The Triacetin Market to witness growth in the forecast period.

The Triacetin Market size may significantly grow in the forecasted timespan. Triacetin, is also known as triglyceride and glycerin triacetate. It is a chemical compound made artificially and commonly used in food additive, fuel additive and in manufacturing of capsules and tablets.

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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

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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.

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.

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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 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. Though there are large companies operating in the market of triacetin, their product offerings are different and vary from others. Some companies such as Daicel sell their products under fragrance and flavors applications while other companies such as BASE SE sell under brand name. There are numerous small players as well, operating in the triacetin market of Asia Pacific.

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