According to ChemAnalyst report, “Global n-Hexane Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The n-Hexane market has displayed significant expansion in the historic period of 2015-22 and is expected to further grow at a CAGR of 3.24% in the forecast period. The surging demand for n-Hexane from major end-use industries, Edible Oil Extractant, Adhesives & Sealants, Paints & Coatings, and Industrial Solvent, is anticipated to favour the n-Hexane market expansion in the upcoming years.
n-hexane is a volatile aliphatic hydrocarbon that can be synthesized using both natural gas and crude oil using the fractional distillation process. By using specific catalysts, it can also be produced from sugar cane waste. For a variety of seed crops, including soybeans, cottonseed, rape seed, mustard seed, peanuts, flax (linseed), safflower seed, and corn germ, n-hexane is primarily utilized as an edible-oil extractant. These seed crops are further processed into foods for humans and animals. Other significant applications for n-Hexane as a special-purpose solvent and cleaning agent (degreaser) include the production of textiles, footwear, leather, and furniture. n-hexane may be present in a variety of glues, adhesives, and leather-dressing preparations, particularly those used in the manufacturing of shoes. In addition, the pharmaceutical sector is one of the biggest consumers of n-hexane due to its use in numerous syntheses and separations, as well as the shape of pills and tablets.
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Increasing consumption of n-Hexane as an oil extractant for a variety of crops coupled with growing demand for vegetable oil is anticipated to propel the n-Hexane market. The rising food industry coupled with the rapidly increasing population is anticipated to propel the n-Hexane market. Also, the use of n-Hexane in the production of adhesives and sealants that are used in a variety of industries further aids the n-Hexane market expansion. Moreover, the application of n-Hexane as a solvent in extraction, dilution, and liquid chromatography application also serves as a factor for market expansion.
The n-Hexane market is segregated based on end-use, sales channel, and region. Based on the end-user industry, the global n-Hexane market is segmented into Edible Oil Extractant, Adhesives & Sealants, Paints & Coatings, Industrial Solvent, and Others. Among these, the Edible Oil Extractant sector is in the lead and held approximately 45% of the market share in 2022. Additionally, the Adhesives & Sealants sector is also a prominent consumer of the n-Hexane market.
Based on region, Asia Pacific is dominating the global n-Hexane market, followed by Europe. In 2022, Asia Pacific held a market share of more than 50% of the global n-Hexane. Accelerating demand for refined oil for cooking purposes in developing countries like India and China is majorly contributing to the n-Hexane market. In terms of production, the Asia Pacific region is again dominating the global n-Hexane market.
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“Global n-Hexane Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, Significant players in the Global n-Hexane are KazmunayGas International, ExxonMobil Chemical, Indian Oil Corporation Limited, Chennai Petroleum Corporation Limited, Jun Yuan Petroleum Group, Bharat Petroleum Corporation Limited, and Others.
“Continuously increasing demand of n-Hexane as an edible- oil extractant with major application in the food industry is anticipated to propel the n-Hexane market in the forecast period until 2032. Other uses of n-Hexane for manufacturing adhesives and sealabts which are used by multiple downstream industries such as shoe manufacturing, leather sectors, etc also contributes to the market expansion. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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