Triethanolamine Market

Triethanolamine Market Outlook (2023 to 2033)

The global triethanolamine market is valued at US$ 1.2 billion in 2023 and is forecasted to expand at a CAGR of 5.2% to reach US$ 2 billion by the end of 2033. Sales of 99% purity grade triethanolamine are predicted to increase at 5.5% CAGR and reach a market valuation of US$ 1.1 billion by 2033-end.

Triethanolamine is also addressed as Tri (2-hydroxyethyl) amine. It is a tertiary amine, which comes with the chemical formula C6H15NO3. Aqueous ammonia and ethylene oxide react to produce ethanolamine, diethanolamine, and triethanolamine as products. Triethanolamine is a viscous chemical compound and has an ammonia-like odor.

Triethanolamine is widely employed as a surfactant to make emulsifiers by combining oil- and water-soluble components. Household cleansers, body lotions, detergents, dishwashing, liquid laundry cleansers, sunscreen lotions, and shaving foam are popular applications of triethanolamine. Further, triethanolamine neutralizes fatty acids and balances the pH. It solubilizes oil and some other substances, which are partially soluble in water.

As an additive, triethanolamine is employed in cement as a clinker. It is also applied in the manufacturing of inks, paints, metallurgical fluids, varnishes, and hand sanitizers. Growth opportunities in the global market are due to the rising use of triethanolamine in the personal care sector owing to its unique properties.

Triethanolamine is used at a noteworthy rate as an emulsifying agent and additive in a wide variety of cosmetic formulations. The increasing demand for skincare and cosmetic products around the world is forecasted to boost sales of triethanolamine in the coming years.

In recent years, there is an increase in the use of triethanolamine in the building sector where it is used as an additive and is helpful to prevent coating and agglomeration of the powder applied at the surface of mill walls and balls. The use of triethanolamine speeds up the process of grinding. In the coming years, the rising number of new construction projects for industrial purposes is anticipated to bolster sales of triethanolamine around the world.

On the flip side, easy availability of alternate products, which come with similar properties is predicted to reduce sales of triethanolamine in the coming 10 years. Alternatives, including di-ethanolamine and mono-ethanolamine, particularly are expected to restrain demand for triethanolamine. These abovementioned products are sub-products of ethanolamine and come with almost the same composition.

The recently published research report by Fact.MR, a provider of market research and competitive intelligence, provides a thorough analysis of the target industry. Key trends, regional analysis, new developments, etc. are offered in this report.

Report Attributes	Details
Triethanolamine Market Size (2023)	US$ 1.2 Billion
Forecasted Market Value (2033)	US$ 2 Billion
Global Market Growth Rate (2023 to 2033)	5.2% CAGR
United States Market Growth Rate (2023 to 2033)	5.5% CAGR
Market Share of Manufacturing Sector (2033)	50%
Forecasted Value of Personal Care & Cosmetics Sector (2033)	654.1 Million
99% Triethanolamine Demand Growth Rate (2923 to 2033)	5.5%
Key Companies Profiled	BASF Nouryon Huntsman Corporation Nippon Shokubai SABIC INEOS Oxide Jiahua Chemicals Inc. Sintez OKA Group of Companies Oriental Union Chemical Corporation The Dow Chemical Company PCC Group San Fu Chemical Co Ltd.

Which Factors are Widening the Horizon for Triethanolamine Manufacturers?

“Flourishing Cosmetics Industry Propelling Demand for Triethanolamine”

Triethanolamine is utilized significantly as one of the noteworthy ingredients in the cosmetics industry. Manufacturing and consumption of triethanolamine are entirely dependent on cosmetics production. Triethanolamine is helpful to neutralize ingredients, which can otherwise increase the acidity of any product. Higher acidity among cosmetic products is estimated to cause irritation to the skin.

• L’Oreal S.A., in 2019, in its annually published report mentioned that the cosmetics market was driven primarily due to increased consumption of cosmetic products and rising disposable income of people, which contributed to their increased spending capacity on lifestyle products.

