Acetyl Tributyl Citrate: Introduction
- Acetyl tributyl citrate is an organic colorless compound. It is insoluble in water and soluble in alcohols and organic solvents. It is compatible with all the monomeric plasticizers of PVC compounding.
- Acetyl tributyl citrate is an odorless oily liquid that has herbal and sweet taste. The compound is a plasticizer, which can be used in cellulose resins, polyvinyl chloride, and plasticizers synthetic rubber.
- Acetyl tributyl citrate is primarily used as plasticizer in the food & beverage packaging industry. Other applications include pharmaceuticals, cosmetics & personal care, and paints and coatings.
- Acetyl tributyl citrate is also used in manufacture of toys and safety glasses, plasticizer of latex adhesives, and lubricating oil for surface treatment of tinplate
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Key Drivers and Restraints of Acetyl Tributyl Citrate Market
- Growth in population, rise in disposable income of consumers, and increase in preference of diverse culinary lifestyles have contributed to the rise in demand for food products. Acetyl tribute citrate is widely used as a plasticizer. It is primarily used in the manufacture of products such as food wraps and food packaging. Thus, increase in demand for acetyl tributyl citrate in the food & beverage packaging industry is driving the global acetyl tributyl citrate market.
- Rapid urbanization has led to the growth of the construction industry. This offers lucrative opportunities for the acetyl tributyl citrate market. Acetyl tributyl citrate is employed in the formulation of pigments that are used as important ingredients in the production of paints, ink, coatings, etc. The paints & coatings industry has been expanding significantly since the last few years due to the increase in investment in residential and commercial construction. Thus, expansion of the construction industry in developing economies is one of the key factors likely to drive the acetyl tributyl citrate market in the near future.
COVID-19 Impact on Acetyl Tributyl Citrate Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, and other reasons. This is expected to hamper the acetyl tributyl citrate market in the near future.
Asia Pacific to Hold Leading Share of Acetyl Tributyl Citrate Market
- Asia Pacific dominated the global acetyl tributyl citrate market in 2020. It is one of the highly lucrative regions of the global market due to the vast utilization of acetyl tributyl citrate in the paints & coatings industry and strong presence of manufacturers of the compound in the region, especially in China and India. Rise in demand for acetyl tributyl citrate in several end-use industries such as food & beverages, plastic, paints & coatings, and pharmaceutical in China, Japan, India Taiwan, and South Korea and has made Asia Pacific a key region of the global acetyl tributyl citrate market.
- Demand for acetyl tributyl citrate is high in the paints & coatings industry in India and ASEAN, owing to vast residential and commercial construction sectors
- Europe also holds key share of the acetyl tributyl citrate market. The acetyl tributyl citrate market in Europe is driven by growth of pharmaceutical and personal care & cosmetics industries in the region.
Key Manufacturers Operating in Acetyl Tributyl Citrate Market
The acetyl tributyl citrate market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the acetyl tributyl citrate market include:
- KLJ Group
- Nanjing Duoleng Auxiliary
- Mitsubishi Chemical Corporation
- Vertellus LLC
- Hefei TNJ Chemical Industry Co Ltd
- ASAHI KASEI
- Dongying Wei Aien Chemical Co
- Taizhou Mingguang Chemical
- Anhui Aitebay
- Shandong Kexing Chemical Co Ltd
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