Global Hexane Market Size Study, by Grade (Oil Extraction/Food, Pharmaceutical, Industrial), Application (Oil Extraction, Pharmaceutical, Industrial Cleaning and Degreasing, Polymerization), and Regional Forecasts 2022-2032

Description

The Global Hexane Market is estimated to be valued at approximately USD 2.52 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.80% over the forecast period 2024-2032. Hexane, a volatile and versatile hydrocarbon, finds extensive applications across various industries due to its exceptional solvent properties and low boiling point. This aliphatic compound is integral to the oil extraction process, pharmaceutical production, and industrial cleaning operations, owing to its efficiency and ability to produce high-purity extracts.

The burgeoning demand for hexane is underpinned by its vital role in the extraction of edible oils from seeds and vegetables. In the pharmaceutical sector, hexane facilitates complex chemical syntheses and purification processes, reinforcing its indispensability in drug formulation and quality assurance. Meanwhile, its use as a polymerization solvent and in cleaning and degreasing operations in the industrial domain continues to expand. Despite its widespread utility, the market faces challenges such as environmental concerns associated with volatile organic compound (VOC) emissions and stringent regulatory policies that could constrain growth.

Regionally, North America dominates the hexane market due to its robust industrial base and advanced technological capabilities in oil extraction and pharmaceutical manufacturing. Europe follows closely, driven by its emphasis on sustainable practices and strict regulatory frameworks favoring environmentally compliant solvents. The Asia Pacific region, however, is expected to register the fastest growth rate during the forecast period, spurred by rapid industrialization, increasing edible oil consumption, and expanding pharmaceutical manufacturing capacities in countries like India and China.

Major market players included in this report are:

ExxonMobil Corporation
Bharat Petroleum Corporation Limited (BPCL)
Royal Dutch Shell PLC
Phillips 66
Merck KGaA
Chevron Phillips Chemical Company
Reliance Industries Limited
China Petroleum & Chemical Corporation (Sinopec)
TotalEnergies SE
Indian Oil Corporation Limited
SABIC
Mitsubishi Chemical Corporation
LOTTE Chemical Corporation
SK Geo Centric
PTT Global Chemical Public Company Limited

The detailed segments and sub-segment of the market are explained below:

By Grade:

Oil Extraction/Food
Pharmaceutical
Industrial

By Application:

Oil Extraction
Pharmaceutical
Industrial Cleaning and Degreasing
Polymerization

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights into major regions.
Competitive landscape featuring insights on major players in the market.
Recommendations on business strategies and future approaches.
Analysis of competitive dynamics and demand-supply trends.

Chapter 1. Global Hexane Market Executive Summary

1.1. Global Hexane Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Grade
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Hexane Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Hexane Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand in Oil Extraction and Food Industries
- 3.1.2. Expansion in Pharmaceutical Applications
- 3.1.3. Increased Use in Industrial Cleaning and Degreasing
3.2. Market Challenges
- 3.2.1. Environmental Concerns Related to VOC Emissions
- 3.2.2. Stringent Regulatory Policies
3.3. Market Opportunities
- 3.3.1. Innovations in Polymerization Processes
- 3.3.2. Growth in Emerging Industrial Markets
- 3.3.3. Development of Sustainable and Eco-friendly Solutions

Chapter 4. Global Hexane Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Hexane Market Size & Forecasts by Grade 2022-2032

5.1. Segment Dashboard
5.2. Global Hexane Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Oil Extraction/Food
- 5.2.2. Pharmaceutical
- 5.2.3. Industrial

Chapter 6. Global Hexane Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Hexane Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Oil Extraction
- 6.2.2. Pharmaceutical
- 6.2.3. Industrial Cleaning and Degreasing
- 6.2.4. Polymerization

Chapter 7. Global Hexane Market Size & Forecasts by Region 2022-2032

7.1. North America Hexane Market
- 7.1.1. U.S. Hexane Market
  - 7.1.1.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Hexane Market
  - 7.1.2.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
7.2. Europe Hexane Market
- 7.2.1. UK Hexane Market
  - 7.2.1.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.2.2. Germany Hexane Market
  - 7.2.2.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.2.3. France Hexane Market
  - 7.2.3.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.2.4. Spain Hexane Market
  - 7.2.4.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.2.5. Italy Hexane Market
  - 7.2.5.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.2.6. Rest of Europe Hexane Market
  - 7.2.6.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
7.3. Asia-Pacific Hexane Market
- 7.3.1. China Hexane Market
  - 7.3.1.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.3.2. India Hexane Market
  - 7.3.2.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.3.3. Japan Hexane Market
  - 7.3.3.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.3.4. Australia Hexane Market
  - 7.3.4.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.3.5. South Korea Hexane Market
  - 7.3.5.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.3.6. Rest of Asia Pacific Hexane Market
  - 7.3.6.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
7.4. Latin America Hexane Market
- 7.4.1. Brazil Hexane Market
  - 7.4.1.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.4.2. Mexico Hexane Market
  - 7.4.2.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.4.3. Rest of Latin America Hexane Market
  - 7.4.3.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
7.5. Middle East & Africa Hexane Market
- 7.5.1. Saudi Arabia Hexane Market
  - 7.5.1.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.5.2. South Africa Hexane Market
  - 7.5.2.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032
- 7.5.3. Rest of Middle East & Africa Hexane Market
  - 7.5.3.1. Oil Extraction/Food Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.2. Pharmaceutical Breakdown Size & Forecasts, 2022-2032

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. ExxonMobil Corporation
- 8.1.2. Bharat Petroleum Corporation Limited (BPCL)
- 8.1.3. Royal Dutch Shell PLC
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. ExxonMobil Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Bharat Petroleum Corporation Limited (BPCL)
- 8.3.3. Royal Dutch Shell PLC
- 8.3.4. Phillips 66
- 8.3.5. Merck KGaA
- 8.3.6. Chevron Phillips Chemical Company
- 8.3.7. Reliance Industries Limited
- 8.3.8. China Petroleum & Chemical Corporation (Sinopec)
- 8.3.9. TotalEnergies SE
- 8.3.10. Indian Oil Corporation Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes