Ⅰ. Introduction

Triacetin, with the chemical formula C9H14O6, is a colorless or light yellow liquid, mainly used in the synthesis of ester chemical products and as a raw material for skin antibacterial preparations in the pharmaceutical field. Its preparation method is the reaction of glycerol and acetic acid. Related research has optimized the detection process through gas chromatography-mass spectrometry (GC-MS). With the expansion of the application of glycerol raw materials, the types of chemical products synthesized based on triacetin have increased.

Ⅱ. Market Situation in the Past

In the past, the triacetin industry market was still stable. Its uses were mostly concentrated in specific fields, such as pharmaceuticals, fragrances and other industries. At that time, demand growth was relatively slow, but there were also stable consumer groups. The number of market participants was limited, and the quality of triacetin produced by each factory was not very different. Therefore, price fluctuations are also small, and although there is competition in the industry, it has not yet reached a fierce level.

Looking at the supply and demand at that time, the supply side, and the production scale of various factories were all in step, and there was no appearance of major ups and downs. Due to limited technology dissemination, although the production processes of each factory are different, the overall difference is still controllable. On the demand side, the pharmacy uses it as a solvent, and the fragrance industry uses it to increase fragrance and protect fragrance. Although the demand has not increased significantly, it still exists stably, supporting the basic operation of the triacetin industry.

III. Current Market Status

Today, the triacetin industry market has shown many changes. The market scale has expanded significantly compared with the past, and new application fields continue to emerge. In addition to the traditional pharmaceutical and fragrance industries, paints, inks and other industries have gradually included them in the list of raw materials. This change has led to a rapid increase in demand, and various manufacturers have also expanded their production capacity to meet the market.

At the supply level, many new factories have ventured into the production of triacetin. The dissemination and innovation of technology have optimized the production process and greatly improved the production efficiency. However, as a result, the market competition has become increasingly fierce. In order to compete for market share, factories have applied various means in terms of quality, price, and service. In terms of quality, we strive to strive for excellence to meet the strict requirements of high-end customers. In terms of price, we compete with each other, and there are drops and rises. In terms of service, we pay more attention to pre-sales, sales and after-sales services to win the favor of customers.

At the level of demand, consumers are increasingly demanding the quality of triacetin. The strengthening of environmental awareness makes customers more inclined to green and environmentally friendly products. And due to the expansion of application fields, different industries also have different needs for the characteristics of triacetin. For example, the coating industry requires it to have good solubility and stability, and the ink industry pays attention to its drying speed and color maintenance.

Ⅳ. Market changes

There are many reasons. First and foremost, the progress of science and technology. New synthesis technologies and purification processes continue to emerge, which reduce the production cost of triacetin, improve the quality, and then open up new application fields.

Furthermore, economic development and industry expansion are also key factors. With the development of the global economy, the scale of the pharmaceutical, fragrance, paint, ink and other industries continues to expand, and the demand for triacetin is naturally increasing.

The impact of policies and regulations cannot be underestimated. The stricter environmental protection policies have prompted various industries to seek more environmentally friendly raw materials. Triacetin has been able to occupy a more favorable position in the market due to its relatively environmentally friendly characteristics.

Ⅴ. Changes in the competition landscape

In the past, the competition landscape was relatively simple, with a few large factories dominating, and small enterprises could also get a share. However, with the addition of new factories, the competition landscape has become increasingly complex. Large factories rely on their scale and technological advantages to consolidate their market position, and continue to make efforts in R & D and production efficiency improvement. Small enterprises take a different approach, focusing on market segments with flexible business strategies, or seeking breakthroughs in price.

Under this pattern, brand effect is increasingly important. Well-known brands are more likely to win customer trust and have an advantage in market competition due to their long-term accumulation of word-of-mouth and quality assurance.

VI. Prospects for Future Trends

In the future, the triacetin industry may continue to grow. With the continuous progress of science and technology, new application fields may be expanded, and demand is expected to further increase. However, competition will also become more intense, and factories need to continue to innovate and improve product quality and service levels in order to gain a foothold in the market.

Environmental protection requirements will surely become more stringent, which poses higher challenges to the production of triacetin. Factories need to follow the trend, develop more environmentally friendly production processes, and produce green products to meet market demand and policies and regulations.

To sum up, the triacetin industry market is in a period of change, with opportunities and challenges coexisting. Hongdong Chemical should also take into account the situation and actively respond to it in order to seek long-term development.