Triethanolamine (TEA) Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Triethanolamine (TEA) Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23181
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Triethanolamine (TEA) Prices December 2023

Category Region Price
Triethanolamine (TEA) Specialty Chemical USA 1047 USD/MT
Triethanolamine (TEA) Specialty Chemical China 1129 USD/MT
Triethanolamine (TEA) Specialty Chemical Belgium 947 USD/MT

The price of triethanolamine (TEA) in the USA for Q4 2023 reached 1047 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 triethanolamine (TEA) showcased downward trend and reached 1129 USD/MT. 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 triethanolamine (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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends 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) Price Trend

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 1241.6 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 shape the industry landscape.

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 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 price trends. 

Global Triethanolamine (TEA) Price

The report offers a holistic view of the global triethanolamine (TEA) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

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.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European 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 data on triethanolamine (TEA) prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

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.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

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 analysis can be further extended to include detailed triethanolamine (TEA) prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

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.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name Triethanolamine (TEA)
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
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  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

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 volatility, 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, ensuring they remain at the forefront of the triethanolamine (TEA) industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Triethanolamine (TEA) Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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