Hexane Market by Type (Iso-Hexane, n-Hexane, Neo-Hexane), Grade (Food Grade, Polymer Grade), Application - Global Forecast 2024-2030

Hexane Market by Type (Iso-Hexane, n-Hexane, Neo-Hexane), Grade (Food Grade, Polymer Grade), Application - Global Forecast 2024-2030


The Hexane Market size was estimated at USD 2.25 billion in 2023 and expected to reach USD 2.37 billion in 2024, at a CAGR 5.37% to reach USD 3.25 billion by 2030.Hexane is a highly flammable and volatile organic compound often utilized as a solvent for extracting vegetable oils, medicines, and industrial chemicals; however, its molecular structure and physical properties differ. The rising demand for hexane in the edible oil industry drives the market due to its superior extraction capabilities and gains from increased utilization of high-efficiency solvents in paints & coatings. However, health concerns associated with exposure can restrain market growth, whereas an increasing preference for green alternatives poses challenges within certain industries. Nevertheless, there are potential opportunities with advancements and government investments toward better production processes, including innovative polymer and food-grade products.Regional InsightsHexane has gained popularity over the last few years due to its applicability as a special-purpose solvent, and oil extractant in various industries, including edible oil, printing, textiles, leather, paints, and rubber across North America, Europe, Asia-Pacific, and rest of the world. Asia-Pacific has dominated the market for the last few years, with China, India, and Indonesia as major hexane producers. Rapid industrialization coupled with expanding healthcare facilities across these nations is expected to fuel the hexane market in the region. Moreover, significantly growing rubber and adhesive industries in the UK and Germany are expected to drive the demand for hexane. Rising demand for footwear and leather, particularly from Italy and Turkey, is anticipated to boost the market across Europe and the Middle East. At the same time, the North American market is witnessing moderate growth due to dwindling industrial production and high penetration leading to a relatively mature economy in the U.S. Manufacturers are shifting their production facilities in the Asia-Pacific owing to the availability of land and skilled labor at a comparatively lower cost.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Hexane Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Hexane Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Hexane Market, highlighting leading vendors and their innovative profiles. These include AquaPhoenix Scientific, LLC, Arham Petrochem Private Limited, Arkem Kimya San. Tic. A.Ş, Asahi Kasei Corporation, Avantor, Inc., BASF SE, Bharat Petroleum Corporation Limited, Biosolve Chimie, France, Bitolea S.P.A., Capitol Scientific, Inc., ChemSupply Australia, China Petrochemical Corporation, Continental Industries Group, Inc.., Datta Hydro Chem Private Limited, Dawn Scientific Inc., Del Amo Chemical Company, Dubi Chem Marine International, Evonik Industries AG, Exxon Mobil Corporation, G.J. Chemical, Gadiv Petrochemical Industries Ltd., GFS Chemicals, Inc., GreenChem Industries, LLC, Haltermann Carless Group, Hindustan Petroleum Corporation Limited, Honeywell International Inc., Hridaan Pharma Chem, Hwatsi Chemical Pvt. Ltd., Hydrite Chemical Co., Indian Oil Corporation Limited, Jun Yuan Petroleum Group, Liaoning Yufeng Chemical Co., Ltd., Mehta Petro Refineries Ltd., Merck KGaA, Mercury Chemicals Pte Ltd., Möller Chemie GmbH & Co. KG, Noah Chemicals, Inc., Oberoi Refining Industry Pvt.ltd., Obetech Pacific Sdn. Bhd., Otto Chemie Pvt. Ltd., Phillips 66 Company, Rompetrol Rafinare by KMG International N.V., Shell PLC, Spectrum Laboratory Products, Inc., Sumitomo Chemical Co., Ltd., Tedia Company, Inc., Toray Industries, Inc., TotalEnergies SE, and United Initiators GmbH.

