
Prakhar Panchbhaiya
Assistant Manager: Business Insights and Content
Supporting procurement teams with category intelligence, market research, price trends, supply-demand analysis, and strategic sourcing insights across key industries.
Asia
In the first quarter of 2024, the triacetin market experienced fluctuations largely driven by trends in its primary feedstock, glycerine. In Asia, particularly China, triacetin prices initially rose due to higher glycerine prices but stabilized as palm oil prices rebounded. However, the weak downstream demand and fluctuating condition of market drivers limited support for further price increases.
Additionally, cautious purchasing behavior and the depreciating Chinese Yuan against the US dollar reflected low consumer confidence. The trading challenges, including disruptions from Houthi attacks and issues with the Panama Canal, further hampered triacetin export rates from Asia, affecting the overall pricing pattern of triacetin.
Europe
In Europe, the triacetin market saw a significant downturn, leading to extreme measures by the trading community. Seasonal demand fluctuations in key importing regions, such as Indonesia, Malaysia, and Thailand, resulted in a surplus of glycerine and subsequent price reductions in the triacetin market.
Increased production levels and a sudden drop in domestic demand created an oversupply situation. Additionally, declining palm oil and soybean prices, along with subdued market transactions ahead of the Spring Festival, further contributed to the price decline. The traders also noted reduced profit margins from export volumes as downstream industries turned to domestic markets amid rising freight charges and shipment delays, impacting the triacetin price trend.
North America
In North America, abundant glycerine supplies limited the price growth of triacetin despite a reduction in the US biodiesel production capacity. Continued robust biodiesel production in Indonesia and its influx into the American markets countered the reduction in domestic biodiesel production.
The popularity of US glycerine in the Asian market declined as these markets struggled to destock existing inventories, significantly reducing export rates. Rising costs of feedstock chemicals and crude oil added further pressure on trading and manufacturing sectors, depreciating the overall momentum of the North American triacetin price trend.
Analyst Insight
According to Procurement Resource, the price of Triacetin is expected to bear the consequences of changes in its feedstock market momentum along with oscillations in consumer confidence.
Procurement Resource provides latest prices of Triacetin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
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Triacetin, also known as glyceryl triacetate, is a clear, oily liquid with a mild, pleasant odor. It is a triglyceride formed from glycerol and acetic acid. Triacetin is valued for its versatility and stability, making it useful across various industries. It acts as a plasticizer, enhancing the flexibility and durability of plastics and synthetic rubbers. In the food and pharmaceutical sectors, it serves as a solvent and excipient. Additionally, triacetin is used as a fixative in perfumes and as an emollient in cosmetics. It is also employed to stabilize and maintain moisture in tobacco products.
C9H14O6
Food Industry, Plastics and synthetic rubbers, Pharmaceuticals, Cosmetics
Daicel Corporation, Eastan Chemical Company, Jiangsu Lemon Chemical & Technology Co. Ltd., WeylChem Group, Celanese Corporation, Muby Chemicals
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Assistant Manager: Business Insights and Content
Supporting procurement teams with category intelligence, market research, price trends, supply-demand analysis, and strategic sourcing insights across key industries.
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