Global Hexane Market Size, Forecasts, And Opportunities
Learn about the global hexane market through The Business Research Company, which provides information on hexane market size, hexane market drivers and restraints, hexane market players, the COVID-19 impact on the hexane market, and more.
The global hexane market is expected to grow from $1.68 billion in 2020 to $1.73 billion in 2021 at a compound annual growth rate (CAGR) of 2.7%. The growth in the hexane market is mainly due to the increasing production of edible oil, prevailing use in rubber and petrochemical industry, rising demand for hexanes for various consumer products including glues, gasoline, rising purchasing power of consumers and favourable government initiatives. The market is expected to reach $2.18 billion in 2025 at a CAGR of 6%.
The increasing production of edible oil is expected to drive innovation in hexane, thus driving the market during the forecast period.
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The hexane market consists of sales of hexane by entities (organizations, sole traders, and partnerships) that are engaged in the production of hexane. Hexane is a colorless, flammable liquid that is used as a solvent and is created from the distillation of petroleum. It is commonly used as a non-polar solvent that is very volatile, inexpensive, generally safe, and easily evaporated.
Global hexane market segments include:
By Type: N-Hexane, Isohexane, Neohexane
By Grade: Polymer Grade, Food Grade, Other Grades
By Application: Industrial Solvents, Edible Oil Extractant, Adhesives and Sealants, Paints and Coatings, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the hexane market in 2020.
Increasing investments are shaping the hexane market in recent times. Major companies operating in the hexane sector are focused on investments to improve energy efficiency and minimize the environmental effect.
TBRC’s hexane market report covers:
Major Market Players: Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Sumitomo Chemical Co, Mil-Spec Industries Corp, GFS Chemicals, China Petroleum & Chemical Corporation (Sinopec Corp), Rompetrol S.A., Junyuan Petroleum Group, AquaPhoenix Scientific, and Hindustan Petroleum Corporation Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Hexane Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides hexane market overviews, analyzes and forecasts market size, share, hexane market players, hexane market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s hexane market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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