Global Hexane Market Recent Development, Growth And Size, Share Analysis By 2022-2031

The global hexane market report by the business research company the increasing production of edible oil to be a major growth driver for the hexane market. Edible oils are dietary fats that play an important role in the body by meeting nutritional demands, promoting growth, and ensuring the appropriate functioning of the brain and nervous system, as well as the endocrine system. Hexane has been frequently employed for edible oil extraction due to its rapid oil recovery, narrow boiling point (63-69 °C), and strong solubilizing capability. For instance, according to the statista, the vegetable oil production in 2020/21, amounted to some 209.14 million metric tons worldwide. Indonesia is the major provider, accounting for 24% of global output with 47 million tonnes produced in 2020. To match its annual consumption requirement of roughly 22 million tonnes India purchases roughly 15 million tonnes of edible oils each year (almost 68%). Therefore, the increasing production of edible oil propels the growth of the hexane market.

The global hexane market size is expected to grow from $2 billion in 2021 to $2.13 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global hexane market size is expected to grow to $2.46 billion in 2026 at a CAGR of 3.7%.

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The Asia Pacific was the largest region in the hexane market in 2021. North America was the second-largest market in the global hexane market. The regions covered in the global hexane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the hexane market are Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Sumitomo Chemical Co, Mil-Spec Industries Corp, GFS Chemicals, China Petroleum & Chemical Corporation (Sinopec Corp), Rompetrol S.A., Junyuan Petroleum Group, AquaPhoenix Scientific, and Hindustan Petroleum Corporation Limited.

The global hexane market is segmented -
1) By Type: N-Hexane, Isohexane, Neohexane
2) By Grade: Polymer Grade, Food Grade, Other Grades
3) By Application: Industrial Solvents, Edible Oil Extractant, Adhesives and Sealants, Paints and Coatings, Other Applications

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The Hexane market Report Contents Include
1. Executive Summary
2. Hexane Market Characteristics
3. Hexane Market Trends And Strategies
4. Impact Of COVID-19 On Hexane
5. Hexane Market Size And Growth
.......
26. Africa Hexane Market
27. Hexane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hexane Market
29. Hexane Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the hexane market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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