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Report
Global N-Hexane Market Report and Forecast 2024-2032
Market Report I 2023-12-14 I 189 Pages I EMR Inc.
Global N-Hexane Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global n-hexane market is projected to grow at a CAGR of 3.8% between 2024 and 2032. Aided by the increasing demand in various industrial applications, notably in the extraction sector, the market is expected to grow significantly by 2032.
N-hexane, a hydrocarbon derived from crude oil, is primarily known for its extensive use as a non-polar solvent in the extraction of vegetable oils, particularly in the food industry. Its effectiveness in efficiently extracting oils from seeds and vegetables without leaving harmful residues makes it a preferred choice in edible oil extraction processes. The growing global demand for vegetable oils, driven by an increasing population and the rising consumption of processed foods, is a key factor fuelling the demand for N-hexane.
As per the n-hexane market analysis, apart from its use in oil extraction, N-hexane finds applications in various other industries. In the pharmaceutical sector, it is employed as a solvent in the formulation of certain drugs. The adhesive industry also utilises N-hexane for its ability to effectively bond materials, especially in the production of shoes and leather goods. Additionally, its application in the manufacturing of rubber and textiles further contributes to the market growth.
The chemical industry utilises n-hexane as a solvent for dissolving and extracting compounds in chemical synthesis, aiding in the purification and separation of organic compounds. Its growing application in producing rubber, adhesives, and coatings also propels the n-hexane market demand. Additionally, the cleaning and degreasing industry heavily relies on n-hexane due to its ability to effectively dissolve oils, greases, and other contaminants.
The market players are also focused on improving the safety standards in the handling and usage of N-hexane to comply with government regulations regarding neurotoxicity and ensure worker safety, further contributing to the n-hexane market size.
Regionally, the Asia-Pacific region holds a significant share of the global market, driven by the robust growth of industries such as food processing, pharmaceuticals, and adhesives in countries like China and India. The availability of raw materials and the presence of a large manufacturing base in these countries further propel the n-hexane market growth.
Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
- Edible Oil Extraction
- Healthcare
- Industrial Solvent
- Adhesive Formulation
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global n-hexane market. Some of the major players explored in the report by Expert Market Research are as follows:
- Royal Dutch Shell plc
- Exxon Mobil Corporation
- GFS Chemicals, Inc.
- Junyuan Petroleum Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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 (2018-2023)
8.3 Global N-Hexane Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Healthcare
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Industrial Solvent
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Adhesive Formulation
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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 (2018-2023) & Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
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 (2018-2023)
14.1.3 Global Crude Oil Market Forecast (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
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
List of Key Figures and Tables
1. Global N-Hexane Market: Key Industry Highlights, 2018 and 2032
2. Global N-Hexane Historical Market: Breakup by Application (Million Tons), 2018-2023
3. Global N-Hexane Market Forecast: Breakup by Application (Million Tons), 2024-2032
4. Global N-Hexane Historical Market: Breakup by Region (Million Tons), 2018-2023
5. Global N-Hexane Market Forecast: Breakup by Region (Million Tons), 2024-2032
6. North America N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
7. North America N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
8. Europe N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
9. Europe N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Asia Pacific N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Asia Pacific N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Latin America N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Latin America N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Middle East and Africa N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Middle East and Africa N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Crude Oil Market: Key Industry Highlights, 2018 and 2032
22. Global Crude Oil Historical Market: Breakup by Application (%), 2020
22. Global Crude Oil Historical Market: Breakup by Region (%), 2020
23. Crude Oil Historical Price Trends and Forecast 2018-2028
21. Global N-Hexane Market Structure
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