In the first quarter of 2023, the triethanolamine market in Asia experienced a dip in prices due to weak feedstock support and reduced demand from downstream industries. Subsequent months saw an upswing driven by improved demand, especially from cosmetics and automotive sectors. Delays in trading slightly affected product availability. In Europe, excessive supply and low demand from domestic industries caused a steep price decline in Q1, with weak economic conditions and abundant supply further suppressing prices in Q2. In North America, muted demand, import competition, oversupply, and economic challenges contributed to a fall in triethanolamine prices throughout the period.
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Definition
Triethanolamine is a viscous liquid with unique properties. It possesses both amine and alcohol functionalities, making it versatile. It’s soluble in water and various organic solvents, aiding in formulations. Triethanolamine is a pH adjuster, buffering agent, and emulsifier, enhancing stability in products. It finds use in cosmetics, textiles, and pharmaceuticals due to its ability to soften skin and adjust pH. Its reactivity allows it to participate in various chemical reactions, making it a valuable compound in diverse industrial applications.
Key Details About the Triethanolamine Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Triethanolamine in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Triethanolamine Price chart, including India Triethanolamine price, USA Triethanolamine price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Triethanolamine Price Trend:
Triethanolamine is widely utilized across industries due to its versatile properties. In cosmetics and personal care products, it serves as an emulsifier, pH adjuster, and skin-conditioning agent. Its role in textiles involves pH control during dyeing and fabric softening. In the pharmaceutical field, it aids in tablet coating and as a solvent for drug formulations. The metalworking industry benefits from its lubricating properties, while the rubber industry employs it for vulcanization. Triethanolamine’s use in gas treating and its function as an intermediate in various chemical reactions make it essential in processes ranging from cement production to adhesives and beyond.
Key Players:
- BASF SE
- Ineos
- Dow
- Hubei Xian Lin Chemical Co Ltd
- Nippon Shokubai Co Ltd
- SABIC
- Fushun Beifang Chemical Co Ltd
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