Triethyl citrate synthesized by reacting citric acid
with ethyl alcohol i.e. esterification. Triethyl citrate is an ester of citric acid that is also present naturally in wine and cherries. Globally, development of efficient and advanced technology, rising demand from industrial sector, flourishing automotive industry, and advantageous properties of triethyl citrate are the prime growth drivers of the triethyl citrate market. In addition, increase in adoption of triethyl citrate for application in newer industrial vertical, and emerging economies such as China, India and others, will create new opportunities for the triethyl citrate market. However, stringent environmental regulations regarding triethyl citrate, volatile prices and availability of raw materials, availability of substitute compounds, and higher cost of triethyl citrate when compared to conventional chemicals are the key restraints for the triethyl citrate market.
Geographically, Europe dominated the triethyl citrate market, followed by North America because of increasing demand for lubricants and polymer modifiers in this region. However, environmental regulations and import issues are expected to hamper the growth in this region. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing automobile industry, rise in industrial sector, and growing healthcare applications in developing nations such as China, and India in this region. Among all the applications, plasticizers segment has the highest market share in the triethyl citrate market due to a spur in automotive industry.
This report identifies the triethyl citrate market
size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the triethyl citrate market.
This report segments the triethyl citrate market on the basis of application, and regional market as follows:
- The report has focused study on triethyl citrate market by basis of application such as: Plasticizers, Food Additive, Lubricants, Plastics, Pharmaceutical Coatings, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the triethyl citrate market. Some of the major companies’ profiles in detail are as follows:
- Hangzhou Trylead Chemical Technology
- Debye Scientific Co., Ltd
- A&J Pharmtech Co., LTD.
- RennoTech Co., Ltd.
- Finetech Industry Limited