H1 2023: In H1 2023, the leading players in the global Triethanolamine (TEA) market were Dow Chemical Company, BASF SE, and INEOS Group. Based on Triethanolamine production, Dow Chemical Company was leading all across the globe in H1 2023. In February 2023, Sadara Chemical, one of the leading chemical producers of Saudi Arabia, declared a force majeure of Triethanolamine. This lasted the entire month of February. However, North America, one the biggest consumers of Triethanolamine, witnessed a fall in the Triethanolamine prices from January 2023. The major driver of the fall in the prices across the region was due to a fall in the raw material (ethylene oxide and ammonia) prices which are used in the production of triethanolamine. There was a steady supply of the TEA from domestic producers and cheap imports from the international market which influenced the prices in the US market. Similarly, in the Chinese market, the TEA prices went downhill in January 2023 due to low demand for the commodity and a slight reduction in ammonia prices. In March 2023, an unexpected increase in demand from the end-user industry made the Chinese TEA market bullish as the Taiwanese TEA manufacturer, OUCC's factory was temporarily shut for reconstruction purposes.
The global Triethanolamine (TEA) market stood at approximately 750 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 5.17% during the forecast period until 2030.
Triethanolamine also known as Tri(2-hydroxyethyl)amine, is a tertiary amine with chemical formula C6H15NO3. It is a viscous chemical compound with ammonia-like odor. Ethylene oxide and aqueous ammonia react to produce triethanolamine, ethanolamine, and diethanolamine as products. Triethanolamine is commonly employed as a surfactant for making emulsifier by combining water- and oil-soluble components. Its applications include shaving foam, sunscreen lotions, liquid laundry cleansers, dishwashing detergents, body lotions, and household cleansers. Triethanolamine balances the pH, neutralizes fatty acids, and solubilizes oils and other substances that are only partly soluble in water. Furthermore, it is employed as an additive in cement as a clinker. Its other applications include manufacturing sanitizers, varnishes, metallurgical fluids, paints, and inks.
The global Triethanolamine market industry primarily driven by its application in the personal care industry unique properties. Triethanolamine is a commonly used additive and emulsifying agent in wide a range of cosmetic product formulations. The rising demand of cosmetics and skincare products is anticipated to propel the demand Triethanolamine in the forthcoming years. Moreover, there is heavy usage of Triethanolamine for the building sector where it finds its application as an additive which prevents agglomeration and coating of the powder at the surface of the balls and mill wall, thus speeds up the grinding process. In coming years, new construction projects for industrial purposes are expected to further fuel the Triethanolamine market in the upcoming years. The global Triethanolamine market is anticipated to reach approximately 1100 thousand tonnes by 2030.
Based on grade, the Triethanolamine market is segregated into Commercial 85% grade and 99% pure grade. Among these, the 99% pure grade is leading the market. This grade is a weak base with hygroscopic qualities. It is an excellent choice for an alkali agent in hair products including shampoos, conditioners, sprays, solutions for perms, setting gels, and more because it. It can be found in eye shadows and crayons, mascara, face wash, and eye creams and moisturizers in cosmetics and skincare goods. For pH maintenance, it is also used in colognes, fragrances, and bath oils.
The region with the biggest demand for Triethanolamine worldwide is North American region and held a market share of around 31% of the world's Triethanolamine market in the year 2022. Triethanolamine is facing a rising market demand, particularly for its application as a corrosion inhibitor for aircraft coolants and automotive antifreeze solutions in the region. Moreover, Asia Pacific is holding the second position in terms of consumption. Due to rapid urbanization and growth in per capita income, the demand of personal care items is anticipated to rise in countries like India and China, resulting in Triethanolamine market to expand by 2030. Furthermore, USA is also the leading producer of Triethanolamine with Texas and Louisiana as the key players.
Based on the end-user industry, the Triethanolamine market is segmented into Personal Care, Concrete Admixture, Metal Treatment, Paints & Coating, Agrochemicals, Textile, Leather, and Others. Among these, Personal Care industry is dominating the Triethanolamine market followed by the Metal Treatment sector. Personal Care industry accounted roughly 21% of the share of total Triethanolamine demand in 2022. In items like hair products, perfumes, hair dyes, and other face creams, among others, TEA as a surfactant not only forms emulsions by combining water- and oil-soluble substances well, but also controls their pH level, which is vital for the stability of the product.
Significant companies for Global Triethanolamine market are Dow Chemical Company, BASF SE, Indorama Ventures Oxides, INEOS Group, Oriental Union Chemical Corp’s (OUCC), PTT Global Chemical, BASF-YPC Company Limited, Saudi Kayan Petrochemical, SABIC, Petronas Chemicals, Sadara Chemical, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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The objective of the Study:
• To assess the demand-supply scenario of Triethanolamine, which covers the production, demand, and supply of Triethanolamine around the globe.
• To analyze and forecast the market size of Triethanolamine.
• To classify and forecast the Global Triethanolamine market based on end-use and regional distribution.
• To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Triethanolamine market.
To extract data for the Global Triethanolamine market, primary research surveys were conducted with Triethanolamine manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Triethanolamine market over the coming years.
ChemAnalyst calculated Triethanolamine demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Triethanolamine across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Triethanolamine manufacturers and other stakeholders
• Organizations, forums and alliances related to Triethanolamine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Triethanolamine manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Triethanolamine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
750 thousand tonnes
Market size Volume by 2030
1100 thousand tonnes
Growth Rate
CAGR of 5.17% from 2023 to 2030
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Personal Care, Concrete Admixture, Metal Treatment, Paints & Coating, Agrochemicals, Textile, Leather, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Triethanolamine market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Triethanolamine.
3. Capacity By Location
To better understand the regional supply of Triethanolamine by analyzing its manufacturers' location-based capacity.
4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
5. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
6. Production By Company [Quarterly Update]
Study the historical annual production of Triethanolamine by the leading players and forecast how it will grow in the coming years.
7. Demand by Grade
Learn about the various grades of Triethanolamine - Commercial 85% grade and 99% pure grade, and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
8. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Personal Care, Concrete Admixture, Metal Treatment, Paints & Coating, Agrochemicals, Textile, Leather, and Others) are creating a market and the forecast for the growth of the Triethanolamine market.
9. Demand by Region
Analyzing the change in demand of Triethanolamine in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
10. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Triethanolamine. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
11. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Triethanolamine.
12. Company Share
Figure out what proportion of the market share of Triethanolamine is currently held by leading players across the globe.
13. Country-wise Export
Get details about quantity of Triethanolamine exported by major countries.
14. Country-wise Import
Get details about quantity of Triethanolamine imported by major countries.
15. Manufacturing Process
Discover insights into the intricate manufacturing process of Triethanolamine.
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with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the global market size of Triethanolamine in terms of volume for 2022?
Ans:
The global market size of Triethanolamine was approximately 750 thousand tonnes in 2022, and it is expected to soar with a CAGR of 5.17% in the forecast period.
Q2.
What are the major end-use industries of Triethanolamine?
Ans:
Triethanolamine is used in a wide range of end use industries Personal Care, Concrete Admixture, Metal Treatment, Paints & Coating, Agrochemicals, Textile, Leather, and Others.
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