Triazine Companies

The triazine market is expected to reach USD 381.4 million by 2030 from USD 319.9 million in 2025, at a CAGR of 3.6% during the forecast period.

The triazine market is currently expanding due to its essential applications in sectors such as oil & gas, water treatment, and industrial chemicals. Triazine-based H2S scavengers are efficient and low in toxicity, making them a reliable alternative to chemicals that are less safe to handle. Their use helps prevent corrosion, further highlighting their dependability. Triazines are expected to remain regulated under US EPA guidelines and other regional chemical safety laws to ensure compliance with air and water quality standards. Organizations like OSHA, NIOSH, and ACGIH set occupational exposure limits to safeguard industrial environments. Primarily, triazines are developed through condensation reactions of amines and formaldehyde, resulting in systems with low toxicity and high solubility that can be used in various applications. The ongoing shift toward safer, environmentally sustainable, and biodegradable materials is driving the development of sustainable triazine formulations that contribute to global industrial sustainability.

The global demand for triazine is primarily fulfilled by major manufacturers producing it for a variety of applications. The major players in the triazine market with a significant global presence are SLB (US), Baker Hughes Company (US), Dongying Dayong Petroleum Additive Co., Ltd. (China), Hexion Inc. (US), and Saudi Multichem Company (Saudi Arabia). The market players have adopted various strategies, such as expansions, partnerships, collaborations, mergers, and acquisitions, to strengthen their position in the triazine market.

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SLB (US), previously known as Schlumberger, is a global technology company advancing energy innovation for a sustainable planet. The company operates in four segments: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Digital & Integration provides cloud software, artificial intelligence, and digital platforms, including DELFI, which includes digital solutions to accelerate the research, development, and manufacturing processes. Reservoir Performance provides evaluation, well testing, and stimulation services to improve the understanding and production of the reservoir. Well Construction provides advanced drilling technologies, engineering services, and equipment, all to increase overall safety, efficiency, and accuracy in the well development process. Production Systems markets surface, subsea, and processing systems. SLB operates in more than 100 countries across North America, South America, the Middle East and Africa, Asia Pacific, and Europe.

Baker Hughes Company (US) is a global energy technology leader providing advanced solutions in both traditional and emerging energy markets. With a diverse portfolio and deep technological knowledge, the company is focused on innovation to meet the world’s changing energy needs, while assisting the global transition to a lower-carbon future. The company operates two reportable segments, Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment offers products, services, and integrated solutions that are utilized in onshore and offshore oilfield operations of all types throughout the asset lifecycle: exploration, drilling, production, and decommissioning. The Industrial & Energy Technology segment offers innovative technologies and services for energy and industrial markets, including gas technology, pipeline services, digital asset management, and emissions abatement. It supports a wide range of industries, from LNG and refining to aerospace and manufacturing, while spearheading Baker Hughes’ growth in low-carbon solutions such as hydrogen, CCUS, and clean power. To support its Oilfield Services & Equipment and Industrial & Energy Technology segments, Baker Hughes maintains a global network of owned and leased facilities, including manufacturing plants, service centers, and R&D hubs, that are positioned strategically throughout North America, Europe, Asia, the Middle East, and Africa.

Dongying Dayong Petroleum Additive Co., Ltd. (China) is a specialist company focused on the research, development, manufacturing, and sale of oilfield chemical additives, as well as providing extensive petroleum technical services. Through strategic alliances with PetroChina Exploration and Research Institute, Qingdao University of Science and Technology, Sichuan University, China University of Petroleum, and Shengli Oilfield Geological Research Institute, the company has built its innovative foundation, which propels sustainable development. The company is dedicated to producing eco-friendly chemical solutions for the oilfield industry through a development strategy focused on technological innovation, specialization, refinement, and internationalization. Additionally, the company delivers specialized oilfield technical services, including sand control for oil and water wells, temporary plugging and well repair, embedded shielding drilling fluid solutions, and gas lift, drainage, and sand removal, supported by expertise in chemical additives.

Hexion Inc. (US) is a global leader in performance materials, driven by science, innovation, and a commitment to sustainability. With a strong heritage of advancing solutions that are stronger, safer, and cleaner, the company serves critical industries including construction, agriculture, energy, automotive, and infrastructure protection. With decades of formulation expertise, its products play a critical role in adhesives, coatings, building materials, agriculture, chemical intermediates, energy, and fire safety. By combining trusted performance with a strong focus on customer needs, Hexion helps industries create solutions that are stronger, safer, and more sustainable. Its broad portfolio reflects a deep commitment to science-driven innovation and long-standing partnerships that enable customers to succeed in today’s evolving markets. The company operates facilities across the US in Louisiana, Texas, Georgia, Arkansas, Oregon, New York, North Carolina, and Wisconsin.

Saudi Multichem Company (Saudi Arabia) is a manufacturer of oilfield chemicals committed to providing innovative and sustainable solutions for the energy sector. The company offers a wide variety of oilfield chemicals, which include drilling additives, completion fluids, production treatment solutions, and pipeline maintenance products. The upstream product line contains LCMs, lubricants, defoamers, emulsifiers, surfactants, detergents, H2S scavengers, biocides, corrosion inhibitors, and degreasers, which improve drilling performance and wellbore integrity. The company offers demulsifiers, water clarifiers, foamers, scale and hydrate inhibitors, asphaltene and paraffin dispersants, drag-reducing agents, hydrotesting chemicals, and specialized cleaners for downstream applications to enhance production, protect infrastructure, and prolong asset longevity. Utilizing robust collaborations with multinational and regional enterprises, it formulates unique chemistry customized to local advantages.

MARKET RANKING

The triazine market is dominated by major players such as SLB (US), Baker Hughes Company (US), Dongying Dayong Petroleum Additive Co., Ltd. (China), Hexion Inc. (US), and Saudi Multichem Company (Saudi Arabia), collectively accounting for 45–50% of the worldwide market share. SLB supplies high-performance triazine-type H2S scavengers for upstream and midstream oil and gas industries with a promise of corrosion protection and operational safety. Baker Hughes offers custom formulations for industrial chemical operations and natural gas treatment. Dongying Dayong Petroleum Additive Co., Ltd. offers triazine products that meet many petroleum specifications and are competitively priced. Saudi Multichem Company offers triazine products that meet the specifications of a geographical region and apply the local environmental and safety aspects. Hexion Inc. developed triazine products that met specifications for petrochemical operations, refining operations, and water treatment applications.

Related Reports:

Triazine Market by Type (Water Soluble, Oil Soluble, and Gas Phase), Product (MEA Triazine and MMA Triazine), End-use Industry (Crude Oil, Natural Gas, Geothermal Energy, and Industrial Processes), and Region – Global Forecast to 2030