Glyceryl triacetate is the trimester of glycerol and acetic acid and is also known as a triglyceride. Triacetoxypropane is most commonly known as triacetin and glycerin triacetate. It is one of the artificial chemical compounds which is commonly used as a food additive, for instance as a solvent in flavorings and for its humectant function. Triacetin is also a component of casting liquor with TG and as an excipient in pharmaceutical products where it is used as a humectant, a plasticizer, and as a solvent. It is a synthetic compound that produces a clear, combustible, and oily liquid with a bitter taste which is used as a food additive.
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The applications of Glyceryl triacetate in the food sector are done in the following industries baked goods, beverages, chewing gum, confectionery, dairy desserts, hard candy. In non-food industries, it is widely being used in solvent, fixative, perfumes, printing inks, (non-absorbent surfaces), plasticizer. Its high solvency power and low volatility make triacetate a good solvent and fixative for many flavors and fragrances. The other applications of Glyceryl triacetate are Plasticizer applied to the cigarette filter, flavor and essence fixative and lubricate in cosmetics, Excipient in pharmaceutical products as a humectant, a plasticizer and a solvent, fuel additive as an antiknock agent which can reduce engine knocking in gasoline, Fuel additive to improve cold flow and viscosity properties of biodiesel. The production process of Glyceryl triacetate is it is produced from a multi-stage reaction involving glycerin, acetic acid, and acetic anhydride as raw material.
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Market Overview of Glyceryl Triacetate
- Globally, the market of Glyceryl triacetate was valued at USD 255.6 million in the year 2018 and is anticipates to reach USD 362.1 million by the year 2026 at a CAGR of 4.4 %. Glyceryl triacetate is also known as Triacetin, it is a trimester of glycerol and acetic acid. It is an artificial chemical compound used in the varied application that includes the tobacco industry, food additives, pharmaceutical products, fuel additive, humectant, and plasticizer and as a solvent. The demand for this product is most likely to be affected due to the raw material price variation on unstable costs. These raw materials include Ethyl Acetate, Glycerol, Amyl Acetate, Acetic Acid Glacial, and Dehydrolyzing Agent. In recent years, FDA has approved the usage of triacetin in the food industry as a flavoring agent and adjuvant and has been listed on the FDA generally regarded as safe list.
- Some of the excellent properties of triacetin are its compatibility with natural and synthetic rubber and resistance to light, which have increased its demand from the chemical industry too. Due to the recent FDA approval to be used as food additives and even its high demand for plasticizer and humectant so there is an expansion of food and pharmaceutical sectors. The increasing use of triacetin in tobacco, food and beverages, cosmetics, pharmaceuticals, and other industries is driving the growth of the Triacetin/Glycerol Triacetate market across the globe.
- The market of triacetin is one of the fastest-growing at a CAGR of 6% in the Asia Pacific due to the growing population and increased demand for triacetin for use in different end-use industries. Continuous R & D activities and high investments in the pharmaceutical and cosmetic sectors by different governments and leading market players for the development of new products are also driving the growth of the triacetin market in the Asia Pacific region.
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Conclusion
“Glyceryl Triacetate (triacetin) – Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost & Revenue” is the project report by NPCS. Through the reliable expertise in the project consultancy and market research field, NPCS provides exhaustive information about the project, which satisfies all the requirements and has high growth potential in the markets. And through their reports NPCS aim to help you make sound and informed business decision.
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