Hexane Market
Hexane Market Study by Extraction and Polymerization for Edible Oil Extraction, Industrial Solvents, Adhesive Formulations, and Leather Treatment from 2024 to 2034
Analysis of Hexane Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hexane Market Outlook (2024 to 2034)
The global hexane market has been valued at US$ 2.36 billion in 2024, as revealed in the recently updated research study published by Fact.MR. Revenue from the sales of hexane is projected to increase at a CAGR of 3.3% and reach US$ 3.26 billion by the end of 2034. Increasing requirements for hexane for the extraction process in the edible oil industry are attributed to the rising demand for highly efficient solvents.
Rising population and improvement in standard of living are forecasted to generate more demand for edible oil in potentially high growth countries, including India, Brazil, etc. A growing count of retail outlets along with the expanding food processing sector is set to drive requirements for edible oil, which is subsequently generating demand for hexane in product extraction procedures.
Hexane is utilized as a solvent in paints & coatings due to its use in dissolving additives, binders, and pigments. Solvents disperse or dissolve various components, including pigments, additives, extenders, and binders used in paints & coatings formulation. They are also estimated to assist in speeding up the drying and curing procedure, leading to the growing demand for solvents in the paints & coatings. The increasing use of hexane as a solvent, which is used as a cleaning agent in various industries, including printing, furniture, shoemaking, textile, etc., is creating remunerative opportunities for market players.
In the healthcare and pharmaceutical industries, hexane is consumed as a liquid in the production of tablet molds and low-temperature thermometers. In the furniture industry, it finds application as a veneer, which is produced from cleaners, lacquers, and adhesives. Moreover, hexane is utilized for the preparation of leather dressing, especially in assembling shoes. It is applied on leather as a lubricant, particularly the ones utilized for enhancing its aesthetic appeal.
- Global demand for hexane for leather treatment is forecasted to increase at a CAGR of 4.6% from 2024 to 2034.
- North America is approximated to account for 27.6% of the global hexane market share by the end of 2034.
- Sales of hexane in South Korea are projected to rise at 5.2% CAGR from 2024 to 2034.
| Report Attribute | Detail |
|---|---|
| Hexane Market Size (2024E) | US$ 2.36 Billion |
| Forecasted Market Value (2034F) | US$ 3.26 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.3% CAGR |
| Market Share of Extraction Segment (2034F) | 28.4% |
| East Asia Market Share (2034F) | 28.5% |
| Japan Market Growth Rate (2024 to 2034) | 2.6% CAGR |
| Key Companies Profiled | Bharat Petroleum Corporation Ltd.; Jun Yuan Petroleum Group; Royal Dutch Shell Plc.; Exxon Mobil Corporation; Sumitomo Chemical Co. Ltd.; Phillips 66; Rompetrol Rafinare; China Petroleum & Chemical Corporation (SINOPEC); Petroleo Brasileiro SA; Indian Oil Corporation Ltd.; Hindustan Petroleum Corporation Limited; Thai Oil Public Company Limited. |
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Why Responsible for Increasing Sales of Hexane?
“Growing Consumption of Hexane for Extraction of Non-polar Carotenes”
Extraction of non-polar carotenes is possible with the utilization of solvents, including petroleum, ether, hexane, etc. Hexane is used in solvent mixture utilized for extracting non-polar carotenes. This is anticipated to result in a growing yield of hexane, making it a more preferred substance in the derivation of non-polar carotene.
Despite the higher efficiency of methane and chloroform-based formulation, their utilization is restricted to some extent due to the hazards caused to the environment and human health. This is forecasted to favor requirements for hexane solvents utilized in non-polar carotene extraction for their comparatively less toxic nature.
“Increasing Demand for Hexane as a Solvent for Edible Oils”
Hexane comes with an improved ability for oil extraction compared to other solvents, including ethyl acetate, petroleum ether, etc. It finds extensive application in extracting edible oils from seeds and vegetables, such as mustard seed, cottonseed, soybean, flax, rape seed, corn germ, groundnut, safflower, palm, and corn germ. It assists in extracting significant oil quantity while eliminating undesirable oil odor. Further, the recyclability of this solvent is contributing to the hexane market growth.
Which Challenges are Encountered by Hexane Manufacturers?
“Stringent Laws Regarding Environment Conservation”
Growing use of toxic chemicals is estimated to adversely impact the environment, which is expected to lead to a climate emergency. Governments in various countries are implementing stringent regulations for controlling the harmful impacts of chemicals on the environment and protecting it from deterioration. These norms are limiting demand for hexane due to its contribution to environmental pollution. The toxic and highly flammable nature of hexane is anticipated to increase concerns about its disposal as it is forecasted to adverse impact environment.
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What is the Contribution of Startups in Expanding Hexane Market Size?
“Focusing on R&D Activities for Developing Safer Hexane”
Startups are anticipated to invest more in R&D activities conducted to develop recyclable hexane, which is comparatively more environmentally friendly. This is estimated to help them attract new customers and generate leads.
Country-wise Insights
A recently updated report by Fact.MR, a market research and competitive intelligence provider, asserts that East Asia is projected to hold 28.5% share of global market revenue by the end of 2034. Favorable government policies in some of the regional countries contribute to increased industrial activities, which are expected to open up remunerative opportunities for hexane manufacturers.
What are the Growth Prospects in the United States Market?
