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Hexane Market, Industry Size Forecast [Latest]
2026-04-24 · via Market Research Reports

Hexane Market by Type (N-hexane, Isohexane, and Neohexane), Grade (Oil Extraction/Food, Pharmaceutical, and Industrial), Application (Oil Extraction, Pharmaceutical, Industrial Cleaning & Degreasing, Polymerization), and Region - Global Forecast to 2031

icon1

USD 3.64 BN

MARKET SIZE,

icon2

CAGR 4.3%

(2026-2031)

icon3

250

REPORT PAGES

icon4

200

MARKET TABLES

OVERVIEW

hexane-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The global hexane market is projected to grow from USD 2.95 billion in 2026 to USD 3.64 billion by 2031, at a CAGR of 4.3% during the forecast period. Hexane is a term used to describe a group of volatile solvent extracts of petroleum, which can be used for their high solvency properties as oil-separating agents or as cleansers for industrial machinery and equipment. Various forms of hexanes are available (such as n-Hexane, isohexane, and neohexane), which have different properties accordingly. The major category of demand for hexanes is the extraction of edible oils from natural sources, where large quantities need to be processed simultaneously at maximum speed. Demand is also driven by the arrival of higher-grade, higher-purity hexanes in the pharmaceutical market, as well as in industrial cleaning/degreasing for manufacturing and engineering markets. Investment in plastics and polymers production is also a source of stable growth.

KEY TAKEAWAYS

  • BY REGION

    The Asia Pacific region is expected to register the highest CAGR (5.3%) during the forecast period.

  • BY GRADE

    By grade, the pharmaceutical grade segment is projected to grow at the highest CAGR (5.6%) during the forecast period.

  • BY APPLICATION

    By application, the polymerization segment is projected to register the highest CAGR (5.1%) during the forecast period.

  • BY TYPE

    By type, the N-hexane segment is expected to dominate the market.

  • Competitive Landscape - Key Players

    China Petrochemical Corporation (Sinopec), Shell plc., ExxonMobil Corporation, and Chevron Phillips Chemical Company were identified as leading players in the hexane market, given their strong market share and product portfolios.

  • Competitive Landscape - Startups

    Liaoning Yufeng Chemical Co., Ltd., Arham Petrochem Private Limited, GFS Chemicals, Noah Chemicals, and Muby Chemicals, among others, have become leading startups or SMEs by identifying niche gaps early and delivering solutions that precisely match unmet customer needs. Their agility, faster decision-making, and continuous innovation allow them to outperform larger, less flexible competitors.

The hexane market comprises specialty solvents used to support efficient manufacturing and enhance performance across industrial applications. The market is segmented based on region, grade, application, and type. By region, Asia Pacific continues to lead demand, driven by industrialization in key sectors. By grade, industrial-grade supports consistent use for cost-effective processing. From an application view, polymerization aids material flexibility and efficiency in rubber and plastics. By type, n-hexane reflects preference for safer, high-performance options amid regulatory focus. End users in automotive, construction, and manufacturing rely on hexane as a critical component. Growth is driven by expanding activity, rising consumption, and formulation upgrades, positioning hexane as integral to industrial workflows.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The impact on consumers' businesses arises from evolving customer trends or market disruptions. Megatrends such as sustainability and digital transformation, alongside disruptions such as AI, supply chain localization, and the energy transition, are significantly reshaping customer priorities and business models. Traditionally, revenue mixes were dominated by legacy products and processes focused on volume and cost. Today, customers are shifting toward high-margin, innovation-driven, and sustainable solutions to remain competitive and future-proof. This transition is prompting businesses to adapt quickly, invest in cleaner technologies, and enhance agility, with suppliers expected to deliver compliant, efficient, and tech-enabled offerings that align with evolving market demands.

hexane-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers

Impact
Level

  • Strong growth momentum in Asia Pacific driven by expanding food processing, rapid urbanization, industrial development, and robust demand from edible oil sector
  • Rising utilization across pharmaceuticals, adhesives, and polymer processing applications

RESTRAINTS

Impact
Level

  • Gradual transition toward environmentally friendly and green solvent alternatives

OPPORTUNITIES

Impact
Level

  • Increase in demand for solvent in paints & coatings sector

CHALLENGES

Impact
Level

  • Concerns related to flammability and toxicity impacting handling and usage
  • Volatility in crude oil prices

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Hexane has become the solvent of choice in the extraction of edible oils from oilseeds such as soybean, sunflower, rapeseed, cottonseed and palm, owing to its ideal combination of high oil solubility, low boiling point and ease of recovery, thus making the process both economically viable and commercially feasible for large amounts of oil. It is very manageable in closed-loop systems and is easily recycled for continuous use without degradation. Its fate as a food extractant remains intact, as food-grade hexane would be used under regulated pressure and temperature conditions, with limits on residual solvent content. Asia Pacific accounts for a large share of the increased demand and growth for hexane due to the rapid increase in urbanization, increased food processing industries, and an expanding demand in edible oils in the region. Currently, the demand for vegetable oils is strong in China, India, and other countries because of demographics and altered eating habits. Also, the region is seeing an expansion in the pharmaceutical and industrial sectors, fueling increased consumption of hexane.