Rising investments along with growing R&D activities to produce more effective and skin-friendly cosmetic products are estimated to put a significant impact on the demand for triethanolamine globally.

“Extensive Use of Triethanolamine as Emulsifier”

Triethanolamine is used as an emulsifier. Moreover, the structure of triethanolamine is consist of a hydrophobic side and a hydrophilic side. Hydrophobic triethanolamine generally binds to oil and hydrophilic triethanolamine usually binds to water. To avoid uneven texture or product splitting, triethanolamine is helpful to mix water and oil-based ingredients.

The rising use of triethanolamine as an emulsifier in cosmetics & personal care products and pharmaceutical products is anticipated to bolster its demand in the coming 10 years.

“Wide Use of Triethanolamine as Cement Additive”

Triethanolamine is also used as a chemical. It is used as a cement additive with numerous functions, including grinding aid at the time of the cement comminution procedure. The rising population of some Asian countries, including China and India is estimated to stimulate demand for homes. Therefore, a significant increase in the sales of triethanolamine is anticipated for construction purposes in the forecasted period in these countries.

What is Restraining the Sales Growth of Triethanolamine to Some Extent?

“Availability of Alternative Products Limiting Usage of Triethanolamine”

There are certain products, which are adopted as alternatives to triethanolamine due to their properties that are similar to the industry product. Alternatives, including mono-ethanolamine and di-ethanolamine, are predicted to restrict triethanolamine adoption. These products are popular as sub-products of ethanolamine and come with similar compositions, which contribute to their rising demand around the world.

Apart from di- and mono-ethanolamine, 2-amino-2methyl-1-propanol, and various other amino alcohols are used as triethanolamine replacements. Grease removal, alkalinity at low pH, and corrosion protection are some popular applications of these replacement products and therefore contributing to their increased sales.

Which Market Trends are being Closely Followed by New Companies?

“New Development – Decoding Future of Triethanolamine”

The Cosmetic Ingredient Review Expert Panel mentioned in its report that triethanolamine should not be utilized in cosmetics in which N-nitroso compounds are formed. It can result in carcinogenic nitrosamine. There are some other studies, which believe triethanolamine is non-dangerous in nature and can be applied in cosmetics.

Market players who are planning to enter the triethanolamine landscape should invest in R&D activities to get authentic information about the above-mentioned ambiguity around the use of triethanolamine. They are also predicted to spend on new development to offer more user-friendly products without causing any issues to the respective users for a longer and shorter run.

Country-wise Insights

Which Markets are Expected to Thrive in Asia Pacific?

“Burgeoning Cosmetics Industry Boosting Demand for Triethanolamine in Japan”

Japan is experiencing high volume production as well as consumption of skincare and cosmetics products. It is one of the leading producers of cosmetics around the world, which leads to increased demand for triethanolamine as a key ingredient. The demand for triethanolamine is anticipated to expand at a CAGR of 4.2% from 2023 to 2033 and reach a value of US$ 165 million by the end of 2033 in Japan.

“South Korea Prominent Exporter of Cosmetics – Important Market for Triethanolamine”

Sales of triethanolamine are estimated to reach a value of US$ 140.6 billion by 2033-end while progressing at a CAGR of 3.8% from 2023 to 2033 in South Korea. It is one of the leading exporters of cosmetics around the world, which result in the rising production of personal care and cosmetics there. Therefore, an increase in the demand for triethanolamine is expected due to its use in cosmetics production.

Why is There Increased Demand for Triethanolamine in the United States?

“Growing Acceptance of American Cosmetics Leading to Increased Demand for Triethanolamine in Their Production”

Demand for triethanolamine in the United States market is projected to reach a valuation of US$ 517.5 million by the end of 2033 and advance at a CAGR of 5.5% during the assessment period from 2023 to 2033. Flourishing demand for premium beauty and personal care products is expected to boost the requirements for triethanolamine there.

American cosmetics brands are received very well around the world, especially across developing economies. This factor is further predicted to increase the production of personal care as well as premium cosmetics products, which is predicted to have a direct impact on the sales of triethanolamine.

