Bharat Book Bureau Provides the Trending Industry Research Report on “Global N-Hexane Market Report and Forecast 2021-2026”under Chemical & Materials Market Research Report. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.
‘Global n-Hexane Market Report and Forecast 2021-2026’, the global n-hexane market attained a volume of 1.75 million tons in 2020. Aided by various end-uses of n-hexane, the market is projected to further grow at a CAGR of 3.1% between 2021 and 2026 to reach a volume of 2.18 million tons by 2026.
n-Hexane is an organic compound that is a colourless liquid. It is extracted from crude oils and is highly flammable in nature. This is why it is mixed with solvents to be used for industrial and commercial purposes. n-Hexanes have a low boiling point, low solubility, and low surface tension due to which they can be used for various versatile purposes. Moreover, n-hexane is cost-effective and recyclable, due to which it is preferred in several end-uses in major industries. It is widely used as a cleaning agent in the textile and pharmaceutical industry. In addition, it is used in various cleansers for domestic purposes, the demand for which rocketed due to the COVID-19 pandemic. This is expected to aid the market growth in the forecast period.
The rising demand for edible oils is aiding the market growth. As the production of oilseeds is increasing significantly to meet the edible oil demand of the surging global population, n-hexane is being used as a solvent to extract edible oils. This is aiding the market growth. Moreover, favourable properties of n-hexane, such as low latent heat of vapourisation, make it an ideal solvent for extraction of oil from oilseeds, hence augmenting the industry growth. The increasing use of commercial hexane that contains 20%-80% of n-hexane is propelling the industry growth. Hexanes are extensively used in the commercial sector in the formulation of leather products, glues for footwear, and roofing. In addition, the wide of n-hexane in the pharmaceuticals industry in various end-uses ranging from production to cleaning owing to its minimal odour, low boiling point, and versatility is further invigorating the growth of the n-hexane industry. The use of n-hexane in industrial cleaning agents is providing further impetus to the industry growth.
The market report by Expert Market Research analyses the market based on segmentations such as application and major region.
Market Breakup by Application
•Edible Oil Extraction
Market Breakup by Region
•Middle East and Africa
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
•Royal Dutch Shell plc
•Exxon Mobil Corporation
•GFS Chemicals, Inc.
•Junyuan Petroleum Group
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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