(MENAFNEditorial) Hexane Market Information By Grade (Polymer, Food Grade, And Others), Application (Formulation, Oil Extraction, Cleaning Agent And Others), And Region- Forecast Till 2023
Hexane is an unreactive, colorless, odorless and relatively cost-effective solvent. It is insoluble in water and highly flammable, volatile, and colorless liquid. It is widely used in the manufacturing and extraction of edible oils from nut and vegetable crops, such as soybeans and peanuts. Hexane is used as a solvent for glues and varnishes. Furthermore, it is used as a cleaning agent known as adegreaserin the printing industry. However, some industrially obtained solvents contain methyl cyclopentane compound, which can alter hexane's properties.
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The key players profiled in Hexane market report include GFS Chemicals, Inc., Continental Chemical, Environmental Equipment & Supply, City Chemical LLC, NOAH Technologies Corporation, Dawn Scientific, Hydrite Chemical Co., Clear Chem Solutions, Reagents, Hukill Chemical Corp., Capitol Scientific, Haviland Enterprises, Inc., Scientific Solutions, LLC,Del Amo Chemical Co. Mil-Spec Industries Corp., AquaPhoenix Scientific and GreenChem Industries
Hexane Market Market Overview
Globally, the hexane market is anticipated to experiences substantial growth due to oil extraction industry. Key driver for the growth of hexane industry are clear colorless liquids with a petroleum-like odor properties. Globally, Hexane market is expected to reach US$ XX Million at the end of the forecasted period and is expected to grow at CAGR of X.X% from 2018 to 2023.
Competitive Analysis
Asia pacifichas dominated the marketfor Hexane with the largest market share, accounting for $XX million and is expected to grow over $XX million by 2023, North-America and Europe are the growing market for Hexane and are expected to grow at CAGR of XX% respectively from 2016 to 2023.
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Hexane Market Segmentation Analysis
The market for Hexane is segmented on basis of type and applications and by products; by type the Hexane market is segmented as hexane, 2-methylpentane, 3-methylpentane, 2,2-dimethylbutane, and 2,3-dimethylbutane furthermore by application hexane market is segmented as food & beverages, pharmaceuticals , house hold and leather products.
Hexane Market Regional Analysis
North American hexane market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the U.S. is predicted to be the major contributor to the regional growth of hexane market and is expected to see a significant demand for hexane during the forecast period, 2017-2023 owing to rising demand for decreasing application in many industries.
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