MarketSegmentation
By
Product Type:
60% n-Hexane
80% n-Hexane
Other Grades
By Application:
Edible Oil Extraction Pharmaceuticals Industrial Solvents
Market Value
2023 Market Size: USD 902 million
Projected 2032 Market Size: USD 1,059.10 million
Compound Annual Growth Rate (CAGR): 1.80% (2025–2032)
Regional Highlight: North America
market valued at USD 242.34 million in 2023
Market Opportunities
Growing Demand in Edible O efficiency in extracting oils fro driving demand.
Pharmaceutical Applications: formulation processes.
Industrial Applications: Essen adhesives, inks, and rubber p
Emerging Markets: Industrial and China presents new oppo
Key Players/Stakeholders
Major Companies Leading the Industry:
ExxonMobil Corporation
Shell Chemicals
Indian Oil Corporation
Chevron Corporation
Bharat Petroleum Corporation
DHC Solvent Chemie
Sample Report
Regional Analysis
Asia-Pacific: Dominates the market with a 40.8% share in 2023; driven by demand in countries like China and India.
North America: Steady growth with applications in food, pharmaceuticals, and rubber processing.
Europe: Focus on sustainable and bio-based alternatives due to strict environmental regulations.
Latin America & Middle East: Moderate growth, primarily through oil and gas industries.
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•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
