Global Hexane Market Growth 2023-2029

Global Hexane Market Growth 2023-2029

Hexane is an alkane of six carbon atoms, with the chemical formula C6H14. The term may refer to any of the five structural isomers with that formula, or to a mixture of them. Hexane is an organic compound made of carbon and hydrogen that is most commonly isolated as a byproduct of petroleum and crude oil refinement. At room temperature it is an odorless, colorless liquid.

The major use for solvents containing hexane is to extract vegetable oils from crops such as soybeans, flax, peanuts, and safflower seed. They are also used as cleaning agents in the textile, furniture, shoemaking, and printing industries, particularly rotogravure printing. Hexane is also an ingredient of special glues that are used in the roofing, shoe, and leather industries. Hexane is used in binding books, working leather, shaping pills and tablets, canning, manufacturing tires, and making baseballs.

LPI (LP Information)' newest research report, the “Hexane Industry Forecast” looks at past sales and reviews total world Hexane sales in 2022, providing a comprehensive analysis by region and market sector of projected Hexane sales for 2023 through 2029. With Hexane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hexane industry.

This Insight Report provides a comprehensive analysis of the global 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 Hexane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hexane market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Hexane.

The global Hexane market size is projected to grow from US$ 1326.7 million in 2022 to US$ 1667.4 million in 2029; it is expected to grow at a CAGR of 1667.4 from 2023 to 2029.

China is the largest Hexane market with about 32% market share. Asia(except China) is follower, accounting for about 21% market share.

The key players are Shell, Phillips 66, Exxon Mobil, Chevron Phillips Chemical, Bharat Petroleum, SK Chem, Sumitomo, Subaru Corporation, SINOPEC, Yangzi Chemical, Yufeng Chemical, Liangxin Petrochemical, CNPC, Junyuan Petroleum, HeLiShi Petroleum, Jihua Group, Yanshan Petrochemical, ZT League Chemical etc. Top 3 companies occupied about 26% market share.

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

Market Segmentation:

Segmentation by type

N-hexane

Isohexane

Neohexane

Segmentation by application

Industrial Solvents

Edible-oil Extractant

Adhesives & Sealants

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 analyzing the company's coverage, product portfolio, its market penetration.

Shell

Phillips 66

Exxon Mobil

Chevron Phillips Chemical

Bharat Petroleum

SK Chem

Sumitomo

Subaru Corporation

SINOPEC

Yangzi Chemical

Yufeng Chemical

Liangxin Petrochemical

CNPC

Junyuan Petroleum

HeLiShi Petroleum

Jihua Group

Yanshan Petrochemical

ZT League Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hexane market?

What factors are driving Hexane market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hexane market opportunities vary by end market size?

How does Hexane break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.