A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Hexane
Market. The
study, titled “Hexane
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Hexane
is a solvent present in volatile fraction of various plants such as
guava, orange, and others. It is a hydrocarbon made of carbon and
hydrogen. Hexane is an unbranched isomer (n-hexane), which exists in
forms with different arrangements of atoms but with the same
molecular weight. Hexanes are significant constituents of gasoline.
Hexane
is an organic solvent made from crude oil. It is used in various
applications. Hexane contains a blend of hydrocarbons with six carbon
atoms. It is widely used in the manufacture of industrial products.
Two different types of hexane are available in the market:
hexane-pure hexane and solvent-based hexane.
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Pure
hexane is only used in laboratories, while, solvent-based hexane is
extensively employed in several application. Hexane is used to
extract oil from seeds. This increases the cost of the process and
also carries the risk of toxicity. An alternative substitute has
been developed that helps extract oil from several seeds by using
sodium hydroxide and methanol. This process has been implemented with
considerable success in soya bean seeds. The only drawback related to
this process is the moisture content. Moisture content is the only
drawback related to this process. High moisture content results in
excess utilization of methanol in order to extract oil from seeds.
Solvent-based
hexane; is used to extract vegetable oils from crops such as
soybeans, cottonseed, rape seed, mustard seed, and safflower seed,
etc. Solvent-chemical hexane is also widely used as cleaning agent in
textile, printing, furniture and leather industries. It is also
employed in various consumer products including glues, gasoline,
rubber, and cement. Several properties of hexane are hazardous to
human beings, excess inhalation may result in weakness, numbness,
blurred vision, headache, and fatigue. The Occupational Safety and
Health Administration (OSHA); has set a permissible exposure limit
(PEL) of 500 ppm for hexane to protect the health of several workers
engaged in hexane production facilities across the globe. However,
hexane has certain beneficial properties. For instance, it is used in
the removal of unwanted taste and odor. This is anticipated to drive
the demand for hexane in the edible oil industry, as hexane is used
in the manufacturing of several grades of cooking oils. Rising
population coupled with increasing demand for refined oil, for
cooking purposes is estimated to boost the demand for hexane in the
near future.
In
terms of production and consumption, countries is Asia Pacific,
especially, China dominates the global hexane market. Asia Pacific
has been a lucrative market for the production and distribution of
hexane in countries such as China, Japan, and India .Therefore,
several manufacturers in Europe and North America are shifting their
production facilities to Asia Pacific owing to the availability of
skilled labor at affordable rates. The hexane market in North America
and Europe is expected to expand at a rapid pace owing to the high
demand for rubber products used in the automotive industries.
The
hexane market can be segmented based on type, and application. In
terms of type, the hexane market can be divided into – n-hexane,
iso-hexane, and neo-hexane. Based on application, the hexane market
can be segregated into – pharmaceutical, cooking oil, automotive,
chromatography, textiles, furniture, printing, paint & coatings,
adhesives, shoes & leather products, and roofing. Commercial
grades of hexane are used as solvents in the manufacture of rubber,
glues, cement, adhesives, varnishes, and inks. Hexane is also used as
a cleaning agent (degreaser) in the printing industry. It is used as
liquid in low temperature thermometers.
Get
accurate market forecast and analysis on the Hexane market. Request a
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Prominent
players operating in the hexane market include Exxon Mobil
Corporation, Rompetrol Rafinare S.A., Chevron Philips Chemicals LLC,
Royal Dutch Shell plc, GreenChem Industries, Hukill Chemical Corp.,
and Continental Chemical.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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