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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global N-Hexane Market Outlook
The global n-hexane market attained a volume of 1.93 million tons in 2023. The industry is further projected to grow in the forecast period of 2024-2032 at a CAGR of 3.8% to reach 2.70 million tons by 2032.
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Based on the application, the edible oil extraction segment accounted for the majority of the global market share as it provides a high yield from the oilseeds. Also, it is beneficial as it can be reused after the extraction process. Regionally, the Asia Pacific represented the largest regional n-hexane market in 2020. This regional growth can be attributed to the increasing population, coupled with the growing demand for refined oil in countries like India and China.
Properties and Applications
N-hexane is a volatile aliphatic hydrocarbon that is procured from crude oil and natural gas. It can also be obtained from sugar cane wastes by employing special catalysts. N-hexane is colourless in the purest form and has an unpleasant odour, identical to petroleum. Also, it is highly flammable and comprises of explosive vapours due to which it is mostly mixed with other solvents before used in the production of different products. Moreover, it is commonly used in the form of an industrial chemical and laboratory reagent. Solvents containing n-hexane are also used in the extraction of vegetable oils from oilseeds such as corn, sunflower, and soybeans.
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The n-hexane market can be broadly segregated on the basis of its application segment into:
- Edible Oil Extraction
- Healthcare
- Industrial Solvent
- Adhesive Formulation
The EMR report looks into the regional markets in the global n-hexane market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Market Analysis
N-hexane is widely used as a primary solvent in industrial and chemical products such as leather, polypropylene, paint, and rubber. Increasing sales of these products are anticipated to drive the demand for n-hexane over the forecast period. The rising adoption of n-hexane in the pharmaceutical industry for shaping pills and tablets, along with its use in various synthesis and separations processes, are expected to propel the growth of the n-hexane market over the forecast period. Moreover, it offers many advantages over other solvents such as cost-effectiveness and recyclability.
Additionally, it is easy to remove from solids and oil, due to which there has been an apparent shift towards its use in various applications. Rapid urbanization, growing global population, and inflating income levels are also stimulating the demand for n-hexane. In addition to this, n-hexane is widely utilized in vegetable oil extraction as it aids in removing odour and unwanted taste. Furthermore, the growing demand for n-Hexane as a cleaning agent in various end-use industries such as cleaning and textile is likely to uplift the n-hexane market in the coming years.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global n-hexane market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Royal Dutch Shell plc
- Exxon Mobil Corporation
- GFS Chemicals, Inc.
- Junyuan Petroleum Group
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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N-Hexane Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global n-hexane market reached a volume of 1.93 million tons.
The market is expected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 2.70 million tons by 2032.
The major drivers of the market are rising disposable incomes, increasing population, growing sales of leather, polypropylene, paint, and rubber, and rising adoption of n-hexane as a cleaning agent.
The rising adoption of n-hexane in the pharmaceutical industry for shaping pills and tablets and increasing use of n-hexane in vegetable oil extraction are the major trends driving the growth of the market.
The major regions in the market are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The various applications of n-hexane in the market are edible oil extraction, healthcare, industrial solvent, and adhesive formulation, among others.
The key players in the global n-hexane market are Royal Dutch Shell plc, Exxon Mobil Corporation, GFS Chemicals, Inc., and Junyuan Petroleum Group, among others.
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