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Triazine Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030

ID : MRU_26477 | Date : Jan, 2023 | Pages : 186 | Region : Global

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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.
For production, the NA consumption of triazine has reached 49 K MT by the end of year 2017, with annual growth rate around 1.5% during the past years. Growing attention has been raised in the application of triazine in medical and oil and gas industry, which makes it in fast development in recent years.
For the market, the global triazine market is worth over 157.54 Million USD, according to our survey. Actually, the market of triazine is far from mature. However, as production of raw materials like palm and coconuts are limited to Southeast Asia, the competition structure would not change significantly in the following years.
For price trend analysis, a key variable in the performance of triazine producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

The Global Triazine Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Triazine Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Hexion
Eastman
Stepan
DBWT
Baker Hughes
Dow Chemical
Ecolab
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

1,3,5-triazine
1,2,3-triazine
1,2,4-triazine
In Market segmentation by applications :

Medical Industry
Biological Energy Industry
Agriculture
Chemical Industry
Oil & Gas
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Triazine Market for the forecast period 2023 - 2030?
• What are the driving forces in the Triazine Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Triazine industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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