Hexane Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Hexane is an unreactive, odorless, colorless, and relatively cost-effective solvent. It is known to be insoluble in water and also highly flammable. Hexane production is quite dependent on crude oil availability. Since it is majorly manufactured by refining & reforming crude oil, it has major applications, mainly in the formulation of glues & adhesives. Furthermore, it also acts as a solvent extraction agent owing to its immiscible properties in many industries. It further possesses degreasing properties, which can be utilized as a cleaning agent.
MARKET DYNAMICS
The hexane market has witnessed significant growth owing to factors such as wider application in oil extraction, industrial cleaning and degreasing, polymerization, pharmaceuticals, and others. Hexane has a greater capacity to extract oil than the other solvents, like petroleum ether & ethyl acetate. It easily mixes with vegetable oil and then washes it out without disturbing fiber, sugar, protein, and undesired gums. Rising crude oil production around the world is anticipated to be an important driver for this market during the review period. Moreover, demand for hexane is presumed to witness significant growth over the assessment period owing to the surging oil & gas industry. However, the implementation of stringent regulations by various government organizations has restricted the application of toxic contaminants used in the extraction of cooking oils, which may hamper the growth of the hexane market. Nevertheless, with the steady growth in the oil industry and pharmaceuticals sector, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Hexane Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hexane market with detailed market segmentation by grade, application, and geography. The global hexane market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hexane market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hexane market is segmented on the basis of grade and application. On the basis of grade, the hexane market is segmented into oil extraction/food, pharmaceutical, and industrial. The hexane market on the basis of the application is classified into oil extraction, industrial cleaning and degreasing, polymerization, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hexane market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hexane market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report also includes the profiles affecting the hexane market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hexane market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hexane market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hexane market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report also includes the profiles affecting the hexane market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hexane market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global hexane market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hexane market are anticipated to lucrative growth opportunities in the future with the rising demand for hexane in the global market. Below mentioned is the list of few companies engaged in the hexane market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hexane market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bharat Petroleum Corporation Limited
- Chevron Phillips Chemical Company
- China Petroleum & Chemical Corporation
- Exxon Mobil Corporation
- Liaoyang Yufeng Chemical Co.
- Merck KGaA
- Phillips 66 Company
- Rompetrol S.A.
- Royal Dutch Shell Plc
- Sumitomo Chemical Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hexane Market - By Grade
1.3.2 Hexane Market - By Application
1.3.3 Hexane Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEXANE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HEXANE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HEXANE MARKET - GLOBAL MARKET ANALYSIS
6.1. HEXANE - GLOBAL MARKET OVERVIEW
6.2. HEXANE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEXANE MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. OIL EXTRACTION/FOOD
7.3.1. Overview
7.3.2. Oil Extraction/Food Market Forecast and Analysis
7.4. PHARMACEUTICAL
7.4.1. Overview
7.4.2. Pharmaceutical Market Forecast and Analysis
7.5. INDUSTRIAL
7.5.1. Overview
7.5.2. Industrial Market Forecast and Analysis
8. HEXANE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OIL EXTRACTION
8.3.1. Overview
8.3.2. Oil Extraction Market Forecast and Analysis
8.4. INDUSTRIAL CLEANING AND DEGREASING
8.4.1. Overview
8.4.2. Industrial Cleaning and Degreasing Market Forecast and Analysis
8.5. POLYMERIZATION
8.5.1. Overview
8.5.2. Polymerization Market Forecast and Analysis
8.6. PHARMACEUTICALS
8.6.1. Overview
8.6.2. Pharmaceuticals Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HEXANE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hexane Market Overview
9.1.2 North America Hexane Market Forecasts and Analysis
9.1.3 North America Hexane Market Forecasts and Analysis - By Grade
9.1.4 North America Hexane Market Forecasts and Analysis - By Application
9.1.5 North America Hexane Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hexane Market
9.1.5.1.1 United States Hexane Market by Grade
9.1.5.1.2 United States Hexane Market by Application
9.1.5.2 Canada Hexane Market
9.1.5.2.1 Canada Hexane Market by Grade
9.1.5.2.2 Canada Hexane Market by Application
9.1.5.3 Mexico Hexane Market
9.1.5.3.1 Mexico Hexane Market by Grade
9.1.5.3.2 Mexico Hexane Market by Application
9.2. EUROPE
9.2.1 Europe Hexane Market Overview
9.2.2 Europe Hexane Market Forecasts and Analysis
9.2.3 Europe Hexane Market Forecasts and Analysis - By Grade
9.2.4 Europe Hexane Market Forecasts and Analysis - By Application
9.2.5 Europe Hexane Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hexane Market
9.2.5.1.1 Germany Hexane Market by Grade
9.2.5.1.2 Germany Hexane Market by Application
9.2.5.2 France Hexane Market
9.2.5.2.1 France Hexane Market by Grade
9.2.5.2.2 France Hexane Market by Application
9.2.5.3 Italy Hexane Market
9.2.5.3.1 Italy Hexane Market by Grade
9.2.5.3.2 Italy Hexane Market by Application
9.2.5.4 United Kingdom Hexane Market
9.2.5.4.1 United Kingdom Hexane Market by Grade
9.2.5.4.2 United Kingdom Hexane Market by Application
9.2.5.5 Russia Hexane Market
9.2.5.5.1 Russia Hexane Market by Grade
9.2.5.5.2 Russia Hexane Market by Application
9.2.5.6 Rest of Europe Hexane Market
9.2.5.6.1 Rest of Europe Hexane Market by Grade
9.2.5.6.2 Rest of Europe Hexane Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hexane Market Overview
9.3.2 Asia-Pacific Hexane Market Forecasts and Analysis
9.3.3 Asia-Pacific Hexane Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Hexane Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Hexane Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hexane Market
9.3.5.1.1 Australia Hexane Market by Grade
9.3.5.1.2 Australia Hexane Market by Application
9.3.5.2 China Hexane Market
9.3.5.2.1 China Hexane Market by Grade
9.3.5.2.2 China Hexane Market by Application
9.3.5.3 India Hexane Market
9.3.5.3.1 India Hexane Market by Grade
9.3.5.3.2 India Hexane Market by Application
9.3.5.4 Japan Hexane Market
9.3.5.4.1 Japan Hexane Market by Grade
9.3.5.4.2 Japan Hexane Market by Application
9.3.5.5 South Korea Hexane Market
9.3.5.5.1 South Korea Hexane Market by Grade
9.3.5.5.2 South Korea Hexane Market by Application
9.3.5.6 Rest of Asia-Pacific Hexane Market
9.3.5.6.1 Rest of Asia-Pacific Hexane Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Hexane Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hexane Market Overview
9.4.2 Middle East and Africa Hexane Market Forecasts and Analysis
9.4.3 Middle East and Africa Hexane Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Hexane Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Hexane Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hexane Market
9.4.5.1.1 South Africa Hexane Market by Grade
9.4.5.1.2 South Africa Hexane Market by Application
9.4.5.2 Saudi Arabia Hexane Market
9.4.5.2.1 Saudi Arabia Hexane Market by Grade
9.4.5.2.2 Saudi Arabia Hexane Market by Application
9.4.5.3 U.A.E Hexane Market
9.4.5.3.1 U.A.E Hexane Market by Grade
9.4.5.3.2 U.A.E Hexane Market by Application
9.4.5.4 Rest of Middle East and Africa Hexane Market
9.4.5.4.1 Rest of Middle East and Africa Hexane Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Hexane Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hexane Market Overview
9.5.2 South and Central America Hexane Market Forecasts and Analysis
9.5.3 South and Central America Hexane Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Hexane Market Forecasts and Analysis - By Application
9.5.5 South and Central America Hexane Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hexane Market
9.5.5.1.1 Brazil Hexane Market by Grade
9.5.5.1.2 Brazil Hexane Market by Application
9.5.5.2 Argentina Hexane Market
9.5.5.2.1 Argentina Hexane Market by Grade
9.5.5.2.2 Argentina Hexane Market by Application
9.5.5.3 Rest of South and Central America Hexane Market
9.5.5.3.1 Rest of South and Central America Hexane Market by Grade
9.5.5.3.2 Rest of South and Central America Hexane Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HEXANE MARKET, KEY COMPANY PROFILES
11.1. BHARAT PETROLEUM CORPORATION LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHEVRON PHILLIPS CHEMICAL COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHINA PETROLEUM AND CHEMICAL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EXXON MOBIL CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LIAOYANG YUFENG CHEMICAL CO.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MERCK KGAA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PHILLIPS 66 COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ROMPETROL S.A.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROYAL DUTCH SHELL PLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUMITOMO CHEMICAL CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bharat Petroleum Corporation Limited
2. Chevron Phillips Chemical Company
3. China Petroleum and Chemical Corporation
4. Exxon Mobil Corporation
5. Liaoyang Yufeng Chemical Co.
6. Merck KGaA
7. Phillips 66 Company
8. Rompetrol S.A.
9. Royal Dutch Shell Plc
10. Sumitomo Chemical Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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