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Hexane Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Hexane is a solvent present in volatile fraction of various plants such as guava, orange, and others. It is a hydrocarbon made of carbon and hydrogen. Hexane is an unbranched isomer (n-hexane), which exists in forms with different arrangements of atoms but with the same molecular weight. Hexanes are significant constituents of gasoline.

Hexane is an organic solvent made from crude oil. It is used in various applications. Hexane contains a blend of hydrocarbons with six carbon atoms. It is widely used in the manufacture of industrial products. Two different types of hexane are available in the market: hexane-pure hexane and solvent-based hexane. Pure hexane is only used in laboratories, while, solvent-based hexane is extensively employed in several application. Hexane is used to extract oil from seeds. This increases the cost of the process and also carries the risk of toxicity.  An alternative substitute has been developed that helps extract oil from several seeds by using sodium hydroxide and methanol. This process has been implemented with considerable success in soya bean seeds. The only drawback related to this process is the moisture content. Moisture content is the only drawback related to this process. High moisture content results in excess utilization of methanol in order to extract oil from seeds.

Solvent-based hexane; is used to extract vegetable oils from crops such as soybeans, cottonseed, rape seed, mustard seed, and safflower seed, etc. Solvent-chemical hexane is also widely used as cleaning agent in textile, printing, furniture and leather industries. It is also employed in various consumer products including glues, gasoline, rubber, and cement. Several properties of hexane are hazardous to human beings, excess inhalation may result in weakness, numbness, blurred vision, headache, and fatigue. The Occupational Safety and Health Administration (OSHA); has set a permissible exposure limit (PEL) of 500 ppm for hexane to protect the health of several workers engaged in hexane production facilities across the globe. However, hexane has certain beneficial properties. For instance, it is used in the removal of unwanted taste and odor. This is anticipated to drive the demand for hexane in the edible oil industry, as hexane is used in the manufacturing of several grades of cooking oils. Rising population coupled with increasing demand for refined oil, for cooking purposes is estimated to boost the demand for hexane in the near future.

In terms of production and consumption, countries is Asia Pacific, especially, China dominates the global hexane market. Asia Pacific has been a lucrative market for the production and distribution of hexane in countries such as China, Japan, and India .Therefore, several manufacturers in Europe and North America are shifting their production facilities to Asia Pacific owing to the availability of skilled labor at affordable rates. The hexane market in North America and Europe is expected to expand at a rapid pace owing to the high demand for rubber products used in the automotive industries.

The hexane market can be segmented based on type, and application. In terms of type, the hexane market can be divided into – n-hexane, iso-hexane, and neo-hexane. Based on application, the hexane market can be segregated into – pharmaceutical, cooking oil, automotive, chromatography, textiles, furniture, printing, paint & coatings, adhesives, shoes & leather products, and roofing. Commercial grades of hexane are used as solvents in the manufacture of rubber, glues, cement, adhesives, varnishes, and inks. Hexane is also used as a cleaning agent (degreaser) in the printing industry. It is used as liquid in low temperature thermometers.

Prominent players operating in the hexane market include Exxon Mobil Corporation, Rompetrol Rafinare S.A., Chevron Philips Chemicals LLC, Royal Dutch Shell plc, GreenChem Industries, Hukill Chemical Corp., and Continental Chemical.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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