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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