One of the major restraints to the growth of the hexane market is the increasing demand for environmentally friendly and sustainable solvents. As a VOC, hexane falls under the scope of rigorous environmental and occupational safety legislation in North America and Europe. Regulatory bodies such as the EPA (US) and REACH Europe are pressing for reduced emissions, cleaner technologies, and sustainable solvents. At the same time, the ever-increasing consumer concern about health and the environment is driving the increased use of bio-based, less-toxic, low-toxicity solvents across food, fragrance, and pharmaceutical applications. Also, alternative extraction methods such as cold-pressing and no-to-low solvent techniques are always being considered in high-value products. Though the efficiency of these techniques is not the same as that of hexane, it is increasing and would be a challenge to the growth of the hexane market.

The growing paints & coatings market is expected to create opportunities for market players. Hexane finds applications in paints and coatings manufacturing as a good solvent owing to its fast evaporation and close similarity to various resins and binders. With the surge in infrastructure development and construction worldwide, demand for paints and coatings is rising, driving the need for solvents. Industrial development and urbanization in developing nations are also driving increased demand for decorative and protective coatings across the automotive, construction, and heavy machinery sectors. This is expected to generate new growth opportunities for the market.

Hexane is a product of petroleum refining, which means it is subject to fluctuations in the world‘s crude oil markets. This means the prices of the other inputs are subject to fluctuations in the crude oil market. This also distorts the supply and demand structure, leading to changes in crude oil prices. Since the demand and supply of crude oil depend on various factors, such as geopolitical relations, war, and biofuel demand, this volatility is further heightened. The whole world has witnessed fluctuations due to war, energy demand and production disruptions, which can cause unexpected price fluctuations in crude oil, leading to higher costs for end consumers.

HEXANE MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS

n-hexane is used for industrial applications due to its volatility and good solvency for edible oil extraction, solvents, adhesives, and rubber processing. High extraction efficiency and yield improvement, fast evaporation reduces residue, cost-effective solvent for large-scale processing, consistent purity for industrial applications

High-purity AlphaPlus n-hexane is used in polymerization processes and specialty chemical synthesis, where controlled impurity levels are critical for catalyst performance. Ultra-high purity ensures catalyst efficiency, enhances polymer quality and consistency, low sulfur/aromatic content reduces contamination risk; Suitable for high-performance industrial applications

n-Hexane is utilized in pharmaceutical extraction, fine chemicals, and precision cleaning applications, particularly where controlled evaporation and purity are required. Reliable purity for regulated industries, effective solvent for delicate extraction processes, low residue post-evaporation, and supports compliance with pharma and specialty chemical standards

Laboratory-grade n-hexane is widely used in analytical laboratories for chromatography (HPLC/GC), sample preparation, and research applications requiring consistent solvent behavior. High analytical accuracy and reproducibility, low impurity interference in testing, suitable for sensitive lab environments, consistent batch quality for research reliability

High-purity n-hexane is used in R&D, pharmaceuticals, and specialty chemical synthesis, including chromatographic separations and reaction media in controlled environments. Meets stringent laboratory and regulatory standards, high chemical stability and inertness enable precise separation and synthesis, trusted quality for research and industrial validation

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The hexane market ecosystem consists of raw material suppliers (e.g., Saudi Arabian Oil Co., ONGC), producers (e.g., ExxonMobil Corporation, GFS Chemicals), distributors (e.g., Iverland Trading, Univar Solutions), and end users (e.g., Cargill, Adani Wilmar). Hexane is used in various applications, such as oil extraction , pharmaceutical, and others.

hexane-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

hexane-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Pharmaceutical-grade hexane is projected to have the highest CAGR during the forecast period. This is mainly because pharmaceutical-grade hexane is increasingly used in high-purity and more regulated applications in the pharmaceutical and healthcare industries. Pharmaceutical-grade hexane has very high purity and low impurity content. Hence, it is used in the most sensitive applications. It can also be used in various processes of drug formulation, the extraction of active pharmaceutical ingredients (API), and purification. It is also valuable for its use in laboratory analysis and research applications, especially in chromatography and solvent extraction used for pharmaceutical testing and development. The pharmaceutical industry, driven by increasing demand for health care and the growing marketing of various generic drugs and specialties, is the major driving force for this segment. The growing emphasis on good manufacturing practices and regulatory compliance is influencing the switch from industrial-grade to pharmaceutical-grade solvents. The pharmaceutical-grade hexane market is also supported by the growing trends in drug development, biotechnology and life science research, where high-purity solvents are required, as well as by the increased demand from contract manufacturing organizations (CMOs) and research labs.

