As per a new report published by Fact.MR, the triethanolamine market is forecast to exceed a valuation of US$ 1.7 Bn in 2031, expanding at a CAGR of close to 5% through the same period. The emulsification property of triethanolamine (TEA) makes it useful in several industrial applications such as gas treating and chemical manufacturing. For the removal of contaminants from gasoline, triethanolamine along with DEA and MEA in gas treating process is highly recommended.
Additionally, demand for triethanolamine as a chemical intermediate has shown drastic growth over the past half-decade. Triethanolamine is used in agrochemicals to make pesticides, where it works as a dissolvent and increases the ability of the pesticide to dissolve easily in water.
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