Market Segmentation & Coverage



This research report categorizes the Hexane Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Iso-Hexane
n-Hexane
Neo-Hexane
Grade
Food Grade
Polymer Grade
Application
Oil Extraction
Pharmaceuticals
Polymerization
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Hexane Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Hexane Market?
3. What are the technology trends and regulatory frameworks in the Hexane Market?
4. What is the market share of the leading vendors in the Hexane Market?
5. Which modes and strategic moves are suitable for entering the Hexane Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Hexane Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising demand for hexane in the edible oil industry to enhance oil extraction
5.1.1.2. Significant benefits and increased demand for high-efficiency solvents in the paints & coatings industry
5.1.1.3. Applications of hexane in the rubber and petrochemical industry owing to its exceptional performance characteristics
5.1.2. Restraints
5.1.2.1. Health concerns associated with physical exposure to hexane
5.1.3. Opportunities
5.1.3.1. Increased emphasis on continuous improvements in production processes
5.1.3.2. Launch of innovative polymer and food grade hexane products
5.1.4. Challenges
5.1.4.1. Inclination of end-use industries towards green solvents and availability of alternate solvents
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Hexane Market, by Type
6.1. Introduction
6.2. Iso-Hexane
6.3. n-Hexane
6.4. Neo-Hexane
7. Hexane Market, by Grade
7.1. Introduction
7.2. Food Grade
7.3. Polymer Grade
8. Hexane Market, by Application
8.1. Introduction
8.2. Oil Extraction
8.3. Pharmaceuticals
8.4. Polymerization
9. Americas Hexane Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Hexane Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Hexane Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Agreement, Collaboration, & Partnership
12.3.1.1. Chennai Petroleum board okays JV for 9 MMTPA refinery project worth ₹31,580 cr.
12.3.2. New Product Launch & Enhancement
12.3.2.1. ChemIndia Connect B2B chemical portal launches vast range of chemical categories and products.
12.3.3. Investment & Funding
12.3.3.1. Eco-modernization in Romania: Rompetrol invests $4.2 million to modernize oil refinery.
12.3.4. Award, Recognition, & Expansion
12.3.4.1. DGFT removes requirement of BIS certification for import of ‘Hexane, Food Grade.
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. AquaPhoenix Scientific, LLC
13.1.2. Arham Petrochem Private Limited
13.1.3. Arkem Kimya San. Tic. A.Ş
13.1.4. Asahi Kasei Corporation
13.1.5. Avantor, Inc.
13.1.6. BASF SE
13.1.7. Bharat Petroleum Corporation Limited
13.1.8. Biosolve Chimie, France
13.1.9. Bitolea S.P.A.
13.1.10. Capitol Scientific, Inc.
13.1.11. ChemSupply Australia
13.1.12. China Petrochemical Corporation
13.1.13. Continental Industries Group, Inc..
13.1.14. Datta Hydro Chem Private Limited
13.1.15. Dawn Scientific Inc.
13.1.16. Del Amo Chemical Company
13.1.17. Dubi Chem Marine International
13.1.18. Evonik Industries AG
13.1.19. Exxon Mobil Corporation
13.1.20. G.J. Chemical
13.1.21. Gadiv Petrochemical Industries Ltd.
13.1.22. GFS Chemicals, Inc.
13.1.23. GreenChem Industries, LLC
13.1.24. Haltermann Carless Group
13.1.25. Hindustan Petroleum Corporation Limited
13.1.26. Honeywell International Inc.
13.1.27. Hridaan Pharma Chem
13.1.28. Hwatsi Chemical Pvt. Ltd.
13.1.29. Hydrite Chemical Co.
13.1.30. Indian Oil Corporation Limited
13.1.31. Jun Yuan Petroleum Group
13.1.32. Liaoning Yufeng Chemical Co., Ltd.
13.1.33. Mehta Petro Refineries Ltd.
13.1.34. Merck KGaA
13.1.35. Mercury Chemicals Pte Ltd.
13.1.36. Möller Chemie GmbH & Co. KG
13.1.37. Noah Chemicals, Inc.
13.1.38. Oberoi Refining Industry Pvt.ltd.
13.1.39. Obetech Pacific Sdn. Bhd.
13.1.40. Otto Chemie Pvt. Ltd.
13.1.41. Phillips 66 Company
13.1.42. Rompetrol Rafinare by KMG International N.V.
13.1.43. Shell PLC
13.1.44. Spectrum Laboratory Products, Inc.
13.1.45. Sumitomo Chemical Co., Ltd.
13.1.46. Tedia Company, Inc.
13.1.47. Toray Industries, Inc.
13.1.48. TotalEnergies SE
13.1.49. United Initiators GmbH
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. HEXANE MARKET RESEARCH PROCESS
FIGURE 2. HEXANE MARKET SIZE, 2023 VS 2030
FIGURE 3. HEXANE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. HEXANE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. HEXANE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. HEXANE MARKET DYNAMICS
FIGURE 7. HEXANE MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. HEXANE MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. HEXANE MARKET SIZE, BY GRADE, 2023 VS 2030 (%)
FIGURE 10. HEXANE MARKET SIZE, BY GRADE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. HEXANE MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. HEXANE MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS HEXANE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS HEXANE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES HEXANE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES HEXANE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC HEXANE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC HEXANE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA HEXANE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA HEXANE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. HEXANE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. HEXANE MARKET SHARE, BY KEY PLAYER, 2023

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