Global Hexane Market Growth 2019-2024
The major use for solvents containing hexane is to extract vegetable oils from crops such as soybeans, flax, peanuts, and safflower seed. They are also used as cleaning agents in the textile, furniture, shoemaking, and printing industries, particularly rotogravure printing. Hexane is also an ingredient of special glues that are used in the roofing, shoe, and leather industries. Hexane is used in binding books, working leather, shaping pills and tablets, canning, manufacturing tires, and making baseballs.
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The global production of hexane increases from 556.1 K MT in 2010 to 782.6 K MT in 2014, with an average growth rate of more than 8.21%. Asia is the major manufacturing market in the world with more than half of the global total production volume, especially China, which holds 32.24% in 2014. Shell is the world leader, which holds the 14.02% production market share in 2014. Phillipes 66 is the second biggest manufacturer with production of 47.6 K MT in 2014 and SINOPEC is the China leader with production share of 5.20% in 2014.
Hexane downstream is main edible-oil extractant and industrial solvents. China is the major consumption market in the world. America costs 17.06% of global hexane, while Asia (except China) holds 19.40% of the global consumption market share in 2014. Due to the pollution during the process and the toxicity of hexane, the import and export is not too much.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer.
According to this study, over the next five years the Hexane market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hexane business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Hexane market by product type, application, key manufacturers and key regions and countries.
This study considers the Hexane value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Adhesives & Sealants
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This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Chevron Phillips Chemical
Fuji Heavy Industries
ZT League Chemical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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To study and analyze the global Hexane consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hexane market by identifying its various subsegments.
Focuses on the key global Hexane manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hexane with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hexane submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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