According to ChemAnalyst report, “Global Triethanolamine Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-Use, Grade, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”. Global Triethanolamine market witnessed a strong demand in the past years and is anticipated to achieve a healthy CAGR of 5.07% during the forecast period owing to its wide range applications in various areas due to its usage as a surfactant, stabilizing agent, and wetting agent.
Triethanolamine is a tertiary amine with chemical formula C6H15NO3. It is a viscous in nature with an ammonia-like odor. Ethylene oxide and aqueous ammonia react to produce triethanolamine, ethanolamine, and diethanolamine as products. Triethanolamine is commonly employed as a surfactant for making emulsifier by combining water- and oil-soluble components. It is employed to manufacture shaving foam, sunscreen lotions, liquid laundry cleansers, dishwashing detergents, body lotions, and household cleansers. Triethanolamine balances the pH, neutralizes fatty acids, and solubilizes oils and other substances that are only partly soluble in water. It also aids in dehairing in the leather industry. Furthermore, it is employed as an additive in cement as a clinker. Its other applications include manufacturing sanitizers, varnishes, metallurgical fluids, paints, and inks.
During the projected period, rising demand for detergents along and the metal sector is anticipated to dominate the Triethanolamine Market. Its usage in the construction in industry for manufacturing adhesives, cement, detergents, gas treatment, metalworking fluids, rubber, surfactants, textile additives, and urethane foams, is anticipated to propel the market in the forthcoming years. Additionally, the utilization of triethanolamine in items including shampoos, mild bar cleansers, and sunscreen creams is anticipated to further propel the demand in the forecast period till 2030.
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The global Triethanolamine market is segmented based on end-use, sales channel, and region. The major end use industries of the chemical compound based on its applications are Personal Care, Concrete Admixture, Metal Treatment, Paints & Coating, Agrochemicals, Textile, Leather, and Others. Among these industries, Personal Care industry is dominating the global Triethanolamine market and is anticipated to dominate the global Triethanolamine market in the forthcoming years.
Region wise, North America holds the maximum demand share of the Triethanolamine market. North American region held a market share of around 30% of the world’s Triethanolamine market in the year 2021. Triethanolamine is facing a rising demand, particularly for its application as a corrosion inhibitor for aircraft coolants and automotive antifreeze solutions in the region. Moreover, Asia Pacific is holding the second position in terms of consumption. Furthermore, USA is also the leading producer of Triethanolamine with Texas and Louisiana as the key players.
According to ChemAnalyst report, “Global Triethanolamine Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-Use, Grade, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, Major players for Triethanolamine globally are Dow Chemical Company, BASF SE, Indorama Ventures Oxides, INEOS Group, Oriental Union Chemical Corp’s (OUCC), PTT Global Chemical, BASF-YPC Company Limited, Saudi Kayan Petrochemical (SABIC), Petronas Chemicals, and Sadara Chemical.
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“Being widely used in the Personal Care, Concrete Admixture, Metal Treatment, Paints & Coating, Agrochemicals, and Textile which are continuously expanding due to growing population and rapid industrialization, the demand for Triethanolamine is consequently increasing globally. Growing demand of Triethanolamine due to its usage as an emulsifying agent drives its application to manufacture personal care products like shampoos, creams, and detergents. Additionally, in Asia Pacific region, the rise in per capita income and demand for creams and cosmetic products is expected to swell up the demand of Triethanolamine market in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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