Triethanolamine (TEOA) Market: Introduction
Triethanolamine (TEOA) is a viscous, oily organic chemical compound, which obtained from a chemical reaction between ethylene oxide and aqueous ammonia. As triethanolamine is from ethanolamine family, it is a water-soluble chemical. As both, ethylene oxide and ammonia are toxic chemicals, it makes triethanolamine a harsh chemical with ammonia-like odor. It is a colorless and thick liquid, however, its impurities can be identified when triethanolamine turns yellow. Triethanolamine shows properties of both amines and alcohols, exhibiting bifunctional nature. Triethanolamine, when used in conjunction with fatty acids, converts acid to salt, acting as a base. Apart from its primary use as a pH adjuster, triethanolamine is popularly used as a buffering agent, masking agent, and fragrance ingredient in various personal care products. The triethanolamine (TEOA) market is witnessing healthy growth, which is mainly attributed to the increasing popularity of the applications of triethanolamine in cosmetics & personal care products. Manufacturers in the triethanolamine (TEOA) market are focusing on leveraging the wide range of industrial as well as consumer applications of triethanolamine to establish a stronger presence in the market. Apart from the applications of triethanolamine in the cosmetics & personal care industry, paints & coatings industry, leather & textile industry, and pharmaceutical industry are among the leading end-user industries of triethanolamine.
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The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.
Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.
Triethanolamine (TEOA) Market: Dynamics
The versatile range of industrial applications of triethanolamine remains the most important driving engine for the development of the triethanolamine (TEOA) market. Manufacturers in the triethanolamine (TEOA) market are targeting the fastest-growing end-user industries, such as cosmetics & personal care and paints & coatings, to improve profitable sales of triethanolamine in the upcoming years.
The applications of triethanolamine as a pH controller in cosmetics & personal care products are expected to provide a major boost to the growth of the triethanolamine (TEOA) market in the foreseeable future. Furthermore, its applications in agricultural products and de-icing products play an important role in the expansion of the triethanolamine (TEOA) market.
However, consumers are becoming more conscious about the ingredients of cosmetics before making a purchase, and the toxic nature of triethanolamine may make a negative impact on the dynamics of the triethanolamine (TEOA) market. The negative effects of triethanolamine in cosmetic products involve skin and eye irritation and it can also cause respiratory diseases due to long term use of personal care products manufactured using triethanolamine. Various medical studies have found that triethanolamine in several personal care products, such as sunscreen and ear drops, have caused allergic reactions among a majority of consumers. Growing awareness about the potential hazards of using cosmetic products manufactured using triethanolamine may make a negative impact on the growth of the triethanolamine (TEOA) market in the coming future.
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Triethanolamine (TEOA) Market: Segmentation
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Triethanolamine (TEOA) Market: Regional Outlook
The growth prospects of the triethanolamine (TEOA) markets in developed regions such as North America and Europe are mainly influenced by the imposition of strict rules and regulations on the use of triethanolamine in cosmetic products. The FDA regulates the use of triethanolamine in various cosmetics & personal care products to identify the toxicity of these products and ensure the safety of consumers.
The need for gaining FDA approval for cosmetics manufactured using triethanolamine may restrict the demand for triethanolamine in the North American region. Meanwhile, increasing demand for triethanolamine in the manufacturing laundry detergents manufactured in developing nations may mark significant growth of the triethanolamine (TEOA) markets in emerging economies in the coming future.
Triethanolamine (TEOA) Market: Key Players
Offering a broad spectrum of end-use applications opportunities is expected to become a popular trend among stakeholders in the triethanolamine (TEOA) market. The target applications of triethanolamine in rapidly-growing end-use industries, such as textile and detergents, are making a significant impact on the important manufacturing strategies adopted by leading manufacturers in the triethanolamine (TEOA) market. Some of the important stakeholders in the triethanolamine (TEOA) market profiled in the report include:
- BASF
- Dow Chemical Company
- Huntsman
- INEOS
- Xianlin
- Nippon Shokubai
- SABIC
- AkzoNobel
- PETRO-CHEMICAL
- Fushun Beifang
- Jinyan
- ZHONGXIN CHEMICAL
- Qingming Chemical
- Beifang Huifeng
- Yinyan Specialty
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