openPR Logo
Press release

N-Hexane Market Progress & Contribution Highlighted until 2024

According to Research Solution Insights (RSI), the global n-Hexane market is likely to thrive at a moderate pace over the next eight years. During 2016-2024, the market will attain a value of US$ 1.856 Bn, expanding at a CAGR of 5.7%. Edible oil industry is expected to remain the predominant consumer throughout the assessed period. Asia Pacific will reportedly represent the most lucrative regional market.

In addition to growing prevailing demand for n-Hexane in the edible oil sector, towering consumer preference for refined oil will also play a key role in driving the market for n-Hexane over the next few years. A wide range of end-use applications are anticipated to continue supporting the market throughout the forecast period.

Iso-hexane is a chemical isomer of hexane, which is often used in oilseed extraction applications, replacing n-Hexane. Moreover, n-heptane is also used on a large scale in pharmaceuticals in order to eliminate the toxicity of n-Hexane. Rising adoption of such substitutes can hold a pretty negative influence over the growth of global n-Hexane market. Growing popularity of cold pressing technique for oil extraction is also identified to be one of the key challenges to market growth. Moreover, developed markets are increasingly encouraging hexane-free industrial products, which is a critical restraint to growth of the market.

Although polymerization, oil extraction, and pharmaceuticals are projected to remain among the top consumers of n-Hexane, oil extraction is estimated to be the largest application. This segment will capture more than 75% market value share in 2016. This growth is attributed to high effectiveness and high-yielding capacity. Polymerization will also remain a major revenue contributor over the assessment period. Global consumption of n-Hexane by the polymerization segment will possibly cross 200 KT in 2016.

By grade of n-Hexane, oil extraction grade will remain dominant over industrial grade. While oil extraction grade is likely to reach the revenue sales of over US$ 600 Mn in 2016, that of industrial grade n-Hexane will possibly exceed a value of 560 KT by the end of 2016.

By region, North America will be a mature market for n-Hexane and see steady growth through 2024. The growth of this region may continue to be affected by growing popularity of hexane-free products in the North American market. Europe, another key region, is expected to witness sluggish growth, primarily attributed to the recent economic slowdown.

However, demand for n-Hexane from emerging Asian countries will account for substantial revenue sales. APAC will continue to record the maximum consumption of n-Hexane during the forecast period. This region will observe a volume CAGR of 5% and value CAGR of over 6% between 2016 and 2024. China, followed by India, are expected to lead the market in APAC. Latin America is anticipated to register a higher CAGR of 6.2%.

Key players are concentrating on scale economies i.e. emerging Asian markets. Developing countries will remain at the center stage owing to widespread availability of cost-effective labor and relatively lower costs of production. A few leading companies are Hindustan Petroleum Corp. Ltd., Chevron Philips Chemicals LLC, Liangxin petrochemical company, Exxon Mobil Corporation, and Sak Chaisidhi Company Limited. Some other prominent players competing in the market, include DHC Solvent Chemie GmbH, Bharat Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Rompetrol Rafinare S.A., Dongying Liaoning Yufeng Chemical Co., Ltd., and Royal Dutch Shell PLC.

About Us
Research Solution Insights is a U.S. based market research and consulting company. We are the best destination for your research and analytical solutions; simply because our primary and secondary sources of information are adroit to give one stop solutions. Company provides syndicated research reports, customized research reports, and consulting services.

10 rue Pierre Grange,
Zone industrielle de la pointe,
94120 Fontenay sous Bois

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release N-Hexane Market Progress & Contribution Highlighted until 2024 here

News-ID: 1634106 • Views: 176

More Releases from RESEARCH SOLUTION INSIGHTS

Infectious Disease Diagnosis Test Kits Market to Showcase Vigorous Demand during …
Global market for infectious disease diagnostic test kits is expected to gain a value of US$ 876.6 Mn in 2016, up from US$ 827.7 Mn in 2015. Increasing incidences of infectious diseases worldwide will continue to drive market by 2024 end. Asia Pacific is anticipated to form the most attractive market for infectious disease diagnostics. Browse Sample of Full report @ https://www.researchsolutioninsights.com/report/discount/230444-Infectious-Disease-Diagnosis-Test-Kits-Market Increasing rate of infectious diseases, including influenza, malaria,
Bone Densitometer Devices Market Expansion Projected to Gain an Uptick During 20 …
Bone densitometers are devices used for non-invasive measurement of bone mineral density in order to determine an individual’s bone health. This device has an essential role in the evaluation of patients at risk of osteoporosis and fracture. There are two types of bone densitometer devices available in the market viz. Axial Bone Densitometer and Peripheral Bone Densitometer. Several methods are available to measure bone density, but currently the most accurate
Biopsy Device Market Prime Economies Expected to Deliver Major Growth until 2026
Biopsy Device market is projected to reach US$ 2,621.4 Mn by 2026 due to the government initiatives to enhance availability of cancer diagnosis and treatment. Biopsy device market can be broadly classified into product segments such as guidance system, needles, guns, reagents & kits and others (brushes, curettes and punches etc.); by application such as medical diagnosis and scientific research; and by end users which are hospital, specialized oncology centre,
Automotive Ignition Coil Market Market Forecast Covering Growth Inclinations & D …
The long-term outlook on the global automotive ignition coil market remains positive, with market value expected to increase at a CAGR of 4.5% during the forecast period (2016 – 2026). Among product types, the pencil ignition coil segment is expected to expand at a significant CAGR in terms of value over the forecast period. Global sales of automotive ignition coil is estimated to be valued at US$ 2,460.9 Mn by

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small