Global Hexane Market by Application (Industrial Solvent, Leather Treatment, Adhesive Formulation, Edible Oil Extraction), by Grade (Polymerization, Extraction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

"Growth in the global adhesives sector to drive market"

In 2015, the global hexane market was worth more than USD 1.75 billion. This is due to expanding application possibilities and increased demand from the oil and gas extraction industry. The properties of hexane include transparency, low water solubility and easy miscibility in chloroform, alcohol, or ether. They offer exceptional performance. These characteristics are expected to propel the global hexane industry.

The global market for edible oil is expected to grow due to its increasing use in the rubber and petrochemical sectors over the next eight year. Its properties like the ability to remove undesirable taste and color preservation, as well as other undesirable food properties, are expected to increase its demand in the edible oils industry.

U.S. Hexane Market Revenue by Grade, 2014-2024 (USD Million).

Hexane-containing solvents are used to extract vegetable oils from crops like soybeans. Oil is extracted from various seed crops, including cottonseeds, mustard seeds, peanuts and flax. The oil can then be used to make food, such as soybeans, rapeseeds, rapeseeds, peanuts or flax. In the textile, shoemaking and furniture industries, solvents are used more frequently as cleaning agents.

It is being increasingly used in the pharmaceutical and healthcare industries to make tablet molds. It is used in veneers made from adhesives, lacquers and cleaners.

Hexane (also known as nhexane) is an organic compound that can be obtained from crude oil and natural gases through various thermal cracking and catalytic processes. It can be both an anthropogenic and a naturally occurring chemical. Volatility in crude oil and natural gases prices has a direct impact on its price.

The global crude oil price dynamics are affected by many factors. These include supply and demand balance, macroeconomic and geopolitical conditions around the world, currency exchange rates, as well as the current condition of the financial markets.

"Extraction grade represented the largest segment of 2015"

The global extraction grade market dominated and accounted to more than half of global revenue in 2015. Due to the high standards of development required by both the food and extract industries, the industry is expanding at a rapid pace.

The polymerization grade is gaining popularity in the industry due to its purity, precise composition, longer shelf-life, and quality that meets international standards. This grade is used in many industries, including soaps & detergents and tea-leaf processing.

"Edible oils extractants were the largest segment of 2015's application"

The dominant application was edible oil extractant, accounting for more than 35% of global volume in 2015. Hexane is being increasingly used in the edible oils industry as an oil extractant to seed crops. This segment has seen a rise in awareness about refined oil and its health effects.

The industrial solvent market is a major application area and is expected to grow at 3.0% between 2016-2024. Hexane is a popular solvent used in textiles, footwear and furniture manufacturing due to its easy miscibility and low water solubility.

The modern world has been transformed by solvents. They are an indispensable solution in a variety of industries, including printing inks, paints and coatings, adhesives and pharmaceuticals.

"Asia Pacific will continue to dominate the global market"

Asia Pacific was the fastest growing hexane region. The market is expected to grow due to increased demand for the extraction application. The regional industry will be driven by rapid industrialization and expanding healthcare facilities.

In 2015, Europe was second in production to Asia Pacific. The regional demand will be driven by moderately growing adhesive and rubber industries. Regional demand will be driven by rising demand for footwear and leather, especially from Turkey and Italy.

The recent slowdown in European economic growth is being overcome. This has had a positive impact on production. Brexit will likely slow down the economy in the near term, further impacting the industry dynamics of the region.

Due to low industrial production and high penetration, the North American market is experiencing moderate growth. This is due to a mature economy that has a declining industrial output. Due to the availability of land, skilled labor, and at a lower cost, manufacturers are moving their production plants to Asia Pacific.

"The industry has consolidated in its nature"

With the presence of few industry players, consolidation is more important than fragmentation in the hexane market. Mil-Spec Industries Corp., Environmental Equipment & Supply, GFS Chemicals, Inc., Continental Chemical, City Chemical LLC, AquaPhoenix Scientific, NOAH Technologies Corporation are key players in the global hexane market.

The industry also includes Scientific Solutions, LLC, Hukill Chemical Corp., GreenChem Industries, LLC, Hydrite Chemical Co., Dawn Scientific, Reagents, Capitol Scientific, Clear Chem Solutions, Haviland Enterprises, Inc., Del Amo Chemical Co.

Hexane Market Report Scope

These are the most frequently asked questions about this report

b. Global hexane markets were valued at USD 2.08 billion in 2019, and are expected to grow to USD 2.16 billion by 2020.

b. Global hexane markets are expected to expand at a compound annual rate of 3.4% between 2016 and 2024, reaching USD 2.36 billion in 2024.

b. Asia Pacific was the dominant market for hexane in 2019, with a 40.5% share. This can be attributed to the rapid industrialization and expanding healthcare facilities.

b. Mil-Spec Industries Corp., Environmental Equipment & Supply, GFS Chemicals, Inc., Continental Chemical, City Chemical LLC, AquaPhoenix Scientific, and NOAH Technologies Corporation are some of the key players in the hexane marketplace.

b. Market growth is driven by the expanding application range and growing demand from the oil & Gas extraction industry.

Up Market Research published a new report titled “Hexane Market research report which is segmented by Application (Industrial Solvent, Leather Treatment, Adhesive Formulation, Edible Oil Extraction), by Grade (Polymerization, Extraction), By Players/Companies City Chemical LLC, AquaPhoenix Scientific and NOAH Technologies Corporation, Continental Chemical, Inc, GFS Chemicals, Environmental Equipment & Supply, Mil-Spec Industries Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Hexane Market Report Segments:

The market is segmented by Application (Industrial Solvent, Leather Treatment, Adhesive Formulation, Edible Oil Extraction), by Grade (Polymerization, Extraction).

Hexane Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Hexane Market

Overview of the regional outlook of the Hexane Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Hexane Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Hexane Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Industrial Solvent

                2. Leather Treatment

                3. Adhesive Formulation

                4. Edible Oil Extraction

                1. Polymerization

                2. Extraction

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hexane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Hexane Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.