Hexane Market

Hexane Market by Grade (Oil Extraction/Food, Pharmaceutical, and Industrial), Application (Oil Extraction, Pharmaceutical, Industrial Cleaning and Degreasing, Polymerization), and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2027

Report Code: CH 8492 Jan, 2023, by marketsandmarkets.com

Hexane Market Size

The global hexane market was valued at USD 2.4 billion in 2022 and is projected to reach USD 3.1 billion by 2027, growing at a cagr 4.8% from 2022 to 2027. Factors such as the increase in demand for the solvent in paints & coatings sector is increasing growth opportunities for hexane market.

Global Hexane Market Trends

Hexane Market

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Hexane Market Dynamics

Driver: Steady demand from edible oils market

Hexane has a greater ability to extract oil when compared to other solvents, such as petroleum ether, and ethyl acetate. Therefore, it is mainly used in the extraction of edible oils from vegetables and seeds, including soybean, mustard seed, cottonseed, rape seed, flax, groundnut, corn germ, safflower seed, and palm. It helps extract the maximum possible quantity of oil, while also eliminating undesirable odour from oil. The solvent is recyclable and can be reused after oil extraction. Particularly, food-grade hexane is utilized in oil extraction, owing to its efficiency and safety. It has a low boiling point, and the solvent retains its liquid state in cool temperatures. Hexane extracts oil from fruits, and seeds, without disturbing their nutritional value. Thus, steady demand from edible oils market is expected to drive the hexane market.

Restraints: End-use industries shifting focus toward green solvents

Industries, particularly, conventional solvent manufacturers, are shifting their focus towards green solvents due to their biodegradability, non-toxic nature, and higher solvency than petroleum-derived solvents, for instance, hexane. Also, consumers across different end-use industries, such as food & beverages, pharmaceutical, cosmetics, and textile, prefer green solvents over petroleum-derived solvents. This is due to the stringent regulations being implemented by various countries across the globe pertaining to the use of hydrocarbons. Several tire manufacturing companies are focusing on the development of green tires, which offer improved performance and are sustainable. These tires also ensure the safety of vehicles. Bridgestone, Continental, and Goodyear, among others, are the major manufacturers of green tires. These factors are expected to restrain the growth of the hexane market.

Opportunity: Increase in demand for solvents in paints & coatings industry

As a solvent, hexane can dissolve various components, such as additives, pigments, that are used in the formulation of paints & coatings. Solvents assist in the regulation of paint viscosity and improve the quality of films. In paints, the product is highly used to avoid clumps or globs, and thereby provide the desired consistency. They also expedite the curing and drying process. Furthermore, the surging demand for paints due to the rapid growth across the construction industry and the mounting infrastructure development in China, India, the US, among other countries, are expected to further boost the adoption of solvents in the paints & coatings industry.

Challenge: Fluctuations in global crude oil prices

Crude oil is the most important energy resource for conducting economic activities, and the uncertainty in the evolution of crude oil prices has a significant effect on economic stability. Hydrocarbon solvents, such as hexane is a refined, processed, and purified products of crude oil. Therefore, the fluctuations in the price of crude oil will have a direct impact on the hexane manufacturers, creating a situation of uncertainty. Crude oil prices have constantly been fluctuating since the drop in 2014, and the declining trend continued until 2016. However, prices witnessed a rising trend in 2017 and 2018, which resulted in higher demand for production enhancement activities. The prices again dipped in 2019 and 2020, with a steady increase from January 2021 to March 2022.

Based on grade, industrial segment is expected to grow at the highest CAGR during the forecast period, in terms of volume

The hexane market by grade is segmented into oil extraction/food grade, pharmaceutical, and industrial. The industrial grade is expected to grow at the highest CAGR during 2022 to 2027, owing to its usage in various industries such as oil and grease extraction, furniture, and printing industries. Also, the growth is aided by the increase in demand for textiles in emerging economies for industrial grade hexane.

Based on application, polymerization segment is expected to grow at the highest CAGR during the forecast period, in terms of volume

The hexane market, by application, is segmented into oil extraction, pharmaceutical, industrial cleaning & greasing, polymerization, and others. The polymerization segment is expected to grow at the highest CAGR during 2022 to 2027, owing to increase in demand for polymers. Hexane is used as a reaction medium for polymerization. This is expected to create opportunities for the growth of hexane market.

Asia Pacific is expected to be the largest hexane market during the forecast period, in terms of volume

Asia Pacific is the largest hexane market followed by North America, in terms of volume, during the forecast period of 2022 to 2027. The major economies of the Asia Pacific region contributing significantly to the growth of the hexane market are China, India, Japan, and South Korea. The region has emerged as an important consumer of hexane due to the increasing demand for vegetable oil, aided by rise in the standard of living of the people and disposable income. This further increases the growth of hexane market in Asia Pacific.

Hexane Market by Region

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

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Key Market Players

Major companies in the hexane market include China Petroleum & Chemical Corporation (China), Shell plc (UK), Exxon Mobil Corporation (US), Rompetrol-Rafinare (Romania), Junyuan Petroleum Group (China), TotalEnergies (France), Phillips 66 Company (US), Indian Oil Corporation Ltd (India), Petróleo Brasileiro S.A. (Brazil), Bharat Petroleum Corporation Limited (India), Hindustan Petroleum Corporation Limited (India), Honeywell International Inc. (US), Sumitomo Chemical (Japan), among others. A total of 23 major players have been covered. These players have adopted product launches, acquisitions, and expansions as the major strategies to consolidate their position in the market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2027

Base Year Considered

2021

Forecast Period

2022–2027

Forecast Units

Value (USD Million), Volume (Kiloton)

Segments Covered

Grade, Application, and Region

Geographies Covered

Asia Pacific, Europe, North America, Middle East & Africa, and South America

Companies Covered

The major market players include China Petroleum & Chemical Corporation (China), Shell plc (UK), Exxon Mobil Corporation (US), Rompetrol-Rafinare (Romania), Junyuan Petroleum Group (China), among others.
(Total of 23 companies)

This research report categorizes the Hexane market based on grade, application, and region.

Based on grade, the hexane market has been segmented as follows:
Based on application, the hexane market has been segmented as follows:
  • Oil Extraction
  • Industrial Cleaning and Degreasing
  • Pharmaceutical
  • Polymerization
  • Others
Based on region, the hexane market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2021, Sumitomo Chemical decided to build new research facilities in Chiba and Osaka, and reorganize research laboratories in Osaka, Tsukuba, and Chiba, to accelerate the creation of next generation businesses.
  • In February 2021, GFS Chemicals, Inc. announced its new partnership with Hanna Instruments USA, Inc. With this approach, GFS expanded its customer base by product offerings, that include Karl Fischer titration solutions and other specialty solvents and reagents for applications like peroxide value, acid number, and more.
  • In January 2021, Indian Oil Corporation Ltd announced the plans for more than 400 USD thousand expansion project at its Chennai refinery. The refinery produced highest quantity of food grade hexane in 2020-21.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 18)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
    1.4 MARKET SCOPE 
           1.4.1 REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY 
    1.6 UNITS CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
    2.2 MATRIX CONSIDERED FOR DEMAND SIDE 
    2.3 MARKET SIZE ESTIMATION 
    2.4 METHODOLOGY FOR SUPPLY-SIDE SIZING OF HEXANE  MARKET (1/2) 
    2.5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF HEXANE  MARKET (2/2) 
           2.5.1 CALCULATIONS FOR SUPPLY-SIDE ANALYSIS
           2.5.2 FORECAST
           2.5.3 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
    2.6 DATA TRIANGULATION 
    2.7 RESEARCH ASSUMPTIONS 
    2.8 LIMITATIONS 
    2.9 RISK ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 34)
 
4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN HEXANE MARKET 
    4.2 HEXANE MARKET, BY REGION 
    4.3 HEXANE MARKET, BY GRADE 
    4.4 HEXANE MARKET, BY APPLICATION 
    4.5 HEXANE MARKET: MAJOR COUNTRIES 
 
