Triethanolamine (TEA) Price Trend

Triethanolamine (TEA) Prices December 2023

The price of triethanolamine (TEA) in the USA for Q4 2023 reached 1,047 USD/MT and experienced upward momentum during this quarter. This trend can be attributed to high demand of the product from the construction, automotive, and personal care industries.

In China, the price of TEA showcased downward trend and reached 1,129 USD/MT in December 2023. Due to weak demand of the product in the country and ample availability of the stock, the prices declined.

During the fourth quarter of 2023, the price of TEA in Belgium witnessed several challenges and reached 947 USD/MT. As BASF’s ethylene oxide plant in Belgium underwent maintenance, the availability of the raw material was negatively impacted.

Triethanolamine (TEA) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Triethanolamine (TEA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of triethanolamine (TEA) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of triethanolamine (TEA) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of triethanolamine (TEA) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing triethanolamine (TEA) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Triethanolamine (TEA) Market Analysis

The global triethanolamine (TEA) market size reached 788.8 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 1,241.6 Thousand Tons, at a projected CAGR of 5.20% during 2023-2032.

• Cosmetics and personal care industry is one of the largest users of TEA, as products like shampoos, lotions, and conditioners are manufactured with the help of this product. Such products, therefore, obtain an even texture and stability as a result of the presence of pH balancers and emulsifiers such as TEA. In some way, the hefty investment made by people on cosmetics and personal care products, indirectly, as well as eventually adds to the increasing demand for TEA in the market.
• It is very important to improve the grinding efficiency of cement and concrete admixtures, and this underscores the value of TEA in the construction industry. Infrastructure development in developing nations is driving the demand for TEA. High rates of urbanization and increased attention by governing agencies around the world to upgrade old infrastructure contribute to a positive influence on the market.
• According to the IMARC Group’s report, the global textile market reached US$ 1,027.0 Billion in 2023. The thriving textile industry is catalyzing the demand for TEA as a lubricant, dispersing agent, and in dyeing process. There is a high requirement to enhance textile manufacturing techniques, coupled with premium fabrics, which further stimulate its usage.
• The TEA demand is further amplified by its utilization in the agriculture industry to manufacture herbicides and pesticides. In recent years, demand for TEA has also increased with these recent growth trends towards sustainable farming and advanced farming techniques.
• As per the European Federation of Pharmaceutical Industries and Associations’ key data 2023 provided in ‘The Pharmaceutical Industry in Figures’, the world pharmaceutical market reached $1,287,736 million in 2022 at ex-factory prices. It finds important applications in the pharmaceutical industry, which uses it for the synthesis of variably different pharmaceuticals and medicinal creams as a buffering agent. The use of TEA is important concerning the stabilization and the assurance of pharmaceutical formulation stability.
• TEA production is showing an upward trajectory owing to improvements in the synthesis and production processes of TEA. To ensure bulk production of the product, the adoption of advanced technologies is crucial.

Triethanolamine (TEA) News

The report covers the latest developments, updates, and trends impacting the global triethanolamine (TEA) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in triethanolamine (TEA) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the triethanolamine (TEA) price trend.

Latest developments in the triethanolamine (TEA) industry:

• In 2024, Dow announced a capacity expansion from its minority equity investment in SAS Chemicals GmbH, a German-based specialty chemical producer of sealants and components used in insulating glass manufacturing, to create a more holistic facade offering.
• In 2024, BASF SE invested in the expansion of its advanced additives plant at its Nanjing site to strengthen its local production footprint in China.

Product Description

TEA is categorized as ethanolamines, and it is an organic compound with this formula C₆H₁₅NO₃. In other explanations, it is defined as a viscous and colorless fluid with a characteristic slight odor like ammonia. It has got the major influential cross-activity due to the presence of three hydroxyl and one amine group in amendments, either in the reaction steps or in the formulation’s steps.

It is applied as an additive in the cosmetics and personal care industry to improve texture and consistency in personal care products including shampoos, conditioners, lotions, and creams. It is also efficient in detergents and cleaning agents for use on dirt, grease, and stains because of its attributes of disintegrating and emulsifying them.

