Acetyl Tributyl Citrate (ATBC) Market Size, Share, Growth, and Industry Analysis by Type (Excellent Grade and First Grade) By Application (Children Toys, Daily Chemical & Food Package, Medical Devices & Package, and Others), Regional Forecast To 2031

Updated On: 01 April 2024

Acetyl Tributyl Citrate (ATBC) Market REPORT OVERVIEW

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Theglobal acetyl tributyl citrate (ATBC) market size was USD 109.6 million in 2021 and is projected to touch USD 9359.47 million by 2031, at a CAGR of 3.1% during the forecast period.

The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Acetyl Tributyl Citrate (ATBC) is a plasticizer that may easily replace those that the EU plans to phase out by February 2015. Actually, one of the primary uses of ATBC is the replacement of Phthalates plasticizers (Acetyl Tributyl Citrate is a Phthalate-FREE, bio-based plasticizer). It is a nontoxic, biodegradable plasticizer that is mostly used to make synthetic rubber, PVC, and cellulose resin. Toys for children, medical products including blood bags, food packaging materials, cosmetics, all key PVC compounds, and fixative inks in the flexographic industry are some of its principal applications. ATBC is the best and more affordable option in an expanding number of applications due to the market need for Phthalate-Free plasticizers and environmentally acceptable products.

ATBC is an oily liquid that is nearly colorless, odorless, and devoid of extraneous substances. It is soluble in alcohols and organic solvents but insoluble in water. ATBC is completely odorless as compared to plasticizers made of benzoates. The ATBC plasticizer is biodegradable, biobased, and is not a type of hydrogenated phthalate, in contrast to other phthalate-free plasticizers. It is well known that Acetyl Tributyl Citrate is a safe and biodegradable plasticizer with little biological consequences.

COVID-19 Impact: Supply Chain Disruption to Impede Market Progress

Due to recent events surrounding the COVID-19 pandemic, a number of governments and private sector businesses are either operating at reduced capacity or have completely ceased operations. The acetyl tributyl citrate market growth rate is influenced by innovative products, rising demand for the product, abundant raw material supply, rising disposable incomes, and changing consumption technologies. The impact of the COVID-19 virus on the expansion and development of the market is also covered. The market situation is always changing due to a variety of variables.

LATEST TRENDS

"Increasing Adoption in Various Applications to Facilitate Industry Growth"

Acetyl Tributyl Citrate (ATBC), which is permitted for use in materials that come into contact with food and can even be used as a food additive, is utilized as a biodegradable plasticizer for PVC and cellulose derivatives. Aerosol hair sprays and nail paints are only two examples of personal care/cosmetics products that use ATBC as an emollient. Additionally, ATBC can be used for lubricants, inks, and pharmaceutical coatings. The food & beverage packaging business generally uses acetyl tributyl citrate as a plasticizer. Pharmaceuticals, cosmetics & personal care, and paints & coatings are some further applications. Additionally, acetyl tributyl citrate is used to make toys, safety glasses, latex adhesive plasticizers, and lubricating oil for tinplate surface treatment.

Acetyl Tributyl Citrate (ATBC) Market Segmentation

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• By Type Analysis

As per type, the market is classified into Excellent Grade and First Grade.

• By Application Analysis

Based on application, the market is categorized into Children’s Toys, Daily Chemical & Food Packages, Medical Devices & Packages, and Others.

DRIVING FACTORS

"Increasing Demand for Toys to Facilitate Market Development"

An increase in demand for acetyl tributyl citrate in the food & beverage packaging industry is driving the global acetyl tributyl citrate market. The paints & coatings industry is driving the worldwide acetyl tributyl market demand. One of the major factors propelling the worldwide acetyl tributyl citrate market is the growth of the building industry in developing nations. Although one of the major factors restricting the global acetyl tributyl citrate market is the stringent environmental laws enforced on the use of harmful substances. Furthermore, the global market for acetyl tributyl citrate is experiencing profitable expansion due to the growing demand for toys.

"Increasing Demand from Food & Beverage Industry to Foster Industry Progress"

A rise in consumer disposable income, an increase in consumer desire for various gastronomic lifestyles, and population growth have all contributed to an increase in demand for food goods. Acetyl trisodium citrate is a common plasticizer. It is mostly employed in the production of goods like food wraps and food packing. Therefore, the global acetyl tributyl citrate market is being driven by an increase in demand from the food and beverage packaging sector.

RESTRAINING FACTORS

"Government Regulations to Hinder Market Progress "

One of the main factors limiting the worldwide acetyl tributyl citrate market is the rise in demand for bio-based chemicals due to the rise in environmental concerns and the adoption of severe environmental laws imposed on the usage of harmful ingredients in the manufacturing of paints and coatings.

Acetyl Tributyl Citrate (ATBC) Market REGIONAL INSIGHTS

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"Presence of Prominent Players to Propel Market Progress in Asia Pacific"

Asia Pacific held the largest acetyl tributyl citrate market share. Due to the extensive use of acetyl tributyl citrate in the paints and coatings sector and the substantial presence of the compound's manufacturers in the area, particularly in China and India, it is one of the most lucrative markets in the world. Asia Pacific has emerged as a major market for acetyl tributyl citrate due to the increase in demand in a number of end-use sectors, including food and beverage, plastic, paints and coatings, and pharmaceutical in China, Japan, India, Taiwan, and South Korea.

KEY INDUSTRY PLAYERS

"Incorporation of Research and Development Strategies to Improve their Brand Image"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

INDUSTRY DEVELOPMENT

• June 2020:  ZeMac copolymer technology is made available to the coating and adhesive markets by ertellus, a maker of industrial innovations with global reach. This cutting-edge technology is a perfect match for a wide range of adhesive and coating applications that demand focused performance, strict sturdiness standards, and affordability.

List of Market Players Profiled

• Jungbunzlauer (Switzerland)
• Vertellus (U.K.)
• KLJ Group (India)
• Jiangsu Lemon (China)
• Shandong Kexing Chemical (China)
• Jiangsu Licheng Chemical (China)
• Wuxi Kailai Biotechnology (China)
• Taizhou Mingguang Chemical (China)
• Yangzhou Feiyang Chemical (China)
• Nanjing Duoleng Auxiliary (Canada)
• Anhui Aitebay (China)

REPORT COVERAGE

The research begins with a summary of the global market for acetyl tributyl citrate. The executive summary contains key facts and figures about the global market. The next section of the research focuses on macroeconomic, demand, and supply drivers, restrictions, and major trends. The study includes an impact analysis of weighted average model-based growth drivers to provide clients with superior decision-making insights.