Global Hexane Market is predicted to reach USD 1.73 billion at a CAGR of 3.20% during the forecast period

Pune, India, February 27, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Hexane Market.

Market Research Future (MRFR) has published a cooked research report on the “Global Hexane Market” that contains information from 2023 to 2032. The Global Hexane Market is estimated to register a CAGR of 3.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Hexane Market— Royal Dutch Shell plc, Phillips 66 Company, Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Sumitomo Chemical Co Ltd, Liaoyang Yufeng Chemical Co Ltd, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company, Rompetrol S.A., and Junyuan Petroleum Group.

Market Highlights

Global Hexane Market is accounted to register a CAGR of 3.20% during the forecast period and is estimated to reach USD 1.73 Billion by 2032.

Hexane is a highly flammable and volatile organic compound with the chemical formula C6H14. It is an alkane, which means it consists of a chain of six carbon atoms bonded to 14 hydrogen atoms. Hexane is a colorless liquid with a relatively low boiling point and a characteristic odor. Hexane is commonly used as a solvent in various industrial applications, such as in the extraction of vegetable oils from seeds and nuts, the production of rubber and plastic products, and the formulation of adhesives, coatings, and other products. It's prized as a solvent due to its ability to dissolve a wide range of non-polar compounds and its relatively low toxicity compared to some other solvents. However, hexane is also known to be a health and safety concern, as inhaling its vapors or prolonged exposure to its liquid form can lead to health issues.

Segment Analysis

The Global Hexane Market has been segmented based on Grade, Application.

Based on Grade, the market is segmented into Food Grade, Polymer, and Others. The dominance of the Food Grade category in the Hexane market is attributed to its essential role in food processing for extracting edible oils from seeds and nuts while meeting stringent safety and purity standards.

Based on Application, the market is segmented into Formulation, Oil Extraction, Cleaning Agent, and Others. The Formulation category dominates the Hexane market due to its versatile use as a solvent in various formulations, such as adhesives, coatings, and chemical products, requiring effective solubility and mixing capabilities.

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Regional Analysis

The Global Hexane Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Hexane Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Hexane Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Hexane Market comprises of Middle East, Africa, and Latin America.

Over the forecast period, the North American hexane market region is set to establish dominance. Regional governments and companies are actively seeking carbon dioxide emission reduction strategies, and the adoption of green solvents, like hexane, presents an avenue. Environmental concerns and backing from industries like paints, coatings, and cosmetics have significantly propelled the green solvent market in this area. Notably, the US hexane market claims the largest market share, with the Canada hexane market displaying the swiftest growth in North America.

Within Europe, the hexane market secures the second-largest market share, propelled by the burgeoning food and beverage sector's expansion to accommodate a growing population. The demand for industrial-grade hexane also contributes, particularly in Germany, which holds the foremost market share, and the UK, showcasing the most rapid growth in the European region.

The Asia-Pacific hexane market is poised to exhibit the fastest Compound Annual Growth Rate (CAGR) between 2023 and 2032. This surge can be attributed to heightened demand for industrial solvents in the manufacturing of cleaning chemicals and degreasing agents in developing economies, fueling the market for hexane. Additionally, China dominates with the largest market share, while India emerges as the fastest-growing market in the Asia-Pacific region.

Key Findings of the Study

• The Global Hexane Market is expected to reach USD 1.73 Billion by 2032, at a CAGR of 3.20% during the forecast period.


• During the forecast period, the hexane market in North America is poised for dominance. Governments and businesses across the region are actively seeking strategies to reduce carbon dioxide emissions, and adopting green solvents like hexane offers a viable solution.


• Based on the Application, the Market has been segmented into Formulation holding the largest market in 2023.


• Royal Dutch Shell plc, Phillips 66 Company, Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Sumitomo Chemical Co Ltd, Liaoyang Yufeng Chemical Co Ltd, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company, Rompetrol S.A., and Junyuan Petroleum Group.

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