The Global Glyceryl Tribenzoate (GTB) Market was valued at USD 134.5 Million in 2024 and is projected to reach USD 178.9 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2024–2030). This steady expansion stems from increasing demand across plasticizer applications, specialty coatings, and advanced chemical formulations in various industrial sectors.
As manufacturers prioritize high-performance plasticizers and reactive diluents, GTB continues to gain traction as a versatile specialty chemical compound. Here we examine the Top 10 Companies in the Glyceryl Tribenzoate Industry—market leaders driving production innovation and application development worldwide.
🔟 1. FEIYANG GROUP
Headquarters: Shandong, China
Key Offering: High-Purity GTB for Industrial Applications
FEIYANG GROUP maintains a dominant position in GTB manufacturing with vertically integrated production facilities. The company supplies technical-grade and food-contact GTB to global markets, with particular strength in Asian plasticizer markets.
Market Position:
- Annual production capacity exceeding 3,500 metric tons
- Strategic partnerships with major polymer manufacturers
- 35% market share in Asian GTB sector
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9️⃣ 2. Synose
Headquarters: Jiangsu, China
Key Offering: Multi-Grade GTB Solutions
Synose operates advanced chemical synthesis facilities with certifications for both industrial and food-contact applications. The company maintains ISO 9001 quality systems and supplies GTB to coating formulators globally.
Market Position:
- Dual production lines for different purity grades
- 15% year-over-year capacity expansion since 2023
- Strong distribution network across ASEAN markets
8️⃣ 3. Perstorp
Headquarters: Malmö, Sweden
Key Offering: European GTB Supply
Perstorp delivers GTB formulations meeting stringent REACH and EU chemical regulations. The company focuses on high-value applications requiring superior stability and performance characteristics.
Market Position:
- Primary GTB supplier to EU polymer industry
- Proprietary purification technologies
- 40% revenue from specialty applications
7️⃣ 4. Scichemy
Headquarters: Changzhou, China
Key Offering: Cost-Competitive GTB
Scichemy combines large-scale production with competitive pricing, serving price-sensitive markets. The company maintains rigorous quality control while focusing on efficiency improvements.
Market Position:
- Top-volume producer in China domestic market
- 600 MT/month output capacity
- Expanding export operations to Middle East and Africa
6️⃣ 5. Jialong Biological
Headquarters: Shandong, China
Key Offering: Pharmaceutical-Grade GTB
Jialong Biological specializes in ultra-high purity GTB formulations for sensitive applications including medical devices and food packaging.
Market Position:
- GMP-certified production lines
- FDA-compliant formulations available
- 30% higher purity grades than industrial standards
5️⃣ 6. Velsicol Chemical
Headquarters: Rosemont, Illinois, USA
Key Offering: North American GTB Supply
Velsicol Chemical serves as a principal GTB source for US and Canadian markets, focusing on polymer modification and coating applications.
Market Position:
- Strategic logistics centers throughout North America
- Technical support teams for formulation optimization
- Long-term contracts with major adhesive producers
Download FREE Sample Report: Glyceryl Tribenzoate (GTB) Market – View in Detailed Research Report
4️⃣ 7. Hangzhou FandaChemical
Headquarters: Zhejiang, China
Key Offering: Industrial GTB Solutions
Hangzhou FandaChemical provides reliable GTB supply to bulk industrial users, balancing quality and volume production.
Market Position:
- 450 MT monthly shipment capacity
- Favorable pricing for contract customers
- Established presence in South American markets
3️⃣ 8. Hebei Yime New Material Technology
Headquarters: Hebei, China
Key Offering: Custom GTB Formulations
This emerging specialist focuses on application-specific GTB variations, offering tailored solutions for niche market segments.
Market Position:
- Rapid prototyping capabilities
- Chemical modification expertise
- Focus on high-growth specialty applications
2️⃣ 9. Shandong Chuangying Chemical
Headquarters: Shandong, China
Key Offering: General-Purpose GTB
Shandong Chuangying Chemical provides economical GTB solutions for mainstream industrial applications, with steadily increasing export volumes.
Market Position:
- Cost leadership in domestic Chinese market
- 400 MT/month production capacity
- Growing presence in Southeast Asia
1️⃣ 10. Ningbo Xiangkun Chemical
Headquarters: Zhejiang, China
Key Offering: Export-Focused GTB Production
Ningbo Xiangkun Chemical maintains dedicated production lines for international markets, with particular focus on European and Latin American customers.
Market Position:
- 90% export-oriented production
- Compliance with multiple international standards
- Customs clearance expertise for chemical shipments
Get Full Report Here: Glyceryl Tribenzoate (GTB) Market – View in Detailed Research Report
🌍 Market Outlook: GTB Applications Diversify Across Industries
The Glyceryl Tribenzoate sector continues evolving beyond traditional plasticizer uses into high-value specialty applications. Market dynamics reflect both established industrial demand and emerging opportunities in regulated sectors.
📈 Key Market Drivers:
- 20% annual growth in food-contact compliant formulations
- Expanding use in medical device polymers
- Increased adoption in high-performance coatings
- Stringent environmental regulations favoring GTB alternatives
🔬 Technical Developments:
- New purification methods enabling ultra-high purity grades
- Enhanced stability formulations for extreme conditions
- Custom modifications for specialized polymer systems
Get Full Report Here: Glyceryl Tribenzoate (GTB) Market – View in Detailed Research Report
The companies profiled represent the vanguard of GTB technology and market development—their innovations continue shaping this essential specialty chemical’s expanding role across global industries.
