Normal Hexane Market Growth Prospects, Size, Regional Analysis and Forecast 2027

Normal Hexane Market Size – USD 1.93 Billion in 2019, Growth - CAGR of 3.6%, Trends – High demand from developing nations.

Growing usage of Normal Hexane in primary end-use industries such as rubber and petrochemicals is anticipated in the coming years to fuel the global demand. It is widely used in industries including publishing, textiles, and leather as a special solvent and as an oil extractant.

Normal Hexane Market Size – USD 1.93 Billion in 2019, Growth - CAGR of 3.6%, Trends – High demand from developing nations.

The global Normal Hexane Market is forecast to reach USD 2.57 Billion by 2027, according to a new report by Reports and Data. Normal Hexane is used primarily for processing edible oil from seeds and vegetables. The colorless and flavorless existence coupled with desirable properties, such as low porosity and volatility, has rendered Normal Hexane a suitable solvent alternative for several applications, including chemical, organic synthesis, oil extraction, polymerization, medicinal, and industrial cleaning degreasing. N-Normal Hexane, also known as an oil solvent, is used in a multitude of fields, from writing, rubber, clothing, makeup, paint, and so on. In recent years, n-Normal Hexane is primarily being used for computer device cleaning in the medical sector and integrated circuit (IC). The fast development of the food beverage industry in countries like India, Indonesia, Thailand, and China are strengthening the Normal Hexane market due to the growing demand for industrial-grade Normal Hexane in the Asia Pacific region. Governments around the world are now imposing stringent controls on the usage of Normal Hexane to enhance the health of the workers and reduce the accidents of chemical installations.

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Top Companies: NOAH Technologies Corporation, Environmental Equipment Supply, AquaPhoenix Scientific, Mil-Spec Industries Corp., Continental Chemical, GFS Chemicals Inc., City Chemical LLC, Hydrite Chemical Co., Haviland Enterprises Inc., and Hukill Chemical Corp., among others.

Further Key Finding from the Report Suggestion:

  • Based on the grade, extraction grade generated a revenue of USD 0.85 billion in 2019. It projected to rise with a CAGR of 3.5% in the forecast period due to the massive developments desired by the food and extraction industries.
  • The edible oil extraction application is the major contributor to the Normal Hexane Market. The edible oil extraction application of the Asia Pacific region is the major shareholder of the market and held around 34.3% of the market in the year 2019, owing to the increasing consumer consciousness about refined oil use and the associated health effects.
  • The Asia Pacific dominated the market for Normal Hexane in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The Asia Pacific region held approximately 36% of the market, followed by Europe, which contains around 28% market in the year 2019.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Normal Hexane market is segmented into:

Grade Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Polymerization
  • Extraction

Distribution Channel Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

  • Online
  • Offline

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

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

Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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