The polymerization segment will have the highest CAGR in the hexane market, owing to the growing demand for plastics, synthetic rubbers, and high-performance polymers. Hexane is used as a process solvent and reaction medium for polymer production. The growth of the packaging, automotive, construction, and consumer goods industries significantly increases the demand for high-performance polymers. In terms of volume, bulk production of polymers requires higher, continuous consumption of hexane, whereas in value, emerging specialty polymers and heavy investment in material innovation are driving growth.

REGION

Asia Pacific to be fastest-growing region in global hexane market during forecast period

Asia Pacific is projected to have the highest CAGR in the hexane market, owing to the robust economic development in this region, coupled with rapid industrialization. The expanding end-use industries, such as chemically diversified and rapidly burgeoning sectors like edible oils, pharma and consumer goods, are also driving high-volume consumption of hexane in oil extraction and other industrial applications. This region has a very strong textile, automotive, and chemical manufacturing industry. Large production capacities, low cost, and increasing investments in industrial infrastructure are fueling the hexane market in the region.

hexane-market Region

HEXANE MARKET: COMPANY EVALUATION MATRIX

China Petrochemical Corporation (Sinopec) is a key player in the market. It has strong integration across the entire petrochemical value chain and has a large refining and chemical production capacity. In addition, its extensive supply chain network and million-ton crystallization manufacturing base effectively supply products to the demand centers of oil extraction, industrial cleaning, chemical processing, etc., further strengthening the competitiveness of China Petrochemical Corporation. To maintain high production efficiency, China Petrochemical Corporation continuously invests in advancing refining technology and optimizing the production process, such as refining depth and distillation processes, thereby evidently enhancing its competitive strength in the hexane market. In the hexane market, Petrobras is emerging as a leading player, with a noticeable emphasis on petrochemicals and diversification into higher-value chemicals. While capitalizing on its robust upstream crude oil offset and refining infrastructure in Brazil, Petrobras is well positioned to gain market share in solvent and specialty chemicals, including hexane. With better operational efficiency, greater downstream integration and increasing industrial demand from fields such as oil extraction, cleaning & degreasing, and polymerization, Petrobras is cementing its place in the upper reaches of the hexane supply chain. Its ongoing commitment to modernizing its chemical production is positioning it for a gradual foray into the competitive hexane sector. Technical developments and export growth will continue to nudge Petrobras toward a prominent position in the hexane market.

hexane-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 2.75 BN
Market Forecast in 2031 (Value) USD 3.64 BN
CAGR (2026–2031) 4.3%
Years Considered 2022–2031
Base Year 2025
Forecast Period 2026–2031
Units Considered Value (USD Million), and Volume (Kiloton)
Report Coverage Revenue forecast, competitive landscape, growth factors, and trends
Segments Covered By Type: N-hexane, Isohexane, and Neohexane
Regions Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America

WHAT IS IN IT FOR YOU: HEXANE MARKET REPORT CONTENT GUIDE

hexane-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Food processing oil manufacturer asking for required grade of hexane to be used in production of edible oils for best extraction efficiency and maximum yield Comparison of n-hexane to food grade hexane; benchmarking extraction yield; residue compliance analysis (FDA/EFSA standards) Better extraction yield; less loss of solvent; better regulatory compliance; lowered production cost; improved formulation confidence; reduced compliance risk; optimized additive selection; faster product qualification
Pharmaceutical company assessing a high-quality solvent for API synthesis and formulation processes Impurity profiling of pharmaceutical grade hexane; impurity benchmarking comparison; supplier on performance comparison; regulatory mapping comparison (ICH/USP guidelines) Enhanced formulation safety; uniform API quality; minimized batch-to-batch differences; conformance to worldwide pharmacopeial/standards
A provider of industrial cleaning and maintenance services evaluating solvent performance for use as a degreasing agent Comparative performance of hexane to other solvent systems (heptane, toluene); study of evaporating rate and cleaning effectiveness; cost-performance analysis Improved cleaning efficacy; decreased operating time; minimized solvent consumption; cost reduction
Polymer and chemical manufacturer studying solvent function in polymerization processes Decision analysis, including process equality determination, best solvent recovery analysis, best polymer yield increase optimization analysis, and safety and handling considerations Better quality of polymer; increasing efficiency of process; reduction of production wastes; and more available operational safety
Trading and procurement company performing analysis of global supply and checking hexane supply chain and price fluctuations Supply-demand mapping, regional pricing trend analyzing benchmark against main producers (refining capacity, export flow), risk analysis Improved procurement strategy; easier to formulate; decrease in price volatility risk; enhances negotiating hold of suppliers; assured long-term sourcing

RECENT DEVELOPMENTS

  • June 2025 : Rompetrol’s Vega refineries increased their hexane production capacity to about 100,000 tons.
  • August, 2025 : Rompetrol’s Vega and magtymbua refineries expanded their output production capacity of hexane to meet the higher demand.
  • October, 2025 : Junyuan Petroleum launched 99.9% ultra-high-purity n-hexane using advanced separation technology.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE

PAGE NO

INTRODUCTION

18

RESEARCH METHODOLOGY

23

EXECUTIVE SUMMARY

34

PREMIUM INSIGHTS

37

MARKET OVERVIEW

40

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS

    DRIVERS

    - Steady demand from edible oils market

    - Strong demand from growing markets in Asia Pacific

    RESTRAINTS

    - Shifting focus of end-use industries toward green solvents

    OPPORTUNITIES

    - Increase in demand for solvents in paints & coatings industry

    CHALLENGES

    - Handling issues related to hexane due to its high flammability and toxicity

    - Fluctuations in global crude oil prices

  • 5.3 PORTER’S FIVE FORCES ANALYSIS

    BARGAINING POWER OF SUPPLIERS

    THREAT OF NEW ENTRANTS

    THREAT OF SUBSTITUTES

    BARGAINING POWER OF BUYERS

    INTENSITY OF COMPETITIVE RIVALRY

  • 5.4 ECOSYSTEM
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 MANUFACTURING PROCESS

    INTRODUCTION

    SYNTHESIS

  • 5.7 POLICIES AND REGULATIONS

    REACH: REGISTRATION, EVALUATION, AUTHORISATION, AND RESTRICTION OF CHEMICALS REGULATION

    - Dossier evaluation status

    CLP: CLASSIFICATION, LABELING, AND PACKAGING

    ATMOSPHERIC STANDARDS

    FDA REGULATIONS

  • 5.8 CASE STUDY ANALYSIS
  • 5.9 TRADE DATA
  • 5.10 PRICING ANALYSIS

HEXANE MARKET, BY TYPE

55

  • 6.1 INTRODUCTION
  • 6.2 N-HEXANE

    USAGE OF N-HEXANE IN SEVERAL APPLICATIONS TO DRIVE DEMAND

  • 6.3 ISOHEXANE

    RISING DEMAND FOR ADHESIVES IN GROWING ECONOMIES TO SUPPORT MARKET

  • 6.4 NEOHEXANE

    USE OF NEOHEXANE IN GLUES AND PAINTS TO DRIVE DEMAND

HEXANE MARKET, BY GRADE

56

  • 7.1 INTRODUCTION
  • 7.2 OIL EXTRACTION/FOOD GRADE

    HIGH DEMAND FOR VEGETABLE OIL TO DRIVE DEMAND

  • 7.3 PHARMACEUTICAL GRADE

    RISE IN CHRONIC DISEASES TO DRIVE MARKET

  • 7.4 INDUSTRIAL GRADE

    USAGE ACROSS VARIOUS INDUSTRIES TO DRIVE DEMAND

HEXANE MARKET, BY APPLICATION

60

  • 8.1 INTRODUCTION
  • 8.2 OIL EXTRACTION

    RISING DEMAND FOR VEGETABLE OIL TO DRIVE SEGMENT

  • 8.3 PHARMACEUTICAL

    RISE IN CHRONIC DISEASES TO DRIVE MARKET

  • 8.4 INDUSTRIAL CLEANING & DEGREASING

    GROWING DEMAND FOR TEXTILE, FOOTWEAR, AND LEATHER PRODUCTS TO BOOST MARKET

  • 8.5 POLYMERIZATION

    GROWING DEMAND FOR POLYMERS TO ENHANCE DEMAND FOR HEXANE

  • 8.6 OTHERS

HEXANE MARKET, BY REGION

71

  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA

    US

    - Rise in consumption of vegetable oil to drive demand

    CANADA

    - Strong chemical industry to boost market

    MEXICO

    - Rise in demand for processed food and paints & coatings to propel demand

  • 9.3 ASIA PACIFIC

    CHINA

    - China accounts for largest market in Asia Pacific

    INDIA

    - Growth in paints & coatings industry to drive market

    JAPAN

    - Large construction sector: major consumers of hexane

    SOUTH KOREA

    - Growth of food and pharmaceutical sectors

    REST OF ASIA PACIFIC

  • 9.4 EUROPE

    GERMANY

    - Germany accounted for largest market share of hexane in Europe

    UK

    - Increase in production of commercial vehicles to drive market

    FRANCE

    - Growth in construction and pharmaceutical sectors to drive market

    REST OF EUROPE

  • 9.5 MIDDLE EAST & AFRICA

    SAUDI ARABIA

    - Growth in construction and pharmaceutical sectors to create opportunities for market players