“High Consumption of Packaged Food Products and Cooking Oil Driving Demand for Hexane as Solvent”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 462.9 Million |
| Growth Rate (2024 to 2034) | 3.6% CAGR |
| Projected Value (2034F) | US$ 661.4 Million |
The United States is approximated to account for 73.5% share of the North American market revenue by the end of 2034. Growing consumption of hexane in multiple industries, including pharmaceuticals, cosmetics, etc., and rising industrial production are driving lucrative opportunities for market players. Growing consumption of packaged food products along with the rising use of cooking oil is anticipated to generate demand for leather, which subsequently stimulates sales of hexane as a solvent.
What Opportunities Await Hexane Manufacturers in China?
“Presence of Well-established Agriculture Industry Forming Ground for Increased Hexane Production”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 376.7 Million |
| Growth Rate (2024 to 2034) | 3.5% CAGR |
| Projected Value (2034F) | US$ 532.4 Million |
China is evaluated to capture 57.3% of the East Asian market share by 2034. The presence of a highly lucrative agriculture industry in the county plays a pivotal role in edible oil extraction. An expansion of the food service industry with evolving consumer trends is estimated to generate requirements for food-grade hexane. Moreover, the presence of various end-use industries, such as cosmetics, food & beverages, pharmaceuticals, etc., is anticipated to contribute to the rising consumption of hexane in China.
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Category-wise Insights
The growing consumption of hexane as an industrial solvent is attributed to its various properties. Low water solubility, easy miscibility with alcohol, chloroform, and ether, and the colorless nature of hexane are estimated to result in generating remunerative opportunities for market players.
Which Grade of Hexane is Set to Exhibit Higher Demand?
“Increasing Use of Extraction Grade Hexane in Several Industries”
| Attribute | Extraction |
|---|---|
| Segment Value (2024E) | US$ 699.8 Million |
| Growth Rate (2024 to 2034) | 2.8% CAGR |
| Projected Value (2034F) | US$ 925.9 Million |
Based on grade, hexane for extraction purposes is anticipated to possess 28.4% share of the global market by the end of 2034. It is used extensively for extraction purposes. Increasing requirements for packaged food products and edible oil are estimated to generate demand for hexane. Growing emphasis on high development standards by the extraction and food industries is expected to positively influence hexane market trends.
Why is Consumption of Hexane Increasing as an Industrial Solvent?
“Easy Miscibility and Low Water Solubility of Hexane”
| Attribute | Industrial Solvents |
|---|---|
| Segment Value (2024E) | US$ 676.3 Million |
| Growth Rate (2024 to 2034) | 3% CAGR |
| Projected Value (2034F) | US$ 909.6 Million |
Industrial solvents are forecasted to occupy 27.9% share of the global market revenue by 2034-end. Various properties of hexane, including easy miscibility with alcohol, chloroform, and ether, colorless nature, and low water solubility are estimated to lead to its rising consumption in various industries, such as furniture, footwear, textiles, and printing. Solvents are used as invaluable solutions for multiple industries, ranging from applications in printing and cleaning products to manufacturing paints, inks, adhesives, coatings, cosmetics, and pharmaceuticals.
Competitive Landscape
Leading market players are investing in R&D activities to diversify their offerings and advance their product portfolio to get a competitive edge over their competitors. In addition, the active involvement of hexane manufacturers in the supply of quality products, new product development, and efficient management of their supply chain systems is estimated to help them secure a position for themselves.
Fact.MR provides detailed information about the price points of key manufacturers of hexane positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Hexane Market Research
-
By Grade :
- Extraction
- Polymerization
- Other Grades
-
By Application :
- Edible Oil Extraction
- Industrial Solvents
- Adhesive Formulations
- Leather Treatment
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Grade 6.2. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grade 7.1. Extraction 7.2. Polymerization 7.3. Other Grades 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 8.1. Edible Oil Extraction 8.2. Industrial Solvents 8.3. Adhesive Formulations 8.4. Leather Treatment 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Grade, Application, and Region for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Bharat Petroleum Corporation Ltd. 19.2. Jun Yuan Petroleum Group 19.3. Royal Dutch Shell Plc. 19.4. Exxon Mobil Corporation 19.5. Sumitomo Chemical Co. Ltd. 19.6. Phillips 66 19.7. Rompetrol Rafinare 19.8. China Petroleum & Chemical Corporation (SINOPEC) 19.9. Petroleo Brasileiro SA 19.10. Indian Oil Corporation Ltd. 19.11. Hindustan Petroleum Corporation Limited 19.12. Thai Oil Public Company Limited 20. Assumptions and Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
What is the market demand for hexane in 2024?
The global hexane market is set to reach US$ 2.36 billion in 2024.
What is the demand outlook for hexane for 2034?
Global demand for hexane is approximated to reach a market value of US$ 3.26 billion by 2034.
At what CAGR is the global market forecasted to expand?
The market for hexane is evaluated to expand at 3.3% CAGR from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is calculated to capture 28.5% share of the global market by 2034.
At what rate is the demand for hexane forecasted to accelerate in South Korea?
The market in South Korea is projected to climb at a CAGR of 5.2% from 2024 to 2034.
How much share of global market revenue is held by hexane as an industrial solvent?
Hexane for use as industrial solvents is expected to account for 27.9% of global market revenue share by 2034.
Who are the prominent manufacturers of hexane?
Some of the key manufacturers of hexane include Royal Dutch Shell Plc., Exxon Mobil Corporation, Phillips 66, Rompetrol Rafinare, and Petroleo Brasileiro SA.
What is hexane commonly used for?
Hexane is utilized for the extraction of edible oils from vegetables and seeds, as a cleaning agent, and as a special-use solvent.
Hexane Market