Global N-Hexane Market Growth 2024-2030

Global N-Hexane Market Growth 2024-2030

Product Code:1236494

Published Date: Nov 02,2024

Pages: 110

Region: Global

Category: Chemical & Material

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n-Hexane is a colorless, flammable liquid alkane with the chemical formula C₆H₁₄. It is a straight-chain hydrocarbon and one of the components of gasoline.

The global N-Hexane market size is projected to grow from US$ 914 million in 2024 to US$ 1115 million in 2030; it is expected to grow at a CAGR of 3.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “N-Hexane Industry Forecast” looks at past sales and reviews total world N-Hexane sales in 2023, providing a comprehensive analysis by region and market sector of projected N-Hexane sales for 2024 through 2030. With N-Hexane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world N-Hexane industry.

This Insight Report provides a comprehensive analysis of the global N-Hexane landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on N-Hexane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global N-Hexane market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for N-Hexane and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global N-Hexane.
 n-Hexane is widely used as a solvent in various industrial applications, including the extraction of vegetable oils, cleaning agents, and in the formulation of adhesives and coatings. Due to its low boiling point and volatility, it is effective in processes requiring rapid evaporation. However, exposure to n-Hexane can pose health risks, particularly to the nervous system, which has led to regulations on its use.

The most common production method of n-Hexane involves the distillation of crude oil, where it is separated into various hydrocarbon fractions. n-Hexane is typically found in the C5-C6 fraction of the distillate. This fraction is further refined through processes like fractional distillation, where n-Hexane is separated from other hydrocarbons based on differences in boiling points.

Market Drivers for n-Hexane:
Industrial Demand: n-Hexane is widely used as a solvent in the extraction of vegetable oils, particularly in the food industry. The growing demand for edible oils, especially in developing countries, is driving the need for n-Hexane in extraction processes.

Growth in Adhesives and Coatings: The increasing use of n-Hexane in the production of adhesives, coatings, and sealants across various industries—such as automotive, construction, and consumer goods—contributes significantly to market growth.

Pharmaceutical Applications: n-Hexane is utilized in the pharmaceutical industry for drug formulation and as a solvent in laboratory processes, which supports its demand as research and development activities expand.

This report presents a comprehensive overview, market shares, and growth opportunities of N-Hexane market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Purity < 60%
    60% Purity
    80% Purity
    Purity > 80%

Segmentation by Application:
    Plant Oil Extraction
    Polyolefins
    Rubber
    Paints and Coatings
    Pharmaceuticals
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Phillips 66
    Exxon Mobil
    Shell
    Bharat Petroleum
    SK Chem
    Sumitomo Chemical
    Sinopec
    CNPC
    Junyuan Petroleum Group
    Haishunde(Zhangzhou) Special Oil
    Liaoning Yufeng Chemical
    Luoyang Jinda Petrochemical

Key Questions Addressed in this Report
What is the 10-year outlook for the global N-Hexane market?
What factors are driving N-Hexane market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do N-Hexane market opportunities vary by end market size?
How does N-Hexane break out by Type, by Application?