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MEA Triazine Market Size, Share & Industry Analysis, By Type (Desulfurizer, Fungicides), By End-Use (Medical, Chemical, Oil & Gas, Agriculture, Biological Energy, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103700 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Triazines are class of nitrogen containing heterocyclic compounds. The word ‘triazine’ indicates the presence of 3 nitrogen atoms. The molecular formula for triazines is C3H3N3. MEA triazine is a derivative of the s-triazine with chemical name hexahydro-1,3,5-tris(2-hydroxyethyl)-hexahydro s-triazine (I) and is often called as monoethanoloamine triazine and is most common hydrogen sulphide scavenger in many end-use sectors like oil & gas, pharmaceuticals, industrial and others.


MEA triazine is used pre-dominantly in the oil & gas industries as H2S scavenger and mercaptans in hydrocarbon streams. It is used to minimize the risk of operations and corrosion in crude oil manufacturing facilities. The increasing demand for oil & gas from various end-use sectors is substantially creating demand for MEA triazine.

However, application of MEA triazine causes scaling and formation of insoluble solid deposits of dithiazine is likely to hamper the market growth.

Up Arrow

Key Market Driver -

Increasing demand from oil & gas manufacturing companies

Down Arrow

Key Market Restraint -

Scaling and formation of insoluble deposits.


Market Segmentation:


Based on type, the market is segmented into desulfurizer and fungicides. Based on end-use, the market is segmented into, medical, oil & gas, chemical, agriculture, biological energy, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:


The global MEA triazine market consists of global & regional players operating. Some of the key players in the market include Hexion, Stepan, Foremark Performance Chemicals, Dow Chemical, Sintez OKA, Eastman, Evonik, Baker Hughes, Multi-Chem, Ecolab, and Others.

Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the MEA Triazine Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest and the fastest growing market attributed to the easy availability of raw materials and lower cost of labors in countries like China and India. North America is estimated to be the second-largest market due to the ample number of manufacturing companies in U.S. Europe is expected to show significant growth due to demand from end-use sectors for desulfurizers. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

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Segmentation






















 ATTRIBUTE

   DETAILS

By Type

  • Desulfurizer

  • Fungicides

By End-USe

  • Medical

  • Chemical

  • Oil & Gas

  • Agriculture

  • Biological Energy

  • Others

By Geography

  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

MEA Triazine Industry Developments



  • In January 2020, Foremark Performance Chemical expanded its triazine production operations at its manufacturing facility of Texas as response for the increasing demand from North American market.





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