    REST OF MIDDLE EAST & AFRICA

  • 9.6 SOUTH AMERICA

    BRAZIL

    - Largest market in South America

    REST OF SOUTH AMERICA

COMPETITIVE LANDSCAPE

109

  • 10.1 INTRODUCTION
  • 10.2 REVENUE ANALYSIS
  • 10.3 MARKET SHARE ANALYSIS, 2021

    SHELL PLC

    CHINA PETROLEUM & CHEMICAL CORPORATION

    EXXON MOBIL CORPORATION

    ROMPETROL-RAFINARE

    JUNYUAN PETROLEUM GROUP

  • 10.4 COMPANY EVALUATION MATRIX

    STAR PLAYERS

    EMERGING LEADERS

    PERVASIVE

    PARTICIPANTS

  • 10.5 COMPETITIVE SCENARIO

COMPANY PROFILES

120

  • 11.1 CHINA PETROLEUM & CHEMICAL CORPORATION

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    MNM VIEW

    - Key strengths

    - Strategic choices

    - Weaknesses and competitive threats

  • 11.2 SHELL PLC

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    MNM VIEW

    - Key strengths

    - Strategic choices

    - Weaknesses and competitive threats

  • 11.3 EXXON MOBIL CORPORATION

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    MNM VIEW

    - Key strengths

    - Strategic choices

    - Weaknesses and competitive threats

  • 11.4 ROMPETROL-RAFINARE

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    MNM VIEW

    - Key strengths

    - Strategic choices

    - Weaknesses and competitive threats

  • 11.5 JUNYUAN PETROLEUM GROUP

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    MNM VIEW

    - Key strengths

    - Strategic choices

    - Weaknesses and competitive threats

  • 11.6 TOTALENERGIES

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENTS

  • 11.7 PHILLIPS 66 COMPANY

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.8 INDIAN OIL CORPORATION LTD

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENT

  • 11.9 PETRÓLEO BRASILEIRO S.A.

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.10 BHARAT PETROLEUM CORPORATION LIMITED

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.11 HINDUSTAN PETROLEUM CORPORATION LIMITED

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.12 HONEYWELL INTERNATIONAL INC.

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENT

  • 11.13 SUMITOMO CHEMICAL

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENT

  • 11.14 THAI OIL PUBLIC COMPANY LIMITED

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENT

  • 11.15 SHENYANG HUIFENG PETROCHEMICAL CO., LTD

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.16 TOKYO CHEMICAL INDUSTRY CO., LTD.

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.17 ARHAM PETROCHEM PRIVATE LIMITED

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENT

  • 11.18 HYDRITE CHEMICAL

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENT

  • 11.19 GFS CHEMICALS, INC.

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

    RECENT DEVELOPMENTS

  • 11.20 NOAH CHEMICALS

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.21 LIAONING YUFENG CHEMICAL CO., LTD.

