Market Size of Triacetin Industry
| 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
*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.
