The global n-Hexane market is projected to surge from US$2.45 billion in 2024 to US$3.46 billion by 2033 at a compound annual growth rate (CAGR) of 3.91% from 2025 to 2033. The rise in demand for pharmaceuticals, adhesives, and chemical extraction is the key driver for the n-hexane market growth. N-hexane is primarily used as a solvent, particularly in extracting edible oils, thereby adding up to its market growth. With growing industrial applications, further growth will be shown in the market in the forecast period.
Universal application of n-Hexane in industries: n-Hexane around the world is an important solvent in the extraction of vegetable oils, in the formulation and production of pharmaceutical drugs, and in the manufacture of adhesives, printing inks, rubber, textiles, and such products that yield leather. Its ability to dissolve materials to be processed makes it essential for the industries above.
May 2024- The Exxon Mobil Corporation said that the Pioneer Natural Resources Company transaction had been completed. With the largest, highest-return development potential in the Permian Basin, an unconventional business will be created by the merging of ExxonMobil and Pioneer.
May 2024- A framework agreement for strategic partnership was signed in Paris by Patrick Pouyanné, the CEO and chairman of TotalEnergies, and Ma Yongsheng, the chairman of Sinopec. The agreement states that the two parties would look for more opportunities for collaboration in a range of industries, such as the development of oil and gas, the LNG value chain, chemicals and refining, engineering and trading, new energy, and so forth.
2. Pharmaceuticals
3. Adhesive
4. Industrial Cleaning
5. Polymerisation
6. Degreasing
7. Rubber Processing
8. Others
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 Australia
3.5 South Korea
3.6 Thailand
3.7 Malaysia
3.8 Indonesia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 South Africa
5.2 Saudi Arabia
5.3 UAE
2. Shell plc
3. Indian Oil Corporation Ltd
4. Chevron Corporation
5. Bharat Petroleum Corporation Ltd
6. DHC Solvent Chemie GmbH
7. Sak Chaisidhi Company Limited
8. Liaoning Yufeng Chemical Co. Ltd.
n-Hexane Industry Outlooks
N-hexane has the chemical composition of C6H14, an alkane. It is a flammable colorless liquid hydrocarbon derived primarily from crude oil by the refining process. N-hexane is well known as an organic solvent. Because n-hexane is a nonpolar compound, it is soluble in oils, fats, and waxes, making it especially important in many industries.Universal application of n-Hexane in industries: n-Hexane around the world is an important solvent in the extraction of vegetable oils, in the formulation and production of pharmaceutical drugs, and in the manufacture of adhesives, printing inks, rubber, textiles, and such products that yield leather. Its ability to dissolve materials to be processed makes it essential for the industries above.
Key Factors Driving the n-Hexane Market Growth
Growing Demand in the Edible Oil Extraction Industry
n-Hexane's ability to effectively extract oil from seeds and vegetables makes it a vital component in the edible oil industry. As global consumption of cooking oils, particularly soybean and sunflower, rises, the demand for n-Hexane follows suit. Its efficiency in separating oils from organic matter has made it indispensable in large-scale food processing industries worldwide. With increasing population and urbanization, emerging markets also contribute to this growth as they seek cost-effective solutions for oil extraction to meet growing consumer demands for edible oils.Expanding Use in Pharmaceuticals and Chemical Industry
Applications of n-Hexane in drug formulation and solvent manufacturing in the pharmaceutical and chemical industries play a very important role in the market. The fact that it is non-polar means it acts effectively for the solubilization of compounds otherwise hard to handle. This diversity, combined with increased pharmaceutical production around the world, has fueled demand. More importantly, n-Hexane is applied in a number of chemical extraction processes that are important to industry applications and continue to drive growth in the market as those industries expand and evolve.Rising Demand in Adhesives, Inks, and Rubber Manufacturing
With solvent properties, n-Hexane is used extensively in the manufacture of adhesives, printing inks, and rubber. Such an application gives way to effective bonding and processing of materials. Increasing global industrialization and construction call for demand for such products. Additionally, the growing automobile industries provide for a higher demand on rubber and adhesives, which are produced using n-Hexane. Therefore, industrial growth would further augment steady market growth in the coming years.United States n-Hexane Market
The n-Hexane market in the United States remains strong since it is broadly applied in all sectors involved in oil extraction, pharmaceuticals, and adhesives. Its demand is also significantly contributed by the strong agricultural sector of the country, particularly soybean and corn oil extraction. There is also the growing pharmaceutical industry that uses it as a solvent in drug production. Industrial applications such as rubber and adhesive manufacturing increase its market even more. However, long-term growth in the market may be impacted by increasing regulatory scrutiny amid concerns for the environment and health. The United States Department of Agriculture forecasts that global production of vegetable oil would be 222.85 million metric tons between 2023 and 2024. Of the palm oil total, an estimated 90% is consumed as food, while the remaining 10% is for industrial purposes: cosmetics, fuel, and diesel. The soybean oil was primarily consumed, followed by 61.68 million tons in 2022 globally. Considering all these facts mentioned above, edible oil extraction application is most likely to lead the n-hexane market for the forecast period. The n-Hexane industry of Germany is gaining at a moderate growth rate primarily owing to the production of oil extraction, pharmaceutical industries, and various other industrial applications.Germany n-Hexane Industry
Germany is the hub of Europe's industrial centers and has a high requirement for n-Hexane to provide various manufacturing industries that are adhesives, rubber, and chemical manufacturing. Pharmaceutical manufacturers also require n-Hexane as a solvent in drug formulation. Again, strict environmental compliances regarding VOCs within the European Union might later affect the industry in terms of having safer and more eco-friendly alternatives. The n-Hexane industry grows well in Indonesia mainly since it has been consuming quite large portions in the extraction process of vegetable oils, mainly for palm oil which is one of the leading sectors in the country.Indonesia n-Hexane Industry
Indonesia, being one of the world's leading producers of palm oil, has consequently high demand for n-Hexane since there are highly efficient processes that use such solvents in extractions of oils. n-Hexane also finds uses in manufacturing adhesives and rubber industries in addition to chemical industries, hence catalyzing the growth in the development of the country's industrial sectors. According to estimates made by the US Department of Agriculture, total oil produced by Indonesia in the year 2023-2024 was around 53.32 million metric tons.Global n-Hexane Company Analysis
The key players in n-hexane industry are ExxonMobil Corporation, Shell plc, Indian Oil Corporation Ltd,, Chevron Corporation, Bharat Petroleum Corporation Ltd, DHC Solvent Chemie GmbH, Sak Chaisidhi Company Limited and Liaoning Yufeng Chemical Co. Ltd.Global n-Hexane Company News
May 2024- A joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd., CAPGC Pte. Ltd., will purchase Singapore's Energy and Chemicals Park from Royal Dutch Shell PLC. Through the deal, CAPGC will acquire Shell's entire stake in Shell Energy and Chemicals Park Singapore.May 2024- The Exxon Mobil Corporation said that the Pioneer Natural Resources Company transaction had been completed. With the largest, highest-return development potential in the Permian Basin, an unconventional business will be created by the merging of ExxonMobil and Pioneer.
May 2024- A framework agreement for strategic partnership was signed in Paris by Patrick Pouyanné, the CEO and chairman of TotalEnergies, and Ma Yongsheng, the chairman of Sinopec. The agreement states that the two parties would look for more opportunities for collaboration in a range of industries, such as the development of oil and gas, the LNG value chain, chemicals and refining, engineering and trading, new energy, and so forth.
Application- Market breakup in 8 viewpoints:
1. Oil Extraction2. Pharmaceuticals
3. Adhesive
4. Industrial Cleaning
5. Polymerisation
6. Degreasing
7. Rubber Processing
8. Others
Countries- Market breakup in 25 viewpoints:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 Australia
3.5 South Korea
3.6 Thailand
3.7 Malaysia
3.8 Indonesia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 South Africa
5.2 Saudi Arabia
5.3 UAE
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Key Persons
- Recent Development & Strategies
- Financial Insights
Key Players Analysis:
1. ExxonMobil Corporation2. Shell plc
3. Indian Oil Corporation Ltd
4. Chevron Corporation
5. Bharat Petroleum Corporation Ltd
6. DHC Solvent Chemie GmbH
7. Sak Chaisidhi Company Limited
8. Liaoning Yufeng Chemical Co. Ltd.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. N-Hexane Market
4. Market Dynamics
6. Market Share Analysis
7. Application
8. Countries
9. Porter’s Five Forces Analysis
10. SWOT Analysis
11. Key Players Analysis
Companies Mentioned
- ExxonMobil Corporation
- Shell plc
- Indian Oil Corporation Ltd
- Chevron Corporation
- Bharat Petroleum Corporation Ltd
- DHC Solvent Chemie GmbH
- Sak Chaisidhi Company Limited
- Liaoning Yufeng Chemical Co. Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 2.45 Billion |
| Forecasted Market Value ( USD | $ 3.46 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