Why is the United Kingdom Exhibiting High Demand for Triethanolamine?

“Ever-rising Sales of Personal Care Products in the Country”

People from the United Kingdom are inclined to use cosmetics and personal care products, which is resulting in increased production and sales there. Triethanolamine is used as one of the significant personal care ingredients, which is predicted to generate lucrative opportunities in the target market. The sales of triethanolamine are forecasted to reach a value of US$ 201.7 million by 2033-end while expanding at a CAGR of 4.5% from 2023 to 2033 in the United Kingdom.

Category-wise Insights

Why is 99% Triethanolamine Becoming Popular Around the World?

“Hygroscopic Qualities of 99% Triethanolamine Stimulating its Demand”

Based on purity level, the global market is divided into 99% triethanolamine, 98% triethanolamine, and 85% triethanolamine. Among these, demand for 99% pure triethanolamine is estimated to reach a value of US$ 1.1 billion by the end of 2033 and progress at a CAGR of 5.5% through 2033. It comes with hygroscopic qualities and is opted as an excellent ingredient in different hair products, including setting gels, sprays, shampoos, conditioners, solutions for perms, and others.

Triethanolamine is also found in crayons and eye shadows, face wash, mascara, eye creams, moisturizers, etc., which is predicted to contribute to their sales across the globe.

Which End Use Sector is Contributing to Market Growth Opportunities?

“Expanding Personal Care & Cosmetics Sector Accounts for High Consumption Triethanolamine”

Detergent manufacturing, textile finishing, personal care & cosmetics, concrete admixtures, photographic emulsions, agricultural chemicals, engineering/metal-working fluids, and rubber & PU foams are some popular industries, which are contributing to the rising demand for triethanolamine. Due to the rising global requirements for cosmetics, the demand for triethanolamine for the production of personal care and cosmetics products is increasing.

Sales of triethanolamine in the personal care & cosmetics sector are forecasted to reach a valuation of US$ 654.1 million by 2033-end and progress at a CAGR of 4.9% through 2033. Triethanolamine is used as an essential raw material, which is used for cosmetic formulations, especially utilized in combination with certain fatty acids as emulsifiers for skin cleaners, shampoos, creams, and lotions.

Burgeoning demand for facial and makeup products is anticipated to lead to rising sales of triethanolamine in the manufacturing of these products, including eye creams, facial cleaners, eye shadows and pencils, and mascaras. Moreover, it is also used in colognes, bath oils, and perfumes for pH adjusting.

Key Market Players

Key suppliers of triethanolamine are focusing to provide user-friendly and safer materials or components to attract a larger consumer base of trustworthy people and increase brand loyalty. Prominent market players are estimated to adopt advanced manufacturing techniques to maintain product standards and quality control. The management of supply chain systems is also one of the pivotal factors, which is predicted to impact market growth opportunities.

Key players in the triethanolamine market include BASF, Nouryon, Huntsman Corporation, Nippon Shokubai, SABIC, INEOS Oxide, Jiahua Chemicals Inc., Sintez OKA Group of Companies, Oriental Union Chemical Corporation, The Dow Chemical Company, PCC Group, and San Fu Chemical Co Ltd. These players are involved in various strategies to expand their footprints across the globe.

Segmentation of Triethanolamine Industry Research

• By Purity Level :

  • 99% Triethanolamine
  • 98% Triethanolamine
  • 85% Triethanolamine

• By Grade :

  • Research Purposes
  • Commercial Purposes

• By Function :

  • Additives
  • Intermediates
  • Surfactants
  • Corrosion Inhibitors
  • Neutralizers
  • Softening Agents
  • Others

• By Application :

  • Detergent Manufacturing
  • Personal Care & Cosmetics
  • Textile Finishing
  • Concrete Admixtures
  • Agricultural Chemicals
  • Photographic Emulsions
  • Engineering/Metal-working Fluids
  • Rubber & PU Foams

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa