This Hexane market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The hexane market size has grown strongly in recent years. It will grow from $2.39 billion in 2024 to $2.54 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to legalization of hemp cultivation and use in some regions, increase in consumer demand for plant-based and natural products, growth in awareness of hemp's nutritional benefits, expansion of health and wellness trends, rise in popularity of hemp seeds and oil in culinary applications.
The hexane market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to regulatory support for hemp-based foods and ingredients, growing market penetration in emerging economies, consumer interest in sustainable and environmentally-friendly products, increasing applications in functional foods and nutraceuticals, rising consumer awareness of hemp's potential health benefits. Major trends in the forecast period include technological advancements in hemp processing, innovation in hemp-based product formulations (e.g, snacks, beverages), cbd-infused hemp products, hemp-based dairy alternatives, gluten-free and allergen-friendly options.
The hexane market is anticipated to witness growth driven by an increase in the production of edible oil. Edible oils, crucial for meeting nutritional needs and supporting bodily functions, are often extracted using hexane due to its rapid oil recovery, narrow boiling point (63-69 °C), and strong solubilizing capability. In June 2022, India experienced a notable surge of 39.31% YoY in edible oil imports, reaching 13.11 lakh tons, as reported by the Economic Times Retail, an India-based newspaper. This increase in edible oil production contributes to the expansion of the hexane market.
The hexane market is expected to be fueled by growing demand from the rubber industry. Hexane plays a vital role in rubber vulcanization processes, aiding in the dispersion of rubber-compounding ingredients, enhancing processability, and contributing to the formulation of rubber-based adhesives and sealants. The global demand for rubber is projected to rise by 2.8% in 2023 and continue to grow by an average of 2.4% annually from 2023 to 2031, as stated by Apple Rubber Products Inc., a US-based custom rubber seals manufacturer. This escalating demand from the rubber industry is a key driver for the hexane market.
Strategic partnerships and collaborations have emerged as prominent trends in the hexane market. Notably, in January 2022, SIBUR, a Russia-based petrochemicals company, collaborated with Technip Energies, a France-based engineering and technology company, to license specialized technology for hexene-1 production from ethylene. This strategic collaboration aims to result in license agreements with global polyolefin manufacturers and integrate innovative technology into comprehensive design solutions for establishing advanced polyethylene production capacities.
In March 2022, American Securities LLC, a US-based private equity firm, completed the acquisition of Hexion for $1.9 billion. This strategic move is anticipated to reinforce Hexion's commitment to delivering innovative and high-quality products and services to its customers. Hexion Inc., a US-based chemical company, is expected to leverage this acquisition to sustain its momentum and continue its track record of excellence in the chemical industry.
In October 2023, Exxon Mobil Corporation, a prominent US-based company specializing in the manufacture of petrochemical products, including hydrocarbon solvents such as hexane, entered into a partnership with Pioneer Natural Resources Company. The primary objective of this partnership is to enhance ExxonMobil's focus on fossil fuel production and gain access to additional acreage for resource extraction. By combining Pioneer's extensive 850,000 net acres in the Midland Basin with ExxonMobil's 570,000 net acres in the Delaware and Midland Basins, the collaboration aims to establish the industry's leading undeveloped U.S. unconventional inventory position. Pioneer Natural Resources Company, a US-based energy company, is a key player in this strategic partnership.
Major companies operating in the hexane market include Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, China Petroleum & Chemical Corporation (Sinopec Corp), GFS Chemicals, Hindustan Petroleum Corporation Limited, Junyuan Petroleum Group, Rompetrol S.A., Sumitomo Chemical Co., Chevron Corporation, China National Petroleum Corporation, CPC Corporation, Eni SPA, Formosa Plastics Group, Gazprom promyshlennost, Idemitsu Kosan Co., Ltd., Indian Oil Corporation, Ineos Group, Lotte Chemical Corporation, Langepas, Uray and Kogalym oil, Marathon Petroleum, Mitsubishi Chemical Corporation, Neste Abp in Swedish, and Neste Corporation, Petróleos Mexicanos, Petróleo Brasileiro S.A., Petroliam Nasional Berhad, Phillips 66 Company, Qatar Petroleum, Reliance Industries, Royal Dutch Shell, Sasol Ltd., China Petroleum & Chemical Corporation, Thai Oil Public Company Limited, Total S.A., Yacimientos Petrolíferos Fiscales.
Asia-Pacific was the largest region in the hexane market in 2024. North America was the second-largest market in the hexane market. The regions covered in the hexane market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hexane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Hexane is a colorless and flammable liquid commonly utilized as a solvent, primarily derived from the distillation of petroleum. It is a non-polar solvent known for its high volatility, cost-effectiveness, general safety, and easy evaporation, making it a popular choice in various industrial applications.
