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The global GTB market size was valued at US$ 134.5 million in 2024 and is projected to reach US$ 178.9 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
The United States GTB market size was valued at US$ 38.9 million in 2024 and is projected to reach US$ 50.4 million by 2030, at a CAGR of 4.4% during the forecast period 2024-2030.
Glyceryl Tribenzoate is a chemical compound used in plasticizers and specialty applications.
The global market is growing steadily, driven by plasticizer applications and specialty chemical demands. In 2023, production volume reached 6,000 metric tons globally, with plastics industry accounting for 60% of consumption. The market saw a 18% increase in food-contact grade adoption in 2023. Technical grade dominates with a 75% market share, while food-contact grade is growing at 5% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 5.2% CAGR. The industry is focusing on developing new applications, with a 22% growth in R&D investments for market diversification.
Report Overview Glyceryl Tribenzoate (GTB) is a chemical compound used as a plasticizer, crosslinking agent, and reactive diluent in various applications, including coatings, adhesives, and resins. This report provides a deep insight into the global Glyceryl Tribenzoate (GTB) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Glyceryl Tribenzoate (GTB) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Glyceryl Tribenzoate (GTB) market in any manner. Global Glyceryl Tribenzoate (GTB) Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company FEIYANG GROUP Synose Perstorp Scichemy Jialong Biological Velsicol Chemical Market Segmentation (by Type) 0.99 Other Market Segmentation (by Application) Plasticizer Ink Adhesive Other Geographic Segmentation