About Triazine
Triazine is the chemical class of six-membered heterocyclic ring compound along with three nitrogens replacing carbon-hydrogen units in the benzene ring structure. The names of the three isomers specify which of the carbon-hydrogen units on the benzene ring position of the molecule have been replaced by nitrogens, known 1,2,3-triazine, 1,2,4-triazine, and 1,3,5-triazine respectively. The triazine herbicides are widely used for weed control on corn, sorghum, sugarcane and fruit crop acreage has resulted in efficient, low-cost effective weed control on tens of millions of acres. The global triazine market is expected to witness a considerable growth owing to its excellent crop safety record and increasing demand from oil, gas and petroleum industry.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Many key players are implementing various strategies such as mergers & acquisitions, new product development, joint ventures, partnerships and others. Chemical companies are setting standards by producing triazine with the help of various technological advancements. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Triazine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hexion (United States), Eastman Chemical Company (United States), Stepan (United States), Lonza (Switzerland), Evonik (Germany), Baker Hughes (United States), Halliburton (United States), Dow Chemical (United States), Ecolab (United States) and Sintez OKA (Russia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Modern National Chemicals (Saudi Arabia), Foremark Performance Chemicals (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Triazine market by Type (1,3,5-triazine, 1,2,3-triazine and 1,2,4-triazine), Application (Medical Industry, Biological Energy Industry, Agriculture, Chemical Industry and Oil & Gas) and Region.
On the basis of Type, 1,3,5-Triazine are dominating the market in the year 2023 where as 1,2,3-Triazine stood as second largest market share.
On the basis of application, Oil & Gas segment is dominating the market in the year 2023On the basis of geography, the market of Triazine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing use in agriculture sector
Market Growth Drivers:
Increasing demand from oil, gas and petroleum industry and Excellent crop safety record
Challenges:
Highly toxic properties
Restraints:
High cost associated with the product market
Opportunities:
New developments related to market
Market Leaders and their expansionary development strategies
In March 2023, SONGWON Industrial Group, a manufacturer of polymer stabilizers and global specialty chemicals producer, has committed to an expansion of its portfolio of high-performance coatings products and blends.
In October 2022, Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business highlights its ongoing commitment to the plastics industry with new product launched at K 2022. SONGWON manufactures a comprehensive range of antioxidants and UV stabilizers in a full range of physical product forms., and .
Key Target Audience
Manufacturers of Triazine, Suppliers of Triazine Subcomponents, Wholesalers, Distributers and Retailers of Triazine, Chemical Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.