N-Hexane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

N-Hexane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A604
Year End sale Buy Now

Market Overview:

The global n-hexane market size reached US$ 2,549.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,143.2 Million by 2028, exhibiting a growth rate (CAGR) of 3.45% during 2023-2028. The widespread product adoption as a solvent for industrial and chemical products, significant growth in the pharmaceutical industry, and increasing product demand in the food sector as an oil extraction agent are some of the major factors propelling the market.

Report Attribute
 Key Statistics
Base Year
Forecast Years
Historical Years
N-Hexane Market Size in 2022
US$ 2,549.6 Million
N-Hexane Market Forecast in 2028
US$ 3,143.2 Million
N-Hexane Market Growth Rate (2023-2028)

N-hexane (C6H14) is a volatile aliphatic hydrocarbon that is obtained as a byproduct of crude oil refining and natural gas processing. It is a colorless liquid at room temperature with a mild, gasoline-like odor. It is commonly used in extraction processes, such as oil extraction from seeds and vegetables and cleaning and degreasing. N-hexane is also used as a component in solvent blends for various applications, including paint thinners and ink formulations. It exhibits a low melting point, high flammability, and miscibility with other hydrocarbons and organic solvents. As a result, N-hexane finds extensive applications across the oil extraction, pharmaceuticals, and electronics manufacturing industries.

Global N-Hexane Market Report

The global N-hexane market is expected to expand at a larger CAGR during the forecast period. The widespread product adoption as a primary solvent for industrial and chemical products, such as polypropylene, leather, paint, and rubber, is favoring the market growth. In addition to this, the increasing demand for n-hexane in industries, including pharmaceuticals, adhesives, coatings, and chemical synthesis, due to its excellent solvent properties, is positively influencing the market growth. Moreover, the growing demand for refined oil and the rising health consciousness among the masses is acting as a growth-inducing factor. N-hexane is widely used in the food industry to extract oils from seeds, vegetables, and other raw materials. Other factors include extensive research and development (R&D) activities, widespread product adoption owing to its cost-effectiveness and recyclability, and increasing product demand in the cleaning and degreasing industry.

N-Hexane Market Trends/Drivers:

Significant growth in the pharmaceutical industry

The widespread product adoption as a solvent for extracting active pharmaceutical ingredients (APIs) from natural sources, such as plants, is one of the key factors creating a positive outlook for the market. Moreover, n-hexane is widely used for numerous synthesis and separation techniques in the industry and is also employed for creating molds that are further used for shaping pills and tablets. Additionally, the increasing product utilization in cleaning and sterilizing equipment, containers, and manufacturing areas to effectively remove residues, oils, and contaminants in the pharmaceutical industry is contributing to the market growth. Besides this, continuous research and development (R&D) activities, growing demand for natural products and standardized APIs, and the need for efficient solvents and extraction agents are supporting the market growth.

Increasing product adoption in the chemical industry

N-hexane is widely employed as a solvent for dissolving and extracting various compounds in chemical synthesis. It helps in the purification and separation of organic compounds, including pharmaceutical intermediates, specialty chemicals, and other organic substances. Additionally, the increasing product adoption as a solvent in the formulation of adhesives, coatings, and sealants in the chemical industry is providing an impetus to the market growth. Furthermore, the widespread product utilization for extracting organic compounds from various sources, such as plants, oils, and natural products, is propelling the market growth. Apart from this, the increasing application of n-hexane as a solvent to produce rubber, adhesives, and coatings is contributing to the market growth.

The widespread product adoption in the cleaning and degreasing industry

N-hexane is commonly used in the cleaning and degreasing industry due to its excellent solvent properties and ability to effectively dissolve oils, greases, and other contaminants. Moreover, the increasing utilization of n-hexane for cleaning metal parts, machinery components, and equipment in industries, such as automotive, manufacturing, and aerospace, is favoring the market growth. Moreover, the rising product demand to remove accumulated oils, greases, and residues, ensuring smooth operation and preventing clogging or malfunctioning, is acting as another growth-inducing factor. Besides this, the growing application of n-hexane as a cleaning agent in the printing, textile, furniture, and shoemaking industries is providing a thrust to the market growth.

N-Hexane Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global N-hexane market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on application.

Breakup by Application:

  • Edible Oil Extraction
  • Healthcare
  • Industrial Solvent
  • Adhesive Formulation
  • Others

Edible Oil Extraction is dominating the N-Hexane 

The report has provided a detailed breakup and analysis of the N-hexane market based on the application. This includes edible oil extraction, healthcare, industrial solvent, adhesive formulation, and others. According to the report, edible oil extraction represented the largest segment.

