Global Hexane Market Size, Share & Industry Trends Analysis Report By Grade, By Application (Industrial Solvent, Edible Oil Treatment, Adhesives Formulation, Leather Treatment, and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Hexane Market Size, Share & Industry Trends Analysis Report By Grade, By Application (Industrial Solvent, Edible Oil Treatment, Adhesives Formulation, Leather Treatment, and Others), By Regional Outlook and Forecast, 2023 - 2030


The Global Hexane Market size is expected to reach $2.6 billion by 2030, rising at a market growth of 3.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1142.04 Kilo Tonnes, experiencing a growth of 2.2% (2019-2022).

Hexane is extensively used to extract vegetable oils from oilseeds such as soybeans, canola, sunflower, and palm. Thus, the Edible Oil Treatment segment acquired $593.57 million in 2022. It serves as a solvent in extraction, effectively separating oil from the raw material. Hexane's selective solubility allows it to dissolve non-polar compounds, facilitating the efficient extraction of oils from oilseeds. This selective property contributes to achieving a high oil yield with a relatively pure composition. Hexane's role in the extraction and refining processes contributes to producing healthier cooking oils. Removing impurities and undesirable components enhances the nutritional profile of the oils, meeting the growing demand for healthier food choices. Some of the factors impacting the market are advancements in textile and leather industries, increasing infrastructure development projects, and increasing environmental and regulatory challenges.

Hexane is used in the spinning and extrusion processes to degrease and clean fibers. It helps remove impurities, oils, and waxes from natural and synthetic fibers, ensuring the production of high-quality yarns. In producing specialty fibers, such as acrylic and nylon, hexane is a solvent in various stages. Its ability to dissolve certain substances contributes to creating specialized textile materials. Hexane is employed in the degreasing and cleaning processes of raw hides. It effectively removes fats, oils, and other impurities from the hides, preparing them for further treatment. Hexane is utilized in the tanning process to dissolve tanning agents, allowing for their effective penetration into the leather structure. This is crucial for transforming raw hides into durable and usable leather. Additionally, Hexane is a crucial component in the formulation of adhesives and sealants used in construction. These materials are essential for bonding various construction elements, including flooring, tiles, and insulation. As infrastructure development projects, including residential, commercial, and industrial construction, increase globally, the demand for adhesives and sealants formulated with hexane grows correspondingly. Hexane is used as a blowing agent in the production of polyurethane foam. This foam is widely used in construction for insulation, contributing to building energy efficiency. These products protect structures from water damage and enhance their longevity. Increasing infrastructure development projects have been a pivotal factor in driving the growth of the hexane market.

However, hexane is traditionally derived from petroleum, raising environmental concerns due to its association with fossil fuels. This has led to increased scrutiny from environmental regulators and a push for sustainable alternatives. Hexane can release volatile organic compounds during use, contributing to air pollution and significant health hazards. This aspect raises environmental and regulatory challenges for industries using hexane. Hexane releases volatile organic compounds (VOCs) during use, contributing to air pollution. Increased awareness of air quality and its impact on health can lead to stricter emissions standards and controls. VOC emissions from hexane may pose health risks to workers and nearby communities. This concern may lead to regulatory actions and public scrutiny, affecting the social license to operate for industries using hexane. Consumer activism and social media can amplify these concerns, damaging brands. Increasing environmental and regulatory challenges is a significant challenge that hampers the growth of market.

Grade Outlook

By grade, the market is categorized into polymerization, extraction, and others. The polymerization segment covered a considerable revenue share in the market in 2022. One of the prominent uses of hexane in the polymer industry is in producing polyethylene, a widely used plastic. Ethylene monomers are polymerized to create polyethylene. Hexane is often used as a solvent in the polymerization process, aiding in the separation and purification of polyethylene. The production of synthetic rubber involves the polymerization of monomers like butadiene or styrene-butadiene mixtures. Hexane is also involved in formulating adhesives and coatings, where polymers play a crucial role. Polymerization processes create polymers used in various adhesive and coating applications.

Application Outlook

Based on application, the market is classified into edible oil treatment, industrial solvent, adhesives formulation, leather treatment, and others. The edible oil treatment segment acquired a substantial revenue share in the market in 2022. Hexane is extensively used to extract vegetable oils from oilseeds such as soybeans, canola, sunflower, and palm. It serves as a solvent in extraction, effectively separating oil from the raw material. Hexane's selective solubility allows it to dissolve non-polar compounds, facilitating the efficient extraction of oils from oilseeds. This selective property contributes to achieving a high oil yield with a relatively pure composition. Hexane's role in the extraction and refining processes contributes to producing healthier cooking oils. Removing impurities and undesirable components enhances the nutritional profile of the oils, meeting the growing demand for healthier food choices.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. The chemical and petrochemical industries in Asia Pacific have experienced substantial growth. Hexane is crucial in these sectors, particularly in aromatics extraction and as a solvent in various chemical processes in the Asia Pacific region. Using hexane in chemical processes results in intermediates and end products utilized in plastics, resins, and other manufacturing applications. Asia Pacific has become a major hub for manufacturing.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Exxon Mobil Corporation, Shell plc, Chevron Phillips Chemical Company LLC, Sumitomo Electric Industries, Ltd., China Petrochemical Corporation (Sinopec Group), Total Energies SE, Indian Oil Corporation Ltd., Honeywell International, Inc., Arham Petrochem Private Limited, and Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)

Scope of the Study

Market Segments covered in the Report:

By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Extraction
  • Polymerization
  • Others
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Industrial Solvent
  • Edible Oil Treatment
  • Adhesives Formulation
  • Leather Treatment
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Exxon Mobil Corporation
  • Shell plc
  • Chevron Phillips Chemical Company LLC
  • Sumitomo Electric Industries, Ltd.
  • China Petrochemical Corporation (Sinopec Group)
  • TotalEnergies SE
  • Indian Oil Corporation Ltd.
  • Honeywell International, Inc.
  • Arham Petrochem Private Limited
  • Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Hexane Market, by Grade
1.4.2 Global Hexane Market, by Application
1.4.3 Global Hexane Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Global Hexane Market by Grade
4.1 Global Extraction Market by Region
4.2 Global Polymerization Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Hexane Market by Application
5.1 Global Industrial Solvent Market by Region
5.2 Global Edible Oil Treatment Market by Region
5.3 Global Adhesives Formulation Market by Region
5.4 Global Leather Treatment Market by Region
5.5 Global Others Market by Region
Chapter 6. Global Hexane Market by Region
6.1 North America Hexane Market
6.1.1 North America Hexane Market by Grade
6.1.1.1 North America Extraction Market by Country
6.1.1.2 North America Polymerization Market by Country
6.1.1.3 North America Others Market by Country
6.1.2 North America Hexane Market by Application
6.1.2.1 North America Industrial Solvent Market by Country
6.1.2.2 North America Edible Oil Treatment Market by Country
6.1.2.3 North America Adhesives Formulation Market by Country
6.1.2.4 North America Leather Treatment Market by Country
6.1.2.5 North America Others Market by Country
6.1.3 North America Hexane Market by Country
6.1.3.1 US Hexane Market
6.1.3.1.1 US Hexane Market by Grade
6.1.3.1.2 US Hexane Market by Application
6.1.3.2 Canada Hexane Market
6.1.3.2.1 Canada Hexane Market by Grade
6.1.3.2.2 Canada Hexane Market by Application
6.1.3.3 Mexico Hexane Market
6.1.3.3.1 Mexico Hexane Market by Grade
6.1.3.3.2 Mexico Hexane Market by Application
6.1.3.4 Rest of North America Hexane Market
6.1.3.4.1 Rest of North America Hexane Market by Grade
6.1.3.4.2 Rest of North America Hexane Market by Application
6.2 Europe Hexane Market
6.2.1 Europe Hexane Market by Grade
6.2.1.1 Europe Extraction Market by Country
6.2.1.2 Europe Polymerization Market by Country
6.2.1.3 Europe Others Market by Country
6.2.2 Europe Hexane Market by Application
6.2.2.1 Europe Industrial Solvent Market by Country
6.2.2.2 Europe Edible Oil Treatment Market by Country
6.2.2.3 Europe Adhesives Formulation Market by Country
6.2.2.4 Europe Leather Treatment Market by Country
6.2.2.5 Europe Others Market by Country
6.2.3 Europe Hexane Market by Country
6.2.3.1 Germany Hexane Market
6.2.3.1.1 Germany Hexane Market by Grade
6.2.3.1.2 Germany Hexane Market by Application
6.2.3.2 UK Hexane Market
6.2.3.2.1 UK Hexane Market by Grade
6.2.3.2.2 UK Hexane Market by Application
6.2.3.3 France Hexane Market
6.2.3.3.1 France Hexane Market by Grade
6.2.3.3.2 France Hexane Market by Application
6.2.3.4 Russia Hexane Market
6.2.3.4.1 Russia Hexane Market by Grade
6.2.3.4.2 Russia Hexane Market by Application
6.2.3.5 Spain Hexane Market
6.2.3.5.1 Spain Hexane Market by Grade
6.2.3.5.2 Spain Hexane Market by Application
6.2.3.6 Italy Hexane Market
6.2.3.6.1 Italy Hexane Market by Grade
6.2.3.6.2 Italy Hexane Market by Application
6.2.3.7 Rest of Europe Hexane Market
6.2.3.7.1 Rest of Europe Hexane Market by Grade
6.2.3.7.2 Rest of Europe Hexane Market by Application
6.3 Asia Pacific Hexane Market
6.3.1 Asia Pacific Hexane Market by Grade
6.3.1.1 Asia Pacific Extraction Market by Country
