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The North America n-hexane market reached a volume of 482 Kilo Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
N-hexane, also known as hexane and hexyl hydride, is an aliphatic hydrocarbon that is obtained from crude oil and natural gas. Besides this, it can also be synthesized from sugar cane wastes by utilizing special catalysts. N-Hexane is colorless in its purest form with a slightly unpleasant odor. Moreover, it is easily flammable in case of fire and high temperature, and oxidant with combustion generating irritant smoke. Owing to this, n-hexane is commonly used in the form of an industrial chemical and laboratory reagent.
The North America n-hexane market is currently being driven by several factors. The rising demand for n-hexane as a primary solvent for industrial and chemical products, such as leather, paint, polypropylene and rubber, is propelling the market growth in the region. It is also used as a solvent for extracting various seed oils such as soybean oil, cottonseed oil, flax oil, peanut and safflower oil. Apart from this, the pharmaceutical industry represents one of the largest consumers of n-hexane in the region as it is used for shaping pills and tablets, along with its use in various synthesis and separation processes for producing several pharma products.
IMARC Group’s latest report provides a deep insight into the North America N-Hexane market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America N-Hexane market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Application, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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