Home > Bulk Chemicals > Triethylamine Market Trends, Analysis, Share to 2029
Straits Research

Triethylamine Market

Triethylamine Market: Information by Type (≥99.5%, ≥99%) Application (Chemical, Pharmacy), and Region — Forecast till 2029

Table of Content Download Sample

Market Overview

Triethylamine refers to a highly flammable, colorless liquid with a strong fishy odor, completely soluble in water. The amine is highly flammable, along with being corrosive, and is commonly named TEA. It is majorly used as an intermediate in the pharmaceutical and agrochemical industries, and as a processing aid in polymerization to manufacture triethylamine. In order to produce quaternary ammonium compounds, triethylamine is highly required. It acts as a catalyst to withstand chemicals, medicines, and pesticides.

Furthermore, direct contact with the triethylamine (TEA) may lead to irritation on the skin and the mucous membrane. In addition to this, it can adversely affect the respiratory system and hematological content. However, these are manufactured, used, and formulated within industrial settings.

Due to its usage in the pharmaceutical and chemical industries, the triethylamine market is expected to grow during the forecast period. However, because of highly flammable and dangerous for the skin and internal systems, it may restrict the market's growth.

Market Snapshot

market snapshot
Base Year
: 2020
Study Period
: 2019-2029
: 4.6 %
Fastest Growing Market
: North America
Largest Market
: Asia Pacific
Market Size
: 380
Get more information on this report Download Sample Report

Market Dynamics

The growth of the chemical industry to drive market growth

The triethylamine finds its major applications in the chemical industry due to its properties, which help in the formation of quaternary ammonium compounds, which are further used in chemical and other industries. Due to its unique reactions, and versatile nature, its demand in the chemical industry is increasing. Some of the triethylamine uses include detergents, cleaners, concrete admixtures, urethane foam catalysts, skincare products such as shower gels, and many others.

The triethylamine's performance benefits include corrosion inhibitor, grinding aid, intermediate, neutralizing agent, pH regulator, processing agent, reactive agent, and others which has increased its requirement in the chemical industry. Therefore, the growth of the chemical sector will positively impact the demand for triethylamine and, thus, drive the growth of the market.

According to SDG Knowledge Hub by International Institute for Sustainable Development (IISD), the production capacity of the global chemical industry doubled between the years 2000-2017, and the global sales totaled 5.68 trillion in 2017 if pharmaceuticals are included making the chemical industry the world's second-largest manufacturing industry. It also projected that the growth would be highest in Asia, with China to account for 50% of the total global sales by the year 2030.

Furthermore, the investments made in research and development for creating new chemicals or products with the help of intensive studies will also boost the chemical industry, further increasing the demand for triethylamine in the market.

Segmental Analysis

Type Analysis

The triethylamine market is categorized into less than or equal to 99% and less than or equal to 99.5% based on types. The less than or equal to 99% is used to polymerize monomers in which molecules are chemically combined to produce a very large chainlike or network molecule, called a polymer, as a hydrogen donor. It further helps to catalyze silanization, synthesize methacrylate solubilized decellularized cartilage, and synthesis the heterodimer. The second type, which is less than equal to 99.5%, is used during the complex synthesis of compounds and acts as a homogenous catalyst for glycerol dicarbonate preparation. This specific concentration is a formation of aliphatic amine.

Application Analysis

On the basis of application, the triethylamine market is categorized into chemical, pharmacy, and others, which means that it depends upon the sectors using triethylamine. The chemical segment is anticipated to have a maximum share during the forecast period due to being manufactured in that industry. Therefore, applications in the chemical industry are more when compared to others. In addition to this, the chemical industry's growth is also a major factor for a wide variety of triethylamine applications in the chemical sector.

According to the data shared by the American Chemistry Council, the total chemical production volume in the U.S. rose 0.6% in 2019, which is further expected to grow by 0.4% in 2020, indicating a growth in the industry. On the other hand, in India, the market size of the chemical industry stood at 180 USD billion in the year 2019, with the production of total major chemicals of 13,871 thousand MT and a GAGR of 4.78%, which indicates that this industry is rapidly growing which will further increase the demand for triethylamine due to its various uses. This industry's continuous growth is expected to increase triethylamine applications in the chemical sector even more.

Parent Market Analysis

The specialty chemicals are the parent market for the global triethylamine market. It also includes companies engaged in producing high-value-added chemicals that are further used in manufacturing a wide variety of products, including additives, adhesives, specialty paints, fine chemicals, advanced polymers, and pigments, sealants, coatings, and many others. These chemicals are manufactured in the batch chemical plants, with the help of batch processing techniques.

