Global Hexane Market Information By Grade (Polymer, Food Grade, And Others), Application (Formulation, Oil Extraction, Cleaning Agent And Others), And Region- Forecast Till 2023
Pune, India - October 19, 2018 /MarketersMedia/ —
Hexane Market– Market Overview
Hexane is an unreactive, colorless, odorless, and relatively cost-effective solvent. It is insoluble in water and highly flammable. Hexane production is entirely dependent on crude oil availability. Since it is majorly produced by refining and reforming the crude oil. It has major applications in the formulation of glues and adhesives. Furthermore, it acts as a solvent extraction agent due to its immiscible properties in many industries. It possesses degreasing properties, which can be used as cleaning agent. However, some industrially obtained solvents contain methyl cyclopentane compound, which can alter the hexane properties.
As per our analysis, some of the prominent market factors and trends identified in the global hexane market include rapidly increasing food processing industries owing to increasing food supply, demand for leather products, and increasing expenditure on research activities. Moreover, demand for hexane is predicted to witness a significant growth over the assessment period due to surging oil & gas industry. Rising crude oil production across the globe is anticipated to be an important driver on the basis of gap reduction of hexane raw material requirement during the review period. Hexane is used as a formulation in leather goods manufacturing and which is likely to witness a faster growth.
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The key players profiled in Hexane market report include GFS Chemicals, Inc., Continental Chemical, Environmental Equipment & Supply, City Chemical LLC, NOAH Technologies Corporation, Dawn Scientific, Hydrite Chemical Co., Clear Chem Solutions, Reagents, Hukill Chemical Corp., Capitol Scientific, Haviland Enterprises, Inc., Scientific Solutions, LLC,Del Amo Chemical Co. Mil-Spec Industries Corp., AquaPhoenix Scientific and GreenChem Industries
Hexane Market – Competitive Analysis
It is anticipated to drive the hexane market and this can be attributed to the rising aspirations of young consumers across the globe and their strong interest in self-grooming and be trendy. Hexane use is anticipated to increase owing to demand cleaning and degreasing solvent during the forecast period. Furthermore, Rapid Urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2017-2023. However, implementation of strict regulations by various government bodies has restricted the use of toxic contaminants used in the extraction of cooking oils, which is expected to hamper market growth.
LIST OF TABLES
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Hexane Market: By Region, 2016-2023
Table 3 North America Hexane Market: By Country, 2016-2023
Table 4 Europe Hexane Market: By Country, 2016-2023
Table 5 Asia-Pacific Hexane Market: By Country, 2016-2023
Table 7 Middle East & Africa Hexane Market: By Country, 2016-2023
Table 6 Latin America Hexane Market: By Country, 2016-2023
Table 8 Global Hexane By Grades Market: By Regions, 2016-2023
Table 9 North America Hexane By Grades Market: By Country, 2016-2023
Table 10 Europe Hexane By Grades Market: By Country, 2016-2023
Hexane Market – Segmentation Analysis
The market for Hexane is segmented on basis of type and applications and by products; by type the Hexane market is segmented as hexane, 2-methylpentane, 3-methylpentane, 2,2-dimethylbutane, and 2,3-dimethylbutane furthermore by application hexane market is segmented as food & beverages, pharmaceuticals , house hold and leather products.
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Hexane Market – Regional Analysis
North American hexane market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the U.S. is predicted to be the major contributor to the regional growth of hexane market and is expected to see a significant demand for hexane during the forecast period, 2017-2023 owing to rising demand for decreasing application in many industries.
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