Triacetin Market 2022

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Triacetin Market Poised to Reach 309.9 Million
USD by 2022
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• 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.
• Early buyers will receive 10 customization on
  this report.

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• 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
• 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.

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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 uses 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.
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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 regions 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.
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• For more information, speak with analyst at
  https//www.marketsandmarkets.com/speaktoanalyst.a
  sp?id1433253
• 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.
• 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 micro markets (refer to
  further segments and sub segments 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

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