LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Triethanolamine Category - Procurement Market Intelligence Report. The triethanolamine market is poised to witness an increase in its spend growth momentum owing to the expansion of personal care and home care products portfolios that are composed of triethanolamine. Moreover, emerging economies are experiencing a high demand for laundry detergents that consist of triethanolamine as a key ingredient. This recent increase in triethanolamine uses will lead to the growth of the market over the next couple of years.
“Buyers are advised to engage with suppliers who implement hedging to procure raw materials. Hedging freezes the price in which the raw materials will be procured during the contract period. This would allow the suppliers to tackle possible fluctuations in the raw materials prices, and, thereby, help the buyers to ease their budgeting process,” says SpendEdge procurement expert Tridib Bora.
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The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the triethanolamine market.
- Expansion of personal care and home care products portfolios, which use triethanolamine as an ingredient
- Triethanolamine uses, such as its utility as reaction intermediates for durable press fabric softeners and finishes by the textile industry
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Report scope snapshot: Triethanolamine market
US market insights
- Category cost drivers
- Overview of best practices in the US
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Cost-saving opportunities
- Supplier-side levers
- Buyer-side levers
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Category pricing insights
- Volume drivers impacting pricing
- Total cost of ownership analysis
- Comparison of pricing models
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