Global Triethyl Citrate (TEC) Market 2023

Description
Triethyl citrate (TEC, C12H20O7) is a chemical compound that serves as a triester of ethyl alcohol and citric acid. It is a colorless and odorless liquid substance that finds wide application across various industries. Primarily, it is commonly utilized in the food, pharmaceutical, plastics, and cosmetics sectors.

In the food industry, triethyl citrate is extensively used as a whipping agent in dried egg whites. Its addition enhances the stability and texture of food products. Moreover, it holds the status of an approved food additive and is deemed safe for food contact. Triethyl citrate is often employed as a carrier for flavors due to its excellent solubility properties. Within the cosmetics industry, triethyl citrate serves multiple purposes. It is widely utilized by perfumers as a solvent, diluent, and fixative in fragrance formulations. Additionally, it has been identified as an active agent in deodorants. Its unique ability to inhibit the enzymatic decomposition of sweat components makes it effective in reducing body odor. Furthermore, triethyl citrate acts as a non-toxic plasticizer and humectant for cigarettes. Its inclusion in cigarette manufacturing helps maintain the desired moisture content, enhances the taste, and ensures a smooth smoking experience.

According to the latest market study results, the global triethyl citrate market is predicted to be growing at a CAGR of over 4.6% from 2023 to 2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global triethyl citrate market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

Market Segmentation
Grade: food grade, pharmaceutical grade, technical grade
Application: cosmetics and personal care, food and beverages, pharmaceuticals, plasticizers, others
Region: Asia-Pacific, Europe, North America, RoW (Rest of World)

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the grade, application, and region. The global market for triethyl citrate can be segmented by grade: food grade, pharmaceutical grade, technical grade. The food grade segment held the largest share of the global triethyl citrate market in 2022 and is anticipated to hold its share during the forecast period. Triethyl citrate market is further segmented by application: cosmetics and personal care, food and beverages, pharmaceuticals, plasticizers, others. Globally, the food and beverages segment made up the largest share of the triethyl citrate market. Based on region, the triethyl citrate market is segmented into: Asia-Pacific, Europe, North America, RoW (Rest of World). Asia-Pacific was the largest contributor to the global triethyl citrate market in 2022.

Major Companies and Competitive Landscape
The report also provides a detailed analysis of several leading triethyl citrate market vendors that include BASF SE, China BBCA Group Corp., Fuso Chemical Co., Ltd., Indo-Nippon Chemical Co., Ltd., Jiangsu Leimeng New Matl. Co., Ltd., Jiangsu Licheng Chemical Co., Ltd., Jungbunzlauer Suisse AG, Lanxess AG, Maharashtra Aldehydes & Chemicals Ltd. (MACL), Mamta Polycoats, Nantong Feiyu Food Technology Co., Ltd., Polynt S.p.A., Shandong Kexing Chemical Co., Ltd., Sucroal S.A., Vertellus Holdings LLC/Aurorium Holdings LLC, Weifang Limin Chemical Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global triethyl citrate market.
To classify and forecast the global triethyl citrate market based on grade, application, region.
To identify drivers and challenges for the global triethyl citrate market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global triethyl citrate market.
To identify and analyze the profile of leading players operating in the global triethyl citrate market.

Why Choose This Report
Gain a reliable outlook of the global triethyl citrate market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.

Recent Developments
▹ Vertellus has acquired CENTAURI Technologies, a technology-driven manufacturing company based in Pasadena, Texas. As part of this acquisition, Vertellus has rebranded itself as Aurorium. The rebranding aims to position Aurorium as a strong player in the global manufacturing sector, particularly in high-growth volume end-user marketplaces within the personal care beauty product sector.