Reports
Global N-Hexane Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Price Analysis; Industry Events and Developments; Competitive Landscape, 2023-2028
N-Hexane Market Outlook
The Procurement Resource Global N-Hexane industry report detailed studies the critical segments, N-Hexane market trends, drivers, restraints, the competitive landscape, and other essential market aspects.
The global N-Hexane market size attained a volume of almost 1.91 million tons in the base year 2021. Furthermore, the global N-Hexane market forecast is projected to reach a volume of about 2.18 million tonnes by the year 2027 and the calculated CAGR of the market growth is around 3.9%.
The extensive application of the product in industrial applications is propelling the global N-Hexane market growth. Regionally, the global N-Hexane industry is being led by the Asia Pacific region.
Global N-Hexane Market and its Segmentation
N-hexane is known as a volatile aliphatic hydrocarbon derived from natural gas and crude oil. Other method to acquire it is from sugar cane decayed parts by utilising superior compounds. It possesses excellent solubility properties with alcohol, is transparent, and has bad odour very similar to petroleum. They produce adhesives and sealants, which have a varied array of manufacturing applications propelling the global n-hexane market share.
The global N-Hexane market comes with segments based on Region (Europe, the Middle East, Asia Pacific, North America, Africa, and South America) and Application (Healthcare, Adhesive Formulation, Industrial Solvent, Edible Oil Extraction and Others).
The Asia Pacific Region is Driving the Global N-Hexane Market Development
N-Hexane market in Asia Pacific holds the largest share owing to the rapidly growing population and the escalating need for refined oil in nations like China and India.
The employment of the product as the chief catalyst or chemical solution in manufacturing and chemical goods like leather, polypropylene, paint, and rubber is primarily propelling the industry growth. The increasing demand for these products further boosts sales in the sector leading to the market's development and impacting the N-Hexane market price.
Furthermore, the product’s employment in the pharmaceutical industry for its use in several syntheses and separations processes paired with shaping tablets and pills are likely to further propel the industry's growth. Moreover, the product's properties, like being cost-effective and its recyclability, are factors further enhancing the market demand and creating extensive global n-hexane market opportunities.
However, the commodity's adverse effects on the environment are likely to hamper global n-hexane market growth.
Derivation Process in the Global N-Hexane Market Outlook
N-hexane is derived from mixtures of petroleum with controlled fractional distillation and other procedures that are refinery-based. This may also be processed by applying distinct catalysts using sugar cane wastes. This method is comparatively new, and the volume produced is very limited.
The existence of the intentional denaturing of n-hexane preparations to discourage substance abuse and many hydrocarbon impurities in wide range of commercial grades of n-hexane make it hard to establish odour thresholds for many products containing n-hexane.
Other Applications of The Product, Further Boosting the Global N-Hexane Market Development
The global n-hexane market is being aided by the other applications of the product, including being broadly employed in vegetable oil abstraction since it helps remove smell and undesirable taste. Additionally, n-Hexane is used as a disinfecting medium in several end-use production sectors like cleaning and textile which further boosts the industry demand.
In addition, it is easy to remove from solids and oil; this property is gaining traction resulting in its use in various other applications, further expanding the industry growth. Other critical factors leading to the industry demand are rapid urbanization, a growing global population, and inflating income levels.
The regional markets for the global n-hexane market can be divided into South America, Africa, the Asia Pacific, North America, the Middle East, and Europe.
N-Hexane Market Key Players
- Exxon Mobil Corporation
- Junyuan Petroleum Group
- GFS Chemicals, Inc.
- Royal Dutch Shell plc
- Others
Market Situation of Commercial Hexane
The existing market is highly fragmented, with several small and large-scale manufacturers competing for prices and quality.
Key Initiatives Being Adopted by Major Companies in The Global N-Hexane Market
- July 1, 2022, Royal Dutch Shell plc may have to write off an investment exceeding £ 3 billion in a major Russian gas project after Vladimir Putin moved to seize control of the site.
- June 24, 2022 - ExxonMobil with North Ammonia, Grieg Edge, and Greene have come together to sign a memorandum of understanding in order to examine the potential distribution and production of green hydrogen and ammonia for lower-emission marine fuels at ExxonMobil's Slagen terminal in Norway.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global N-Hexane Market Analysis
8.1 Key Industry Highlights
8.2 Global N-Hexane Historical Market (2017-2021)
8.3 Global N-Hexane Market Forecast (2022-2027)
8.4 Global N-Hexane Market by Application
8.4.1 Edible Oil Extraction
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Healthcare
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Industrial Solvent
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Adhesive Formulation
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global N-Hexane Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Market by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Market by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Market by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Market by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Market by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) & Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) & Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) & Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) & Forecast (2022-2027)
12.5 Middle East & Africa Historical Price Trends (2017-2021) & Forecast (2022-2027)
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Feedstock Market Analysis
14.1 Global Crude Oil Market Analysis
14.1.1 Key Industry Highlights
14.1.2 Global Crude Oil Historical Market (2017-2021)
14.1.3 Global Crude Oil Market Forecast (2022-2027)
14.1.4 Global Crude Oil Market by Application
14.1.5 Global Crude Oil Market by Region
14.1.6 Crude Oil Historical Price Trends (2017-2021) and Forecast (2022-2027)
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players’ Market Share
15.3 Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
15.3.1 Royal Dutch Shell plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Demographic Reach and Achievements
15.3.1.4 Certifications
15.3.2 Exxon Mobil Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Demographic Reach and Achievements
15.3.2.4 Certifications
15.3.3 GFS Chemicals, Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Demographic Reach and Achievements
15.3.3.4 Certifications
15.3.4 Junyuan Petroleum Group
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Demographic Reach and Achievements
15.3.4.4 Certifications
15.3.5 Others
16 Industry Events and Developments
The global N-Hexane market size was around 1.91 million Tons in 2021.
In the forecast period of 2022-2027, the market is anticipated to expand at a CAGR of 3.9%.
The rising demand for n hexane in other applications is one of the essential drivers of the N-Hexane market growth.
Exxon Mobil Corporation, GFS Chemicals, Inc., Royal Dutch Shell plc, Junyuan Petroleum Group, and others are the most prominent companies in the market.
The Asia Pacific region of the N-Hexane industry holds a significant share in the market.
The global N-Hexane market accomplished a volume of 1.91 million tons in the base year of 2021, due to the comprehensive employment of the product as the primary solvent in industrial and chemical products like leather, polypropylene, paint, and rubber.
In addition, other critical applications of the product, including being widely utilized in vegetable oil extraction as a cleaning agent, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.9%. The market is projected to reach 2.18 million Tons by 2027. GFS Chemicals, Inc., Junyuan Petroleum Group, Exxon Mobil Corporation, Royal Dutch Shell plc are the most trusted companies that listed as top players in the market.
Procurement Resources’ expert team employs a combination of their expertise and cutting-edge critical tools to explore the macro and micro aspects.
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