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Global n-Hexane Industry Market Dynamics & Strategic Insights 2021-2030
n-Hexane is a highly volatile hydrocarbon and an ozone precursor. Pure n-hexane occurs in crude oil in small percentages and can be isolated from a number of oil fractions from the refinery process (e.g. light and heavy naphtha, light gasoline or BTX (benzene, toluene, and xylene). For instance, n-hexane constitutes about 1-3% of unleaded gasoline. The content is less than 0.5 % in synthetic alkylate gasoline for two and four stroke engines. In other words, it is known as environment petrol, according to safety data sheets on the Danish market.
Global n-Hexane Market іѕ ѕеgmеntеd on the bаѕіѕ оf Grade (Food/Pharma Grade and Industrial Grade) and Application (Industrial Solvents, Edible Oil Extractants, Adhesives & Sealants, Paints & Coatings, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The Global n-Hexane Market wаѕ vаluеd аt USD 2097.8 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.4% frоm 2021 tо 2030.
The report on Global n-Hexane Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the global n-hexane market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global n-Hexane Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global N-Hexane Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global N-Hexane Market.
Market Dynamics:
Growing demand for n-hexane in oil & gas extraction industry owing to its properties such as transparency, easy miscibility, and low water solubility is a key factor expected to drive growth of the target market. Increasing demand for commercial hexane that contains 52% n-hexane is another factor expected to contribute significant revenue share in the target market. Additionally, the rising demand for n-hexane as a solvent in textile, shoemaking, furniture, and printing industries is a factor expected to augment growth of the global n-hexane market.
• In 2019, According to United States Department of Agriculture (USDA), the consumption of edible oils such as soybean oil and canola oil was 10,659 MT and 2,465 MT respectively.
• According to the Department for Promotion of Industry & Internal Trade, the investment value in the vegetable oil sector was around USD 240 Mn in 2019.
However, the high cost of the product and stringent regulations pertaining to environmental concern are factors that may restrain growth of the global n-hexane market during the forecast period. Furthermore, crude oil price dynamics, coupled with COVID-19 outbreak are factors which may limit the target market growth.
Increasing R&D activities and investments by prominent players are factors projected to create lucrative growth opportunities in terms of revenue for players operating in the global n-hexane market.
Segmental Analysis:
Among the grade segments, the industrial grade segment is expected to maintain its dominance in the target market owing to increasing demand for the product in various applications such as glues, varnishes, inks, and others.
Among the application segments, the edible oil extractants segment is projected to witness tremendous growth in the global n-hexane market, followed by industrial solvents and others.
Regional Analysis:
The Asia Pacific n-Hexane market is expected to register highest market share in terms of revenue and projected to grow at a rapid rate in the near future. Increasing population and demand for industrial-grade hexane in various applications in countries such as India, China, and Indonesia are factors expected to augment growth of the n-hexane in Asia Pacific region. In addition, the demand for n-hexane is increasing owing to rapid industrialization in various countries in the region is a factor expected to proliferate growth of the target market. Furthermore, North America and Europe markets are projected to register lucrative growth in the global n-Hexane market over the forthcoming years.
Global N-Hexane Market Segmentation:
Segmentation by Grade:
• Food/Pharma Grade
• Industrial Grade
Segmentation by Application:
• Industrial Solvents
• Edible Oil Extractants
• Adhesives & Sealants
• Paints & Coatings
• Other Applications
Segmentation by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players:
ExxonMobil Corporation
Phillips Chemical Company LLC
Rompetrol Rafinare S.A.
Royal Dutch Shell PLC
Sumitomo Chemical Co., Ltd.
Chevron Phillips Chemical Company
DHC Solvent Chemie GmbH
Jun Yuan Petroleum Group
Sak Chaisidhi Company Limited
Liaoning Yufeng Chemical Co., Ltd.
Dongying Liangxin Petrochemical Company
Indian Oil Corporation Limited
Bharat Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited
Global n-Hexane Market іѕ ѕеgmеntеd on the bаѕіѕ оf Grade (Food/Pharma Grade and Industrial Grade) and Application (Industrial Solvents, Edible Oil Extractants, Adhesives & Sealants, Paints & Coatings, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The Global n-Hexane Market wаѕ vаluеd аt USD 2097.8 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.4% frоm 2021 tо 2030.
The report on Global n-Hexane Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the global n-hexane market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global n-Hexane Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global N-Hexane Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global N-Hexane Market.
Market Dynamics:
Growing demand for n-hexane in oil & gas extraction industry owing to its properties such as transparency, easy miscibility, and low water solubility is a key factor expected to drive growth of the target market. Increasing demand for commercial hexane that contains 52% n-hexane is another factor expected to contribute significant revenue share in the target market. Additionally, the rising demand for n-hexane as a solvent in textile, shoemaking, furniture, and printing industries is a factor expected to augment growth of the global n-hexane market.
• In 2019, According to United States Department of Agriculture (USDA), the consumption of edible oils such as soybean oil and canola oil was 10,659 MT and 2,465 MT respectively.
• According to the Department for Promotion of Industry & Internal Trade, the investment value in the vegetable oil sector was around USD 240 Mn in 2019.
However, the high cost of the product and stringent regulations pertaining to environmental concern are factors that may restrain growth of the global n-hexane market during the forecast period. Furthermore, crude oil price dynamics, coupled with COVID-19 outbreak are factors which may limit the target market growth.
Increasing R&D activities and investments by prominent players are factors projected to create lucrative growth opportunities in terms of revenue for players operating in the global n-hexane market.
Segmental Analysis:
Among the grade segments, the industrial grade segment is expected to maintain its dominance in the target market owing to increasing demand for the product in various applications such as glues, varnishes, inks, and others.
Among the application segments, the edible oil extractants segment is projected to witness tremendous growth in the global n-hexane market, followed by industrial solvents and others.
Regional Analysis:
The Asia Pacific n-Hexane market is expected to register highest market share in terms of revenue and projected to grow at a rapid rate in the near future. Increasing population and demand for industrial-grade hexane in various applications in countries such as India, China, and Indonesia are factors expected to augment growth of the n-hexane in Asia Pacific region. In addition, the demand for n-hexane is increasing owing to rapid industrialization in various countries in the region is a factor expected to proliferate growth of the target market. Furthermore, North America and Europe markets are projected to register lucrative growth in the global n-Hexane market over the forthcoming years.
Global N-Hexane Market Segmentation:
Segmentation by Grade:
• Food/Pharma Grade
• Industrial Grade
Segmentation by Application:
• Industrial Solvents
• Edible Oil Extractants
• Adhesives & Sealants
• Paints & Coatings
• Other Applications
Segmentation by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players:
ExxonMobil Corporation
Phillips Chemical Company LLC
Rompetrol Rafinare S.A.
Royal Dutch Shell PLC
Sumitomo Chemical Co., Ltd.
Chevron Phillips Chemical Company
DHC Solvent Chemie GmbH
Jun Yuan Petroleum Group
Sak Chaisidhi Company Limited
Liaoning Yufeng Chemical Co., Ltd.
Dongying Liangxin Petrochemical Company
Indian Oil Corporation Limited
Bharat Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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