The global market for Triacetin was estimated to be worth US$ 439 million in 2024 and is forecast to a readjusted size of US$ 624 million by 2031 with a CAGR of 5.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Triacetin cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Triacetin, also known as 1,2,3-triacetoxypropane or glycerol triacetate, is an organic compound with the molecular formula C9H14O6. It is a colorless, odorless, oily liquid formed by the esterification of glycerol with acetic acid, making it a triester. Triacetin is the second simplest fat after triformin. It is known for its excellent solvency properties and compatibility with various organic compounds. Triacetin is miscible with ethanol, ether, chloroform, and benzene, slightly soluble in water and carbon disulfide, but insoluble in aliphatic hydrocarbons and most natural oils.
Triacetin has a broad spectrum of industrial and consumer applications. In the food industry, it is commonly used as a food additive (E1518) where it functions as a humectant and solvent for flavorings, enhancing the stability and distribution of aromatic substances in products such as baked goods, chewing gum, and dairy products. Its safety profile has been well-established by food safety authorities, contributing to its widespread use.
In the pharmaceutical and personal care sectors, triacetin serves multiple roles. It acts as a solvent and fixative in perfumes, helping to stabilize and extend the longevity of fragrances. In cosmetics, it improves the texture and feel of formulations. Medically, triacetin functions as an external antifungal agent for the topical treatment of superficial fungal skin infections.
Furthermore, triacetin is used as a plasticizer in the production of cigarette filters, improving the flexibility and processing properties of cellulose acetate tow. In the explosives industry, it functions as a gelatinizing agent, contributing to the formation of stable gel-based explosive formulations.
Market Trends:
The global triacetin market is experiencing steady growth, driven by rising demand across diverse sectors such as food and beverages, pharmaceuticals, cosmetics, and industrial manufacturing. Increased consumer awareness of personal hygiene and cosmetic products has fueled the demand for safe and multifunctional ingredients, bolstering triacetin's market presence. Additionally, the continuous growth of the food processing industry, particularly in emerging economies, is expanding the need for food-grade additives.
In industrial applications, growing regulations for safer and more sustainable chemical additives have also favored triacetin due to its biodegradability and low toxicity. Technological advancements in production methods and expanding end-use industries are expected to further support market growth. Asia-Pacific, especially China and India, remains the largest and fastest-growing region due to rapid industrialization and rising consumer product demand.
In conclusion, triacetin is a versatile and valuable compound with well-established roles in food, pharmaceutical, cosmetic, and industrial applications. With its broad functionality and safety profile, it is poised for continued market growth in the coming years.
This report aims to provide a comprehensive presentation of the global market for Triacetin, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Triacetin by region & country, by Type, and by Application.
The Triacetin market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Triacetin.
