Hexane Market worth $ 3.1 billion by 2027 | Key players China Petroleum & Chemical Corporation, Shell plc, Exxon Mobil Corporation, Rompetrol-Rafinare, Junyuan Petroleum Group, TotalEnergies & More...

According to recent market research the "Hexane Market by Grade (Oil Extraction/Food, Pharmaceutical, and Industrial), Application (Oil Extraction, Pharmaceutical, Industrial Cleaning and Degreasing, Polymerization), and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2027", is projected to reach USD 3.1 billion by 2027 from USD 2.4 billion in 2022, at a CAGR of 4.8%, during the forecast period. Steady demand from the edible oils market is driving the demand for hexane.

187 market data Tables and 47 Figures spread through 178 Pages and in-depth TOC on "Hexane Market - Global Forecast to 2027"

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Industrial grade hexane is used in industries as a cleaning agent, in the formulation of glues, as an additive in consumer products and to extract oil and grease contaminates from soil and water for analysis in laboratories. Thus, the usage of industrial grade hexane in various industries is expected to drive demand.

Hexane is used as a reaction medium for polymerizations. Growth of major end-use industries of polymer foam such as building & construction, furniture & bedding, and packaging industry is expected to increase demand for polymers. Thus, growth in demand for polymer is expected to create high growth potential for hexane market.

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Europe was the second-largest market in 2021 by value. Germany accounted for the largest market share in the region. The food industry in Germany is growing at a high rate, creating significant growth potential for the hexane market in the country. Also, the country has a strong pharmaceutical sector which contributes a significant share to the entire economy. Thus, the growth of the food and pharmaceutical sectors is expected to boost the market for hexane.

Some of the leading players in this market include China Petroleum & Chemical Corporation (China), Shell plc (UK), Exxon Mobil Corporation (US), Rompetrol-Rafinare (Romania), Junyuan Petroleum Group (China), TotalEnergies (France), Phillips 66 Company (US), Indian Oil Corporation Ltd (India), Petróleo Brasileiro S.A. (Brazil), Bharat Petroleum Corporation Limited (India), Hindustan Petroleum Corporation Limited (India), Honeywell International Inc. (US), Sumitomo Chemical (Japan), among others.

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Shell plc is one of the major players in the global hexane market. Shell plc, commonly known as Shell, is a vertically integrated company that is active in upstream, integrated gas, chemicals, and oil products. The company offers various grades of hexane as a part of its chemicals business segment. Along with hexane, the company provides high purity dearomatized hydrocarbon solvents, for instance, heptane. Shell is also involved in sulphur solutions and other energy-related businesses. Its manufacturing facilities are in Durban, Canada, Texas, China, Malaysia, Singapore, Germany, Netherlands, the UK, and Qatar. The company produces and markets the Shell Chemicals special boiling point (SBP) solvents for degreasing, varnishing, glues, and clothing across about 100 countries in regions, such as Europe, Americas, Middle East & Africa, and Asia Pacific.

Another important player in the global hexane market is China Petroleum & Chemical Corporation. China Petroleum & Chemical Corporation, commonly known as Sinopec Corp., is one of the leading energy and chemical firms in the world. It is a subsidiary of China Petrochemical Corporation. Principal businesses of the company include exploration, production, transportation, sales of petroleum, and natural gas. The company is also engaged in the production and sale of refinery products, petrochemicals, coal chemical products, synthetic fibre, and other chemical products. The company manufactures and markets hexane through its subsidiary, Sinopec Sichuan Hydrocarbon Solvents Co., Ltd. Along with hexane, this subsidiary offers heptane, octane, white spirit, isoalkanes, hydrocarbon cleaning solvents, and dearomatized hydrocarbon solvents, among other products. The subsidiary is in Sichuan, China. China Petrochemical Corporation has a strong distribution channel and markets its products to countries including Mainland China, and Singapore.

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