Title: Triacetin Market - Forecast 2021 - 2026
1Triacetin MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- The Triacetin Market size is forecast to reach
US200 million by 2027, after growing at a CAGR
of 5.1 during 2022-2027, owing to the rising
demand from various end-use industries such as
food and beverage, pharmaceuticals, plastics, and
more. - Triacetin is one of the glycerin acetate
compounds known as glycerin triacetate. It is the
triglyceride of glycerol acetylating agents, such
as acetic anhydride and acetic acid.
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Key Takeaways
- Asia Pacific region dominates the triacetin market
, owing to its increasing food processing
industry in the region. For instance, according
to Invest India, it is forecasted that by 2025-26
the output of the food processing industry will
reach US535 billion. - Triacetin is used in the production of cigarette
filters by the tobacco industry as a solidifier.
The tobacco industry's increasing need for
triacetin is propelling the triacetin market
growth.
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By Distribution Channel- Segment Analysis
The food-grade segment held the largest share in
the triacetin market in 2021. The United States
Food and Drug Administration (USFDA) has allowed
the use of triacetin in food, and it is included
in the Good Food Manufacturing Practices list
(GFM). The food-grade of triacetin is used as an
ingredient in many foods and beverage products
and cosmetics products. Triacetin is a suitable
solvent and fixative for many flavourings and
perfumes because of its strong solvency and low
volatility. As a result of these benefits, the
food-grade triacetin is being used more
frequently in the food and beverage industry,
which propelling the triacetin market growth.
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- Triacetin Market Industry Outlook
- Anhui Hongyang Chemical Co. Ltd.
- Jinlomg Technology Group Co. Ltd.
- Shanghai Innojade International Co. Ltd.
- Eastman Chemical Company
- Emery Oleochemicals
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Triacetin Market - Forecast(2022 - 2027) Learn
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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