The main types of hexane include n-hexane, isohexane, and neohexene. N-hexane, derived from crude oil, is a highly combustible colorless liquid with a mildly unpleasant odor. Isohexane, obtained through the fractional distillation of petroleum, is a highly flammable and colorless liquid with no discernible odor. Neohexene, on the other hand, is a colorless liquid organic compound characterized by a mild sweet odor. Hexane is available in different grades, including polymer grade, food grade, and other grades. Its diverse applications encompass industrial solvents, edible oil extraction, adhesives and sealants, paints and coatings, and various other industrial processes.
The hexane market research report is one of a series of new reports that provides hexane market statistics, including hexane industry global market size, regional shares, competitors with a hexane market share, detailed hexane market segments, market trends and opportunities, and any further data you may need to thrive in the hexane industry. This hexane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hexane market consists of sales of 2-methylpentane and 2,2-dimethylbutane. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The hexane market size has grown strongly in recent years. It will grow from $2.39 billion in 2024 to $2.54 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to legalization of hemp cultivation and use in some regions, increase in consumer demand for plant-based and natural products, growth in awareness of hemp's nutritional benefits, expansion of health and wellness trends, rise in popularity of hemp seeds and oil in culinary applications.
The hexane market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to regulatory support for hemp-based foods and ingredients, growing market penetration in emerging economies, consumer interest in sustainable and environmentally-friendly products, increasing applications in functional foods and nutraceuticals, rising consumer awareness of hemp's potential health benefits. Major trends in the forecast period include technological advancements in hemp processing, innovation in hemp-based product formulations (e.g, snacks, beverages), cbd-infused hemp products, hemp-based dairy alternatives, gluten-free and allergen-friendly options.
The hexane market is anticipated to witness growth driven by an increase in the production of edible oil. Edible oils, crucial for meeting nutritional needs and supporting bodily functions, are often extracted using hexane due to its rapid oil recovery, narrow boiling point (63-69 °C), and strong solubilizing capability. In June 2022, India experienced a notable surge of 39.31% YoY in edible oil imports, reaching 13.11 lakh tons, as reported by the Economic Times Retail, an India-based newspaper. This increase in edible oil production contributes to the expansion of the hexane market.
The hexane market is expected to be fueled by growing demand from the rubber industry. Hexane plays a vital role in rubber vulcanization processes, aiding in the dispersion of rubber-compounding ingredients, enhancing processability, and contributing to the formulation of rubber-based adhesives and sealants. The global demand for rubber is projected to rise by 2.8% in 2023 and continue to grow by an average of 2.4% annually from 2023 to 2031, as stated by Apple Rubber Products Inc., a US-based custom rubber seals manufacturer. This escalating demand from the rubber industry is a key driver for the hexane market.
Strategic partnerships and collaborations have emerged as prominent trends in the hexane market. Notably, in January 2022, SIBUR, a Russia-based petrochemicals company, collaborated with Technip Energies, a France-based engineering and technology company, to license specialized technology for hexene-1 production from ethylene. This strategic collaboration aims to result in license agreements with global polyolefin manufacturers and integrate innovative technology into comprehensive design solutions for establishing advanced polyethylene production capacities.
In March 2022, American Securities LLC, a US-based private equity firm, completed the acquisition of Hexion for $1.9 billion. This strategic move is anticipated to reinforce Hexion's commitment to delivering innovative and high-quality products and services to its customers. Hexion Inc., a US-based chemical company, is expected to leverage this acquisition to sustain its momentum and continue its track record of excellence in the chemical industry.
In October 2023, Exxon Mobil Corporation, a prominent US-based company specializing in the manufacture of petrochemical products, including hydrocarbon solvents such as hexane, entered into a partnership with Pioneer Natural Resources Company. The primary objective of this partnership is to enhance ExxonMobil's focus on fossil fuel production and gain access to additional acreage for resource extraction. By combining Pioneer's extensive 850,000 net acres in the Midland Basin with ExxonMobil's 570,000 net acres in the Delaware and Midland Basins, the collaboration aims to establish the industry's leading undeveloped U.S. unconventional inventory position. Pioneer Natural Resources Company, a US-based energy company, is a key player in this strategic partnership.
Major companies operating in the hexane market include Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, China Petroleum & Chemical Corporation (Sinopec Corp), GFS Chemicals, Hindustan Petroleum Corporation Limited, Junyuan Petroleum Group, Rompetrol S.A., Sumitomo Chemical Co., Chevron Corporation, China National Petroleum Corporation, CPC Corporation, Eni SPA, Formosa Plastics Group, Gazprom promyshlennost, Idemitsu Kosan Co., Ltd., Indian Oil Corporation, Ineos Group, Lotte Chemical Corporation, Langepas, Uray and Kogalym oil, Marathon Petroleum, Mitsubishi Chemical Corporation, Neste Abp in Swedish, and Neste Corporation, Petróleos Mexicanos, Petróleo Brasileiro S.A., Petroliam Nasional Berhad, Phillips 66 Company, Qatar Petroleum, Reliance Industries, Royal Dutch Shell, Sasol Ltd., China Petroleum & Chemical Corporation, Thai Oil Public Company Limited, Total S.A., Yacimientos Petrolíferos Fiscales.
