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Global N-Hexane Market Analysis, Share, Trends, Forecast: By Application: Edible Oil Extraction, Healthcare, Industrial Solvent, Adhesive Formulation, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global N-Hexane Market Outlook
The global n-hexane market attained a volume of 1.93 million tons in 2023. The industry is further projected to grow in the forecast period of 2024-2032 at a CAGR of 3.8% to reach 2.70 million tons by 2032.
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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 2020. 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.
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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.
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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:
- Royal Dutch Shell plc
- Exxon Mobil Corporation
- GFS Chemicals, Inc.
- Junyuan Petroleum Group
- 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Edible Oil Extraction, Healthcare, Industrial Solvent, Adhesive Formulation, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Royal Dutch Shell plc, Exxon Mobil Corporation, GFS Chemicals, Inc., Junyuan Petroleum Group, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2023)
8.3 Global N-Hexane Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Healthcare
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Industrial Solvent
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Adhesive Formulation
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Feedstock Market Analysis
14.1 Global Crude Oil Market Analysis
14.1.1 Key Industry Highlights
14.1.2 Global Crude Oil Historical Market (2018-2023)
14.1.3 Global Crude Oil Market Forecast (2024-2032)
14.1.4 Global Crude Oil Market by Application
14.1.5 Global Crude Oil Market by Region
14.1.6 Crude Oil Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 Royal Dutch Shell plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Demographic Reach and Achievements
15.3.1.4 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 Certifications
15.3.3 GFS Chemicals, Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Demographic Reach and Achievements
15.3.3.4 Certifications
15.3.4 Junyuan Petroleum Group
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Demographic Reach and Achievements
15.3.4.4 Certifications
15.3.5 Others
16 Industry Events and Developments
List of Key Figures and Tables
1. Global N-Hexane Market: Key Industry Highlights, 2018 and 2032
2. Global N-Hexane Historical Market: Breakup by Application (Million Tons), 2018-2023
3. Global N-Hexane Market Forecast: Breakup by Application (Million Tons), 2024-2032
4. Global N-Hexane Historical Market: Breakup by Region (Million Tons), 2018-2023
5. Global N-Hexane Market Forecast: Breakup by Region (Million Tons), 2024-2032
6. North America N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
7. North America N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
8. Europe N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
9. Europe N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Asia Pacific N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Asia Pacific N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Latin America N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Latin America N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Middle East and Africa N-Hexane Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Middle East and Africa N-Hexane Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Crude Oil Market: Key Industry Highlights, 2018 and 2032
22. Global Crude Oil Historical Market: Breakup by Application (%), 2020
22. Global Crude Oil Historical Market: Breakup by Region (%), 2020
23. Crude Oil Historical Price Trends and Forecast 2018-2028
21. Global N-Hexane Market Structure
Key Questions Answered in the Report
In 2023, the global n-hexane market reached a volume of 1.93 million tons.
The market is expected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 2.70 million tons by 2032.
The major drivers of the market are rising disposable incomes, increasing population, growing sales of leather, polypropylene, paint, and rubber, and rising adoption of n-hexane as a cleaning agent.
The rising adoption of n-hexane in the pharmaceutical industry for shaping pills and tablets and increasing use of n-hexane in vegetable oil extraction are the major trends driving the growth of the market.
The major regions in the market are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The various applications of n-hexane in the market are edible oil extraction, healthcare, industrial solvent, and adhesive formulation, among others.
The key players in the global n-hexane market are Royal Dutch Shell plc, Exxon Mobil Corporation, GFS Chemicals, Inc., and Junyuan Petroleum Group, among others.
Analyst Review
The global n-hexane market attained a volume of 1.93 million tons in 2023 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 pills and tablets, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.8%. The n-hexane market is projected to reach 2.70 million tons by 2032.
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 Royal Dutch Shell plc, Exxon Mobil Corporation, GFS Chemicals, Inc, Junyuan Petroleum Group. 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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