Global Triazine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Triazine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 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.

The triazines have planar six-membered benzene-like ring but with three carbons replaced by nitrogens. The three isomers of triazine are distinguished by the positions of their nitrogen atoms, and are referred to as 1,2,3-triazine, 1,2,4-triazine, and 1,3,5-triazine. Other aromatic nitrogen heterocycles are pyridines with one ring nitrogen atom, diazines with 2 nitrogen atoms in the ring and tetrazines with 4 ring nitrogen atoms.

Market Overview:

The latest research study on the global Triazine market finds that the global Triazine market reached a value of USD 169.85 million in 2022. It’s expected that the market will achieve USD 184.08 million by 2028, exhibiting a CAGR of 1.35% during the forecast period.

Drivers

The broad spectrum of triazine herbicides can be used in a wide range of applications, and the plants can be used before and after emergence; and the application cost is very low. With its broad spectrum and low cost, almost no new product can compete with it.
Triazines have a good inhibitory and killing effect on the treatment of microorganisms, and are generally lower than other pharmaceutical costs.

Limitations

The retention of triazine herbicides in the environment and the pollution of groundwater have also caused concern and disturbance of pesticide regulatory agencies, which has caused some countries and regions to restrict or even prohibit their use.

Triazines have certain side effects, such as rash, itching, fever, bronchospasm and serum sickness, headache or dizziness, and digestive tract reactions. Some countries have used other drugs to replace them.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Hexion is one of the major players operating in the Triazine market, holding a share of 38.59% in 2018.

Hexion Inc. provides thermoset technologies, specialty products, and technical support for a range of applications and industries worldwide. It operates through Epoxy, Phenolic and Coating Resins; and Forest Products Resins segments.

Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments.

Segmentation Overview:

Among different product types, Triazine Derivatives segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Energy Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Triazine market covered in Chapter 3:

Ecolab
Hexion
Eastman
Foremark Performance Chemicals
Evonik
Sintez OKA
Multi-Chem (Halliburton)
Lonza
Stepan
Dow Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Triazine market from 2018 to 2029 is primarily split into:

Triazine
Triazine Derivatives

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Triazine market from 2018 to 2029 covers:

Agriculture
Energy Industry
Medical Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)