+1-888-308-5802     
News Contact Us

Triacetin Market growth is propelled by increasing demand in pharmaceutical and food sector

Author : Ronak Bora | Published Date : 2019-03-18 

Pharmaceutical and food sector are the major drivers to the global triacetin market. The United States Food and Drug Administration (FDA) has permitted the use of triacetin in the food industry as food additive. Flavoring several food products is done as the product’s property is that it acts like a solvent. It also acts as an excipient in medicinal products, where it is used as a plasticizer and humectant. The product is known for its low volatility and high solvency power. It is used in the production of nail polish as well. Triacetin’s demand is sure to increase due to the rising use of nail polish in the beauty and cosmetic industry. Besides, it is also used in the processing methods of metals and metal extraction. For many copolymers and vinylidene polymers, nitrocellulose, ethyl cellulose and cellulose acetate, triacetin is being used as a plasticizer.

Triacetin is produced in a batch-wise contained reaction of glycerol, acetic anhydride and acetic acid. The demand for the product is likely to be affected due to the raw material price variation / unstable costs. These raw materials include Ethly Acetate, Glycerol, Amyl Acetate, Acetic Acid Glacial and Dehydrolyzing Agent.

Request for an in-depth table of contents for this report @ www.gminsights.com/request-toc/upcoming/1258

In the Middle East and Latin America, market dynamics are fortunate and favorable for triacetin’s market growth. Europe and North America have numerous large scale food and pharmaceutical manufacturers. Demand for capsules and tablets has been significantly increasing around the globe since the last few decades. This is likely to drive the usage of the product in a positive way during the forecast period. These factors mentioned are expected to affect the universal triacetin market positively. Thus, the progressively developing economies of Europe and North America are also projected to deliver stimulus to the global triacetin market.

Some of the segments of the triacetin market are pharmaceutical, food additive, cosmetics, metal processing, plasticizer and others. These segments are classified on the bases of their application. One of triacetin’s main use is as a plasticizer in chewing gum. The product is known for offering superior suitability for the solidification process of cellulose fibers. It also offers a brilliant plasticizing effect for several plastics and paints which are cellulose based. In the cosmetic industry, nail polish contains the use of triacetin as plasticizing agent.

Request for customization @ www.gminsights.com/roc/1258

Asia Pacific is a probable growing area for triacetin market in the coming few years. Brazil, India and China are the developing countries with rising population, disposable income and purchasing power which will increase the use of Triacetin. To increase the triacetin market share, producers and manufacturers focus on the developing economies rather than the developed ones. The manufacturing of triacetin is largely spread in the countries such as Germany, Japan, China and the United States.

The triacetin market has turned out to be very competitive internationally. Some of the significant companies that are functioning in this market globally are mainly Eastman Chemical Company, Croda International Plc, Daicel Corporation, BASF SE, Lanxess, Jiangsu Lemon, Wuxi Kailai Biotechnology, Jiangsu Ruijia Chemistry, Yixing Kaixin Chemical, Jiangsu Licheng Chemica and others.

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Europe Automotive Turbochargers Market to witness highest growth rate during forecast period

Published Date: 2019-05-24         Author: Ronak Bora

Europe automotive turbochargers market will grow considerably over the study timeframe. This can be credited to the presence of major automobile companies adopting turbocharging technologies across their product portfolio. Automotive turbochargers market for PCVs accounted for a revenue share of ... Read More

Asia Pacific Automotive Relay Market Size to grow at over 4.5% CAGR To 2024

Published Date: 2019-05-24         Author: Ronak Bora

High demand of automotive PCB relays in Asia Pacific and Europe has induced an immense potential to the automotive relay market size. Stringent government regulations in Europe regarding incorporation of safety features into vehicles, replacement of obsolete technologies, and fuel efficiency standar... Read More

Asia Pacific Power Sports Market to grow at over 4.5% CAGR To 2025

Published Date: 2019-05-24         Author: Ronak Bora

Asia Pacific power sports market share will showcase significant growth over the forecast timeframe. The growth can be credited to the increasing awareness about off-roading events among youth coupled with rising disposable income across the region. The proliferating presence of industry players to ... Read More

© 2019 Fractovia. All Rights Reserved