
Table 94 Middle East & Africa Triacetin Market, By Product Type, 2015-2022 (USD Million)
Table 95 Middle East & Africa Triacetin Market, By Product Type, 2015-2022 (Kilotons)
Table 96 South Africa Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 97 South Africa Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 98 Saudi Arabia Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 99 Saudi Arabia Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 100 Egypt Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 101 Egypt Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 102 Rest of Middle East & Africa Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 103 Rest of Middle East & Africa Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 104 South America Triacetin Market, By Country, 2015-2022 (USD Million)
Table 105 South America Triacetin Market, By Country, 2015-2022 (Kilotons)
Table 106 South America Triacetin Market, By Grade, 2015-2022 (USD Million)
Table 107 Middle East & Africa Triacetin Market, By Grade, 2015-2022 (Kilotons)
Table 108 Middle East & Africa Triacetin Market, By Product Type, 2015-2022 (USD Million)
Table 109 Middle East & Africa Triacetin Market, By Product Type, 2015-2022 (Kilotons)
Table 110 Brazil Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 111 Brazil Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 112 Colombia Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 113 Colombia Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 114 Argentina Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 115 Argentina Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 116 Rest of South America Triacetin Market, By End-Use Industry, 2015-2022 (USD Thousand)
Table 117 Rest of South America Triacetin Market, By End-Use Industry, 2015-2022 (Tons)
Table 118 Mergers, 2013-2017


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
Figure 11 Tobacco Grade Segment Projected to Lead the Triacetin Market Between 2017 and 2022
Figure 12 Triacetin Market Dynamics
Figure 13 Triacetin Market: Porter’s Five Forces Analysis
Figure 14 Tobacco Grade Segment Projected to Grow at Highest CAGR During Forecast Period
Figure 15 Asia Pacific Anticipated to Lead Tobacco Grade Segment During Forecast Period
Figure 16 Asia Pacific Anticipated to Lead Food Grade Segment During the Forecast Period
Figure 17 Asia Pacific Anticipated to Lead Industrial Grade Segment During Forecast Period
Figure 18 Plasticizer Product Type Segment Expected to Lead Triacetin Market Between 2017 and 2022
Figure 19 Asia Pacific Projected to Lead Plasticizer Segment During Forecast Period
Figure 20 Asia Pacific Projected to Lead Solvent Segment During Forecast Period
Figure 21 Asia Pacific Projected to Lead Humectant Segment During Forecast Period
Figure 22 Asia Pacific Projected to Lead Others Segment During Forecast Period
Figure 23 Tobacco End-Use Industry Segment Expected to Lead Triacetin Market Between 2017 and 2022
Figure 24 Asia Pacific Projected to Lead Tobacco End-Use Industry Segment During Forecast Period
Figure 25 Asia Pacific Projected to Lead Food & Beverage End-Use Industry Segment During Forecast Period
Figure 26 Asia Pacific Projected to Lead Pharmaceutical End-Use Industry Segment During Forecast Period
Figure 27 Asia Pacific Projected to Lead Cosmetic End-Use Industry Segment During Forecast Period
Figure 28 Asia Pacific Projected to Lead Chemical End-Use Industry Segment During Forecast Period
Figure 29 Asia Pacific Projected to Lead Others Segment During Forecast Period
Figure 30 Regional Share of the Triacetin Market, 2016
Figure 31 Asia Pacific Triacetin Market Snapshot
Figure 32 Europe Triacetin Market Snapshot
Figure 33 North America Triacetin Market Snapshot
Figure 34 Latin America Triacetin Market Snapshot
Figure 35 South America Triacetin Market Snapshot
Figure 36 Eastman Chemical Company: Company Snapshot
Figure 37 BASF SE: Company Snapshot
Figure 38 Polynt Group: Company Snapshot
Figure 39 Daicel Corporation: Company Snapshot

The triacetin market is estimated to be USD 245.6 Million in 2017 and is projected to reach USD 309.9 Million by 2022, at a CAGR of 4.8% from 2017 to 2022. Increasing demand from end-use industries, such as tobacco, food & beverage, pharmaceutical, and cosmetic, is expected to drive the growth of the triacetin market during the forecast period.

Based on grade, the tobacco segment of the triacetin market is projected to grow at the highest CAGR during the forecast period owing to the growing consumption of tobacco grade triacetin in the tobacco industry, for use in cigarette filter rods. The food grade segment is the second-largest grade segment of the triacetin market. Food grade triacetin is used in various applications in the food & beverage industry, such as in baked foods, dairy products, confectionaries, and others.

Among end-use industries, the tobacco industry segment is projected to lead the triacetin market during the forecast period, in terms of value. The increasing consumption of cigarettes, globally, has fueled the demand for triacetin in the tobacco industry. Food & beverage is the second-largest end-use industry segment of the triacetin market. Increasing spending on eating out and growing consumption of food products (such as dairy products) have driven the demand for triacetin in the food & beverage industry.

Triacetin Market

Among regions, Asia Pacific is the largest market for triacetin. Continuously increasing population and growing number of end-use industries have led to the increased demand for triacetin in the Asia Pacific region. This, in turn, has fueled the growth of the Asia Pacific triacetin market. In addition, continuous R&D activities being carried out by end-use industries, such as food & beverage and pharmaceutical, for the development of new products are fueling the growth of the triacetin market in the Asia Pacific region.

The overall growth of the triacetin market is due to the increasing consumption of cigarette across the globe, which is the major application of triacetin. Triacetin is also used in various food applications, including baked foods, dairy products, and others. In the cosmetic industry, triacetin is widely used for its texturing, moisturizing, emulsifying, and stabilizing properties. In the pharmaceutical industry, triacetin is used as an excipient in the manufacturing of capsules and tablets. It is also widely used in this industry as an antifungal agent and a plasticizer for manufacturing capsules and capsule coatings. However, stringent regulations and international quality standards have restricted the use of triacetin in various countries.

Eastman Chemical Company (US), LANXESS AG (Germany), BASF SE (Germany), Polynt Group (Italy), and Daicel Corporation (Japan) are some of the leading companies operating in the triacetin market.

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