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

Dec 11, 2020   Global Triethylamine 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, as a processing aid in polymerization to manufacture triethylamine. In order to produce quaternary ammonium compounds, triethylamine is highly required. It acts as a catal...
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Global Triethylamine 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, 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 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 helps 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 was doubled between the years 2000-2017, and the global sales totaled to 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 the 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.

Global Triethylamine: Segmentation Analysis

Type Analysis

The triethylamine market is categorized into less than or equal to 99% and less than 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 the 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.

Key Players

  • 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

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)

Growth of the chemical industry, increasing number of manufacturing activities, and an increase in consumer spending and industrial growth is the key factors expected to drive Triethylamine Market during the forecast period.
Dow Chemical Company, BASF SE, Eastman Chemical Company, INEOS, Linde Gas LLC, Zhejiang Jianye Chemical Co Ltd, Shijiazhuang Sanyian Fertilizer Industry Co Ltd., Jinan Jinhengda Chemical Industry Co Ltd, Changzhou Feiyu Chemical Co Ltd are the top players in Triethylamine Market.
Asia-Pacific is expected to hold the highest market share in Triethylamine Market.
Chemical Segment is expected to be the leading segment in Triethylamine Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.

Global Triethylamine 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, 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 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 helps 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 was doubled between the years 2000-2017, and the global sales totaled to 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 the 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.

Global Triethylamine: Segmentation Analysis

Type Analysis

The triethylamine market is categorized into less than or equal to 99% and less than 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 the 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.

Key Players

  • 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

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)

Growth of the chemical industry, increasing number of manufacturing activities, and an increase in consumer spending and industrial growth is the key factors expected to drive Triethylamine Market during the forecast period.
Dow Chemical Company, BASF SE, Eastman Chemical Company, INEOS, Linde Gas LLC, Zhejiang Jianye Chemical Co Ltd, Shijiazhuang Sanyian Fertilizer Industry Co Ltd., Jinan Jinhengda Chemical Industry Co Ltd, Changzhou Feiyu Chemical Co Ltd are the top players in Triethylamine Market.
Asia-Pacific is expected to hold the highest market share in Triethylamine Market.
Chemical Segment is expected to be the leading segment in Triethylamine Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.