Triethanolamine (TEA) Prices

Triethanolamine (TEA) Prices December 2023

The triethanolamine (TEA) prices in the United States for Q4 2023 reached 1047 USD/MT in December. The market witnessed steady price growth, driven by rising demand from key sectors such as construction and personal care. However, market sentiment remained cautious due to supply challenges and rising raw material costs. The sale of a major production facility also influenced prices, while low business confidence in construction tempered overall market momentum.

The triethanolamine (TEA) prices in China for Q4 2023 reached 1129 USD/MT in December. The market faced downward pressure due to high supply levels and weak domestic demand. As the market remained bearish, prices declined, particularly amid year-end destocking activities. Regional production disruptions did little to offset the impact of subdued market sentiment, leading to a challenging quarter for the Chinese market.

The triethanolamine (TEA) prices in Belgium for Q4 2023 reached 947 USD/MT in December. The market experienced price hikes driven by supply shortages and rising raw material costs. Maintenance at key production facilities, including a major ethylene oxide plant, significantly constrained supply, forcing traders to adjust prices. These disruptions, combined with elevated import costs, created a challenging environment for market participants.

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 the current price but also provides insights into triethanolamine (TEA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into triethanolamine (TEA) 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

The European triethanolamine market faced a challenging Q4 in 2023, with prices impacted by supply shortages due to plant shutdowns and maintenance turnarounds. Notably, BASF’s Ludwigshafen plant in Germany faced a force majeure event, severely limiting supply. The Ethylene Oxide plant in Antwerp, Belgium, also underwent maintenance, further constraining raw material availability. These disruptions, combined with rising raw material costs, led to price hikes across the region. In response, traders adjusted prices and reduced inventory levels to manage profitability amid rising import costs. The supply constraints and rising prices triggered by BASF’s extended force majeure announcement created additional uncertainty in the European market, affecting inventory management and pricing strategies.

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

North America Triethanolamine (TEA) Price

During Q4 2023, the market witnessed steady price growth, largely fueled by demand from various industries including construction, automotive, and personal care. While supply levels were moderate, rising costs of raw materials significantly impacted production expenses, leading to a generally positive market outlook. However, low confidence in the construction sector and reduced inventory levels due to production cuts caused some price stabilization. Seasonal slowdowns and destocking efforts also pressured profitability, prompting adjustments in pricing strategies amid ongoing supply chain challenges.

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

Middle East and Africa Triethanolamine (TEA) Price

In Q4 2023, triethanolamine prices in the Middle East Asia region increased due to strong demand from the construction and non-oil sectors. Rising production costs, particularly from higher feedstock prices such as ammonia, further drove prices upward. However, market uncertainty and decreasing orders from key export markets, including Malaysia, Europe, and North America, eventually led to a reduction in foreign sales. Although prices surged initially, the non-oil sector's performance in Saudi Arabia slowed by the end of the quarter. Additionally, consistently low feedstock prices, especially for ethylene oxide and monoethanolamine, contributed to a fall in product prices towards December, impacting the overall market trend.

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

Asia Pacific Triethanolamine (TEA) Price

During Q4 2023, the Asia Pacific triethanolamine market experienced a bearish trend due to ample stock availability and sluggish regional demand. Countries such as India, China, and Malaysia witnessed declining prices as destocking activities intensified toward the end of the year. However, South Korea diverged from this trend, witnessing a significant price increase driven by expensive imports from Saudi Arabia and robust trading activities. The limited availability of cheaper alternatives further escalated domestic prices. Additionally, currency depreciation in South Korea compounded the cost of imported Triethanolamine, exacerbating inflationary pressures on manufacturers. Meanwhile, supply disruptions due to maintenance turnarounds at key production facilities in Malaysia further influenced regional pricing dynamics.

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.