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.22 SPECTRUM CHEMICAL

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

  • 11.23 MERCK KGAA

    BUSINESS OVERVIEW

    PRODUCTS/SOLUTIONS/SERVICES OFFERED

APPENDIX

171

  • 12.1 DISCUSSION GUIDE
  • 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.3 CUSTOMIZATION OPTIONS
  • 12.4 RELATED REPORTS
  • 12.5 AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1 HEXANE MARKET, BY GRADE: INCLUSIONS & EXCLUSIONS
  • TABLE 2 HEXANE MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
  • TABLE 3 HEXANE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
  • TABLE 4 HEXANE MARKET, 2022–2027
  • TABLE 5 HEXANE MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 6 HEXANE MARKET: ECOSYSTEM
  • TABLE 7 MAIN APPLICATIONS OF HEXANE IN EXTRACTION OF FOOD PRODUCTS AND INGREDIENTS
  • TABLE 8 DOSSIER EVALUATION STATUS OF N-HEXANE
  • TABLE 9 EXPORT DATA (2021)
  • TABLE 10 IMPORT DATA (2021)
  • TABLE 11 HEXANE MARKET SIZE, BY GRADE, 2018–2020 (USD MILLION)
  • TABLE 12 HEXANE MARKET SIZE, BY GRADE, 2021–2027 (USD MILLION)
  • TABLE 13 HEXANE MARKET SIZE, BY GRADE, 2018–2020 (KILOTON)
  • TABLE 14 HEXANE MARKET SIZE, BY GRADE, 2021–2027 (KILOTON)
  • TABLE 15 HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 16 HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 17 HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 18 HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 19 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
  • TABLE 20 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
  • TABLE 21 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
  • TABLE 22 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
  • TABLE 23 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
  • TABLE 24 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
  • TABLE 25 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
  • TABLE 26 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
  • TABLE 27 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
  • TABLE 28 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
  • TABLE 29 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
  • TABLE 30 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
  • TABLE 31 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
  • TABLE 32 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
  • TABLE 33 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
  • TABLE 34 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
  • TABLE 35 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
  • TABLE 36 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
  • TABLE 37 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
  • TABLE 38 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
  • TABLE 39 HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
  • TABLE 40 HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
  • TABLE 41 HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
  • TABLE 42 HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
  • TABLE 43 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 44 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 45 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 46 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 47 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
  • TABLE 48 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
  • TABLE 49 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
  • TABLE 50 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
  • TABLE 51 US: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 52 US: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 53 US: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 54 US: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 55 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 56 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 57 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 58 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 59 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 60 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 61 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 62 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 63 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 64 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 65 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 66 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 67 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
  • TABLE 68 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
  • TABLE 69 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
  • TABLE 70 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
  • TABLE 71 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 72 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 73 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 74 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 75 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 76 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 77 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 78 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 79 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 80 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 81 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 82 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 83 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 84 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 85 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 86 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 87 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 88 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 89 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 90 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 91 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 92 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 93 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 94 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 95 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
  • TABLE 96 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
  • TABLE 97 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
  • TABLE 98 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
  • TABLE 99 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 100 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 101 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 102 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 103 UK: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 104 UK: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 105 UK: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 106 UK: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 107 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 108 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 109 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 110 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 111 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 112 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 113 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 114 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 115 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 116 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 117 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 118 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 119 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
  • TABLE 120 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
  • TABLE 121 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
  • TABLE 122 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
  • TABLE 123 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
  • TABLE 124 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
  • TABLE 125 SOUTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
  • TABLE 126 SOUTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
  • TABLE 127 OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
  • TABLE 128 HEXANE MARKET: INTENSITY OF COMPETITIVE RIVALRY
  • TABLE 129 HEXANE MARKET: GRADE FOOTPRINT
  • TABLE 130 HEXANE MARKET: APPLICATION FOOTPRINT
  • TABLE 131 HEXANE MARKET: REGION FOOTPRINT
  • TABLE 132 HEXANE MARKET: DEALS, 2019–2022
  • TABLE 133 HEXANE MARKET: OTHER DEVELOPMENTS, 2019–2022
  • TABLE 134 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW
  • TABLE 135 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS OFFERED
  • TABLE 136 SHELL PLC: COMPANY OVERVIEW
  • TABLE 137 SHELL PLC: PRODUCTS OFFERED
  • TABLE 138 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
  • TABLE 139 EXXON MOBIL CORPORATION: PRODUCTS OFFERED
  • TABLE 140 ROMPETROL-RAFINARE: COMPANY OVERVIEW
  • TABLE 141 ROMPETROL-RAFINARE: PRODUCTS OFFERED
  • TABLE 142 JUNYUAN PETROLEUM GROUP: COMPANY OVERVIEW
  • TABLE 143 JUNYUAN PETROLEUM GROUP: PRODUCTS OFFERED
  • TABLE 144 TOTALENERGIES: COMPANY OVERVIEW
  • TABLE 145 TOTALENERGIES: PRODUCTS OFFERED
  • TABLE 146 TOTALENERGIES: PRODUCT LAUNCH
  • TABLE 147 PHILLIPS 66 COMPANY: COMPANY OVERVIEW
  • TABLE 148 PHILLIPS 66 COMPANY: PRODUCTS OFFERED
  • TABLE 149 INDIAN OIL CORPORATION LTD: COMPANY OVERVIEW
  • TABLE 150 INDIAN OIL CORPORATION LTD: PRODUCTS OFFERED
  • TABLE 151 INDIAN OIL CORPORATION LTD: OTHERS
  • TABLE 152 PETRÓLEO BRASILEIRO S.A.: COMPANY OVERVIEW
  • TABLE 153 PETRÓLEO BRASILEIRO S.A.: PRODUCTS OFFERED
  • TABLE 154 BHARAT PETROLEUM CORPORATION LIMITED: COMPANY OVERVIEW
  • TABLE 155 BHARAT PETROLEUM CORPORATION LIMITED: PRODUCTS OFFERED
  • TABLE 156 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY OVERVIEW
  • TABLE 157 HINDUSTAN PETROLEUM CORPORATION LIMITED: PRODUCTS OFFERED
  • TABLE 158 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 159 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED
  • TABLE 160 HONEYWELL INTERNATIONAL INC.: OTHERS
  • TABLE 161 SUMITOMO CHEMICAL: COMPANY OVERVIEW
  • TABLE 162 SUMITOMO CHEMICAL: PRODUCTS OFFERED
  • TABLE 163 SUMITOMO CHEMICAL: OTHERS
  • TABLE 164 THAI OIL PUBLIC COMPANY LIMITED: COMPANY OVERVIEW
  • TABLE 165 THAI OIL PUBLIC COMPANY LIMITED: PRODUCTS OFFERED
  • TABLE 166 THAI OIL PUBLIC COMPANY LIMITED: DEALS
  • TABLE 167 SHENYANG HUIFENG PETROCHEMICAL CO., LTD: COMPANY OVERVIEW
  • TABLE 168 SHENYANG HUIFENG PETROCHEMICAL CO., LTD: PRODUCTS OFFERED
  • TABLE 169 TOKYO CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW
  • TABLE 170 TOKYO CHEMICAL INDUSTRY CO., LTD.: PRODUCTS OFFERED
  • TABLE 171 ARHAM PETROCHEM PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 172 ARHAM PETROCHEM PRIVATE LIMITED: PRODUCTS OFFERED
  • TABLE 173 ARHAM PETROCHEM PRIVATE LIMITED: DEALS
  • TABLE 174 HYDRITE CHEMICAL: COMPANY OVERVIEW
  • TABLE 175 HYDRITE CHEMICAL: PRODUCTS OFFERED
  • TABLE 176 HYDRITE CHEMICAL: OTHERS
  • TABLE 177 GFS CHEMICALS, INC.: COMPANY OVERVIEW
  • TABLE 178 GFS CHEMICALS, INC.: PRODUCTS OFFERED
  • TABLE 179 GFS CHEMICALS, INC.: DEALS
  • TABLE 180 NOAH CHEMICALS: COMPANY OVERVIEW
  • TABLE 181 NOAH CHEMICALS: PRODUCTS OFFERED
  • TABLE 182 LIAONING YUFENG CHEMICAL CO., LTD.: COMPANY OVERVIEW
  • TABLE 183 LIAONING YUFENG CHEMICAL CO., LTD.: PRODUCTS OFFERED
  • TABLE 184 SPECTRUM CHEMICAL: COMPANY OVERVIEW
  • TABLE 185 SPECTRUM CHEMICAL: PRODUCTS OFFERED
  • TABLE 186 MERCK KGAA: COMPANY OVERVIEW
  • TABLE 187 MERCK KGAA: PRODUCTS OFFERED

LIST OF FIGURES

  • FIGURE 1 HEXANE: MARKET SEGMENTATION
  • FIGURE 2 HEXANE MARKET: RESEARCH DESIGN
  • FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 4 MAIN MATRIX CONSIDERED FOR CONSTRUCTING AND ASSESSING DEMAND FOR HEXANE
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7 HEXANE MARKET: DATA TRIANGULATION
  • FIGURE 8 OIL EXTRACTION/FOOD GRADE TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 9 OIL EXTRACTION APPLICATION TO LEAD HEXANE MARKET
  • FIGURE 10 ASIA PACIFIC DOMINATED HEXANE MARKET
  • FIGURE 11 MARKET TO WITNESS MODERATE GROWTH BETWEEN 2022 AND 2027
  • FIGURE 12 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN HEXANE MARKET
  • FIGURE 13 INDUSTRIAL GRADE TO GROW FASTEST IN HEXANE MARKET
  • FIGURE 14 POLYMERIZATION SEGMENT TO WITNESS HIGHEST CAGR
  • FIGURE 15 CHINA TO GROW AT HIGHEST CAGR IN HEXANE MARKET
  • FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HEXANE MARKET
  • FIGURE 17 OIL SEED PRODUCTION, 2018-2030
  • FIGURE 18 VEGETABLE OIL PRODUCTION, 2018-2030
  • FIGURE 19 CRUDE OIL PRICES: JANUARY 2019–OCTOBER 2022 (USD/BARREL)
  • FIGURE 20 HEXANE MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 21 ECOSYSTEM MAP OF HEXANE MARKET
  • FIGURE 22 HEXANE MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 23 PRODUCTION PROCESS
  • FIGURE 24 HEXANE MARKET: PRICING ANALYSIS
  • FIGURE 25 OIL EXTRACTION/FOOD GRADE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
  • FIGURE 26 OIL EXTRACTION TO LARGEST SEGMENT UNTIL 2027
  • FIGURE 27 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 28 NORTH AMERICA: HEXANE MARKET SNAPSHOT
  • FIGURE 29 ASIA PACIFIC: HEXANE MARKET SNAPSHOT
  • FIGURE 30 EUROPE: HEXANE MARKET SNAPSHOT
  • FIGURE 31 REVENUE ANALYSIS OF KEY COMPANIES IN LAST FIVE YEARS
  • FIGURE 32 HEXANE MARKET SHARE ANALYSIS
  • FIGURE 33 HEXANE: COMPANY EVALUATION MATRIX, 2021
  • FIGURE 34 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
  • FIGURE 35 SHELL PLC: COMPANY SNAPSHOT
  • FIGURE 36 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
  • FIGURE 37 ROMPETROL-RAFINARE: COMPANY SNAPSHOT
  • FIGURE 38 TOTALENERGIES: COMPANY SNAPSHOT
  • FIGURE 39 PHILLIPS 66 COMPANY: COMPANY SNAPSHOT
  • FIGURE 40 INDIAN OIL CORPORATION LTD: COMPANY SNAPSHOT
  • FIGURE 41 PETRÓLEO BRASILEIRO S.A.: COMPANY SNAPSHOT
  • FIGURE 42 BHARAT PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
  • FIGURE 43 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
  • FIGURE 44 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 45 SUMITOMO CHEMICAL: COMPANY SNAPSHOT
  • FIGURE 46 THAI OIL PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT
  • FIGURE 47 MERCK KGAA: COMPANY SNAPSHOT

Methodology

The research methodology used to estimate the current size of the hexane market consisted of four major activities. Extensive secondary research was performed to acquire detailed information about the market, peer markets, and parent markets. These findings, assumptions, and metrics were verified through primary research with experts from both the demand and supply sides of the hexane value chain. Both top-down and bottom-up approaches were used to estimate the total market size. The estimation of market sizes for various segments and subsegments in the market was finalized using the market segmentation and data triangulation techniques.