N-hexane is a hydrocarbon solvent commonly used in the extraction of edible oils from plant materials such as soybeans, peanuts, and corn. It is preferred due to its low boiling point and high solubility in oil. This efficiency helps maximize oil recovery and extraction yield. It is also a cost-effective solvent and easily available product that is extensively used in large-scale edible oil production. In addition to this, n-hexane assists in removing odor and unwanted taste from the oil, thereby making it a preferred agent for extraction. Moreover, the widespread utilization of n-hexane as a solvent in cracked seeds and nuts placed in an extraction vessel is providing a considerable boost to the market growth.

Breakup by Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

Asia-Pacific exhibits a clear dominance, accounting for the largest N-Hexane market share.

The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America.

Asia Pacific has witnessed significant growth in the demand for N-hexane due to increasing electronics manufacturing in the region. N-hexane is utilized in cleaning and degreasing electronic components as it helps remove contaminants, oils, and residues from circuit boards, connectors, and other electronic parts. Moreover, the Asia-Pacific region is a major producer of edible oils, and n-hexane is widely used in the solvent extraction process to obtain oils from oilseeds and nuts. Furthermore, the rapid expansion of the pharmaceutical industry is acting as another significant growth-inducing factor, since it is used as a solvent for the extraction and purification of pharmaceutical compounds and intermediates. In confluence with this, n-hexane is also employed in laboratory settings for cleaning glassware and equipment, which, in turn, is impelling the market growth further.

Competitive Landscape:

The global N-hexane market is experiencing significant growth due to the increasing emphasis on sustainability. In line with this, researchers are developing catalysts that are more environmentally friendly, which, in turn, is positively influencing the market growth. Moreover, the implementation of more sustainable production processes for n-hexane feedstocks derived from renewable resources, such as biomass or bio-based materials, which help to reduce reliance on fossil fuels and lower greenhouse gas emissions, is favoring the market growth. Several companies are advancing technologies and improving operational efficiency to optimize refining processes and exploring innovative solutions to enhance the production, quality, and sustainability of their chemical products. Furthermore, an enhanced focus on research and development (R&D) to develop catalysts that can improve the selectivity of n-hexane production while maximizing the yield is providing an impetus to the market growth.

The report has provided a comprehensive analysis of the competitive landscape in the global n-hexane market. Detailed profiles of all major companies have also been provided. Some of the key players in the global n-hexane market include:

  • Rompetrol
  • Royal Dutch Shell PLC
  • Exxon Mobil Corporation
  • China Petrochemical Corporation
  • Junyuan Petroleum Group

Recent Developments:

  • Royal Dutch Shell PLC has been leveraging digital technologies and data analytics to optimize their operations, improve safety, and enhance decision-making processes. The company has been committed to improving energy efficiency and sustainability in operations. In 2020, Shell announced its plans to become a net-zero emissions energy company by 2050.
  • ExxonMobil has collaborated with various organizations, including academic institutions, research centers, and industry partners, to advance research and development in energy-related technologies. Additionally, the company has developed a high-purity grade of n-hexane that is used in the production of electronics, particularly in the semiconductor industry.
  • Junyuan Petroleum Group has been expanding its market reach both domestically and internationally. The company has been supplying n-hexane and other petrochemical products to customers in China and abroad, establishing trading relationships and partnerships with companies in the industry.

N-Hexane Market Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million, Million Tons
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Application
  • Region
Applications Covered Edible Oil Extraction, Healthcare, Industrial Solvent, Adhesive Formulation, Others
Regions Covered Asia Pacific, Europe, North America, the Middle East and Africa, Latin America
Companies Covered Rompetrol, Royal Dutch Shell PLC, Exxon Mobil Corporation, China Petrochemical Corporation and Junyuan Petroleum Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the n-hexane market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global n-hexane market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the n-hexane industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global N-hexane market was valued at US$ 2,549.6 Million in 2022.

We expect the global N-hexane market to exhibit a CAGR of 3.45% during 2023-2028.

The widespread adoption of N-hexane as a primary solvent for industrial and chemical products, owing to its cost-effectiveness and recyclability, is primarily driving the global N-hexane market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for N- hexane.

Based on the application, the global N-hexane market can be segmented into edible oil extraction, healthcare, industrial solvent, adhesive formulation, and others. Currently, edible oil extraction holds the majority of the global market share.

On a regional level, the market has been classified into Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global N-hexane market include Rompetrol, Royal Dutch Shell PLC, Exxon Mobil Corporation, China Petrochemical Corporation, Junyuan Petroleum Group, etc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
N-Hexane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Purchase options Year End sale

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More