Hexane Prices

Hexane Prices December 2023

The hexane prices in the United States for Q4 2023 reached 1,188 USD/MT in December. The prices maintained a steady course due to a well-balanced supply and demand dynamic. The relative stability of crude oil prices played a significant role in keeping the market calm, avoiding major price swings, and ensuring a predictable market environment for stakeholders.

The price trend for hexane in the Netherlands for Q4 2023, reached 1,272 USD/MT in December. Hexane prices in the Netherlands exhibited trends resembling those observed throughout Europe, with price swings mostly driven by shifts in the price of crude oil. Due to the holiday season, the market witnessed lower demand as the year came to an end. This resulted in a more muted market mood amid changing economic conditions and supply chain adjustments.

Hexane Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Hexane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of hexane pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of hexane at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of hexane price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing hexane price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Hexane Market Analysis

The global hexane market size reached US$ 2.64 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.47 Billion, at a projected CAGR of 3.10% during 2023-2032.

• To extract vegetable oil from seeds and crops, including corn, soyabean, and sunflower, hexane, is highly preferable. The extraction of high-purity oil is possible because of hexane, which is also important to maintain the nutritional and commercial value of edible oils. The cost-effectiveness and scalability of hexane-based extraction makes hexane a precursor for large-scale industrial operations. It also helps in meeting the global demand for edible oils.
• A positive trend for the market is also created by its utilization as a solvent to produce adhesives and sealants, which play a crucial role in dissolving various components while ensuring a consistent mixture.
• The IMARC Group’s report shows that global textile market size reached US$ 1,027.0 Billion in 2023. In the textile industry, for removing impurities and oil from fabrics, hexane is employed in the processing of textiles. Dyeing and finishing processes also rely on hexane, as it finds applications as a solvent for dyes and finishing agents.
• In the paint and coatings industry, hexane is used as a thinner to improve the application process and ensure smooth finishes on surfaces. In addition, to make sure that final products in the leather and textile industry are free from grease and other contaminants, hexane is utilized in degreasing and cleaning these products.
• The hexane demand is further amplified by the rising consumption of pharmaceutical products around the world. To purify and separate pharmaceutical compounds, hexane is very important. It is also valued due to its ability to produce high quality of medications while extracting active pharmaceutical ingredients from plant materials and other sources. To synthesize various drugs, hexane is used as a solvent owing to its capability to facilitate chemical reactions.
• According to an article published on the website of the US Department of Agriculture (USDA) in 2023, world agricultural output increased at an average annual rate of 2.3% over the last six decades. In the formulation of herbicides, pesticides, and insecticides, hexane is very important to dissolve active ingredients and create stable mixtures. Farmers rely on agricultural sprays, which are made from hexane, to ensure even application of chemicals on crops.

Hexane News

The report covers the latest developments, updates, and trends impacting the global hexane market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in hexane production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hexane price trend.

Latest developments in the hexane industry:

• In 2024, Exxon Mobil Corporation acquired Pioneer Natural Resources Company to create an unconventional business with the largest and high-return development potential in the Permian Basin.
• In 2024, Sinopec and TotalEnergies signed a strategic cooperation framework agreement in Paris to jointly explore more collaboration opportunities in various business areas.

Product Description

Hexane is a hydrocarbon molecule with the chemical formula C₆H₁₄, which is categorized as an alkane because of its saturated carbon-hydrogen bonds. It is a colorless, volatile liquid with a slight odor that is typically generated from petroleum or crude oil. It is noted for its low boiling point and nonpolarity, making it an ideal solvent for a variety of uses.

Hexane is largely utilized as a solvent in the commercial extraction of edible oils from seeds and vegetables, which is required to produce culinary oils, such as soybean, maize, and olive oil. Its ability to dissolve fats and oils makes it essential in this extraction procedure, resulting in significant quantities of pure oil. Furthermore, hexane is used in the formulation of glues and adhesives, particularly in the production of footwear and leather products that require strong bonding agents.

Regional Coverage

The report provides a detailed analysis of the hexane market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the hexane price trend.

Global Hexane Price

The report offers a holistic view of the global hexane pricing trends in the form of hexane price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into hexane historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.  

The report also delves into hexane price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed hexane demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape. 

Europe Hexane Price

In Europe, hexane prices displayed variability throughout the year, especially between the third and fourth quarters. This fluctuation was primarily driven by shifts in crude oil prices, which affected the cost structure of hexane. As the end of the year neared, the market experienced reduced downstream demand, influenced by the holiday period. This decline in demand, combined with the fluctuating price of feedstock materials, contributed to an overall atmosphere of uncertainty in the European hexane market, reflecting mixed market sentiments and economic conditions.

This analysis can be extended to include detailed hexane price information for a comprehensive list of countries. 

North America Hexane Price

In the United States, the market prices remained relatively stable compared to other global markets toward the end of the year. This steadiness was primarily due to a balanced supply-demand scenario, where production levels and consumption rates aligned closely. Additionally, crude oil prices in the region were consistent, contributing to the overall stability of the hexane market. This equilibrium helped maintain predictable market dynamics, minimizing significant fluctuations and providing a stable environment for both suppliers and buyers.

Specific hexane historical data within the United States and Canada can also be provided. 

Middle East and Africa Hexane Price

The report explores the hexane pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices. 

In addition to region-wise data, information on hexane prices for countries can also be provided. 

Asia Pacific Hexane Price

Hexane prices in Asia were notably volatile during the end of the year, largely due to fluctuating crude oil prices, which influenced the cost of hexane as a derivative product. The instability in production expenses and inconsistent downstream demand further complicated the market. As the year ended, these factors, coupled with increased energy and manufacturing costs around the New Year holidays, led to noticeable changes in pricing trends. These dynamics resulted in an unpredictable market environment, reflecting both external economic pressures and regional supply chain disruptions.

This hexane price analysis can be expanded to include a comprehensive list of countries within the region. 

Latin America Hexane Price

The analysis of hexane prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks. 

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of hexane pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting hexane price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The hexane price charts ensure our clients remain at the forefront of the industry.