Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Hexane Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Hexane Market?
The market size for Hexane has consistently expanded in the past few years. It is projected to rise from $2.39 billion in 2024 to $2.47 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.3%.
What Are the Expected Market Growth Trends for the Hexane Market Through 2029?
In 2029, the Hexane market is anticipated to reach a size of $3.31 billion, growing at a compound annual growth rate (CAGR) of 7.6%.
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What Are the Key Business Drivers in the Hexane Market Landscape?
The key Drivers in the hexane market are:
• Increased production of edible oil driving the market growth
• Role of edible oils in meeting nutritional needs and promoting growth
• Enhanced functioning of the brain, nervous and endocrine systems due to edible oils
• Hexane's frequent usage in edible oil extraction for its efficient oil recovery and solubilizing capability
How Is the Hexane Market Divided Across Key Categories?
The hexanemarket covered in this report 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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What Are the Ongoing Trends in the Hexane Market?
The key trends in the hexane market are:
• Strategic partnerships and collaborations among industry players have become a key evolving trend in the hexane market.
• The use of specialized technology for the production of hexene-1 from ethylene is gaining prominence.
• Companies are expected to enter licensing agreements with international manufacturers, highlighting a trend towards global reach and expansion.
• A growing trend is also observed in integrating technologies into complex design solutions for the development of advanced manufacturing capacities.
Which Companies are Expanding in the Hexane Industry?
The key players in the hexane market are:
• Exxon Mobil Corporation
• Bharat Petroleum Corporation Limited
• China Petroleum & Chemical Corporation (Sinopec Corp)
• GFS Chemicals
• Hindustan Petroleum Corporation Limited
• Junyuan Petroleum Group
• Rompetrol S.A.
• Sumitomo Chemical Co.
• Chevron Corporation
• China National Petroleum Corporation
• CPC Corporation
• Eni SPA
• Formosa Plastics Group
• Gazprom promyshlennost
• Idemitsu Kosan Co., Ltd.
• Indian Oil Corporation
• Ineos Group
• Lotte Chemical Corporation
• Langepas, Uray and Kogalym oil
• Marathon Petroleum
• Mitsubishi Chemical Corporation
• Neste Abp in Swedish
• Neste Corporation
• Petróleos Mexicanos
• Petróleo Brasileiro S.A.
• Petroliam Nasional Berhad
• Phillips 66 Company
• Qatar Petroleum
• Reliance Industries
• Royal Dutch Shell
• Sasol Ltd.
• China Petroleum & Chemical Corporation
• Thai Oil Public Company Limited
• Total S.A.
• Yacimientos Petrolíferos Fiscales
• [Listed Companies]
Which is the Largest Region the Global Hexane Market?
Asia-Pacific was the largest region in the hexane market in 2024