Secondary Research

The research methodology for estimating and forecasting the hexane market begins with gathering data on key vendors' revenues by doing secondary research. The secondary research process involves consulting a range of secondary sources, including Hoover's, Bloomberg Businessweek, Factiva, the World Bank, and industry-specific journals. These secondary sources encompass annual reports, press releases, investor presentations, white papers, certified publications, articles from recognized authors, regulatory notifications, trade directories, and databases. Also, vendor offerings are taken into consideration to inform market segmentation.

Primary Research

The hexane market comprises several stakeholders, including raw material suppliers, processors, end-product manufacturers, and regulatory organizations, throughout the supply chain. The demand side of this market is characterized by the development of various industries, such as oil extraction, pharmaceutical, industrial cleaning & degreasing, and polymerization, among others. The supply side is characterized by advancements in technology and a wide range of diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of the primary respondents:

Hexane Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been employed to estimate and validate the total size of the hexane market. These approaches have also been used extensively to estimate the size of various dependent market subsegments. The research methodology used to estimate the market size included the following:

The following segments provide details about the overall market size estimation process employed in this study:

  • Extensive primary and secondary research was done to identify the key players.
  • The value chain and market size of the hexane market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were collected through secondary sources and verified through primary sources.
  • All possible parameters that affect the market were covered in this research study and are viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives, is included in this research.

Hexane Market : Top-Down and Bottom-Up Approach

Hexane Market Top Down and Bottom Up Approach

Data Triangulation

After estimating the overall market size using the above estimation, the market was split into various segments and subsegments. Data triangulation and market segmentation techniques, along with the market engineering process, were employed to obtain precise market analysis data for each segment and its subsegments.

Research Methodology: The research methodology used to estimate and forecast the global market size began by aggregating data and information from various levels, including country-level data.

Market Definition

Hexane is a petroleum-derived aliphatic hydrocarbon solvent, typically consisting of a mixture of C6 isomers, with n-hexane as the primary component. It is a colorless, volatile liquid with a low boiling point and high evaporation rate, making it highly effective as a non-polar solvent. Hexane is widely used in the extraction of vegetable oils from seeds and biomass, which represents its largest application globally. It is also utilized in adhesives, coatings, polymerization processes, and industrial cleaning and degreasing. In pharmaceutical manufacturing, hexane is used as a process solvent under strict regulatory controls due to its toxicity.

Key Stakeholders

  • Hexane Manufacturers, Processors, and Refining Technology Providers
  • End-Use/Application, including Oil Extraction, Pharmaceutical, Industrial Cleaning & Degreasing, Polymerization, and Other Applications
  • Research Institutions, Standards Organizations, and Regulatory Agencies such as ASTM, EDQM, and Others
  • NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms

Report Objectives

  • To define, describe, and forecast the market size of hexane, in terms of value and volume
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the hexane market
  • To analyze and forecast the size of various segments (grade and application) of the hexane market based on five major regions - North America, Europe, Asia Pacific, the Middle East & Africa, and South America, along with key countries in each of these regions
  • To analyze recent developments and competitive strategies, including expansion, product launch, and others, to understand the market's competitive landscape
  • To strategically profile the key players in the market and comprehensively analyze their core competencies

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

  • Additional country-level analysis of the hexane market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of each company's product portfolio.

Growth Signals

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  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
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Nissan Chemical Corporation,

Leading Manufacturer Of Chemical Products


www.nissanchem.co.jp/eng

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Leading Industrial Manufacturer of specialty chemical, floor covering, performance and protective textile materials, and healthcare


milliken.com

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An American Leader in Chemicals


www.advansix.com

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Mitsubishi Chemical Research Corporation,

Leading Manufacturer of Chemical Products


www.mitsubishichem-res.co.jp/en/

We recently engaged with MarketsandMarkets for a study, the team not only clearly understood our business objectives but was also extremely professional in the way they handled the entire project. The study was efficiently conducted in a phase-wise manner, and the engagement model furnished us with high-quality business insights that far exceeded our expectations at each phase. We were especially happy that MarketsandMarkets could provide us with both, an English as well as a Japanese version of the study. A special thanks to the Analyst Team and Client Services Team, whose fluency in Japanese enhanced our comfort level, as we could converse with them in our preferred language.

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Arrow Precision

We approached MarketsandMarkets for study on Proppants Market, and their work exceeded our expectations. The study conducted was comprehensive and enabled us to view the market through the various dimensions. In addition, the team was extraordinarily responsive throughout the process and resolved our queries on time. I strongly recommend MarketsandMarkets and will certainly consider them for additional market assessments we will need in the future.

Global engineering company, Japan


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Strategic Planning Office


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