Hexahydro-1,3,5-tris Market Size is Forecast to Grow at CAGR of 2% During 2020-2025


Posted August 10, 2020 by Blessy_Joy

Hexahydro-1,3,5-tris Market size is forecast to reach $95 million by 2025, after growing at a CAGR of 2% during 2020-2025.

 
Hexahydro-1,3,5-tris Market size is forecast to reach $95 million by 2025, after growing at a CAGR of 2% during 2020-2025. Hexahydro-1,3,5-triazine is a class of heterocyclic compounds with the formula (CH2NR)3. Hexahydro-1,3,5-tris-(-2-hydroxyethyl)-s-triazine is a product that is used for the formulation of antimicrobial products for use in metalworking cutting fluids, gas/oil drilling muds/packer fluids and industrial adhesives.

Key Takeaways
- Hexahydro-1,3,5-tris is ideal for offshore as well as onshore oilfield having a stricter requirement in space and also an investment.
- Hexahydro-1,3,5-tris-(-2-hydroxyethyl)-s-triazine is a formaldehyde condensate product that is used as an antimicrobial agent in metal working fluids.
- Asia Pacific dominated the Hexahydro-1,3,5-tris market, followed by North America and Europe.

By Application - Segment Analysis

Metalworking cutting fluids segment held a significant share in Hexahydro-1,3,5-tris market in 2019 growing at a CAGR of 2.35% during the forecast period. Hexahydro-1,3,5-tris-(-2-hydroxyethyl)-s-triazine is widely used as an antimicrobial agent in metal working fluids. This material is not directly sold to consumers and has no known intended use in consumer products. Industrial products that contain significant levels of this material should include necessary safety labeling and provide appropriate handling and disposal methods. When handled responsibly, the potential for toxicity can be minimized, allowing workers to use materials containing hexahydro-1,3,5-tris-(-2-hydroxyethyl)-s-triazine safely, which is driving the market.

Drivers – Hexahydro-1,3,5-tris Market
Growing demand from end-use industries
The key driving factors driving the Hexahydro-1,3,5-tris market are growing demand for Hexahydro-1,3,5-tris in the metal industry. When used as desulfurizer, Hexahydro-1,3,5-tris is primarily to eliminate the H2S produced by the exploitation of oil and gas. As a result, ensuring the actual health inside the manufacturing industry and also lowering the H2S corrosion to equipment.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hexahydro-1,3,5-tris market. Major players in the Hexahydro-1,3,5-tris market are Troy Corporation, Lonza, Stepan, Clariant, BASF, Buckman, S & D Fine Chemical, Fansun Chem, Million Chem and Xinxiang Xinhai Chemical among others.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business
Tags hexahydro1 , 3 , 5tris market , 5tris market growth , 5tris market research , 5tris market size
Last Updated August 10, 2020