Market Overview:
The global trioctyl trioctanoate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for TOTM in various applications such as wire and cable, automobile industry, pharmaceutical industry, and others. Additionally, rising awareness about the benefits of TOTM is also propelling its demand across different regions. On the basis of type, top grade segment is anticipated to hold a dominant position in the global trioctyl trioctanoate market during 2018-2030. This can be attributed to its superior properties including high thermal stability and low volatility which make it suitable for use in various end-use industries such as automotive and pharmaceuticals among others.
Product Definition:
Trioctyl trioctanoate is a synthetic, colorless oil that is used as an additive in cosmetics, food products, and other consumer goods. It is also known as glyceryl triacetate or triacetin. Trioctyl trioctanoate helps to stabilize the appearance of products and control their odor. It also functions as a solvent and carrier for other ingredients.
Top Grade:
Top grade is a high-performance, bio-based polymer that has been the subject of intense R&D by companies such as BASF and Dow Chemicals. Top Grade has an enhanced performance over other commercially available PBT resins in terms of heat & impact resistance, flow behavior and molding characteristics. The product also offers superior surface hardness along with excellent color stability post processing which makes it suitable for use in automotive exterior applications such as bumpers, hoods & doors among others.
First Grade:
First grade is a form of distillate which is obtained from the fractional distillation of crude oil. It consists of naphthenic base oils and other impurities such as paraffins, soaps, waxes & fatty acids. The product has high demand in various end-use industries including cosmetics and personal care products owing to its excellent lubricating properties along with being an excellent raw material for manufacturing polyurethane foams & coatings.
Application Insights:
Wire and cable emerged as the leading application segment in 2017, accounting for over 60.0% share of the total volume. The product is widely used in wire and cable industry on account of its excellent insulation properties, which enhance signal transmission efficiency across various media such as copper wires, fiber optics cables and wireless communication channels. In addition, it also has superior flexibility coupled with high strength making it suitable for a wide range of applications including data communications & networking equipment manufacturing.
The automobile industry was another major application segment where the product was utilized extensively during manufacturing process owing to its superior heat resistance property along with other performance characteristics required by modern automobiles such as anti-corrosion protection against harsh environment conditions including salt water air corrosion.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness a significant growth rate of 5.6% over the forecast period. The region has been witnessing rapid expansion of end-use industries such as automotive, construction, electrical and electronics since past few years due to strong economic growth in emerging countries such as China, India, Indonesia and Malaysia. This trend is expected to continue over the next eight years with positive outlook for manufacturing vehicles at lower costs using lightweight materials like titanium or carbon fiber reinforced plastics (CFRP).
The Asia Pacific witnessed high demand for cable products owing to increasing number of power distribution lines across developing economies coupled with rising investments in infrastructure development by governments at both domestic level as well as international levels. These factors are expected drive product demand from wire and cable industry segment over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, personal care products, and pharmaceuticals.
- Rising awareness about the benefits of trioctyl trioctanoate among consumers.
- Growing investment by manufacturers in research and development to develop new applications for the product.
- Expansion of distribution channels by key players to increase reach to consumers across regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Trioctyl Trioctanoate Market Research Report
By Type
Top Grade, First Grade, Qualification Level, Other
By Application
Wire and Cable, Automobile industry, Pharmaceutical Industry, Other
By Companies
BASF, Ela Kimya, Eastman, KLJ, OXEA, Teknor, Polynt, LG Chemical, Aekyung Petrochemical, Lanxess, UPC, Wuxi Baichuan, Bluesail Chemical, Henan Qingan Chemical, Jiangsu Zhengdan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Trioctyl Trioctanoate Market Report Segments:
The global Trioctyl Trioctanoate market is segmented on the basis of:
Types
Top Grade, First Grade, Qualification Level, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wire and Cable, Automobile industry, Pharmaceutical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Ela Kimya
- Eastman
- KLJ
- OXEA
- Teknor
- Polynt
- LG Chemical
- Aekyung Petrochemical
- Lanxess
- UPC
- Wuxi Baichuan
- Bluesail Chemical
- Henan Qingan Chemical
- Jiangsu Zhengdan
Highlights of The Trioctyl Trioctanoate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Top Grade
- First Grade
- Qualification Level
- Other
- By Application:
- Wire and Cable
- Automobile industry
- Pharmaceutical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trioctyl Trioctanoate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trioctyl Trioctanoate is a chemical compound with the formula C8H10O5. It is a colorless liquid that has a strong odor of octanoic acid. Trioctyl Trioctanoate is used as an additive in fragrances and cosmetics to give them a characteristic smell.
Some of the major players in the trioctyl trioctanoate market are BASF, Ela Kimya, Eastman, KLJ, OXEA, Teknor, Polynt, LG Chemical, Aekyung Petrochemical, Lanxess, UPC, Wuxi Baichuan, Bluesail Chemical, Henan Qingan Chemical, Jiangsu Zhengdan.
The trioctyl trioctanoate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trioctyl Trioctanoate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Trioctyl Trioctanoate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Trioctyl Trioctanoate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Trioctyl Trioctanoate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Trioctyl Trioctanoate Market Size & Forecast, 2020-2028 4.5.1 Trioctyl Trioctanoate Market Size and Y-o-Y Growth 4.5.2 Trioctyl Trioctanoate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Top Grade
5.2.2 First Grade
5.2.3 Qualification Level
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Wire and Cable
6.2.2 Automobile industry
6.2.3 Pharmaceutical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trioctyl Trioctanoate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trioctyl Trioctanoate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Top Grade
9.6.2 First Grade
9.6.3 Qualification Level
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Wire and Cable
9.10.2 Automobile industry
9.10.3 Pharmaceutical Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Top Grade
10.6.2 First Grade
10.6.3 Qualification Level
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Wire and Cable
10.10.2 Automobile industry
10.10.3 Pharmaceutical Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Top Grade
11.6.2 First Grade
11.6.3 Qualification Level
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Wire and Cable
11.10.2 Automobile industry
11.10.3 Pharmaceutical Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Top Grade
12.6.2 First Grade
12.6.3 Qualification Level
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Wire and Cable
12.10.2 Automobile industry
12.10.3 Pharmaceutical Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Top Grade
13.6.2 First Grade
13.6.3 Qualification Level
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Wire and Cable
13.10.2 Automobile industry
13.10.3 Pharmaceutical Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trioctyl Trioctanoate Market: Competitive Dashboard
14.2 Global Trioctyl Trioctanoate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Ela Kimya
14.3.3 Eastman
14.3.4 KLJ
14.3.5 OXEA
14.3.6 Teknor
14.3.7 Polynt
14.3.8 LG Chemical
14.3.9 Aekyung Petrochemical
14.3.10 Lanxess
14.3.11 UPC
14.3.12 Wuxi Baichuan
14.3.13 Bluesail Chemical
14.3.14 Henan Qingan Chemical
14.3.15 Jiangsu Zhengdan