Hexane Market size was over USD 1.75 Billion in 2015 and is expected to witness considerable growth by 2024

The global hexane market is expected to reach USD 2.36 billion by 2024, according to a new report by Grand View Research, Inc. The growth of oil extraction industry is expected to remain a key factor driving the global hexane market over the forecast period.

Growing use of hexane across key end-use industries such as rubber and petrochemical is anticipated to boost the global market over the next eight years. It is extensively used as a special purpose solvent and as an oil extractant in industries such as printing, textiles, and leather.
Hexane Market.png
Extraction emerged as the dominant grade owing to its wider applicability and demand from growing edible oil industry. The grade accounted for over 55% of the overall consumption in 2015. Edible oil demand has been witnessing significant growth for the past few years owing to increasing consumption of fried food.

Factors such as rising purchasing power of consumers along with evolving dietary habits have led to a shift in consumer preference towards consuming healthy edible oils. This is expected to drive the growth of the global edible oils market during the forecast period making edible oil extractant the dominant hexane application.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/hexane-market

Further key findings from the report suggest:

  • Polymerization grade is expected to witness growth owing to the superior chemical and physical properties required in key end-use industries such as waste water treatment
  • Edible oil treatment and industrial solvents were the major applications of hexane and these segments collectively accounted for over 70% of the overall volume in 2015.
  • Adhesive formulation application is expected to be among the fastest growing segment owing to the increasing opportunities for the market to expand as manufacturers seek enhanced performance requirements for bonding application
  • Asia Pacific is expected to be the fastest growing market for over the forecast period. Rapid industrialization and urbanization, particularly in China, India, and South East Asian countries are expected to drive the regional growth
  • Safer and cleaner substitutes are being made available commercially for particular applications. For instance, water based cleaners are expected to replace hexane and other related solvents in the auto repair industry and other industries where precision cleaning is of utmost importance
  • Industry competition is characterized by production capacities of the companies. Forward integration along the value chain provides companies with opportunities to increase their reach to customers
  • Key players operational in the global hexane industry include Mil-Spec Industries Corp., Environmental Equipment & Supply, GFS Chemicals, Inc. and Continental Chemical, City Chemical LLC.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds

Grand View Research has segmented the hexane market on the basis grade, application and region:

Global Hexane Grade Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Polymerization
  • Extraction
  • Others

Global Hexane Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Edible Oil Extractant
  • Industrial Solvent
  • Adhesive Formulation
  • Leather Treatment
  • Others

Global Hexane Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • North America
  • U.S.
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • China
  • India
  • Japan
  • Central & South America
  • Brazil
  • Middle East & Africa
  • Saudi Arabia
  • UAE

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-hexane-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s