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MMA 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: FBI103701 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Triazines are heterocyclic compounds with three nitrogen atoms and has molecular formula C3H3N3. MMA triazine, chemically known as monomethylamine triazine is a non-regenerative sulphide scavenger. It is cyclic tertiary amine found in yellow coloured aqueous form with concentration up to 42 %. It is applied for both aqueous and hydrocarbon streams.


MMA Triazine is used as H2S scavenger in oil and gas industries. Attributed to the biodegradability of MMA triazine and its products, it is widely used in different end-use sectors. Additionally, the cost of this type of H2S scavenger is relatively lower than others like glyoxal, zinc-based and iron-based scavengers which substantially is increasing the demand, further boosting the market growth.

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

Up Arrow

Key Market Driver -

Relatively lower cost.

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 application, 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 MMA 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 MMA 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 accounts for the largest share in the market. Moreover, it is 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 holds significant share in market due to the large manufacturing base and increasing demand from oil & gas industries. 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 Application

  • 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)

MMA 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.

  • In February 2017, Bold production services enhanced its product portfolio for H2S scavengers via the acquisition of proprietary gas treating chemical.





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