There are many factors that contribute to the increase in DEA prices. One factor is the increasing demand for DEA in the oil and gas industry. DEA is used in a variety of oilfield applications, including as a corrosion inhibitor, demulsifier and antiscalant. As the oil and gas industry continues to grow, so will the demand for DEA.
Another factor contributing to the rise in DEA prices is the increase in raw material costs. DEA is produced from ethylene oxide and methanol, both of which are expensive. As the cost of these raw materials increases, so does the cost of producing DEA.
Finally, DEA price increases were also affected by supply disruptions. In 2019, a fire broke out at a DEA production facility in China. The fire caused a temporary shortage of DEA, driving up the price of the product.
The rising price of DEA is a challenge for many industries that use DEA as a feedstock. However, the rising price of DEA is also an opportunity for companies that produce DEA. As the demand for DEA continues to grow, so does the potential profit for DEA producers.
The following are some factors that may affect the price of dimethylethanolamine in the future: