Hexane Market Report: Trends, Forecast and Competitive Analysis to 2030

Hexane Trends and Forecast

The future of the global hexane market looks promising with opportunities in the oil extraction, industrial grade, and pharmaceutical grade markets. The global hexane market is expected to reach an estimated $3.1 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are stable demand from edible oils market, growing industry demand for petrochemicals, and ncreasingly utilized as a liquid in the production of tablet molds in the pharmaceutical and healthcare industries in conjunction with a low-temperature thermometer.

A more than 150-page report is developed to help in your business decisions.

Hexane by Segment

The study includes a forecast for the global hexane by grade type, application, and region.

Hexane Market by Grade Type [Shipment Analysis by Value from 2018 to 2030]:

• Oil Extraction/Food Grade
• Industrial Grade
• Pharmaceutical Grade

Hexane Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Oil Extraction
• Industrial Cleaning & Degreasing
• Pharmaceutical
• Polymerization
• Others

Hexane Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hexane Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hexane companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hexane companies profiled in this report include-

• China Petroleum & Chemical
• Shell
• Exxon Mobil
• Rompetrol-Rafinare
• Junyuan Petroleum

Hexane Market Insights

Lucintel forecasts that industrial grade is expected to witness the highest growth over the forecast period due to its usage in various industries like oil and grease extraction, furniture, and printing industries.

Within this market, polymerization will remain the largest segment due to growing in demand for polymers.

Europe is expected to witness highest growth over the forecast period due to growing demand for vegetable oil, and increase in the standard of living of the people.

Features of the Global Hexane Market

Market Size Estimates: Hexane market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hexane market size by grade type, application, and region in terms of value ($B).

Regional Analysis: Hexane market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different grade type, application, and regions for the hexane market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hexane market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the hexane market size?

Answer: The global hexane market is expected to reach an estimated $3.6 billion by 2030.

Q2. What is the growth forecast for hexane market?

Answer: The global hexane market is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the hexane market?

Answer: The major drivers for this market are stable demand from edible oils market, growing industry demand for petrochemicals, and ncreasingly utilized as a liquid in the production of tablet molds in the pharmaceutical and healthcare industries in conjunction with a low-temperature thermometer.

Q4. What are the major segments for hexane market?

Answer: The future of the hexane market looks promising with opportunities in the oil extraction, industrial grade, and pharmaceutical grade markets.

Q5. Who are the key hexane market companies?

Answer: Some of the key hexane companies are as follows.

• China Petroleum & Chemical
• Shell
• Exxon Mobil
• Rompetrol-Rafinare
• Junyuan Petroleum

Q6. Which hexane market segment will be the largest in future?

Answer: Lucintel forecasts that industrial grade is expected to witness the highest growth over the forecast period due to its usage in various industries like oil and grease extraction, furniture, and printing industries.

Q7. In hexane market, which region is expected to be the largest in next 5 years?

Answer: Europe is expected to witness highest growth over the forecast period due to growing demand for vegetable oil, and increase in the standard of living of the people.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hexane market by grade type (oil extraction/food grade, industrial grade, and pharmaceutical grade), application (oil extraction, industrial cleaning & degreasing, pharmaceutical, polymerization, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?