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.
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).
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.
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.
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.
The existing market is highly fragmented, with several small and large-scale manufacturers competing for prices and quality.
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
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
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.3 Industrial Solvent
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.4 Adhesive Formulation
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global N-Hexane Market by Region
8.5.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 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
22.214.171.124 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Market by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Market by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Market by Country
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
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
15.3.2 Exxon Mobil Corporation
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
15.3.3 GFS Chemicals, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
15.3.4 Junyuan Petroleum Group
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
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.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.Read More
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 134 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027 to reach a value of around 167 thousand tonnes by 2027.Read More
Email Delivery Price: $ 999.00
The global Artificial Intelligence Market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.Read More