Triethanolamine (TEA) Prices

Triethanolamine (TEA) Prices September 2024

The triethanolamine (TEA) prices in the United States for Q3 2024 reached 545 USD/MT in September. The region saw a price increase, fueled by stable demand and narrowed supply. The rising manufacturing costs and limited inventory availability facilitated the price elevation. However, prices decreased toward the closing of the quarter, signaling a shift in the market sentiment.

The price trend for triethanolamine (TEA) in China for Q3 2024 settled at 740 USD/MT in September. The market faced disruptions in Q3 2024, as production resumed but struggled with supply chain challenges due to adverse weather conditions. The construction sector experienced slow recovery, further dampening demand. Overall, the market remained under pressure, with prices fluctuating as supply and demand dynamics shifted.

In Germany, the triethanolamine (TEA) prices for Q3 2024 reached 715 USD/MT in September. The market reflected broader European trends, experiencing a decline in prices due to weak downstream demand. The construction sector's downturn and competitive pricing strategies created a bearish market environment. Economic pressures, including energy cost increases, further exacerbated the pricing challenges in the region.

In Brazil, the triethanolamine (TEA) prices for Q3 2024 reached 720 USD/MT in September.

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.

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

Q3 2024:

During the third quarter of 2024, the European triethanolamine market actively experienced a negative price trend, principally because of the magnifying costs of energy, faint requirement in the construction sector, and a surplus situation. The construction industry intensely witnessed substantial complications, highlighting in an intense fall in activities and a significant contraction in new orders. In addition to this, France, particularly, faced the most extensive price fluctuations, with prices reducing notably as a consequence of competitive pricing tactics and frail market landscape. Overall, the market was exhibited by an ongoing downward trajectory, heavily impacted by industry-specific as well as economic strains.

Q2 2024:

During the second quarter of 2024, the European market for triethanolamine faced a notable upward trajectory for prices, chiefly propelled by factors mainly encompassing elevated shipping expenditure, amplified cost of production, and rising prices for crude oil. Supply chain challenges, also enveloping flooding and adverse weather, further aggravated the situation. Germany experienced the most substantial price movements, as strained manufacturing rates and shutdowns at key facilities added pressure. With a combination of strong demand and limited supply, the market saw steady price increases, reinforcing a positive sentiment. The overall trend indicated sustained upward pressure throughout the quarter, with logistical challenges continuing to impact prices.

Q1 2024:

Europe’s triethanolamine market faced upward price movement in Q1 2024, mainly due to tight supply and disruptions in logistics and production. Factors such as shipping delays, the Red Sea crisis, and multiple production shutdowns contributed to the constrained supply. Additionally, the prolonged Force Majeure at prduction plat of BASF worsened the inventory situation. Despite a moderate demand recovery in the construction sector, supply constraints and logistical hurdles led to increased purchasing activity. These conditions caused price fluctuations, culminating in an overall increase, marking a challenging yet upward pricing trend for the quarter.

Q4 2023:

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

Q3 2024:

In the third quarter of 2024, North America's triethanolamine market experienced a notable price increase, driven by stable demand from the construction industry, restricted supplies, and rising production costs. Despite the steady price climb, the market showed some fluctuation toward the quarter's end, with a slight decrease in the latter half. In the U.S., while supplies were adequate, the stable inventory levels and consistent feedstock costs had little effect on the upward price trend. The market sentiment remained steady overall, reflecting a balance between stable demand and ongoing supply constraints.

Q2 2024:

Throughout the second quarter of 2024, the North American triethanolamine prices saw a significant increase due to several key factors. Limited inventories, production constraints, and disruptions caused by natural disasters, such as hurricanes, led to supply chain issues. Additionally, rising crude oil prices and force majeure events further strained the market. The demand for export remained robust, exacerbating domestic supply shortages and contributing to the price surge. Despite challenges, the market experienced a sustained upward trend, driven by high demand and constrained supply, reinforcing a bullish pricing environment through the quarter.