The U.S. and Europe focus on this sector more than the basic chemicals because of the thought that specialty chemicals will deliver better and more stable profitability than the other chemicals, with the help of active research and development (R&D). Under this, the new products are created to meet both the customer needs and new environmental regulations, which helps eradicate any barriers coming in the way of production.

Furthermore, the specialty chemicals sector is growing at a rapid rate. As per the data shared by United Nations Environment Program, the total global chemical production was about 2.3 billion tonnes, and the shipments for specialty chemicals was 967 USD billion for the year 2017, which was the second-largest in the chemicals industry and is further expected to grow in the coming years which indicates the growth of this market.

Regional Analysis

On the basis of geography, the triethylamine market is categorized into North America, Europe, Asia-Pacific, Central and South America, and the Caribbean, Middle East, and Africa.

Asia-Pacific is expected to hold the largest market share during the forecast period. The growth can be attributed to the increasing number of manufacturing activities where the demand for chemicals increases with a rise in production capacity. The growing chemical industry will boost the demand for triethylamine in this region.

According to the India Brand Equity Foundation (IBEF), India is the sixth-largest producer of chemicals globally and the third-largest producer in Asia in terms of output. As per the report shared by the Department for Promotion of Industry and Internal Trade (DPIIT), total export for the chemicals stood at USD 19.09 billion during the year 2018-19, which shows the growth of this industry in this region.

In addition to this, the increase in consumer spending and industrial growth will also boost the demand for triethylamine in this region. Furthermore, developing counties like India and China, which are leading producers in many of the sectors such as steel and a growing population with an increased demand for several products and services, are also expected to boost this market's growth. Moreover, the pharmaceutical industry's growth in this region will also create a surge in demand for triethylamine due to its uses in that industry.

In India, the pharmaceutical sector is expected to grow to 100 USD billion by 2025. Additionally, the pharmaceuticals export stood at 20.70 USD billion in the financial year 2020, including bulk drugs, drug formulations, intermediates, biologicals, herbal products, and surgical as per India Brand Equity Foundation (IBEF). Therefore, the growth of the pharmaceutical and chemical industry in this region, along with other mentioned factors, are expected to be responsible for the growth of the triethylamine market in this region.

Triethylamine Market Regional Analysis
Regional Growth Insights Download Free Sample

Top Key Players of Triethylamine Market

  1. Dow Chemical Company
  2. BASF SE
  3. Eastman Chemical Company
  4. INEOS
  5. Linde Gas LLC
  6. Ecoasia Chemical Company Limited
  7. Zhejiang Jianye Chemical Co Ltd
  8. Shijiazhuang Sanyian Fertilizer Industry Co Ltd.
  9. Jinan Jinhengda Chemical Industry Co Ltd
  10. Changzhou Feiyu Chemical Co Ltd
  11. Shandong Kunda Biotechnology Co Ltd
  12. Thermo Fisher Scientific
  13. Alfa Aesar
  14. Shanghai Macklin Biochemical Co Ltd
  15. Shanghai Aladdin Bio-Chem Technology Co Ltd

Report Scope

Report Metric Details
CAGR 4.6%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Type
    1. ≥99.5%
    2. ≥99%
  2. By Application
    1. Chemical
    2. Pharmacy
    3. Others
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa

Triethylamine Market Segmentation

By Type

  • ≥99.5%
  • ≥99%

By Application

  • Chemical
  • Pharmacy
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East
  • Africa

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Triethylamine Market?
Triethylamine Market size will grow at approx. CAGR of 4.6% during the forecast period.
Some of the top prominent players in Triethylamine Market are, Dow Chemical Company, BASF SE, Eastman Chemical Company, INEOS, Linde Gas LLC, Ecoasia Chemical Company Limited, Zhejiang Jianye Chemical Co Ltd, Shijiazhuang Sanyian Fertilizer Industry Co Ltd., Jinan Jinhengda Chemical Industry Co Ltd, Changzhou Feiyu Chemical Co Ltd, Shandong Kunda Biotechnology Co Ltd, Thermo Fisher Scientific,Alfa Aesar, Shanghai Macklin Biochemical Co Ltd,Shanghai Aladdin Bio-Chem Technology Co Ltd, etc.
In the Triethylamine Market, Asia Pacific has established itself as the market leader with a significant market share.
The region with the most rapid expansion in the Triethylamine Market is North America.
The global Triethylamine Market report is segmented as follows: By Type, By Application
Price Starts From
USD 995

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
LG Chemicals
LCY chemical group
Lubrizol Corporation
HB Fuller
Need Assistance?
+1 646 905 0080 (U.S.)
+44 203 695 0070 (U.K.)

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Report Snapshot
Looking For Custom Report ?
Check Our License Options :

As featured on :

Trusted by Fortune 500
Over 30000+ subscribers