North America Triacetin Market – Growth & Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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North America Triacetin Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

With the constant increase in global warming and harmful emissions from vehicles, the number of respiratory disorders is increasing in humans. Triacetin is one of the major components of drugs and medicines used to treat and fight such disorders.

North America Triacetin Market Segments Size & Growth:

Triacetin Market is accounted as USD XX million in 2017 and expected to grow at a CAGR of XX% to reach XX million by 2024 during the forecast period 2018-2024. The major drivers for this market are pharmaceutical & food sectors. The United States of Food & Drug Administration (FDA) has permitted to use triacetin in the food industry as food additives.

North America Triacetin Market Segments Share:

By geography, North America is segmented as United States, Canada, and Mexico. North America has numerous large-scale food and pharmaceutical manufacturers. Demand for capsules and tablets have been significantly increasing around the globe

North America Triacetin Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
since the last few decades.

By grades, it is segmented as tobacco, food and industrial grade. By the product type, it is further segmented as Plasticizer, Solvent, and Humectant. By application, it is also classified as pharmaceutical, food additives, cosmetics, metal processing, plasticisers and others. Chewing gum is the dominant application in plasticisers segment. In the cosmetic industry, nail polish contains the use of triacetin as the plasticising agent. It helps to manufacture Cellulose Acetate; it is used to manufacture cigarette filters. Triacetin is also suitable for imparting plasticity and flow to laminating resins, particularly at low temperatures.

North America Triacetin Market Trends:

  • March 5, 2018, BASF Corporation will increase the price on Styrene-Butadiene and acrylic polymers sold to the construction, fibre bonding, carpet and related industries in North America by up to $0.10 per wet pound due to price hike in raw materials and logistics costs.
  • Feb 9, 2018, BASF plans to expand production capacity for Alkyl Polyglucosides at sites in Jinshan, China, and Cincinnati, Ohio, USA

 North America Triacetin Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market

Major key players are as follows.

  • Eastman Chemical Company
  • Lanxess AG
  • BASF SE
  • Polynt Group
  • Daicel Corporation
  • KLK OLEO

 

and logistics costs. Feb

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North America Triacetin Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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