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During the early part of 2023, Asia's triethanolamine market faced a price drop owing to inadequate raw material backing and decreased demand from related industries. However, the succeeding months witnessed a resurgence propelled by heightened demand, particularly from cosmetics and automotive sectors. Trading delays marginally impacted product availability. Meanwhile, Europe grappled with excessive supply and diminished local demand, leading to a significant price decline in the first quarter. This trend continued into the second quarter due to weak economic conditions and surplus stockpiles. Conversely, in North America, subdued demand, import pressures, surplus inventory, and economic hurdles collectively resulted in a continuous decline in triethanolamine prices throughout the period.
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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 trends, 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 boasts versatile qualities that make it a staple in numerous industries. In cosmetics and personal care, it multitasks as an emulsifier, pH balancer, and skin enhancer. Its applications extend to textiles for regulating pH during dyeing and softening fabrics. In pharmaceuticals, it aids in tablet coating and serves as a solvent for drug formulations. Additionally, it provides lubrication in metalworking and contributes to vulcanization in the rubber industry. Its involvement spans across various chemical reactions, serving as an intermediary and playing crucial roles in gas treating, cement production, adhesives, 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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