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

By Grade;

Oil Extraction, Pharmaceutical and Industrial.

By Application;

Oil Extraction, Polymerization, Pharmaceutical, Adhesives & Sealants, Industrial Cleaning & Degreasing, Rubber Processing, Others.

By Geography;

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

Introduction

Global N-Hexane Market (USD Million), 2021 - 2031

In the year 2024, the Global N-Hexane Market was valued at USD 2,218.46 million. 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%.

The global n-hexane market plays a pivotal role in various industrial sectors, driven primarily by its versatile applications and widespread utility. N-hexane, a colorless liquid hydrocarbon derived from crude oil refining, is renowned for its efficiency as a solvent in industries such as oil extraction, pharmaceuticals, and adhesive manufacturing. Its ability to dissolve a wide range of compounds makes it indispensable in extraction processes, particularly in the extraction of vegetable oils and in the production of adhesives where purity and solvent strength are crucial.

The market for n-hexane is influenced by several key factors including its demand in the expanding food processing industry where it is used in the extraction of edible oils from seeds and vegetables. Moreover, the chemical's role as a cleaning agent and in the production of synthetic rubber further bolsters its demand across various manufacturing sectors globally. Geographically, the market is driven by the industrial growth in regions such as Asia Pacific, North America, and Europe, where robust manufacturing activities and increasing demand for consumer goods propel the need for efficient solvents like n-hexane.

In recent years, environmental and health concerns related to n-hexane's toxicity have prompted regulatory scrutiny and spurred efforts towards developing safer alternatives. This has led to a nuanced market landscape with increasing focus on eco-friendly solvents and stringent regulatory frameworks. Despite these challenges, technological advancements and innovations continue to drive the evolution of the n-hexane market, ensuring its continued relevance in industrial applications worldwide.

  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 Application
    3. Market Snapshot, By Region
  4. Global N-Hexane Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrialization
        2. Oil extraction
        3. Pharmaceuticals
        4. Adhesives
      2. Restraints
        1. Environmental concerns
        2. Health and safety regulations
        3. Shift towards eco-friendly solvents
        4. Volatility in crude oil prices
      3. Opportunities
        1. Green solvents
        2. Research and development
        3. Emerging markets
        4. Sustainable practices
    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. Global N-Hexane Market, By Grade, 2021 - 2031 (USD Million)
      1. Oil Extraction
      2. Pharmaceutical
      3. Industrial
    2. Global N-Hexane Market, By Application, 2021 - 2031 (USD Million)
      1. Oil Extraction
      2. Polymerization
      3. Pharmaceutical
      4. Adhesives & Sealants
      5. Industrial Cleaning & Degreasing
      6. Rubber Processing
      7. Others
    3. Global 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
        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