The Triethanolamine Price Index in Asia saw a decline in the first quarter of 2023, attributed to inadequate feedstock support and decreased demand from downstream industries. However, subsequent months witnessed a resurgence, fueled by heightened demand, particularly from the cosmetics and automotive sectors. Minor trading delays affected product availability marginally.
In Europe, the Triethanolamine Price Index plummeted steeply in Q1 due to surplus supply and minimal domestic demand. This trend persisted into Q2, with economic downturns and abundant supply further suppressing prices.
Meanwhile, in North America, the Triethanolamine Price Index experienced a continuous fall throughout the period, driven by 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 chart, 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.
Industrial Uses Impacting the Triethanolamine Price Trend:
Triethanolamine’s multifaceted properties render it indispensable across diverse industries. In cosmetics and personal care, it serves as an emulsifier, pH adjuster, and skin-conditioning agent. Textile applications rely on it for pH regulation during dyeing and fabric softening. Pharmaceutical formulations utilize it for tablet coating and as a solvent. The metalworking sector benefits from its lubricating characteristics, while the rubber industry employs it for vulcanization. Additionally, its role in gas treating and as an intermediate in chemical reactions extends its utility from cement production to adhesive manufacturing 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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