Hexane Market Size, Share & Trends Analysis By Grade (Polymerization, Extraction, Others), By Application (Edible Oil Treatment, Industrial Solvent, Adhesives Formulation, Leather Treatment, Others), By Region, And Segment Forecasts, 2023 - 2030

Hexane Market Size, Share & Trends Analysis By Grade (Polymerization, Extraction, Others), By Application (Edible Oil Treatment, Industrial Solvent, Adhesives Formulation, Leather Treatment, Others), By Region, And Segment Forecasts, 2023 - 2030


Hexane Market Growth & Trends


The global Hexane market size is expected to reach USD 2.87 billion by 2030 registering a CAGR of 3.5%, according to a new report by Grand View Research, Inc. The growth of oil extraction industry is expected to remain a key factor driving the global hexane market over the forecast period.

Growing use of hexane across key end-use industries such as rubber and petrochemical is anticipated to boost the global market over the next eight years. It is extensively used as a special purpose solvent and as an oil extractant in industries such as printing, textiles, and leather.

Extraction emerged as the dominant grade owing to its wider applicability and demand from growing edible oil industry. The grade accounted for over 55% of the overall consumption in 2015. Edible oil demand has been witnessing significant growth for the past few years owing to increasing consumption of fried food.

Factors such as rising purchasing power of consumers along with evolving dietary habits have led to a shift in consumer preference towards consuming healthy edible oils. This is expected to drive the growth of the global edible oils market during the forecast period making edible oil extractant the dominant hexane application.

Hexane Market Report Highlights

  • Polymerization grade is expected to witness growth owing to the superior chemical and physical properties required in key end-use industries such as waste water treatment
  • Edible oil treatment and industrial solvents were the major applications of hexane and these segments collectively accounted
  • Adhesive formulation application is expected to be among the fastest growing segment owing to the increasing opportunities for the market to expand as manufacturers seek enhanced performance requirements for bonding application
  • Asia Pacific is expected to be the fastest growing market for over the forecast period. Rapid industrialization and urbanization, particularly in China, India, and South East Asian countries are expected to drive the regional growth
  • Safer and cleaner substitutes are being made available commercially for particular applications. For instance, water based cleaners are expected to replace hexane and other related solvents in the auto repair industry and other industries where precision cleaning is of utmost importance
  • Industry competition is characterized by production capacities of the companies. Forward integration along the value chain provides companies with opportunities to increase their reach to customers
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Grade
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Grade outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Hexane Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Hexane Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Hexane: Grade Estimates & Trend Analysis
5.1. Hexane Market: Key Takeaways
5.2. Hexane Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Polymerization
5.3.1. Polymerization market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.4. Extraction
5.4.1. Extraction market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.5. Others
5.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 6. Hexane: Application Estimates & Trend Analysis
6.1. Hexane Market: Key Takeaways
6.2. Hexane Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Edible Oil Treatment
6.3.1. Edible oil treatment market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.4. Adhesives Formulation
6.4.1. Adhesives formulation market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.5. Industrial Solvent
6.5.1. Industrial solvent market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.6. Leather Treatment
6.6.1. Leather treatment market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.7. Others
6.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 7. Hexane Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Hexane Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4. Europe
7.4.1. Germany
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4.2. UK
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4.6. Russia
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.4.7. Netherlands
7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.5.5. Southeast Asia
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.6. Central & South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
7.7.3. UAE
7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. Exxon Mobil Corporation
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Grade benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Shell Chemicals
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Grade benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Chevron Phillips Chemical Company LLC.
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Grade benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Bharat Petroleum Corporation Limited
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Grade benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Sumitomo Chemical Co., Ltd.
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Grade benchmarking
8.2.5.4. Strategic initiatives
8.2.6. GFS Chemicals, Inc.
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Grade benchmarking
8.2.6.4. Strategic initiatives
8.2.7. China Petroleum & Chemical Corporation
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Grade benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Junyuan Petroleum
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Grade benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Idemitsu Kosan Co.,Ltd.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Grade benchmarking
8.2.9.4. Strategic initiatives
8.2.10. TotalEnergies
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Grade benchmarking
8.2.10.4. Strategic initiatives

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