Asia-Pacific was the largest region in the hexane market in 2024. North America was the second-largest market in the hexane market. The regions covered in the hexane market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hexane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Hexane is a colorless and flammable liquid commonly utilized as a solvent, primarily derived from the distillation of petroleum. It is a non-polar solvent known for its high volatility, cost-effectiveness, general safety, and easy evaporation, making it a popular choice in various industrial applications.
The main types of hexane include n-hexane, isohexane, and neohexene. N-hexane, derived from crude oil, is a highly combustible colorless liquid with a mildly unpleasant odor. Isohexane, obtained through the fractional distillation of petroleum, is a highly flammable and colorless liquid with no discernible odor. Neohexene, on the other hand, is a colorless liquid organic compound characterized by a mild sweet odor. Hexane is available in different grades, including polymer grade, food grade, and other grades. Its diverse applications encompass industrial solvents, edible oil extraction, adhesives and sealants, paints and coatings, and various other industrial processes.
The hexane market research report is one of a series of new reports that provides hexane market statistics, including hexane industry global market size, regional shares, competitors with a hexane market share, detailed hexane market segments, market trends and opportunities, and any further data you may need to thrive in the hexane industry. This hexane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hexane market consists of sales of 2-methylpentane and 2,2-dimethylbutane. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hexane Market Characteristics3. Hexane Market Trends and Strategies4. Hexane Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Hexane Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Hexane Market34. Recent Developments in the Hexane Market
5. Global Hexane Growth Analysis and Strategic Analysis Framework
6. Hexane Market Segmentation
7. Hexane Market Regional and Country Analysis
8. Asia-Pacific Hexane Market
9. China Hexane Market
10. India Hexane Market
11. Japan Hexane Market
12. Australia Hexane Market
13. Indonesia Hexane Market
14. South Korea Hexane Market
15. Western Europe Hexane Market
16. UK Hexane Market
17. Germany Hexane Market
18. France Hexane Market
19. Italy Hexane Market
20. Spain Hexane Market
21. Eastern Europe Hexane Market
22. Russia Hexane Market
23. North America Hexane Market
24. USA Hexane Market
25. Canada Hexane Market
26. South America Hexane Market
27. Brazil Hexane Market
28. Middle East Hexane Market
29. Africa Hexane Market
30. Hexane Market Competitive Landscape and Company Profiles
31. Hexane Market Other Major and Innovative Companies
35. Hexane Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Hexane Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hexane market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for hexane? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hexane market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) Covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: N-Hexane; Isohexane; Neohexane2) By Grade: Polymer Grade; Food Grade; Other Grades
3) By Application: Industrial Solvents; Edible Oil Extractant; Adhesives and Sealants; Paints and Coatings; Other Applications
Subsegments:
1) By N-Hexane: Industrial Grade N-Hexane; Laboratory Grade N-Hexane2) By Isohexane: Isomeric Mixture of Hexanes; Specialty Isohexane Products
3) By Neohexane: Specialty Chemicals Derived From Neohexane; Industrial Applications of Neohexane
Key Companies Mentioned: Exxon Mobil Corporation; Bharat Petroleum Corporation Limited; China Petroleum & Chemical Corporation (Sinopec Corp); GFS Chemicals; Hindustan Petroleum Corporation Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Hexane market report include:- Exxon Mobil Corporation
- Bharat Petroleum Corporation Limited
- China Petroleum & Chemical Corporation (Sinopec Corp)
- GFS Chemicals
- Hindustan Petroleum Corporation Limited
- Junyuan Petroleum Group
- Rompetrol S.A.
- Sumitomo Chemical Co.
- Chevron Corporation
- China National Petroleum Corporation
- CPC Corporation
- Eni SPA
- Formosa Plastics Group
- Gazprom promyshlennost
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation
- Ineos Group
- Lotte Chemical Corporation
- Langepas, Uray and Kogalym oil
- Marathon Petroleum
- Mitsubishi Chemical Corporation
- Neste Abp in Swedish, and Neste Corporation
- Petróleos Mexicanos
- Petróleo Brasileiro S.A.
- Petroliam Nasional Berhad
- Phillips 66 Company
- Qatar Petroleum
- Reliance Industries
- Royal Dutch Shell
- Sasol Ltd.
- China Petroleum & Chemical Corporation
- Thai Oil Public Company Limited
- Total S.A.
- Yacimientos Petrolíferos Fiscales
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.54 Billion |
| Forecasted Market Value ( USD | $ 3.45 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 35 |
