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Hexane Market 2020 Global Industry Size, Share, Latest Trends, Key Players Overview and Opportunity Assessment by 2027

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Hexane Market 2020 Global Industry Size, Share, Latest Trends, Key Players Overview and Opportunity Assessment by 2027

The Global Hexane Market is profiled in great detail in the latest research report from Market Research Future (MRFR), providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the hexane market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the hexane market’s growth trajectory over the forecast period are provided in the report. The leading players in the global hexane market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global hexane market. The major drivers and restraints affecting the global hexane market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

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Hexane is a colorless, odorless solvent used in a wide range of applications. It possesses degreasing properties, which has led to a growing use of hexane in cleaning and degreasing agents. It is also used as an extraction solvent in a wide range of applications, which has led to a growing demand for hexane. The increasing extraction of petroleum around the world has been a major driver for the global hexane market, as hexane is obtained as a product of refining of petroleum. On the other hand, the increasing regulations put in place by governments on the use of toxic contaminants in food processing applications are likely to restrict the growth of the global hexane market over the forecast period.

Competitive Leaderboard:

Leading players in the global hexane market include Junyuan Petroleum Group, Rompetrol SA, Chevron Phillips Chemical Company, China Petroleum & Chemical Corporation, Liaoyang Yufeng Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Bharat Petroleum Corporation Ltd., Exxon Mobil Corporation, Phillips 66 Company, and Royal Dutch Shell plc.

Segmentation:

The global hexane market is segmented on the basis of grade, application, and region.

By grade, the global hexane market is segmented into food grade and polymer grade hexane.

By application, the global hexane market is segmented into extraction solvent, formulation, cleaning agent, and others. The extraction solvent segment holds a dominant 43% share in the global hexane market and is likely to remain the leading revenue generator over the forecast period. The use of hexane in formulations is also likely to increase over the forecast period. The growing leather industry is likely to be a major driver for the hexane market in this respect.

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Regional Analysis:

The global hexane market is segmented by geography into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

Asia Pacific holds the largest share in the global hexane market. The expanding food processing industry in Asia Pacific is likely to be a major driver for the global hexane market over the forecast period, due to the growing use of hexane in cooking oils. Asia Pacific countries such as China, Indonesia, India, and Thailand are expected to emerge as major markets for hexane over the forecast period.

North America holds the second largest share in the global hexane market, followed by Europe.

 

About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

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