5 MARKET OVERVIEW (Page No. - 40)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Steady demand from edible oils market
                    5.2.1.2 Strong demand from growing markets in Asia Pacific
           5.2.2 RESTRAINTS
                    5.2.2.1 End-use industries shifting focus toward green solvents
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increase in demand for solvents in paints & coatings industry
           5.2.4 CHALLENGES
                    5.2.4.1 Handling issues related to hexane due to its high flammability and toxicity
                    5.2.4.2 Fluctuations in global crude oil prices
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 ECOSYSTEM 
    5.5 VALUE CHAIN ANALYSIS 
    5.6 MANUFACTURING PROCESS 
           5.6.1 INTRODUCTION
           5.6.2 SYNTHESIS
    5.7 POLICIES AND REGULATIONS 
           5.7.1 REACH: REGISTRATION, EVALUATION, AUTHORISATION, AND RESTRICTION OF CHEMICALS REGULATION
                    5.7.1.1 Dossier evaluation status
           5.7.2 CLP: CLASSIFICATION, LABELING, AND PACKAGING
           5.7.3 ATMOSPHERIC STANDARDS
           5.7.4 FDA REGULATIONS
    5.8 CASE STUDY ANALYSIS 
    5.9 TRADE DATA 
    5.10 PRICING ANALYSIS 
 
6 HEXANE MARKET, BY TYPE (Page No. - 55)
    6.1 INTRODUCTION 
    6.2 N-HEXANE 
           6.2.1 USAGE OF N-HEXANE IN SEVERAL APPLICATIONS TO DRIVE DEMAND
    6.3 ISOHEXANE 
           6.3.1 RISING DEMAND FOR ADHESIVES IN GROWING ECONOMIES TO DRIVE MARKET
    6.4 NEOHEXANE 
           6.4.1 USE OF NEOHEXANE IN GLUES AND PAINTS TO DRIVE DEMAND
 
7 HEXANE MARKET, BY GRADE (Page No. - 56)
    7.1 INTRODUCTION 
    7.2 OIL EXTRACTION/FOOD GRADE 
           7.2.1 HIGH DEMAND FOR VEGETABLE OIL TO DRIVE DEMAND
    7.3 PHARMACEUTICAL GRADE 
           7.3.1 RISE IN CHRONIC DISEASES TO DRIVE MARKET
    7.4 INDUSTRIAL GRADE 
           7.4.1 USAGE OF INDUSTRIAL GRADE HEXANE IN VARIOUS INDUSTRIES TO DRIVE DEMAND
 
8 HEXANE MARKET, BY APPLICATION (Page No. - 60)
    8.1 INTRODUCTION 
    8.2 OIL EXTRACTION 
           8.2.1 RISING DEMAND FOR VEGETABLE OIL TO DRIVE SEGMENT
    8.3 PHARMACEUTICAL 
           8.3.1 RISE IN CHRONIC DISEASES TO DRIVE MARKET
    8.4 INDUSTRIAL CLEANING & DEGREASING 
           8.4.1 GROWING DEMAND FOR TEXTILE, FOOTWEAR & LEATHER PRODUCTS TO BOOST MARKET
    8.5 POLYMERIZATION 
           8.5.1 GROWING DEMAND FOR POLYMERS TO ENHANCE DEMAND FOR HEXANE
    8.6 OTHERS 
 
9 HEXANE MARKET, BY REGION (Page No. - 71)
    9.1 INTRODUCTION 
    9.2 NORTH AMERICA 
           9.2.1 US
                    9.2.1.1 Rise in consumption of vegetable oil to drive demand
           9.2.2 CANADA
                    9.2.2.1 Strong chemical industry to boost market
           9.2.3 MEXICO
                    9.2.3.1 Rise in demand for processed food and paints & coatings to propel demand
    9.3 ASIA PACIFIC 
           9.3.1 CHINA
                    9.3.1.1 China accounts for largest market in Asia Pacific
           9.3.2 INDIA
                    9.3.2.1 Growth in paint & coatings industry to drive market
           9.3.3 JAPAN
                    9.3.3.1 Large construction sector one of major consumers of hexane
           9.3.4 SOUTH KOREA
                    9.3.4.1 Growth of food and pharmaceutical sectors
           9.3.5 REST OF ASIA PACIFIC
    9.4 EUROPE 
           9.4.1 GERMANY
                    9.4.1.1 Germany accounted for largest market share of hexane in Europe
           9.4.2 UK
                    9.4.2.1 Increase in production of commercial vehicles to drive market
           9.4.3 FRANCE
                    9.4.3.1 Growth in construction and pharmaceutical sectors to drive market
           9.4.4 REST OF EUROPE
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 SAUDI ARABIA
                    9.5.1.1 Growth in construction and pharmaceutical sectors to create opportunities for market players
           9.5.2 REST OF MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA 
           9.6.1 BRAZIL
                    9.6.1.1 Largest market in South America
           9.6.2 REST OF SOUTH AMERICA
 
10 COMPETITIVE LANDSCAPE (Page No. - 109)
     10.1 INTRODUCTION 
     10.2 REVENUE ANALYSIS 
     10.3 MARKET SHARE ANALYSIS, 2021 
             10.3.1 SHELL PLC
             10.3.2 CHINA PETROLEUM & CHEMICAL CORPORATION
             10.3.3 EXXON MOBIL CORPORATION
             10.3.4 ROMPETROL-RAFINARE
             10.3.5 JUNYUAN PETROLEUM GROUP
     10.4 COMPANY EVALUATION MATRIX 
             10.4.1 STAR PLAYERS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE
             10.4.4 PARTICIPANTS
     10.5 COMPETITIVE SCENARIO 
 
11 COMPANY PROFILES (Page No. - 120)
     11.1 CHINA PETROLEUM & CHEMICAL CORPORATION 
             11.1.1 BUSINESS OVERVIEW
             11.1.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.3 MNM VIEW
                        11.1.3.1 Key strengths/Right to win
                        11.1.3.2 Strategic choices
                        11.1.3.3 Weaknesses/Competitive threats
     11.2 SHELL PLC 
             11.2.1 BUSINESS OVERVIEW
             11.2.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.2.3 MNM VIEW
                        11.2.3.1 Key strengths/Right to win
                        11.2.3.2 Strategic choices
                        11.2.3.3 Weaknesses/Competitive threats
     11.3 EXXON MOBIL CORPORATION 
             11.3.1 BUSINESS OVERVIEW
             11.3.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.3.3 MNM VIEW
                        11.3.3.1 Key strengths/Right to win
                        11.3.3.2 Strategic choices
                        11.3.3.3 Weaknesses/Competitive threats
     11.4 ROMPETROL-RAFINARE 
             11.4.1 BUSINESS OVERVIEW
             11.4.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.4.3 MNM VIEW
                        11.4.3.1 Key strengths/Right to win
                        11.4.3.2 Strategic choices
                        11.4.3.3 Weaknesses/Competitive threats
     11.5 JUNYUAN PETROLEUM GROUP 
             11.5.1 BUSINESS OVERVIEW
             11.5.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.5.3 MNM VIEW
                        11.5.3.1 Key strengths/Right to win
                        11.5.3.2 Strategic choices
                        11.5.3.3 Weaknesses/Competitive threats
     11.6 TOTALENERGIES 
             11.6.1 BUSINESS OVERVIEW
             11.6.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.6.3 RECENT DEVELOPMENTS
     11.7 PHILLIPS 66 COMPANY 
             11.7.1 BUSINESS OVERVIEW
             11.7.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.8 INDIAN OIL CORPORATION LTD 
             11.8.1 BUSINESS OVERVIEW
             11.8.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.8.3 RECENT DEVELOPMENT
     11.9 PETRÓLEO BRASILEIRO S.A. 
             11.9.1 BUSINESS OVERVIEW
             11.9.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.10 BHARAT PETROLEUM CORPORATION LIMITED 
             11.10.1 BUSINESS OVERVIEW
             11.10.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.11 HINDUSTAN PETROLEUM CORPORATION LIMITED 
             11.11.1 BUSINESS OVERVIEW
             11.11.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.12 HONEYWELL INTERNATIONAL INC. 
             11.12.1 BUSINESS OVERVIEW
             11.12.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.12.3 RECENT DEVELOPMENT
     11.13 SUMITOMO CHEMICAL 
             11.13.1 BUSINESS OVERVIEW
             11.13.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.13.3 RECENT DEVELOPMENT
     11.14 THAI OIL PUBLIC COMPANY LIMITED 
             11.14.1 BUSINESS OVERVIEW
             11.14.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.14.3 RECENT DEVELOPMENT
     11.15 SHENYANG HUIFENG PETROCHEMICAL CO., LTD 
             11.15.1 BUSINESS OVERVIEW
             11.15.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.16 TOKYO CHEMICAL INDUSTRY CO., LTD. 
             11.16.1 BUSINESS OVERVIEW
             11.16.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.17 ARHAM PETROCHEM PRIVATE LIMITED 
             11.17.1 BUSINESS OVERVIEW
             11.17.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.17.3 RECENT DEVELOPMENT
     11.18 HYDRITE CHEMICAL 
             11.18.1 BUSINESS OVERVIEW
             11.18.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.18.3 RECENT DEVELOPMENT
     11.19 GFS CHEMICALS, INC. 
             11.19.1 BUSINESS OVERVIEW
             11.19.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.19.3 RECENT DEVELOPMENTS
     11.20 NOAH CHEMICALS 
             11.20.1 BUSINESS OVERVIEW
             11.20.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.21 LIAONING YUFENG CHEMICAL CO., LTD. 
             11.21.1 BUSINESS OVERVIEW
             11.21.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.22 SPECTRUM CHEMICAL 
             11.22.1 BUSINESS OVERVIEW
             11.22.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.23 MERCK KGAA 
             11.23.1 BUSINESS OVERVIEW
             11.23.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
12 APPENDIX (Page No. - 171)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 
 
