Hexane Market (CAGR of 3.21%) 2030: Global Industry Size, Share, Trends, Analysis Report

According to ChemAnalyst report, “Hexane Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, hexane market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 3.21% during the forecast period. Growing demand of edible oil coupled with the increasing demand of industrial solvents from the paints and adhesives industry is expected to drive the demand of hexane during the forecast period. Moreover, Availability of safer alternatives for oil extraction such as cyclohexane is expected to somehow hinder the market growth.

Read Full Report Here: https://www.chemanalyst.com/industry-report/hexane-market-610

Hexane is a colourless fluid with a relatively low and narrow boiling range. It has low odor and quick drying properties. It is able to dissolve in many organic compounds and evaporate easily which makes it good solvent and diluent for a wide range of industrial applications. Structurally hexane has three isomers including n-hexane, iso hexane and neo hexane. Out of the three, n-hexane is the most sought-after isomer of hexane. Depending upon the concentrations of n-hexane and purity there are two grades of hexane namely polymerization grade and food grade. The polymerization grade is used as a reaction medium for polymerization process. The extraction grade is used to extract edible oils which is the major application of hexane.

Read Free Sample Report Online: https://www.chemanalyst.com/ChemAnalyst/RequestForm

The key application areas for hexane include polymerization process, specialist coatings and adhesives, pharmaceutical and food extraction, industrial cleaning and degreasing, textile, and rubber manufacturing etc. Owing to the impact of COVID-19, hexane demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. Construction and automotive sectors were the most severely hit sectors during the pandemic which had an impact on paints and adhesives industry which have application of hexane as solvent. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.

Hexane is majorly related to crude oil and natural gas hence the price is linked to the variations in the prices of crude oil and natural gas. Prices are linked to the prices of the crude oil as hexane is a by-product of cracking of petroleum into gasoline.  In the first half of FY20 sudden outbreak of novel coronavirus followed by a fall in in the demand of crude oil due to nationwide lockdowns rendered a major fall in the global hexane, hence the prices remained low for hexane during the coronavirus pandemic.

Region wise, Asia Pacific region holds the major share of global demand for hexane due to growing demand for edible oils and commercial and residential construction and automotive sector. Increasing population and per capita income in emerging economies is another factor propelling demand growth for hexane in Asia Pacific.

Key Players:

  • Bharat Petroleum Corporation Limited
  • HPCL
  • Indian Oil Corporation Ltd
  • Exxon Mobil Corporation
  • Jun Yuan Petroleum Group
  • Merck KGaA
  • Liaoning Yufeng Chemical Co. Ltd
  • Phillips 66 Company
  • Royal Dutch Shell Plc
  • Rompetrol-Rafinare
  • Sumitomo Chemical Co.,Ltd., and Others.

“Having endues application in Food industry, the hexane industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities for hexane. Major players are anticipating that there will be sufficient demand supply gaps in the future given that the global population is on the rise at a steady rate which will rise the demand for edible oils which require hexane for extraction.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

Report Scope:

In this report, global hexane market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

AttributeDetails
Growth RateCAGR of 3.21 from 2021 to 2030
Base year for estimation2020
Historic Data2015 â€“ 2019
Forecast period2022 – 2030
Quantitative unitsRevenue in USD million/billion and CAGR from 2021 to 2030
Report coverageRevenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments coveredEnd Use (Construction, Automotive, Food, Rubber Processing, Textile.)Application (Polymerization Process, Specialist Coatings and Adhesives, Pharmaceutical and Food Extraction, Industrial Cleaning and Degreasing, Textile and Rubber Manufacturing)Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scopeNorth America; Europe; Asia Pacific; South America; Middle East & Africa
Country scopeUnited States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Saudi Arabia; South Africa; Brazil;
Key companies profiledBharat Petroleum Corporation Limited, HPCL, Indian Oil Corporation Ltd, Exxon Mobil Corporation, Jun Yuan Petroleum Group, Merck KGaA, Liaoning Yufeng Chemical Co. Ltd, Phillips 66 Company, Royal Dutch Shell Plc, Rompetrol-Rafinare, Sumitomo Chemical Co., Ltd., and Others
Customization scopeFree report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase options

1. Global Hexane Market Outlook, 2015-2030

1.1.   Capacity, By Volume

1.1.1. By Region

1.2.   Production

1.2.1. By Region

1.3.   Operating Efficiency

1.3.1. By Region

2.      Global Hexane Demand Outlook, 2015-2030, By Volume

2.1.   By Application (Polymerization Process, Specialist Coatings and Adhesives, Pharmaceutical and Food Extraction, Industrial Cleaning and Degreasing, Textile and Rubber Manufacturing)

2.2.   By End Use (Construction, Automotive, Food, Rubber Processing, Textile)

2.3.   By Region

2.4.   By Company

3.      North America Hexane Market Outlook, 2015-2030

3.1.   Capacity, By Volume

3.1.1. By Country

3.2.   Production

3.2.1. By Country

3.3.   Operating Efficiency

3.3.1. By Country

4.      North America Hexane Demand Outlook, 2015-2030, By Volume

4.1.   By Application

4.2.   By End Use

4.3.   By Country

4.4.   United States Hexane Market Outlook, 2015-2030

4.4.1. Capacity, By Volume

4.4.1.1.             By Company

4.4.1.2.             By Location

4.4.2. Production

4.4.2.1.             By Company

4.4.3. Operating Efficiency

View Detail TOC @ https://www.chemanalyst.com/industry-report/hexane-market-610

Browse Related Reports

India n-Hexane Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030

https://www.chemanalyst.com/industry-report/india-n-hexane-market-46

India LPG Market Analysis Plant Capacity, Production, Operating Efficiency, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export, 2015-2030

https://www.chemanalyst.com/industry-report/india-lpg-market-221

About Us      

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

For more information, please visit us at www.chemanalyst.com

Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523948

Mob: +91-8882336899

Email: [email protected]