Global Triazine Market Growth 2023-2029

Global Triazine Market Growth 2023-2029

A triazine is class of nitrogen-containing heterocycles. The parent molecules' molecular formula is C3H3N3. They exist in three isomeric forms, 1,3,5-triazines being common.

MMA Triazine is a cyclic tertiary triamine. It is mainly used as a scavenger for sour gases like H2S and mercaptans in gaseous or liquid hydrocarbon streams.

MEA-triazine is the most commonly used chemistry for applications requiring a non-regenerative H2S scavenger. Other chemistries are available (MMA-triazine, glyoxal, zinc-based, iron-based, and others) but MEA-triazine has the highest market share because it is the lowest cost in use solution. Triazines are low cost in use despite the fact that the molar efficiency of the chemistry in capturing H2S is significantly below theoretical maximum efficiency.
LPI (LP Information)' newest research report, the “Triazine Industry Forecast” looks at past sales and reviews total world Triazine sales in 2022, providing a comprehensive analysis by region and market sector of projected Triazine sales for 2023 through 2029. With Triazine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Triazine industry.
This Insight Report provides a comprehensive analysis of the global Triazine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Triazine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Triazine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Triazine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Triazine.
The global Triazine market size is projected to grow from US$ 394.6 million in 2022 to US$ 472.1 million in 2029; it is expected to grow at a CAGR of 472.1 from 2023 to 2029.
North America is the major market for triazine, accounting for over 40% of the market share.Europe is next with about 25%.
Hexion, Eastman, Baker Hughes, Sintez Oka and others are the major players, with the top three accounting for about 20% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Triazine market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
1,3,5-triazine
1,2,3-triazine
1,2,4-triazine
Segmentation by application
Medical Industry
Biological Energy Industry
Agriculture
Chemical Industry
Oil & Gas
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hexion
Eastman
Stepan
DBWT
GE(Baker Hughes)
DuPont
Ecolab
Key Questions Addressed in this Report
What is the 10-year outlook for the global Triazine market?
What factors are driving Triazine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Triazine market opportunities vary by end market size?
How does Triazine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.