Market Segmentation
By Company
- Eastman
- Polynt
- Daicel
- Lanxess
- BASF
- Jiangsu Ruijia Chemical
- Jiangsu Raymond New Materials
- Yunnan Yuxi Solvent Factory
- Anhui Hongyang Chemical
- Jiangsu Licheng Chemical
- Xinxiang Huayang Adhesives
- Wuxi Kailai Biotechnology
Segment by Type
- Tobacco Grade
- Industrial Grade
- Food Grade
- Others
Segment by Application
- Tobacco
- Food
- Foundry
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Triacetin manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Triacetin in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Triacetin in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Triacetin Product Introduction
- 1.2 Global Triacetin Market Size Forecast
- 1.2.1 Global Triacetin Sales Value (2020-2031)
- 1.2.2 Global Triacetin Sales Volume (2020-2031)
- 1.2.3 Global Triacetin Sales Price (2020-2031)
- 1.3 Triacetin Market Trends & Drivers
- 1.3.1 Triacetin Industry Trends
- 1.3.2 Triacetin Market Drivers & Opportunity
- 1.3.3 Triacetin Market Challenges
- 1.3.4 Triacetin Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Triacetin Players Revenue Ranking (2024)
- 2.2 Global Triacetin Revenue by Company (2020-2025)
- 2.3 Global Triacetin Players Sales Volume Ranking (2024)
- 2.4 Global Triacetin Sales Volume by Company Players (2020-2025)
- 2.5 Global Triacetin Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Triacetin Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Triacetin Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Triacetin
- 2.9 Triacetin Market Competitive Analysis
- 2.9.1 Triacetin Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Triacetin Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Triacetin as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Tobacco Grade
- 3.1.2 Industrial Grade
- 3.1.3 Food Grade
- 3.1.4 Others
- 3.2 Global Triacetin Sales Value by Type
- 3.2.1 Global Triacetin Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Triacetin Sales Value, by Type (2020-2031)
- 3.2.3 Global Triacetin Sales Value, by Type (%) (2020-2031)
- 3.3 Global Triacetin Sales Volume by Type
- 3.3.1 Global Triacetin Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Triacetin Sales Volume, by Type (2020-2031)
- 3.3.3 Global Triacetin Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Triacetin Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Tobacco
- 4.1.2 Food
- 4.1.3 Foundry
- 4.1.4 Others
- 4.2 Global Triacetin Sales Value by Application
- 4.2.1 Global Triacetin Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Triacetin Sales Value, by Application (2020-2031)
- 4.2.3 Global Triacetin Sales Value, by Application (%) (2020-2031)
- 4.3 Global Triacetin Sales Volume by Application
- 4.3.1 Global Triacetin Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Triacetin Sales Volume, by Application (2020-2031)
- 4.3.3 Global Triacetin Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Triacetin Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Triacetin Sales Value by Region
- 5.1.1 Global Triacetin Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Triacetin Sales Value by Region (2020-2025)
- 5.1.3 Global Triacetin Sales Value by Region (2026-2031)
- 5.1.4 Global Triacetin Sales Value by Region (%), (2020-2031)
- 5.2 Global Triacetin Sales Volume by Region
- 5.2.1 Global Triacetin Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Triacetin Sales Volume by Region (2020-2025)
- 5.2.3 Global Triacetin Sales Volume by Region (2026-2031)
- 5.2.4 Global Triacetin Sales Volume by Region (%), (2020-2031)
- 5.3 Global Triacetin Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Triacetin Sales Value, 2020-2031
- 5.4.2 North America Triacetin Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Triacetin Sales Value, 2020-2031
- 5.5.2 Europe Triacetin Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Triacetin Sales Value, 2020-2031
- 5.6.2 Asia Pacific Triacetin Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Triacetin Sales Value, 2020-2031
- 5.7.2 South America Triacetin Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Triacetin Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Triacetin Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Triacetin Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Triacetin Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Triacetin Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Triacetin Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Triacetin Sales Value, 2020-2031
- 6.3.2 United States Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Triacetin Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Triacetin Sales Value, 2020-2031
- 6.4.2 Europe Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Triacetin Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Triacetin Sales Value, 2020-2031
