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Hexane Market worth $3.25 billion by 2030, growing at a CAGR of 5.37% - Exclusive Report by 360iResearch
Hexane Market | 360iResearch
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Hexane, a hydrocarbon of the alkane series with the formula C6H14, is frequently sourced from petroleum and natural gas via crude oil refining. Its primary isomer, n-hexane, plays a pivotal role across several industries due to its solvent capabilities, cost-effectiveness, and efficiency in separation and purification processes. Significant applications encompass oil extraction from seeds and vegetables, pharmaceuticals, polymerization, adhesive production, and industrial cleaning. Hexane is indispensable in sectors such as food and beverage, pharmaceuticals, chemical manufacturing, textile and garment, automotive, and consumer goods manufacturing. Key growth drivers for the hexane market include rising edible oil demand, expansion in pharmaceuticals, diverse industrial solvent applications, and evolving regulatory standards necessitating improved, less-toxic alternatives. Opportunities for market expansion lie in developing sustainable extraction techniques, targeting emerging markets in Asia-Pacific and Latin America, advancing solvent recovery technologies, and formulating hexane with reduced health risks. Challenges involve addressing health risks like peripheral neuropathy, navigating stringent regulatory restrictions, managing volatility and storage issues, and competing with greener solvent alternatives. Innovation areas include creating biodegradable solvents, enhancing solvent recovery, exploring alternative extraction methods like supercritical CO2, aligning hexane use with zero-emission goals, and improving application efficiency. The hexane market's competitive nature is influenced by global crude oil prices and strict regulatory landscapes. Thus, adopting eco-friendly methods, investing in research, and concentrating on high-growth regions are essential strategies for leveraging market dynamics effectively.
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Market Segmentation & Coverage:
This research report categorizes the Hexane Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Iso-Hexane, n-Hexane, and Neo-Hexane.
Based on Grade, market is studied across Food Grade and Polymer Grade.
Based on Application, market is studied across Oil Extraction, Pharmaceuticals, and Polymerization.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Hexane Market, highlighting leading vendors and their innovative profiles. These include Arham Petrochem Private Limited, Exxon Mobil Corporation, Mehta Petro Refineries Ltd., Bitolea S.P.A., Shell PLC, Biosolve Chimie, France, TotalEnergies SE, Capitol Scientific, Inc., BASF SE, ChemSupply Australia, Hydrite Chemical Co., GreenChem Industries, LLC, Dawn Scientific Inc., Indian Oil Corporation Limited, Tedia Company, Inc., Möller Chemie GmbH & Co. KG, G.J. Chemical, China Petrochemical Corporation, Continental Industries Group, Inc.., Arkem Kimya San. Tic. A.Ş, Asahi Kasei Corporation, Del Amo Chemical Company, Evonik Industries AG, Haltermann Carless Group, AquaPhoenix Scientific, LLC, Rompetrol Rafinare by KMG International N.V., Bharat Petroleum Corporation Limited, Noah Chemicals, Inc., Obetech Pacific Sdn. Bhd., Datta Hydro Chem Private Limited, Merck KGaA, Oberoi Refining Industry Pvt.ltd., Hridaan Pharma Chem, Hindustan Petroleum Corporation Limited, Otto Chemie Pvt. Ltd., Toray Industries, Inc., Phillips 66 Company, United Initiators GmbH, GFS Chemicals, Inc., Dubi Chem Marine International, Sumitomo Chemical Co., Ltd., Hwatsi Chemical Pvt. Ltd., Mercury Chemicals Pte Ltd., Liaoning Yufeng Chemical Co., Ltd., Spectrum Laboratory Products, Inc., Honeywell International Inc., Gadiv Petrochemical Industries Ltd., Avantor, Inc., and Jun Yuan Petroleum Group.
Introducing 360iResearch AI: Revolutionizing Market Intelligence with AI-Powered Insights for the Hexane Market
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Hexane Market, by Type
7. Hexane Market, by Grade
8. Hexane Market, by Application
9. Americas Hexane Market
10. Asia-Pacific Hexane Market
11. Europe, Middle East & Africa Hexane Market
12. Competitive Landscape
13. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Hexane Market Set to Surge Significantly During 2031
𝐇𝐞𝐱𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏
The global hexane market was valued at US$ 1.9 Bn in 2021
It is estimated to grow at a CAGR of 3.9% from 2022 to 2031
The global hexane market is expected to reach US$ 2.9 Bn by the end of 2031
𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/hexane-market.html
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Hexane, also known as n-hexane or hexyl hydride, is an aliphatic hydrocarbon derived from fractional distillation of crude oil/natural gas. It…
