Triethanolamine Market Size

Triethanolamine Market size was over USD 2.34 billion in 2024 and is anticipated to cross USD 4.47 billion by 2037, growing at more than 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of triethanolamine is estimated at USD 2.44 billion. The market is expanding as a result of the growing spending in the construction industry across the globe.

It is expected that the growing number of new industrial development projects in the upcoming years will support triethanolamine sales globally since it is being used increasingly often as an additive to prevent powder that is sprayed to mill walls and ball surfaces from coating and clumping together. For instance, before the coronavirus pandemic, the construction industry had grown to a spending value of more than USD 10 trillion, and it is foreseen to expand by around 2% per year.

In addition to these, factors that are believed to fuel the triethanolamine market expansion include rising spending on research and development. Research and development initiatives are being funded by market players planning to enter the triethanolamine sector to offer more user-friendly products that won't negatively impact the corresponding users in the near or long run.