- 6.5.2 China Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Triacetin Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Triacetin Sales Value, 2020-2031
- 6.6.2 Japan Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Triacetin Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Triacetin Sales Value, 2020-2031
- 6.7.2 South Korea Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Triacetin Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Triacetin Sales Value, 2020-2031
- 6.8.2 Southeast Asia Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Triacetin Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Triacetin Sales Value, 2020-2031
- 6.9.2 India Triacetin Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Triacetin Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Eastman
- 7.1.1 Eastman Company Information
- 7.1.2 Eastman Introduction and Business Overview
- 7.1.3 Eastman Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Eastman Triacetin Product Offerings
- 7.1.5 Eastman Recent Development
- 7.2 Polynt
- 7.2.1 Polynt Company Information
- 7.2.2 Polynt Introduction and Business Overview
- 7.2.3 Polynt Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Polynt Triacetin Product Offerings
- 7.2.5 Polynt Recent Development
- 7.3 Daicel
- 7.3.1 Daicel Company Information
- 7.3.2 Daicel Introduction and Business Overview
- 7.3.3 Daicel Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Daicel Triacetin Product Offerings
- 7.3.5 Daicel Recent Development
- 7.4 Lanxess
- 7.4.1 Lanxess Company Information
- 7.4.2 Lanxess Introduction and Business Overview
- 7.4.3 Lanxess Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Lanxess Triacetin Product Offerings
- 7.4.5 Lanxess Recent Development
- 7.5 BASF
- 7.5.1 BASF Company Information
- 7.5.2 BASF Introduction and Business Overview
- 7.5.3 BASF Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 BASF Triacetin Product Offerings
- 7.5.5 BASF Recent Development
- 7.6 Jiangsu Ruijia Chemical
- 7.6.1 Jiangsu Ruijia Chemical Company Information
- 7.6.2 Jiangsu Ruijia Chemical Introduction and Business Overview
- 7.6.3 Jiangsu Ruijia Chemical Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Jiangsu Ruijia Chemical Triacetin Product Offerings
- 7.6.5 Jiangsu Ruijia Chemical Recent Development
- 7.7 Jiangsu Raymond New Materials
- 7.7.1 Jiangsu Raymond New Materials Company Information
- 7.7.2 Jiangsu Raymond New Materials Introduction and Business Overview
- 7.7.3 Jiangsu Raymond New Materials Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Jiangsu Raymond New Materials Triacetin Product Offerings
- 7.7.5 Jiangsu Raymond New Materials Recent Development
- 7.8 Yunnan Yuxi Solvent Factory
- 7.8.1 Yunnan Yuxi Solvent Factory Company Information
- 7.8.2 Yunnan Yuxi Solvent Factory Introduction and Business Overview
- 7.8.3 Yunnan Yuxi Solvent Factory Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Yunnan Yuxi Solvent Factory Triacetin Product Offerings
- 7.8.5 Yunnan Yuxi Solvent Factory Recent Development
- 7.9 Anhui Hongyang Chemical
- 7.9.1 Anhui Hongyang Chemical Company Information
- 7.9.2 Anhui Hongyang Chemical Introduction and Business Overview
- 7.9.3 Anhui Hongyang Chemical Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Anhui Hongyang Chemical Triacetin Product Offerings
- 7.9.5 Anhui Hongyang Chemical Recent Development
- 7.10 Jiangsu Licheng Chemical
- 7.10.1 Jiangsu Licheng Chemical Company Information
- 7.10.2 Jiangsu Licheng Chemical Introduction and Business Overview
- 7.10.3 Jiangsu Licheng Chemical Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Jiangsu Licheng Chemical Triacetin Product Offerings
- 7.10.5 Jiangsu Licheng Chemical Recent Development
- 7.11 Xinxiang Huayang Adhesives
- 7.11.1 Xinxiang Huayang Adhesives Company Information
- 7.11.2 Xinxiang Huayang Adhesives Introduction and Business Overview
- 7.11.3 Xinxiang Huayang Adhesives Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Xinxiang Huayang Adhesives Triacetin Product Offerings
- 7.11.5 Xinxiang Huayang Adhesives Recent Development
- 7.12 Wuxi Kailai Biotechnology
- 7.12.1 Wuxi Kailai Biotechnology Company Information
- 7.12.2 Wuxi Kailai Biotechnology Introduction and Business Overview
- 7.12.3 Wuxi Kailai Biotechnology Triacetin Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Wuxi Kailai Biotechnology Triacetin Product Offerings
- 7.12.5 Wuxi Kailai Biotechnology Recent Development
8 Industry Chain Analysis
- 8.1 Triacetin Industrial Chain
- 8.2 Triacetin Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Triacetin Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Triacetin Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer