N-Hexane Market

The global n-hexane market reached a volume of 2.71 Million Tons in 2018, registering a CAGR of 2.8% during 2011-2018. N-hexane is a volatile aliphatic hydrocarbon which is obtained from crude oil and natural gas. It can also be synthesized from sugar cane wastes by using special catalysts. It is colorless in the purest form with a slightly unpleasant odor. It is highly flammable in nature and possesses explosive vapors due to which it has to be mixed with other solvents prior to use in the production of different products. It is commonly used in the form of an industrial chemical and laboratory reagent. Solvents containing n-hexane are also used for extracting vegetable oils from oilseeds such as sunflower, corn and soybeans

Market Drivers:

N-hexane is widely used as a primary solvent for industrial and chemical products such as leather, paint, polypropylene and rubber. Growth in the sales of these products is expected to drive the demand for n-hexane during the forecast period. Apart from this, the pharmaceutical industry represents one of the largest consumers of n-hexane as it used for shaping pills and tablets along with use in various synthesis and separations. Moreover, it offers multiple advantages over other solvents such as cost-effectiveness and recyclability. Additionally, it is easy to remove it from solids and oil owing to which there has been an apparent shift towards its use in different applications. According to IMARC Group, the market is projected to reach a volume of 2.98 Million Tons by 2024, exhibiting a CAGR of 1.5% during 2019-2024.

Breakup by Application:

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

At present, n-hexane is majorly used as an edible oil extractant as it provides a high yield from oilseeds. Another advantage it offers in oil extraction is its recyclability as it can be reused after the extraction process. It also removes unwanted taste and odor from the oil, unlike other extraction agents.

Regional Insights:

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

On the geographical front, Asia-Pacific represents the largest regional market. This can be attributed to the increasing population and growing demand for refined oil in countries like China and India.

Competitive Landscape:                                                      

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

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

The essential aspects of the global n-hexane market evaluated in the report include:

• Market trends
• Major regions
• Key application areas
• Key manufacturers
• Price trends
• Raw material requirements
• Value chain analysis
• Market trends for major feedstocks
• Price trends for major feedstocks
• Key regions for major feedstocks
• Key application areas for major feedstocks
• Key suppliers of major feedstocks

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global N-Hexane Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Trends
    5.4    Market Breakup by Region
    5.5    Market Breakup by Application
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8   Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturer
        5.8.5    Distributor
        5.8.6    Exporter
        5.8.7    End-User
    5.9    Product Pricing and Margin Analysis
    5.10    Porter’s Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Rivalry
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1    Asia Pacific
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Europe
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    North America
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Middle East and Africa
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Latin America
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market by Application
    7.1   Edible Oil Extraction
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2   Healthcare
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3   Industrial Solvent
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4   Adhesive Formulation
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5   Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Competitive Landscape
    8.1    Market Structure
    8.2    Key Players
    8.3    Key Player Profiles
        8.3.1    Rompetrol
        8.3.2    Royal Dutch Shell
        8.3.3    Exxon Mobil Corporation
        8.3.4    Sinopec China
        8.3.5    Junyuan Petroleum Group
9   N-Hexane Manufacturing Process
    9.1    Manufacturing Process
    9.2    Detailed Process Flow
    9.3    Chemical Reactions Involved
    9.4    Raw Material Requirements
    9.5    Mass Balance and Feedstock Conversion Rates 
10  N-Hexane: Feedstock Analysis
    10.1    Naphtha
        10.1.1     Market Performance
        10.1.2     Price Trends
        10.1.3     Market Breakup by Region
        10.1.4     Market Breakup by Application
        10.1.5     Market Forecast
        10.1.6     Key Suppliers
 
List of Figures

Figure 1: Global: N-Hexane Market: Major Drivers and Challenges
Figure 2: Global: N-Hexane Market: Volume Trends (in Million Tons) 2011-2018
Figure 3: Global: N-Hexane Market: Value Trends (in Million US$), 2011-2018
Figure 4: Global: N-Hexane Market: Average Prices (in US$/Ton), 2011-2024
Figure 5: Global: N-Hexane Market: Breakup by Region (in %), 2018
Figure 6: Global: N-Hexane Market: Breakup by Application (in %), 2018
Figure 7: Global: N-Hexane Market Forecast: Volume Trends (in Million Tons), 2019-2024
Figure 8: Global: N-Hexane Market Forecast: Value Trends (in Million US$), 2019-2024
Figure 9: Global: N-Hexane Industry: SWOT Analysis
Figure 10: Global: N-Hexane Industry: Value Chain Analysis
Figure 11: Global: N-Hexane Industry: Profit Margins at Various Levels of the Supply Chain
Figure 12: Global: N-Hexane Industry: Porter’s Five Forces Analysis
Figure 13: Global: N-Hexane Market: Breakup by Region (in %), 2024
Figure 14: Asia Pacific: N-Hexane Market (in ‘000 Tons), 2011 & 2018
Figure 15: Asia Pacific: N-Hexane Market Forecast (in ‘000 Tons), 2019-2024
Figure 16: Europe: N-Hexane Market (in ‘000 Tons), 2011 & 2018
Figure 17: Europe: N-Hexane Market Forecast (in ‘000 Tons), 2019-2024
Figure 18: North America: N-Hexane Market (in ‘000 Tons), 2011 & 2018
Figure 19: North America: N-Hexane Market Forecast (in ‘000 Tons), 2019-2024
Figure 20: Middle East and Africa: N-Hexane Market (in ‘000 Tons), 2011 & 2018
Figure 21: Middle East and Africa: N-Hexane Market Forecast (in ‘000 Tons), 2019-2024
Figure 22: Latin America: N-Hexane Market (in ‘000 Tons), 2011 & 2018
Figure 23: Latin America: N-Hexane Market Forecast (in ‘000 Tons), 2019-2024
Figure 24: Global: N-Hexane Market: Breakup by Application (in %), 2024
Figure 25: Global: N-Hexane Market: Edible Oil Extraction (in ‘000 Tons), 2011 & 2018
Figure 26: Global: N-Hexane Market Forecast: Edible Oil Extraction (in ‘000 Tons), 2019-2024
Figure 27: Global: N-Hexane Market: Healthcare (in ‘000 Tons), 2011 & 2018
Figure 28: Global: N-Hexane Market Forecast: Healthcare (in ‘000 Tons), 2019-2024
Figure 29: Global: N-Hexane Market: Industrial Solvent (in ‘000 Tons), 2011 & 2018
Figure 30: Global: N-Hexane Market Forecast: Industrial Solvent (in ‘000 Tons), 2019-2024
Figure 31: Global: N-Hexane Market: Adhesive Formulation (in ‘000 Tons), 2011 & 2018
Figure 32: Global: N-Hexane Market Forecast: Adhesive Formulation (in ‘000 Tons), 2019-2024
Figure 33: Global: N-Hexane Market: Other Applications (in ‘000 Tons), 2011 & 2018
Figure 34: Global: N-Hexane Market Forecast: Other Applications (in ‘000 Tons), 2019-2024
Figure 35: Rompetrol: SWOT Analysis
Figure 36: Royal Dutch Shell: SWOT Analysis
Figure 37: Exxon Mobil: SWOT Analysis
Figure 38: N-Hexane Manufacturing: Detailed Process Flow
Figure 39: Global: Naphtha Market: Volume Trend (in Million Tons), 2011-2018
Figure 40: Global: Naphtha Market: Value Trend (in Billion US$), 2011-2018
Figure 41: Global: Naphtha Market: Price Trend (in US$/Ton), 2011-2018
Figure 42: Global: Naphtha Market: Breakup by Region (in %), 2018
Figure 43: Global: Naphtha Market: Breakup by Application (in %), 2018
Figure 44: Global: Naphtha Market Forecast: Volume Trends (in Million Tons), 2019-2024
Figure 45: Global: Naphtha Market Forecast: Value Trends (in Billion US$), 2019-2024

List of Tables

Table 1: N-hexane: General Properties
Table 2: Global N-Hexane Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: N-Hexane Market Forecast: Breakup by Region (in ‘000 Tons), 2019-2024
Table 4: Asia Pacific: N-Hexane Market: Rank Wise Application, 2018
Table 5: Europe: N-Hexane Market: Rank Wise Application, 2018
Table 6: North America: N-Hexane Market: Rank Wise Application, 2018
Table 7: Global: N-Hexane Market Forecast: Breakup by Application (in ‘000 Tons), 2019-2024
Table 8: Global: N-Hexane Market: Competitive Structure
Table 9: Global: N-Hexane Market: Key Players
Table 10: Asia Pacific: N-Hexane Key Suppliers
Table 11: North America: N-Hexane Key Suppliers
Table 12: Europe: N-Hexane Key Suppliers
Table 13: Rompetrol: Key Financials (in US$ Million)
Table 14: Royal Dutch Shell: Key Financials (in US$ Million)
Table 15: Exxon Mobil: Key Financials (in US$ Million)
Table 16: Sinopec China: Key Financials (in RMB Million)
Table 17: N-Hexane Manufacturing: Raw Material Requirements
Table 18: Typical Composition of Naphtha
Table 19: Global: Naphtha Market: Key Suppliers