Global N-Hexane Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Oil Extraction, Pharmaceutical, and Industrial

By Type;

60% N-Hexane and 80% N-Hexane

By Application;

Polymerization, Adhesives & Sealants, Industrial Cleaning & Degreasing, Rubber Processing, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn750087374 Published Date: May, 2025 Updated Date: June, 2025

N-Hexane Market Overview

N-Hexane Market (USD Million)

N-Hexane Market was valued at USD 2,218.46 million in the year 2024. The size of this market is expected to increase to USD 3,163.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.


Global N-Hexane Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 2,218.46 Million
Market Size (2031)USD 3,163.46 Million
Market ConcentrationMedium
Report Pages320
2,218.46
2024
3,163.46
2031

Major Players

  • ExxonMobil Corporation
  • Royal Dutch Shell PLC
  • Indian Oil Corporation Ltd (IndianOil)
  • Chevron Corporation
  • Phillips Chemical Company LLC
  • Bharat Petroleum Corporation Ltd (BPCL)
  • Rompetrol Rafinare S.A.
  • Hindustan Petroleum Corporation Limited (HPCL)
  • Dongying Liangxin Petrochemical Company
  • Liaoning Yufeng Chemical Co., Ltd
  • DHC Solvent Chemie GmbH
  • Sak Chaisidhi Company Limited

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global N-Hexane Market

Fragmented - Highly competitive market without dominant players


The N-Hexane Market is witnessing robust growth driven by its extensive application across various industries. N-Hexane is primarily utilized as a solvent, with nearly 50% of its demand coming from the vegetable oil extraction sector due to its excellent solvency and rapid evaporation characteristics. This widespread use underscores its essential role in diverse industrial processes.

Extensive Use in Edible Oil Extraction
A major growth driver is the application of N-Hexane in the extraction of edible oils, which accounts for approximately 60% of total consumption. This reflects its critical role in the food processing industry, where the demand for high-purity oils continues to rise.

Growing Use in Adhesives and Coatings
N-Hexane is also essential in the adhesives and coatings sector, representing about 20% of the total market share. Its quick-drying properties and high solvency make it a key ingredient in these products, supporting industries like construction and automotive.

Pharmaceutical and Chemical Sector Applications
The pharmaceutical and chemical industries also contribute significantly to N-Hexane demand, accounting for nearly 15% of overall consumption. Its role as a crucial solvent in drug manufacturing and chemical synthesis highlights its importance in these specialized fields.

Innovations Driving Market Growth
Looking ahead, the market is expected to benefit from ongoing innovations aimed at enhancing the efficiency and environmental footprint of N-Hexane, with nearly 35% of advancements focusing on sustainable solutions. This shift reflects broader trends toward more efficient and environmentally friendly industrial processes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. N-Hexane Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand in edible oil extraction processes

        2. Expanding applications in adhesives and sealants

        3. Growth in pharmaceutical and chemical industries

        4. Increasing use in industrial cleaning and degreasing

      2. Restraints
        1. Health and safety regulations

        2. Shift towards eco-friendly solvents

        3. Volatility in crude oil prices

      3. Opportunities
        1. Development of bio-based and sustainable n-hexane

        2. Expansion into emerging markets with industrial growth

        3. Technological advancements in extraction processes

        4. Diversification into new applications across industries

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. N-Hexane Market, By Grade, 2021 - 2031 (USD Million)
      1. Oil Extraction
      2. Pharmaceutical
      3. Industrial
    2. N-Hexane Market, By Type, 2021 - 2031 (USD Million
      1. 60% N-Hexane
      2. 80% N-Hexane
    3. N-Hexane Market, By Application, 2021 - 2031 (USD Million)
      1. Polymerization
      2. Adhesives & Sealants
      3. Industrial Cleaning & Degreasing
      4. Rubber Processing
      5. Others
    4. N-Hexane Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ExxonMobil Corporation
      2. Royal Dutch Shell PLC
      3. Indian Oil Corporation Ltd (IndianOil)
      4. Chevron Corporation
      5. Phillips Chemical Company LLC
      6. Bharat Petroleum Corporation Ltd (BPCL)
      7. Rompetrol Rafinare S.A.
      8. Hindustan Petroleum Corporation Limited (HPCL)
      9. Dongying Liangxin Petrochemical Company
      10. Liaoning Yufeng Chemical Co., Ltd
      11. DHC Solvent Chemie GmbH
      12. Sak Chaisidhi Company Limited
  7. Analyst Views
  8. Future Outlook of the Market