The Hexane Market is Predict to reach $2.6 Billion by 2030, at a CAGR of 3.3%

Hexane Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Hexane Market size is expected to reach $2.6 billion by 2030, rising at a market growth of 3.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1142.04 Kilo Tonnes, experiencing a growth of 2.2% (2019-2022).

The Extraction segment is leading the Global Hexane Market by Grade in 2022; thereby, achieving a market value of $1.4 billion by 2030. In the petrochemical industry, hexane extracts aromatics from refinery streams. This process produces essential chemicals such as benzene and toluene, key building blocks for various chemical products. Hexane is used in the pharmaceutical industry as a solvent in manufacturing drugs and pharmaceutical products. It is crucial in extracting and processing active pharmaceutical ingredients (APIs) from natural sources or synthesizing pharmaceutical compounds. Hexane is employed in the extraction of aromatic compounds used in perfumery and the production of essential oils. It facilitates the extraction of fragrance components from natural sources such as flowers and herbs.

The Leather Treatment segment is registering a CAGR of 4% during (2023 - 2030). Hexane is widely used in the degreasing process of raw hides and skins. It efficiently dissolves and removes fats, oils, and other impurities from the surface of the hides, preparing them for subsequent treatment. Hexane is employed as a solvent in the tanning process, where it helps dissolve tanning agents and facilitates their penetration into the leather structure. This is essential for transforming raw hides into durable and usable leather. Hexane is used in finishing processes, including coatings, dyes, and finishes on leather products. It aids in achieving uniform and smooth finishes, enhancing the aesthetic appeal of the final leather goods.

The Asia Pacific region dominated the Global Hexane Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1 billion by 2030. The North America region is anticipating a CAGR of 2.9% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 3.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/hexane-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.)

Global Hexane Market Segmentation

By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Extraction
• Polymerization
• Others

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Industrial Solvent
• Edible Oil Treatment
• Adhesives Formulation
• Leather Treatment
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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
• Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)

Related Reports:

North America Hexane Market Size, Share & Growth to 2030

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LAMEA Hexane Market Size, Share, Demand & Forecast to 2030

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Europe Hexane Market Size, Share & Industry Trends to 2030

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Asia Pacific Hexane Market Size, Share & Forecast to 2030

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