Triethyl citrate synthesized by the process of esterification which involves reacting citric acid with ethyl alcohol. Natural substances like wine and cherries have Trirthyl citrate present in them which is an ester of citric acid. A latest invention is directed to a series of citrate ester emulsifiers. Acetyl triethyl citrate appears to be to polar for polyvinyl chloride. These factors support in making regular emulsions and invert emulsions. Worldwide, progress of efficient and advanced technological trends, accelerating demand from industrial and automotive industry, and advantageous properties of triethyl citrate are the factors having a major effect on the growth 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 share. It also finds it application in pharmaceuticals, tablets coatings and food preservation. However, stringent environmental regulations regarding triethyl citrate, volatility of raw material price 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.
After Triethyl Citrate Market Analysis it is confirmed that geographically, Europe dominated the triethyl citrate market, followed by North America because of increasing demand for lubricants and polymer modifiers in this region. Report also states after Triethyl Citrate Market Analysis that, the factors hampering the growth would be environmental regulations and import issues 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 Triethyl Citrate Market Report identifies market trends and current market share. The report also offers its market size, value and price for the years 2015-2018, along with its market for the forecast period of the same till the year 2023. It also highlights through acute analysis the market drivers, restraints, growth indicators, challenges, and forecasts 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 on the basis of application such as:
- Plasticizers, Food Additive, Supplement Coatings, 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 Triethyl Citrate Market Report profiles and identifies all the major companies operating in the market and maintaining its value chain. 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