 
LIST OF TABLES (187 TABLES)
 
TABLE 1 HEXANE MARKET, BY GRADE: INCLUSIONS & EXCLUSIONS
TABLE 2 HEXANE MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
TABLE 3 HEXANE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
TABLE 4 HEXANE MARKET, 2022–2027
TABLE 5 HEXANE MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 6 HEXANE MARKET: ECOSYSTEM
TABLE 7 HEXANE’S MAIN APPLICATIONS IN EXTRACTION OF FOOD PRODUCTS AND INGREDIENTS
TABLE 8 DOSSIER EVALUATION STATUS OF N-HEXANE
TABLE 9 EXPORT DATA (2021)
TABLE 10 IMPORT DATA (2021)
TABLE 11 HEXANE MARKET SIZE, BY GRADE, 2018–2020 (USD MILLION)
TABLE 12 HEXANE MARKET SIZE, BY GRADE, 2021–2027 (USD MILLION)
TABLE 13 HEXANE MARKET SIZE, BY GRADE, 2018–2020 (KILOTON)
TABLE 14 HEXANE MARKET SIZE, BY GRADE, 2021–2027 (KILOTON)
TABLE 15 HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 16 HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 17 HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 18 HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 19 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 20 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
TABLE 21 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
TABLE 22 OIL EXTRACTION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 23 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 24 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
TABLE 25 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
TABLE 26 PHARMACEUTICAL: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 27 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION,  2018–2020 (USD MILLION)
TABLE 28 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
TABLE 29 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION,  2018–2020 (KILOTON)
TABLE 30 INDUSTRIAL CLEANING & DEGREASING: HEXANE MARKET SIZE, BY REGION,  2021–2027 (KILOTON)
TABLE 31 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 32 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
TABLE 33 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
TABLE 34 POLYMERIZATION: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 35 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 36 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
TABLE 37 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
TABLE 38 OTHER APPLICATIONS: HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 39 HEXANE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
TABLE 40 HEXANE MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
TABLE 41 HEXANE MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
TABLE 42 HEXANE MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
TABLE 43 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 44 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 45 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 46 NORTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 47 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 48 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 49 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
TABLE 50 NORTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 51 US: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 52 US: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 53 US: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 54 US: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 55 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 56 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 57 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 58 CANADA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 59 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 60 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 61 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 62 MEXICO: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 63 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 64 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 65 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 66 ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 67 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 68 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 69 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
TABLE 70 ASIA PACIFIC: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 71 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 72 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 73 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 74 CHINA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 75 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 76 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 77 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 78 INDIA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 79 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 80 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 81 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 82 JAPAN: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 83 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 84 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 85 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 86 SOUTH KOREA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 87 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION,  2018–2020 (USD MILLION)
TABLE 88 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
TABLE 89 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 90 REST OF ASIA PACIFIC: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 91 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 92 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 93 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 94 EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 95 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 96 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 97 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
TABLE 98 EUROPE: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 99 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 100 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 101 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 102 GERMANY: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 103 UK: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 104 UK: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 105 UK: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 106 UK: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 107 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 108 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 109 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 110 FRANCE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 111 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 112 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 113 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 114 REST OF EUROPE: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 115 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION,  2018–2020 (USD MILLION)
TABLE 116 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 118 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 119 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
TABLE 120 MIDDLE EAST & AFRICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 121 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 122 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 123 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2018–2020 (KILOTON)
TABLE 124 SOUTH AMERICA: HEXANE MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
TABLE 125 SOUTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
TABLE 126 SOUTH AMERICA: HEXANE MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
TABLE 127 OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 128 HEXANE MARKET: INTENSITY OF COMPETITIVE RIVALRY
TABLE 129 HEXANE MARKET: GRADE FOOTPRINT
TABLE 130 HEXANE MARKET: APPLICATION FOOTPRINT
TABLE 131 HEXANE MARKET: REGION FOOTPRINT
TABLE 132 HEXANE MARKET: DEALS, 2019–2022
TABLE 133 HEXANE MARKET: OTHER DEVELOPMENTS, 2019–2022
TABLE 134 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW
TABLE 135 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCT OFFERED
TABLE 136 SHELL PLC: COMPANY OVERVIEW
TABLE 137 SHELL PLC: PRODUCTS OFFERED
TABLE 138 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
TABLE 139 EXXON MOBIL CORPORATION: PRODUCTS OFFERED
TABLE 140 ROMPETROL-RAFINARE: COMPANY OVERVIEW
TABLE 141 ROMPETROL-RAFINARE: PRODUCT OFFERED
TABLE 142 JUNYUAN PETROLEUM GROUP: COMPANY OVERVIEW
TABLE 143 JUNYUAN PETROLEUM GROUP: PRODUCTS OFFERED
TABLE 144 TOTALENERGIES: COMPANY OVERVIEW
TABLE 145 TOTALENERGIES: PRODUCTS OFFERED
TABLE 146 TOTALENERGIES: PRODUCT LAUNCH
TABLE 147 PHILLIPS 66 COMPANY: COMPANY OVERVIEW
TABLE 148 PHILLIPS 66 COMPANY: PRODUCT OFFERED
TABLE 149 INDIAN OIL CORPORATION LTD: COMPANY OVERVIEW
TABLE 150 INDIAN OIL CORPORATION LTD: PRODUCT OFFERED
TABLE 151 INDIAN OIL CORPORATION LTD: OTHERS
TABLE 152 PETRÓLEO BRASILEIRO S.A.: COMPANY OVERVIEW
TABLE 153 PETRÓLEO BRASILEIRO S.A.: PRODUCT OFFERED
TABLE 154 BHARAT PETROLEUM CORPORATION LIMITED: COMPANY OVERVIEW
TABLE 155 BHARAT PETROLEUM CORPORATION LIMITED: PRODUCTS OFFERED
TABLE 156 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY OVERVIEW
TABLE 157 HINDUSTAN PETROLEUM CORPORATION LIMITED: PRODUCT OFFERED
TABLE 158 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
TABLE 159 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERED
TABLE 160 HONEYWELL INTERNATIONAL INC.: OTHERS
TABLE 161 SUMITOMO CHEMICAL: COMPANY OVERVIEW
TABLE 162 SUMITOMO CHEMICAL: PRODUCT OFFERED
TABLE 163 SUMITOMO CHEMICAL: OTHERS
TABLE 164 THAI OIL PUBLIC COMPANY LIMITED: COMPANY OVERVIEW
TABLE 165 THAI OIL PUBLIC COMPANY LIMITED: PRODUCTS OFFERED
TABLE 166 THAI OIL PUBLIC COMPANY LIMITED: DEALS
TABLE 167 SHENYANG HUIFENG PETROCHEMICAL CO., LTD: COMPANY OVERVIEW
TABLE 168 SHENYANG HUIFENG PETROCHEMICAL CO., LTD: PRODUCTS OFFERED
TABLE 169 TOKYO CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW
TABLE 170 TOKYO CHEMICAL INDUSTRY CO., LTD.: PRODUCT OFFERED
TABLE 171 ARHAM PETROCHEM PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 172 ARHAM PETROCHEM PRIVATE LIMITED: PRODUCT OFFERED
TABLE 173 ARHAM PETROCHEM PRIVATE LIMITED: DEALS
TABLE 174 HYDRITE CHEMICAL: COMPANY OVERVIEW
TABLE 175 HYDRITE CHEMICAL: PRODUCT OFFERED
TABLE 176 HYDRITE CHEMICAL: OTHERS
TABLE 177 GFS CHEMICALS, INC.: COMPANY OVERVIEW
TABLE 178 GFS CHEMICALS, INC.: PRODUCT OFFERED
TABLE 179 GFS CHEMICALS, INC.: DEALS
TABLE 180 NOAH CHEMICALS: COMPANY OVERVIEW
TABLE 181 NOAH CHEMICALS: PRODUCT OFFERED
TABLE 182 LIAONING YUFENG CHEMICAL CO., LTD.: COMPANY OVERVIEW
TABLE 183 LIAONING YUFENG CHEMICAL CO., LTD.: PRODUCTS OFFERED
TABLE 184 SPECTRUM CHEMICAL: COMPANY OVERVIEW
TABLE 185 SPECTRUM CHEMICAL: PRODUCTS OFFERED
TABLE 186 MERCK KGAA: COMPANY OVERVIEW
TABLE 187 MERCK KGAA: PRODUCT OFFERED
 
