Global n-Hexane Market Size 2016-2024
Increasing population coupled along with shooting refined oil demand is expected to propel the demand for n-Hexane Market
Increasing population coupled along with shooting refined oil demand is expected to propel the demand for n-Hexane Market
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<strong>Global</strong> <strong>Market</strong> Study on n-<strong>Hexane</strong>: Oil Extraction<br />
End Use Segment to Dominate Consumption over<br />
the Forecast Period
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Report Media Releases<br />
<strong>Global</strong> N-<strong>Hexane</strong> <strong>Market</strong> Projected to Register a Moderate<br />
Growth; <strong>Global</strong> Revenues to Reach US$ 1856.7 Mn by <strong>2024</strong><br />
End<br />
According to the latest report published by Persistence <strong>Market</strong> Research titled, “<strong>Global</strong> <strong>Market</strong><br />
Study on n-<strong>Hexane</strong>: Oil Extraction End-Use Segment to Dominate Consumption over the<br />
Forecast Period ,” the global n-<strong>Hexane</strong> <strong>Market</strong> is anticipated to witness a Y-o-Y growth of<br />
more than 3% in <strong>2016</strong>. Increasing population coupled along with shooting refined oil demand is<br />
expected to propel the demand for n-<strong>Hexane</strong>. As a special-purpose solvent, n-<strong>Hexane</strong> has<br />
applications across a diverse set of industries which is expected to boost demand of n-hexane.<br />
Demand for n-<strong>Hexane</strong>, especially in developing region such Asia Pacific, is expected to boost<br />
the demand of the global n-<strong>Hexane</strong> market over the forecast period. Excellent properties of n-<br />
<strong>Hexane</strong> to remove odor and unwanted taste are expected to propel the demand of n-<strong>Hexane</strong><br />
from the edible oil industry. n-<strong>Hexane</strong> has the ability to remove unwanted taste and odor and this<br />
is the precise reason that the demand for n-<strong>Hexane</strong> has increased in edible oil industry.<br />
However, the consumers from developed regions are shifting from refined oil to cold-pressed oil<br />
owing to its superior health benefits. Cold pressing is a natural way to produce oil which does not<br />
contain solvent residues, no preservatives with natural antioxidants. In addition, Isohexane, a<br />
hexane isomer is used as a substitute of n-<strong>Hexane</strong> in few oilseed extraction applications. Due to<br />
toxic nature of n-<strong>Hexane</strong>, it has been substituted by n-heptane in some pharmaceutical<br />
applications. This may retard the growth of the n-<strong>Hexane</strong> market.<br />
Download Sample Report @ http://www.persistencemarketresearch.com/samples/12709<br />
Based on application, oil extraction will continue to lead the market share, representing nearly<br />
57% of total revenues in <strong>2016</strong>. High demand for n-<strong>Hexane</strong> in oil extraction owing to its<br />
effectiveness and high yield is expected to propel the global n-<strong>Hexane</strong> <strong>Market</strong>. Polymerization is<br />
expected to reach more than 200KT in <strong>2016</strong>. Oil Extraction, Pharmaceutical, and Polymerization<br />
will remain top 3 end-users in global n-<strong>Hexane</strong> <strong>Market</strong>.<br />
Grade wise, oil extraction followed by industrial will dominate the <strong>Global</strong> n-<strong>Hexane</strong> <strong>Market</strong> in<br />
<strong>2016</strong> and is anticipated to reach more than US$ 600 Mn in <strong>2016</strong>. Demand for industrial grade n-<br />
<strong>Hexane</strong> is expected to reach closed to 560 KT in <strong>2016</strong>.<br />
On the basis of the region, APAC has the largest market in n-<strong>Hexane</strong> market across the world.<br />
China recorded a dominant market share of more than 40% in 2015. Asia-Pacific is estimated to<br />
lead the market in <strong>2016</strong>, followed by Europe and North America. Moderate growth is expected<br />
from the mature markets such as North America and Europe. Europe will witness sluggish<br />
growth owing to the gradual economic recovery. In addition, important players in the market have<br />
been shifting their production bases to Asia Pacific region in order to capitalize on scale<br />
economies. Rising environmental concerns in developed regions over the use of n-<strong>Hexane</strong> and<br />
its adverse impact on health and environment may inhibit the growth of the n-<strong>Hexane</strong> market.<br />
APAC is expected to drive the global n-<strong>Hexane</strong> market and is expected to register closed to 5%<br />
of volume CAGR over the forecast period <strong>2016</strong>-<strong>2024</strong>.<br />
<strong>Global</strong> n-<strong>Hexane</strong> <strong>Market</strong> <strong>2016</strong>-<strong>2024</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Download Report Table of Content, Figures, and Tables @<br />
http://www.persistencemarketresearch.com/market-research/n-hexane-market/toc<br />
Key participant of global n-<strong>Hexane</strong> market are Hindustan Petroleum Corp. Ltd., Sak Chaisidhi<br />
Company Limited, Liangxin petrochemical company, Exxon Mobil Corporation, Chevron Philips<br />
Chemicals LLC, Indian Oil Corp. Ltd., , Royal Dutch Shell plc., Rompetrol Rafinare S.A, DHC<br />
Solvent Chemie GmbH, Dongying Liaoning Yufeng Chemical Co., Ltd, Bharat Petroleum Corp.<br />
Ltd.<br />
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/nhexane-market.asp<br />
<strong>Global</strong> n-<strong>Hexane</strong> <strong>Market</strong> <strong>2016</strong>-<strong>2024</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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<strong>Global</strong> n-<strong>Hexane</strong> <strong>Market</strong> <strong>2016</strong>-<strong>2024</strong>