In the first quarter of 2023, the triethanolamine market in Asia initially faced price declines due to weak feedstock support and reduced downstream industry demand, with subsequent months witnessing a recovery driven by increased demand from the cosmetics and automotive sectors, albeit with some trading delays. In Europe, Q1 saw a sharp price drop due to excessive supply and low domestic demand, while Q2 was marked by ongoing price suppression due to weak economic conditions and abundant supply. North America experienced a continuous decrease in triethanolamine prices over the period due to muted demand, import competition, oversupply, and economic challenges.
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Triethanolamine is a versatile viscous liquid, featuring both amine and alcohol characteristics, and it exhibits solubility in water and various organic solvents, making it invaluable for formulating products. This compound serves as a pH adjuster, buffering agent, and emulsifier, improving product stability and finding applications in cosmetics, textiles, and pharmaceuticals by softening skin and adjusting pH levels. Its reactivity also enables its involvement in numerous chemical reactions, rendering it a valuable component in a wide range of industrial uses.
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 trend, 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, with its versatile properties, finds widespread application across diverse industries. In cosmetics and personal care products, it acts as an emulsifier, pH adjuster, and skin-conditioning agent. Its importance extends to textiles for pH control during dyeing and fabric softening, while the pharmaceutical sector utilizes it in tablet coating and as a solvent for drug formulations. The metalworking industry benefits from its lubricating qualities, and the rubber industry employs it for vulcanization. Furthermore, its role in gas treating and its function as an intermediate in various chemical reactions make it indispensable in processes ranging from cement production to adhesives and more.
- BASF SE
- Hubei Xian Lin Chemical Co Ltd
- Nippon Shokubai Co Ltd
- Fushun Beifang Chemical Co Ltd
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