6.3.1.2 Asia Pacific Polymerization Market by Country
6.3.1.3 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Hexane Market by Application
6.3.2.1 Asia Pacific Industrial Solvent Market by Country
6.3.2.2 Asia Pacific Edible Oil Treatment Market by Country
6.3.2.3 Asia Pacific Adhesives Formulation Market by Country
6.3.2.4 Asia Pacific Leather Treatment Market by Country
6.3.2.5 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Hexane Market by Country
6.3.3.1 China Hexane Market
6.3.3.1.1 China Hexane Market by Grade
6.3.3.1.2 China Hexane Market by Application
6.3.3.2 Japan Hexane Market
6.3.3.2.1 Japan Hexane Market by Grade
6.3.3.2.2 Japan Hexane Market by Application
6.3.3.3 India Hexane Market
6.3.3.3.1 India Hexane Market by Grade
6.3.3.3.2 India Hexane Market by Application
6.3.3.4 South Korea Hexane Market
6.3.3.4.1 South Korea Hexane Market by Grade
6.3.3.4.2 South Korea Hexane Market by Application
6.3.3.5 Singapore Hexane Market
6.3.3.5.1 Singapore Hexane Market by Grade
6.3.3.5.2 Singapore Hexane Market by Application
6.3.3.6 Malaysia Hexane Market
6.3.3.6.1 Malaysia Hexane Market by Grade
6.3.3.6.2 Malaysia Hexane Market by Application
6.3.3.7 Rest of Asia Pacific Hexane Market
6.3.3.7.1 Rest of Asia Pacific Hexane Market by Grade
6.3.3.7.2 Rest of Asia Pacific Hexane Market by Application
6.4 LAMEA Hexane Market
6.4.1 LAMEA Hexane Market by Grade
6.4.1.1 LAMEA Extraction Market by Country
6.4.1.2 LAMEA Polymerization Market by Country
6.4.1.3 LAMEA Others Market by Country
6.4.2 LAMEA Hexane Market by Application
6.4.2.1 LAMEA Industrial Solvent Market by Country
6.4.2.2 LAMEA Edible Oil Treatment Market by Country
6.4.2.3 LAMEA Adhesives Formulation Market by Country
6.4.2.4 LAMEA Leather Treatment Market by Country
6.4.2.5 LAMEA Others Market by Country
6.4.3 LAMEA Hexane Market by Country
6.4.3.1 Brazil Hexane Market
6.4.3.1.1 Brazil Hexane Market by Grade
6.4.3.1.2 Brazil Hexane Market by Application
6.4.3.2 Argentina Hexane Market
6.4.3.2.1 Argentina Hexane Market by Grade
6.4.3.2.2 Argentina Hexane Market by Application
6.4.3.3 UAE Hexane Market
6.4.3.3.1 UAE Hexane Market by Grade
6.4.3.3.2 UAE Hexane Market by Application
6.4.3.4 Saudi Arabia Hexane Market
6.4.3.4.1 Saudi Arabia Hexane Market by Grade
6.4.3.4.2 Saudi Arabia Hexane Market by Application
6.4.3.5 South Africa Hexane Market
6.4.3.5.1 South Africa Hexane Market by Grade
6.4.3.5.2 South Africa Hexane Market by Application
6.4.3.6 Nigeria Hexane Market
6.4.3.6.1 Nigeria Hexane Market by Grade
6.4.3.6.2 Nigeria Hexane Market by Application
6.4.3.7 Rest of LAMEA Hexane Market
6.4.3.7.1 Rest of LAMEA Hexane Market by Grade
6.4.3.7.2 Rest of LAMEA Hexane Market by Application
Chapter 7. Company Profiles
7.1 Exxon Mobil Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 Shell plc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Chevron Phillips Chemical Company LLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Recent strategies and developments:
7.3.3.1 Partnerships, Collaborations, and Agreements:
7.3.3.2 Geographical Expansions:
7.3.4 SWOT Analysis
7.4 Sumitomo Electric Industries, Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 China Petrochemical Corporation (Sinopec Group)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Research & Development Expenses
7.5.4 SWOT Analysis
7.6 TotalEnergies SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.6 SWOT Analysis
7.7 Indian Oil Corporation Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Honeywell International, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Arham Petrochem Private Limited
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
7.10.1 Company Overview
7.10.2 SWOT Analysis
Chapter 8. Winning Imperative for Hexane Market

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