Triethanolamine Price Chart, Historical and Forecast Analysis | Procurement Resource
Author : Christeen Johnson | Published On : 16 Jan 2024
During the initial quarter of 2023, the Asia triethanolamine market witnessed a decline in prices attributed to inadequate support from raw materials and a decrease in demand from downstream industries. However, in the subsequent months, there was a recovery driven by heightened demand, particularly from the cosmetics and automotive sectors. Product availability was slightly affected by trading delays. In Europe, an oversupply coupled with low demand from local industries led to a significant price drop in the first quarter, and weak economic conditions, along with abundant supply, continued to exert downward pressure on prices in the second quarter. Meanwhile, in North America, triethanolamine prices experienced a decline throughout the period due to subdued demand, import competition, oversupply, and economic challenges.
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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 analysis, 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.
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Industrial Uses Impacting the Triethanolamine Price Trend:
Triethanolamine finds widespread application across diverse industries owing to its versatile characteristics. In the realm of cosmetics and personal care products, it plays the roles of an emulsifier, pH adjuster, and skin-conditioning agent. Within the textile sector, it contributes to pH regulation during dyeing processes and serves as a fabric softener. In pharmaceuticals, it facilitates tablet coating and functions as a solvent for drug formulations. The metalworking industry capitalizes on its lubricating properties, while the rubber industry employs it for vulcanization. Triethanolamine's significance extends to gas treating applications and its role as an intermediate in various chemical reactions, making it indispensable in processes spanning 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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