 
LIST OF FIGURES (47 FIGURES)
 
FIGURE 1 HEXANE: MARKET SEGMENTATION
FIGURE 2 HEXANE MARKET: RESEARCH DESIGN
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS
FIGURE 4 MAIN MATRIX CONSIDERED FOR CONSTRUCTING AND ASSESSING  DEMAND FOR HEXANE
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 7 HEXANE MARKET: DATA TRIANGULATION
FIGURE 8 OIL EXTRACTION/FOOD GRADE TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 9 OIL EXTRACTION APPLICATION TO LEAD HEXANE MARKET
FIGURE 10 ASIA PACIFIC DOMINATED HEXANE MARKET
FIGURE 11 MARKET TO WITNESS MODERATE GROWTH BETWEEN 2022 AND 2027
FIGURE 12 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN HEXANE MARKET
FIGURE 13 INDUSTRIAL GRADE TO WITNESS HIGHEST CAGR IN HEXANE MARKET
FIGURE 14 POLYMERIZATION SEGMENT TO WITNESS HIGHEST CAGR
FIGURE 15 CHINA TO GROW AT HIGHEST CAGR IN HEXANE MARKET
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HEXANE MARKET
FIGURE 17 OIL SEED PRODUCTION, 2018-2030
FIGURE 18 VEGETABLE OIL PRODUCTION, 2018-2030
FIGURE 19 CRUDE OIL PRICES: JANUARY 2019-OCTOBER 2022 (USD/BARREL)
FIGURE 20 HEXANE MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 21 ECOSYSTEM MAP OF HEXANE MARKET
FIGURE 22 HEXANE MARKET: VALUE CHAIN ANALYSIS
FIGURE 23 PRODUCTION PROCESS
FIGURE 24 HEXANE MARKET: PRICING ANALYSIS
FIGURE 25 OIL EXTRACTION/FOOD GRADE SEGMENT TO ACCOUNT FOR LARGEST  MARKET SHARE
FIGURE 26 OIL EXTRACTION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 27 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 28 NORTH AMERICA: HEXANE MARKET SNAPSHOT
FIGURE 29 ASIA PACIFIC: HEXANE MARKET SNAPSHOT
FIGURE 30 EUROPE: HEXANE MARKET SNAPSHOT
FIGURE 31 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST FIVE YEARS
FIGURE 32 HEXANE MARKET SHARE ANALYSIS
FIGURE 33 HEXANE: COMPANY EVALUATION MATRIX, 2021
FIGURE 34 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
FIGURE 35 SHELL PLC: COMPANY SNAPSHOT
FIGURE 36 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 37 ROMPETROL-RAFINARE: COMPANY SNAPSHOT
FIGURE 38 TOTALENERGIES: COMPANY SNAPSHOT
FIGURE 39 PHILLIPS 66 COMPANY: COMPANY SNAPSHOT
FIGURE 40 INDIAN OIL CORPORATION LTD: COMPANY SNAPSHOT
FIGURE 41 PETRÓLEO BRASILEIRO S.A.: COMPANY SNAPSHOT
FIGURE 42 BHARAT PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
FIGURE 43 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
FIGURE 44 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 45 SUMITOMO CHEMICAL: COMPANY SNAPSHOT
FIGURE 46 THAI OIL PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT
FIGURE 47 MERCK KGAA: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the hexane market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the hexane value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources for this research study include annual reports; press releases, and investor presentations of companies; white papers; certified publications; and articles by recognized authors, gold- and silver-standard websites, hexane manufacturing companies, regulatory bodies, trade directories, and databases. The secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It has also been used to obtain information about key developments from a market-oriented perspective.

