Hexane Market to Witness Huge Growth by 2023: Key Players - Rompetrol Rafinare S.A., Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Philips Chemicals LLC, Hukill Chemical Corp., GreenChem Industries and Continental Chemical

Hexane Market Size
Global Hexane Market was valued at USD 1035 Million in 2013 to USD 1140 Million in 2016 and this value predicted to hit USD XX Million by the end of 2023 growing at a CAGR of xx% during the forecast period 2016 to 2023.

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Hexane Market Overview:
Hexane is a solvent present in the volatile fraction of several plants, such as guava, orange and others. It is a hydrocarbon composed of carbon and hydrogen. Hexane is an unbranched isomer (n-hexane), which exists in forms with different atomic arrangements but with the same molecular weight. Hexanes are important components of gasoline. Hexane is an organic solvent based on crude oil and is used in various applications. It is widely used in the manufacture of industrial products. There are two kinds of hexane on the market: pure hexane and solvent-based hexane. Pure hexane is only used in laboratories, while solvent-based hexane is widely used in many applications. Hexane is utilized to extract the oil from the seeds. This increases the cost of the process and also carries a risk of toxicity. An alternative substitute has been developed to extract oil from several seeds with sodium hydroxide and methanol. This process has been implemented with considerable success in soybeans. The only drawback related to this process is the moisture content as the high water content leads to the excessive use of methanol to extract the oil from the seeds.

Drivers and Restraints:
Hexane is utilized to extract vegetable oils from crops such as soybeans, cotton seeds, rapeseed, mustard seeds, safflower seeds, etc. The chemical hexane solvent is also widely utilized as a cleaning agent in the textiles, printing, furniture, and leather industries. It is also used in a variety of consumer products, such as glues, gasoline, rubber and cement. Many properties of hexane are dangerous for humans; excessive inhalation can cause numbness, headaches, blurred vision, weakness, and fatigue. Occupational Health and Safety Administration (OSHA) has set an allowable exposure limit (ELP) of 500 ppm for hexane to protect the health of many workers who work in hexane plants around the world. However, hexane has some beneficial properties. For example, it is used to eliminate unwanted flavors and odors. This should stimulate the demand for hexane in the edible oil industry, since hexane is used in the manufacture of various grades of cooking oils. It is expected that the increase in population, combined with the growing demand for refined cooking oil will stimulate the demand for hexane in the near future.

Geographical Segmentation:
In terms of production and consumption, countries in the Asia-Pacific region are particularly dominant in the global market for hexane. The Asia-Pacific region is a lucrative market for the production and distribution of hexane in countries such as China, Japan and India. As a result, several manufacturers in Europe and North America are moving their production facilities to the region at affordable prices. It is expected that the market for hexane in North America and Europe will grow rapidly due to the strong demand for rubber products used in the automotive industries.

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Key Players of Hexane Market
The key market players of Hexane Market include Rompetrol Rafinare S.A., Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Philips Chemicals LLC, Hukill Chemical Corp., GreenChem Industries, and Continental Chemical.

Key Takeaways from this Report:
• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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