Global hexane market is expected to witness substantial growth owing to increasing use in oil extraction industry. Properties including low solubility in water, colorless nature and easy miscibility with alcohol, chloroform and ether are expected to be key drivers for global hexane market. . These properties makes hexane most widely used solvent in the industries including printing, textile, furniture and footwear. Hexane is primarily used in application as special purpose solvent and oil extractant owing to its use in various industries including edible oil, printing, textiles, leather, paints and rubber. Growing use of hexane in petrochemical and rubber industries as well as in the laboratories is anticipated to boost the global market over the next seven years.
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Hexane also known as n-hexane is an organic compound derived from natural gas and crude oil through various thermal and catalytic cracking process. Owing to its properties hexane in its highly purified form finds its application in chemical laboratories as an extractant for wide range of non-polar organic compounds and hydrocarbons. Hexane is used extensively in edible oil industry as an oil extractant for variety of seed crops including mustard seed, cotton seed, soybeans and peanuts. Furthermore, properties including preservation of colors of original plant materials, ability to remove unwanted taste and other undesirable food properties is expected to increase global demand for hexane in the edible oil industry. Printing industry application of hexane includes its use as a cleaner and also used as component of certain inks owing to its property of cleaning agent. Adhesive industry application of hexane includes its use as a solvent in adhesives, various glues owing to its low cost and favorable chemical properties. Leather industry application of hexane includes use in leather dressing preparation particularly in assembling shoes. In addition, n-hexane is mixed with other hydrocarbon solvent and is used as a carrier for lanolin dressing, cedar oil and bee wax. Rubber industry contributed a significant share owing to increasing use of hexane as rubber viscosity adjustment and hardening agent for tires. Growing demand for hexane due to its widespread use in healthcare and pharmaceutical industry as liquid in low temperature thermometer and manufacturing of tablet moulds is anticipated to propel market growth. Petrochemical industry contributed to a significant share for hexane demand owing to its use in manufacturing of polyethylene and polypropylene. Furniture industry application of hexane includes its use as veneers which are manufactured from adhesives, lacquers and cleaners. Other industrial application of hexane includes its use as paint thinner in paint industry and carrier of aerosol propellant in perfumes in perfume industry. However, rising environmental concern regarding disposal of hexane owing to its highly flammable and toxic nature is expected to be a major challenge for the growth of global hexane market over the forecast period. Furthermore, increasing concern regarding health hazards caused by inhalation of hexane in industries also pose a major challenge to the growth of global hexane industry over the forecast period.
Asia pacific accounted for the largest market share owing to the presence of industries including oil processing, textiles, and leather and is expected to continue owing to large scale infrastructure projects particularly in India, Indonesia and Vietnam. Huge capital investments from emerging economies like China and India in various industries including leather, adhesive, petrochemical, pharmaceutical, paints and furniture is expected to drive hexane market growth in the region. Europe contributed a significant share to hexane market owing to demand from leather and shoe manufacturing industries. However, Europe is anticipated to witness sluggish growth owing to unstable economic conditions.. In addition, growing demand from countries including Italy and Turkey for hexane owing to its use in footwear and leather Africa is expected to grow at a substantial rate owing to growing infrastructure development particularly in South Africa and Nigeria. In addition, large scale production of hexane by oil & gas majors in the region is expected to fulfill market demand.
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