Primary Research

The hexane market comprises several stakeholders, such as raw material suppliers, processors, end-use industries, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of hexane manufacturers, importers/exporters, and manufacturers engaged in the production of various products. The supply side is characterized by key technology providers for hexane, end-users, researchers, and service providers.

In the primary research process, various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side included key opinion leaders, executives, vice presidents, and CEOs of manufacturing companies. The primary sources from the supply side included research institutions involved in R&D activities to introduce new technologies, key opinion leaders, distributors, and hexane manufacturing companies.

Breakdown of the Primary Interviews

Hexane Market Size, and Share

Notes: Other designations include sales managers, engineers, and regional managers.

Tier 1 company—revenue >USD 5 billion, tier 2 company—revenue between USD 1 billion and USD 5 billion, and tier 3 company—revenue <USD 1 billion

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the hexane market. These approaches have also been used extensively to estimate the size of various dependent subsegments of the market. The research methodology used to estimate the market size included the following:

The following segments provide details about the overall market size estimation process employed in this study

  • The key players in the market were identified through secondary research.
  • The market shares in the respective regions were identified through primary and secondary research.
  • The value chain and market size of the hexane market, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of annual and financial reports of the top market players and interviews with industry experts, such as CEOs, VPs, directors, sales managers, and marketing executives, for key insights, both quantitative and qualitative.

Global Hexane Market Size: Bottom-Up Approach

Hexane Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market was validated using both the top-down and bottom-up approaches.

Report Objectives

Market Intelligence

  • To analyze and forecast the size of the hexane market in terms of value and volume
  • To define, describe, and forecast the market size by grade, application, and region
  • To forecast the market size with respect to five main regions, namely, Asia Pacific, Europe, North America, Middle East & Africa, and South America
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the market segments with respect to individual growth trends, prospects, and their contribution to the market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments, such as acquisitions, partnerships, and expansions in the hexane market

Competitive Intelligence

  • To identify and profile the key players in the hexane market
  • To determine the top players offering various products in the hexane market
  • To provide a comparative analysis of the market leaders based on the following:
  • Product offerings
  • Business strategies
  • Strengths and weaknesses
  • Key financials
  • To understand the competitive landscape of the market and identify the key growth strategies adopted by the leading players across key regions

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Product matrix, which gives a detailed comparison of the product portfolio of each company
Report Code
CH 8492
Published ON
Jan, 2023
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