Q1 2024:

The triethanolamine market in North America saw a significant upward shift in Q1 2024, driven by tight supply conditions. Disruptions caused by a force majeure announced by Dow Chemicals, coupled with severe weather and production challenges, exacerbated the market’s strain. As supply levels remained low, inventory issues persisted in the U.S., leading to price hikes. Additionally, increased production costs and a surge in export demand further tightened the market. These factors, combined with a reduction in inventory, created an environment of rising prices, with market participants adjusting to supply shortages and logistical challenges.

Q4 2023:

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

Q3 2024:

In the MEA region during the third quarter of 2024, the triethanolamine market saw a decline in prices, driven by weakened demand and stable supply levels. High inventory stocks coupled with the stable price of Ethylene Oxide created a challenging environment for market players. Saudi Arabia experienced stagnant pricing, with little to no variation noted over the course of the quarter. A noticeable drop in prices occurred in the latter part of the quarter, reflecting the overall negative dynamics in the market. The region's outlook remained cautious, with ongoing concerns over market dynamics and demand conditions.

Q2 2024:

In the MEA region, triethanolamine prices surged during Q2 2024, influenced by rising crude oil prices, geopolitical tensions, and logistical challenges. These factors led to supply chain constraints, including container shortages and higher freight costs, tightening the market. Demand from the construction sector, combined with reduced production and inventory levels, further fueled the upward price momentum. Saudi Arabia, in particular, experienced the most significant fluctuations, reflecting the overall bullish market sentiment. The combination of strong demand and supply-side limitations drove prices higher, with a positive outlook dominating the region throughout the quarter.

Q1 2024:

In the Middle East Asia (MEA) region, triethanolamine prices saw mixed performance in Q1 2024, with supply-side factors driving up prices. A price rise in upstream crude oil and lowered production due to maintenance at key facilities led to tighter market conditions. In Saudi Arabia, the maintenance turnaround at SABIC’s Al Jubail plant and the extension of OPEC+ production cuts contributed to supply constraints. Additionally, the increase in crude oil prices further impacted production costs, which were passed on to the TEA market. Despite mixed demand, these supply pressures resulted in overall price increases, reflecting a challenging yet positive

Q4 2023:

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

Q3 2024:

Asia Pacific 's triethanolamine market witnessed mixed conditions in the third quarter of 2024, with a general decline in prices due to oversupply. Increased production activity by key manufacturers put pressure on market prices, while demand remained modest. The construction industry faced challenges, including weather disruptions and a slow industry recovery. Despite some relief from lower crude oil prices, regional supply chain issues worsened, especially in China, where port operations were hindered by extreme weather. Overall, prices fluctuated as supply pressures and weak demand shaped the market landscape.

Q2 2024:

The triethanolamine market in Asia Pacific saw upward price movement during Q2 2024, largely due to reduced product availability, lower production rates, and increased logistical challenges. Export inquiries surged, while container shortages and high rates of ocean freight further constrained supply chains. Additionally, rising crude oil prices contributed to production cost pressures. Demand remained solid, especially in the construction industry, where ongoing infrastructure projects drove consumption. South Korea, in particular, saw the most significant price fluctuations, with the market reflecting a positive sentiment as demand continued to outstrip supply, fueling price increases.

Q1 2024:

In the APAC region, triethanolamine prices rose during Q1 2024 due to limited supply and increased production costs. Several manufacturers reduced their output, and the market grappled with logistical challenges like high freight rates and container shortages, straining supply chains. As feedstock prices increased, production costs were further amplified. Despite these challenges, demand remained moderate, with some regional sectors like construction showing steady interest. However, with the advancement of the Spring Festival, procurement activities slowed. The supply tightening and rising costs resulted in price increases, indicating a market gradually stabilizing amid ongoing pressure.

Q4 2023:

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.

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

IMARC’s newly published report, titled “Triethanolamine (TEA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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.

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.