The Latin America, Middle East and Africa Hexane Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 116.80 Kilo tonnes, showcasing a growth of 4.5% (2023-2030).
Supercritical carbon dioxide (CO2) is a green alternative to traditional solvents. It is non-toxic, non-flammable, and leaves no residue, making it a preferred choice in certain extraction processes. Biorefinery concepts involve the integration of various processes, including extraction, to maximize the use of biomass. These concepts align with the principles of green extraction. Consumer awareness regarding product quality and performance is increasing. Its role in producing high-quality and reliable products aligns with consumer preferences. Social media platforms are powerful tools for information dissemination. Consumers are more likely to be exposed to information about the environmental impact of certain solvents, leading to increased awareness and potential shifts in consumer preferences.
It is used to formulate certain cleaning products, including surface cleaners. The demand for effective cleaning agents in households and commercial spaces contributes to using it in manufacturing these products in South Africa. The popularity of DIY products, including adhesives for home projects, drives the demand for hexane-based formulations in South Africa. Consumers seeking convenient and effective solutions for household repairs contribute to the upliftment of its demand in South Africa. The factors mentioned above will drive the regional market growth.
The Brazil market dominated the LAMEA Hexane Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.2 million by 2030. The Argentina market is showcasing a CAGR of 5.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 4.2% during (2023 - 2030).
Based on Grade, the market is segmented into Extraction, Polymerization, and Others. Based on Application, the market is segmented into Industrial Solvent, Edible Oil Treatment, Adhesives Formulation, Leather Treatment, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Hexane Market is Projected to reach USD 2.6 Billion by 2030, at a CAGR of 3.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Exxon Mobil Corporation, Shell plc, Chevron Phillips Chemical Company LLC, Sumitomo Electric Industries, Ltd., China Petrochemical Corporation (Sinopec Group), TotalEnergies SE, Indian Oil Corporation Ltd., Honeywell International, Inc., Arham Petrochem Private Limited, and Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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