Beyond these applications, it is highly preferable in several industries as a surfactant, corrosion inhibitor, and a neutralizing agent.

Regional Coverage

The report provides a detailed analysis of the triethanolamine (TEA) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the triethanolamine (TEA) price trend. 

Global Triethanolamine (TEA) Price

The report offers a holistic view of the global triethanolamine (TEA) pricing trends in the form of triethanolamine (TEA) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of triethanolamine (TEA) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed triethanolamine (TEA) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Triethanolamine (TEA) Price

During the fourth quarter of 2023, the price of TEA experienced challenging phase in Europe. Firstly, a supply shortage of Triethanolamine caused by plant shutdowns, and maintenance turnarounds. More importantly, the sign of a force majeure was declared with BASF's plant in Ludwigshafen, Germany, and supply of Triethanolamine is expected to be significantly reduced.

In Europe, the price trend of Triethanolamine increased in the first quarter of 2024. Low levels of inventory in the region caused limited supplies of Triethanolamine and pushed the buying interest. This is basically because logistic issues and production delays have continued to restrict supplies.

This analysis can be extended to include detailed triethanolamine (TEA) price information for a comprehensive list of countries.

North America Triethanolamine (TEA) Price

In the North America region, the price trend for TEA witnessed upward sentiment. Moderate supply and high raw material prices continued to raise the production cost. In the USA, prices for triethanolamine have seen a decent hike as LyondellBasell is to divest their Ethylene oxide and Derivatives business, including the Bayport facility, for 700 million dollars, to INEOS Oxide.

Triethanolamine market witnessed uptick trend in the quarter ending in March 2024 with supplies remaining tight across its North American region. Furthermore, the triethanolamine markets in the US were set to spike higher in March 2024 amid supply disruptions. One of the major supply disruptions observed in the US along with spiking prices and continued Force Majeure status by Dow Chemicals catalyzed the situation of triethanolamine impacting the inventory level in the USA.

Specific triethanolamine (TEA) historical data within the United States and Canada can also be provided.

Middle East and Africa Triethanolamine (TEA) Price

In the last quarter of 2023, several drivers pushed prices in the triethanolamine markets in the MEA region. Market conditions continued to be bullish, backed by sustained demand from the construction sector, with solid activities surfacing in the non-oil sector. The huge demand and increasing input costs, especially in the downstream construction sector, made prices of triethanolamines go through the ceiling in the first half of the quarter.

Triethanolamine (TEA) prices across the MEA region posted an increase in Q1 2024. Analysis revealed that the rally in TEA prices across the Middle East was substantiated by some significant supply-related factors that were seen to be dovetailing with the soaring upstream crude oil prices and lower production rates that were seen during the quarter.

In addition to region-wise data, information on triethanolamine (TEA) prices for countries can also be provided.

Asia Pacific Triethanolamine (TEA) Price

Prices for triethanolamine in the APAC region were low during the fourth quarter of 2023 because of weak demand in the region and ample stock availability. The market was bullish due to high levels of supply in the market and moderate domestic and international inquiries. Downward pressure pricing for TEA was reported during the quarter in countries like India, China, and Malaysia, amidst destocking sentiments across Asia during the December 2023 period.

In the APAC region, prices for triethanolamine have been up through Q1 2024, with price levels suffering from cost-push factors that have to do with supplies being constricted in the market, the stocking situation has improved somewhat, and manufacturers maintain high production costs, bringing regional supplies into a tilted market with inflated pricing. Chinese domestic TEA prices rose in January 2024, supported by constrained supplies and an elevated cost of inflow for the regional supplies.

This triethanolamine (TEA) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Triethanolamine (TEA) Price

The analysis of triethanolamine (TEA) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of triethanolamine (TEA) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting triethanolamine (TEA) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The  triethanolamine (TEA) price charts ensure our clients remain at the forefront of the industry.