Triacetin/Glyceral Triacetate Market by Product, by Grade, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

Global Triacetin/Glyceral Triacetate Market was valued to reach USD 252.8 Million in 2018, and is set to grow at CAGR of 4.2% from 2020–2026. Factors like increasing adoption of triacetin from various end-use industries such as tobacco, food, pharmaceutical and chemical industry and increasing health awareness among the customers are driving the market growth.

Get Sample Report: https://dataintelo.com/request-sample/?reportId=129450

Triacetin is a trimester of glycerine and acetic acid that has been used over for seven decades. It has a wide range of use comprising cosmetic biocide, plasticizer, and food additive and flavouring agent. Chemically, it is also known as glyceral triacetate, glycerine triacetate and triacetyl glycerine. In addition, these products are oily, colorless and can be chemically synthesized. These are naturally found in cod-liver oil, fats and butter. FDA is a governing body in the U.S. that sets the parameters for manufacturing of triacetin. Triacetyl glycerol is one the derivative products of glycerol that can be used as additives in liquid fuels to minimize any noise in the machine. The use of triacetin as an octane booster is considered as lucrative since it comes from the renewable and is an eco-friendly available raw material. The resulting glycerol-based additives are much suitable for biodiesel and gasoline.

Tetraethyl lead is a commonly used octane booster which is pivotal in degrading atmospheric air. Therefore, effective use of triacetin as an octane booster is expected to be a viable alternative since it is a renewable and an eco-friendly raw material. In the medical industry it plays a pivotal role as a plasticizer and humectant. On commercial basis, it is also used in the cosmetic and perfume industries.

Triacetin/Glyceral Triacetate Market Drivers:

Triacetin/glyceral triacetate market is driven by increase in health awareness among consumers and rise in concerns for food ingredients. Rising demand for food and beverage packaging followed by low production cost and minimal side-effects on human health is likely to trigger the market demand in the coming years. On contrary, the side effects of triacetin are high owing to the high production volume of chemicals. Moreover, the production costs are likely to create disturbances in the market in the due course of time.