Triacetin Market Size

Statistics for the 2023 & 2024 Triacetin market size, created by Mordor Intelligence™ Industry Reports. Triacetin size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Triacetin Industry

Triacetin Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Triacetin Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Triacetin Market Analysis

The Triacetin Market is expected to register a CAGR of more than 4% during the forecast period.

The COVID-19 pandemic varied in triacetin demand, with some industries experiencing an increase and others a decrease. During the pandemic, the demand for pharmaceuticals increased, driving this industry's demand for triacetin. The demand for tobacco products decreased, resulting in a decrease in the demand for triacetin as a humectant in the tobacco industry. In 2021, however, the tobacco industry's demand for triacetin increased.

  • Over the long run, rising demand for plasticizer types and increasing use in the food and beverage industry are expected to drive market growth.
  • However, growing concerns that triacetin and other additives in tobacco products pose health risks, especially when burned and inhaled, are expected to hinder the market growth during the forecast period.
  • Nevertheless, the increasing demand from the e-cigarette industry presents a prospect for market expansion.
  • The Asia-Pacific region is expected to dominate the triacetin market and is further expected to register the fastest growth throughout the forecast period.

Triacetin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)