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Hexane Market Report, Size, Share, Industry Growth | Valuates Reports
In 2020, the global Hexane market size was US$ 1314.1 million and it is expected to reach US$ 1638.3 million by the end of 2027, with a CAGR of 3.2% during 2021-2027.
Hexane is an alkane of six carbon atoms, with the chemical formula C6H14. The term may refer to any of the five structural isomers with that formula, or to a mixture of them. Hexane is an organic compound made of carbon and hydrogen that is most commonly isolated as a byproduct of petroleum and crude oil refinement. At room temperature it is an odorless, colorless liquid.
The major use for solvents containing hexane is to extract vegetable oils from crops such as soybeans, flax, peanuts, and safflower seed. They are also used as cleaning agents in the textile, furniture, shoemaking, and printing industries, particularly rotogravure printing. Hexane is also an ingredient of special glues that are used in the roofing, shoe, and leather industries. Hexane is used in binding books, working leather, shaping pills and tablets, canning, manufacturing tires, and making baseballs.
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China is the largest Hexane market with about 32% market share. Asia(except China) is follower, accounting for about 21% market share.
The key players are Shell, Phillips 66, Exxon Mobil, Chevron Phillips Chemical, Bharat Petroleum, SK Chem, Sumitomo, Subaru Corporation, SINOPEC, Yangzi Chemical, Yufeng Chemical, Liangxin Petrochemical, CNPC, Junyuan Petroleum, HeLiShi Petroleum, Jihua Group, Yanshan Petrochemical, ZT League Chemical etc. Top 3 companies occupied about 26% market share.
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Global Hexane Scope and Market Size
Hexane market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Hexane market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Hexane market is segmented into
• N-hexane
• Isohexane
• Neohexane
Segment by Application, the Hexane market is segmented into
• Industrial Solvents
• Edible-oil Extractant
• Adhesives & Sealants
Regional and Country-level Analysis:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA
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The major companies include:
• Shell
• Phillips 66
• Exxon Mobil
• Chevron Phillips Chemical
• Bharat Petroleum
• SK Chem
• Sumitomo
• Subaru Corporation
• SINOPEC
• Yangzi Chemical
• Yufeng Chemical
• Liangxin Petrochemical
• CNPC
• Junyuan Petroleum
• HeLiShi Petroleum
• Jihua Group
• Yanshan Petrochemical
• ZT League Chemical
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