Global n-Hexane Market is estimated to be valued at USD 2.7 Bn in 2025 and is expected to reach USD 3.56 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.0% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2.7 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
4.00%
2032 Value Projection:
USD 3.56 Bn
Figure. N-Hexane Market Share (%), By Region 2025
N-hexane is a saturated aliphatic hydrocarbon that is obtained as a byproduct during petroleum refining and crude oil fractionation processes. It finds numerous applications due to its non-polar and non-reactive nature. N-hexane is used as an industrial solvent for extraction and cleaning purposes in many industries such as pharmaceuticals, food processing, furniture making, etc. It acts as an excellent solvent for fats, oils, waxes, and cleaning applications owing to its non-polarity. Growing end-use industries such as food industry, pharmaceuticals, chemical industry, rubber processing, and others have been driving the demand for n-hexane. However, strict regulations over its usage due to toxicity issues also affect the market growth. Hexane is an unreactive, odorless, colorless, and relatively cost-effective solvent. It is known to be insoluble in water and also highly flammable. Hexane production is quite dependent on crude oil availability.
Market Dynamics:
The global n-hexane market has been witnessing steady growth owing to factors such as the increasing demand from end-use industries like pharmaceuticals, chemicals, and food processing. N-hexane solvents find widespread application in industrial processes involving extraction, filtration, cleaning, and degreasing. Growth in these industries positively influences the consumption of n-hexane. Moreover, rising industrialization in developing regions has augmented the demand of N-hexane . However, tightening regulations imposed by environmental agencies regarding volatile organic compound (VOC) emissions from n-hexane usage restrain the growth of the market. The growing preference for bio-based and green solvents also hinders the demand for n-hexane. Nevertheless, technological advancements in n-hexane production processes to comply with regulations and research on developing safer substitutes present major opportunities for market expansion.
Key Features of the Study:
This report provides an in-depth analysis of the n-hexane market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the n-hexane market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include ExxonMobil Corporation, Royal Dutch Shell PLC, Indian Oil Corp. Ltd., Chevron, Phillips Chemical Company LLC, Bharat Petroleum Corp. Ltd., Rompetrol Rafinare S.A., Hindustan Petroleum. Corporation Limited, Dongying Liangxin petrochemical company, Liaoning Yufeng Chemical Co., Ltd., DHC Solvent Chemie GmbH, and Sak Chaisidhi Company Limited.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The n-hexane market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the n-hexane market.
Detailed Segmentation:
N-Hexane Market By Grade
Oil Extraction,
Pharmaceutical
Industrial
N-Hexane Market By Application
Oil Extraction
Polymerization
Pharmaceutical
Adhesives & Sealants
Industrial Cleaning
Degreasing,
Rubber Processing
Others
N-Hexane Market By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles
ExxonMobil Corporation,
Royal Dutch Shell PLC
Indian Oil Corp. Ltd.
Chevron
Phillips Chemical Company LLC
Bharat Petroleum Corp. Ltd.
Rompetrol Rafinare S.A.
Hindustan Petroleum Corporation Limited
Dongying Liangxin petrochemical company
Liaoning Yufeng Chemical Co. Ltd.
DHC Solvent Chemie GmbH
Sak Chaisidhi Company Limited
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
N-Hexane Market, By Grade
N-Hexane Market, By Application
N-Hexane Market, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Used as solvent in industrial cleaning and degreasing applications
Restraints
Availability of substitutes like sodium hydroxide and isopropyl alcohol
Opportunities
Focus on developing bio-based and eco-friendly hexane products
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations
4. N-Hexane Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. N-Hexane Market, By Grade, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Oil Extraction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Pharmaceutical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
6. N-Hexane Market, By Application, 2020 - 2032 (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Oil Extraction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Polymerization
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Pharmaceutical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Adhesives & Sealants
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Industrial Cleaning & Degreasing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Rubber Processing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
Others (inks, glues, leather dressings, etc.)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, ( US$ Bn)
7. N-Hexane Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)