Hexane Global Market Report 2022 – By Type (N-Hexane, Isohexane, Neohexane), By Grade (Polymer Grade, Food Grade, Other Grades), By Application (: Industrial Solvents, Edible Oil Extractant, Adhesives and Sealants, Paints and Coatings, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : April 2022 | SKU CODE : h750 | Delivery Time: 2-3 business days | Format :


The hexane market consists of sales of hexane by entities (organizations, sole traders, and partnerships) that are engaged in the production of hexane. Hexane is a colorless, flammable liquid that is used as a solvent and is created from the distillation of petroleum. It is commonly used as a non-polar solvent that is very volatile, inexpensive, generally safe, and easily evaporated.

The main types of hexane are n-hexane, isohexane, and neohexene. N-hexane is a highly combustible chemical derived from crude oil and it is a colorless liquid with a mildly unpleasant odor. The different grades include polymer grade, food grade, and other grades and are used in industrial solvents, edible oil extractants, adhesives and sealants, paints and coatings, and other application areas.

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%.

The increasing production of edible oil is expected to drive the growth of the hexane market in the coming years. 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.

Increasing investments are shaping the hexane market in recent times. Major companies operating in the hexane sector are focused on investments to improve energy efficiency and minimize the environmental effect. For instance, in July 2019, Rompetrol Rafinare, a Romania-based company primarily engaged in the operation of refineries invested roughly $2 million in the refurbishment of its smaller refinery Vega in Ploiesti. The company will spend an additional $10 million to lessen the refinery's impact on the surrounding area. Simultaneously, an estimated $10 million will be devoted to environmental compliance initiatives, which will have a direct influence on decreasing the refinery's effect on its neighbors and the environment.

In August 2019, ExxonMobil, a US-based natural gas company collaborated with JL Goor Materials Ltd for an undisclosed amount. Through this collaboration, JL Goor materials distribute hexane-based rotational molding resins in Ireland and Great Britain. JL Goor Materials Ltd is an Ireland-based company that distributes polymer products throughout Ireland.

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.

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.

The countries covered in the hexane market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global hexane market is segmented -

1) By Type: N-Hexane, Isohexane, Neohexane

2) By Grade: Polymer Grade, Food Grade, Others

3) By Application: Industrial Solvents, Edible Oil Extractant, Adhesives and Sealants, Paints and Coatings, Others

    Table Of Contents

    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

    5.1. Global Hexane Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Hexane Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Hexane Market Segmentation

    6.1. Global Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    N-Hexane

    Isohexane

    Neohexane

    6.2. Global Hexane Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Polymer Grade

    Food Grade

    Other Grades

    6.3. Global Hexane Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Industrial Solvents

    Edible Oil Extractant

    Adhesives and Sealants

    Paints and Coatings

    Other Applications

    7. Hexane Market Regional And Country Analysis

    7.1. Global Hexane Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Hexane Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Hexane Market

    8.1. Asia-Pacific Hexane Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Hexane Market

    9.1. China Hexane Market Overview

    9.2. China Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Hexane Market

    10.1. India Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Hexane Market

    11.1. Japan Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Hexane Market

    12.1. Australia Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Hexane Market

    13.1. Indonesia Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Hexane Market

    14.1. South Korea Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Hexane Market

    15.1. Western Europe Hexane Market Overview

    15.2. Western Europe Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Hexane Market

    16.1. UK Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Hexane Market

    17.1. Germany Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Hexane Market

    18.4. France Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Hexane Market

    19.1. Eastern Europe Hexane Market Overview

    19.2. Eastern Europe Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Hexane Market

    20.1. Russia Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Hexane Market

    21.1. North America Hexane Market Overview

    21.2. North America Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Hexane Market

    22.1. USA Hexane Market Overview

    22.2. USA Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Hexane Market

    23.1. South America Hexane Market Overview

    23.2. South America Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Hexane Market

    24.1. Brazil Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Hexane Market

    25.1. Middle East Hexane Market Overview

    25.2. Middle East Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Hexane Market

    26.1. Africa Hexane Market Overview

    26.2. Africa Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Hexane Market Competitive Landscape And Company Profiles

    27.1. Hexane Market Competitive Landscape

    27.2. Hexane Market Company Profiles

    27.2.1. Exxon Mobil Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Bharat Petroleum Corporation Limited

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Sumitomo Chemical Co

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Mil-Spec Industries Corp

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. GFS Chemicals

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Hexane Market

    29. Hexane Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Hexane Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Hexane Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Hexane Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Hexane Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Hexane Market, Segmentation By Aplication, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Exxon Mobil Corporation Financial Performance
  • Table 47: Bharat Petroleum Corporation Limited Financial Performance
  • Table 48: Sumitomo Chemical Co Financial Performance
  • Table 49: Mil-Spec Industries Corp Financial Performance
  • Table 50: GFS Chemicals Financial Performance

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