Global Triacetin Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at
CAGR of 4.21% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision makers to prepare the outline
for short term and long term strategies for companies by region.
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Major drivers of the global Triacetin Market are increasing the adoption of triacetin from various end-
use industries like tobacco, food, and pharmaceutical. Use of triacetin in the chemical industry, as its
compatibility with natural and synthetic rubber, and resistance to light all these factors play an
important role in growth of the target market over the forecast period. Furthermore, increasing R&D
investment for new and cost-effective cosmetic products with no side-effects, also anticipated to boost
demand for triacetin and propel the growth of the target market over the forecast period.
Increasing demand for triacetin in gasoline and biodiesel to reduce the engine knocking, also to improve
the cold and viscosity properties, which has concluded lucrative opportunity for players operating in the
global Triacetin Market in the next coming years.
On the basis of the end-use industries segment, the tobacco industry segment is estimated to hold the
largest market share during the forecast period, in terms of value. The growing consumption of
cigarettes, globally, has fueled the demand for triacetin in the tobacco industry. Food & beverage is the
second-largest end-use industry segment of the global Triacetin Market . Increasing spending on eating
out and growing consumption of food products has driven the demand for