Global Hexane Market to Grow at a CAGR of 3.21% by 2030 | ChemAnalyst
by Chem Analyst Chemical Database PriceAccording to
ChemAnalyst report, “Global Hexane
Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply,
Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer
& Price Intelligence Market Analysis, 2015-2030”, global
hexane market has shown promising growth in the past five years and is anticipated
to achieve a CAGR of 3.21% during the forecast period. Growing demand of edible
oil coupled with the increasing demand of industrial solvents from the paints
and adhesives industry is expected to drive the demand of hexane during the
forecast period. Moreover, Availability of safer alternatives for oil
extraction such as cyclohexane is expected to somehow hinder the market growth.
Get more information:
https://www.chemanalyst.com/industry-report/hexane-market-610
Hexane is a
colourless fluid with a relatively low and narrow boiling range. It has low
odor and quick drying properties. It is able to dissolve in many organic
compounds and evaporate easily which makes it good solvent and diluent for a
wide range of industrial applications. Structurally hexane has three isomers
including n-hexane, iso hexane and neo hexane. Out of the three, n-hexane is
the most sought after isomer of hexane. Depending upon the concentrations of
n-hexane and purity there are two grades of hexane namely polymerization grade
and food grade. The polymerization grade is used as a reaction medium for
polymerization process. The extraction grade is used to extract edible oils
which is the major application of hexane.
Request
Sample: https://www.chemanalyst.com/ChemAnalyst/RequestForm
The key
application areas for hexane include polymerization process, specialist
coatings and adhesives, pharmaceutical and food extraction, industrial cleaning
and degreasing, textile and rubber manufacturing etc. Owing to the impact of
COVID-19, hexane demand has declined drastically due to nationwide lockdowns
and subsequent disruptions in supply chains. Construction and automotive
sectors were the most severely hit sectors during the pandemic which had an
impact on paints and adhesives industry which have application of hexane as
solvent. However overall good demand growth has been observed in China from the
manufacturing sector due to continuation of production activities after the
lockdowns.
Hexane is
majorly related to crude oil and natural gas hence the price is linked to the variations
in the prices of crude oil and natural gas. Prices are linked to the prices of
the crude oil as hexane is a byproduct of cracking of petroleum into gasoline. In the first half of FY20 sudden outbreak of
novel coronavirus followed by a fall in in the demand of crude oil due to nationwide
lockdowns rendered a major fall in the global hexane, hence the prices remained
low for hexane during the coronavirus pandemic.
Region wise,
Asia Pacific region holds the major share of global demand for hexane due to
growing demand for edible oils and commercial and residential construction and
automotive sector. Increasing population and per capita income in emerging
economies is another factor propelling demand growth for hexane in Asia Pacific.
According to
ChemAnalyst report, Global Hexane
Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply,
Technology, Application, End Use, Distribution Channel, Region, Competition,
Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,
some of the major players operating in global hexane
market are Bharat Petroleum Corporation Limited, HPCL, Indian Oil Corporation
Ltd, Exxon Mobil Corporation, Jun Yuan Petroleum Group, Merck KGaA, Liaoning
Yufeng Chemical Co. Ltd, Phillips 66 Company, Royal Dutch Shell Plc,
Rompetrol-Rafinare, Sumitomo Chemical Co., Ltd., and Others.
“Having endues
application in Food industry, the global hexane industry has shown a robust
growth alongside growing population and changing consumer preference. China serves
as the key growth region with sufficiently installed capacities for hexane.
Major players are anticipating that there will be sufficient demand supply gaps
in the future given that the global population is on the rise at a steady rate
which will rise the demand for edible oils which require hexane for extraction.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm promoting
ChemAnalyst.
Browse Related Reports
India n-Hexane Market: Plant Capacity,
Production, Operating Efficiency, Process, Demand & Supply, End Use,
Application, Sales Channel, Region, Competition, Trade, Customer & Price
Intelligence Market Analysis, 2030
https://www.chemanalyst.com/industry-report/india-n-hexane-market-46
India LPG Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand & Supply, End User Industries,
Distribution Channel, Region-Wise Demand, Import & Export, 2015-2030
https://www.chemanalyst.com/industry-report/india-lpg-market-221
About
Us
ChemAnalyst
is a leading provider of chemical commodity prices in more than 12 countries
since from last 4 Years. The company has emerged as a preferred pricing
supplier amongst Procurement Managers and Strategy Professionals globally who
wants to track near real time prices of chemicals on its interactive dashboard.
Unlike most of its competitors such as ICIS, IHS & S&P Platts the
company doesn’t believe in delivering prices in PDF reports. The company has
developed proprietary algorithm based online subscription platform in which
users can track years of historical prices of more than 250 chemical
commodities. In addition, since it’s all online, the users cannot just compare
prices across multiple countries but also with other commodities and play with
the data by generating multiple graphs to find out amazing insights. The users
get access to grade wise CIF, CFR & Ex Works prices at multiple ports in
each country.
ChemAnalyst
also provides market analysis for more than 1000+ chemical commodities such as
Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers,
Customers and much more. The company has created online interactive dashboard
in which customers can access all this data instantly with a click of a button.
The users will not only be able to analyse historical data for past years but
will also get to analyse short term and long-term forecasts for coming years.
With the access to local field teams, the company can provide high quality
reliable market analysis data for more than 20 countries.
ChemAnalyst
is a one stop solution for all the data related needs. We at ChemAnalyst are
committed to assist customers worldwide with their data and insights needs
using our comprehensive online platform.
For
more information, please visit us at www.chemanalyst.com
Contact
Us:
Nilesh Vishwakarma
B-44
Sector-57 Noida,
National
Capital Region
Tel: 0120-4523948
Mob:
+91-8882336899
Sponsor Ads
Created on Jul 21st 2021 04:02. Viewed 243 times.