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Global N-Hexane Market: By Application: Edible Oil Extraction, Healthcare, Industrial Solvent, Adhesive Formulation, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Manufacturing Process; Feedstock Market Analysis; Competitive Landscape; Industry Events and Developments

Global N-Hexane Market Outlook 

The global n-hexane market attained a volume of 2.75 million tons in 2019. The industry is further projected to grow in the forecast period of 2020-2025 at a CAGR of 1.6% to reach 3.03 million tons by 2025. 

Based on the application, the edible oil extraction segment accounted for the majority of the global market share as it provides a high yield from the oilseeds. Also, it is beneficial as it can be reused after the extraction process. Regionally, the Asia Pacific represented the largest regional n-hexane market in 2019. This regional growth can be attributed to the increasing population, coupled with the growing demand for refined oil in countries like India and China.

 

Properties and Applications 

N-hexane is a volatile aliphatic hydrocarbon that is procured from crude oil and natural gas. It can also be obtained from sugar cane wastes by employing special catalysts. N-hexane is colourless in the purest form and has an unpleasant odour, identical to petroleum. Also, it is highly flammable and comprises of explosive vapours due to which it is mostly mixed with other solvents before used in the production of different products. Moreover, it is commonly used in the form of an industrial chemical and laboratory reagent. Solvents containing n-hexane are also used in the extraction of vegetable oils from oilseeds such as corn, sunflower, and soybeans.

The n-hexane market can be broadly segregated on the basis of its application segment into:

  • Edible Oil Extraction
  • Healthcare
  • Industrial Solvent
  • Adhesive Formulation

The EMR report looks into the regional markets in the global n-hexane market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Market Analysis 

N-hexane is widely used as a primary solvent in industrial and chemical products such as leather, polypropylene, paint, and rubber. Increasing sales of these products are anticipated to drive the demand for n-hexane over the forecast period. The rising adoption of n-hexane in the pharmaceutical industry for shaping pills and tablets, along with its use in various synthesis and separations processes, are expected to propel the growth of the n-hexane market over the forecast period. Moreover, it offers many advantages over other solvents such as cost-effectiveness and recyclability.

Additionally, it is easy to remove from solids and oil, due to which there has been an apparent shift towards its use in various applications. Rapid urbanization, growing global population, and inflating income levels are also stimulating the demand for n-hexane. In addition to this, n-hexane is widely utilized in vegetable oil extraction as it aids in removing odour and unwanted taste. Furthermore, the growing demand for n-Hexane as a cleaning agent in various end-use industries such as cleaning and textile is likely to uplift the n-hexane market in the coming years.

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global n-hexane market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Shell Chemicals
  • Exxon Mobil Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global N-Hexane Market Analysis
    8.1    Key Industry Highlights
    8.2    Global N-Hexane Historical Market (2015-2019) 
    8.3    Global N-Hexane Market Forecast (2020-2025)
    8.4    Global N-Hexane Market by Application
        8.4.1    Edible Oil Extraction
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Healthcare
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Industrial Solvent
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Adhesive Formulation
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Others
    8.5    Global N-Hexane Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Market by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Market by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Market by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Market by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Market by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.5    Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
13    Manufacturing Process
    13.1    Detailed Process Flow
    13.2    Operations Involved
    13.3    Mass Balance
14    Feedstock Market Analysis
    14.1    Global Naphtha Market Analysis
        14.1.1    Key Industry Highlights 
        14.1.2    Global Naphtha Historical Market (2015-2019) 
        14.1.3    Global Naphtha Market Forecast (2020-2025)
        14.1.4    Global Naphtha Market by Application
        14.1.5    Global Naphtha Market by Region
        14.1.6    Historical Price Trends (2015-2019) and Forecast (2020-2025)
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players’ Market Share
    15.3    Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
        15.3.1    Shell Chemicals
            15.3.1.1    Company Overview
            15.3.1.2    Product Portfolio
            15.3.1.3    Demographic Reach and Achievements
            15.3.1.4    Financial Summary
            15.3.1.5    Certifications
        15.3.2    Exxon Mobil Corporation
            15.3.2.1    Company Overview
            15.3.2.2    Product Portfolio
            15.3.2.3    Demographic Reach and Achievements
            15.3.2.4    Financial Summary
            15.3.2.5    Certifications
        15.3.3    Others
16    Industry Events and Developments


List of Figures and Tables

1.    Global N-Hexane Market: Key Industry Highlights, 2015 and 2025
2.    Global N-Hexane Historical Market: Breakup by Application (Million Tons), 2015-2019
3.    Global N-Hexane Market Forecast: Breakup by Application (Million Tons), 2020-2025
4.    Global N-Hexane Historical Market: Breakup by Region (Million Tons), 2015-2019
5.    Global N-Hexane Market Forecast: Breakup by Region (Million Tons), 2020-2025
6.    North America N-Hexane Historical Market: Breakup by Country (Million Tons), 2015-2019
7.    North America N-Hexane Market Forecast: Breakup by Country (Million Tons), 2020-2025
8.    Europe N-Hexane Historical Market: Breakup by Country (Million Tons), 2015-2019
9.    Europe N-Hexane Market Forecast: Breakup by Country (Million Tons), 2020-2025
10.    Asia Pacific N-Hexane Historical Market: Breakup by Country (Million Tons), 2015-2019
11.    Asia Pacific N-Hexane Market Forecast: Breakup by Country (Million Tons), 2020-2025
12.    Latin America N-Hexane Historical Market: Breakup by Country (Million Tons), 2015-2019
13.    Latin America N-Hexane Market Forecast: Breakup by Country (Million Tons), 2020-2025
14.    Middle East and Africa N-Hexane Historical Market: Breakup by Country (Million Tons), 2015-2019
15.    Middle East and Africa N-Hexane Market Forecast: Breakup by Country (Million Tons), 2020-2025
16.    North America Historical Price Trends and Forecast 2015-2025
17.    Europe Historical Price Trends and Forecast 2015-2025
18.    Asia Pacific Historical Price Trends and Forecast 2015-2025
19.    Latin America Historical Price Trends and Forecast 2015-2025
20.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
21.    Global N-Hexane Market Structure

Key Questions Answered in the Report

In 2019, the global n-hexane market reached a volume of 2.75 million tons. 

In the forecast period of 2020-2025, the market is expected to grow at a CAGR of 1.6%.

By 2025, the n-hexane market is estimated to reach 3.03 million tons. 

The major drivers of the industry, such as rising disposable incomes, increasing population, growing sales of leather, polypropylene, paint, and rubber, increasing use of the product in vegetable oil extraction, and increasing adoption of the product as a cleaning agent are expected to aid the market growth.

The rising adoption of n-hexane in the pharmaceutical industry for shaping pill and tablets is a major trend driving the growth of the industry.

The major regions in the industry are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.

The edible oil extraction segment accounts for the largest market share among other application segments. 

The key players in the industry are Shell Chemicals and Exxon Mobil Corporation, among others.

Analyst Review

The global n-hexane market attained a volume of 2.75 million tons in 2019 driven by the rising use of the product in vegetable oil extraction. Aided by the growing adoption of the product in the pharmaceutical industry for shaping pill and tablets, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 1.6%. The n-hexane market is projected to reach 3.03 million tons by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of application, edible oil extraction sector accounts for the largest share in the n-hexane market. The major regional markets for n-hexane are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above industry include Shell Chemicals and Exxon Mobil Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.  

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