The Europe Hexane Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 157.85 Kilo Tonnes, showcasing a growth of 2.0% (2019-2022).
Hexane is used as a solvent in the pharmaceutical industry to produce drugs and pharmaceutical products. The pharmaceutical sector's continuous growth contributes to the demand for hexane in drug manufacturing processes. It often extracts active ingredients from medicinal plants, herbs, and botanicals. This is particularly relevant in producing herbal medicines and pharmaceutical products derived from natural sources. It is employed in purification processes to remove impurities and unwanted components from extracted substances. Purification is critical to ensure the safety and efficacy of pharmaceutical products. It is used as a solvent in the formulation of pharmaceutical drugs. It aids in dissolving and homogenizing various components to create drug formulations with specific characteristics.
It is particularly effective in extracting lipids and oils, which are essential in formulating certain drugs. This is relevant in the production of lipid-based drug delivery systems. The growing interest in biopharmaceuticals and lipid-based drug delivery systems increases the demand for hexane in the extraction and formulation processes. It is known for its low residue levels, making it suitable for use in pharmaceutical processes where residual solvents must be minimized. This aligns with the pharmaceutical industry's focus on product safety. Consumers increasingly seek products that are produced using sustainable and environmentally friendly practices. Green extraction methods, which reduce the reliance on traditional solvents like hexane, meet consumer preferences.
According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. automotive sector with its varied products, encompassing volume, premium, and niche vehicles. It is utilized in spray coating applications in the UK, ensuring even distribution and adhesion of coatings on surfaces. The demand for high-quality spray coatings in various industries contributes to using hexane in the UK. Its solvency power makes it effective for cleaning surfaces and removing contaminants, contributing to its use in various industrial cleaning processes in the UK. It is used in the UK's flexographic and gravure printing processes, ensuring the flow and adhesion of inks onto different substrates. It is often used in the formulation of adhesives for bonding and sealing rubber components in tire manufacturing in the UK. This contributes to the structural integrity and performance of tires.
The Germany market dominated the Europe Hexane Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $140.7 million by 2030. The UK market is exhibiting a CAGR of 2.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.6% during (2023 - 2030).
Based on Grade, the market is segmented into Extraction, Polymerization, and Others. Based on Application, the market is segmented into Industrial Solvent, Edible Oil Treatment, Adhesives Formulation, Leather Treatment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hexane Market will Hit $2.6 Billion by 2030, at a CAGR of 3.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Exxon Mobil Corporation, Shell plc, Chevron Phillips Chemical Company LLC, Sumitomo Electric Industries, Ltd., China Petrochemical Corporation (Sinopec Group), TotalEnergies SE, Indian Oil Corporation Ltd., Honeywell International, Inc., Arham Petrochem Private Limited, and Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
Scope of the Study
Market Segments Covered in the Report:
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Extraction
- Polymerization
- Others
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Industrial Solvent
- Edible Oil Treatment
- Adhesives Formulation
- Leather Treatment
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Exxon Mobil Corporation
- Shell plc
- Chevron Phillips Chemical Company LLC
- Sumitomo Electric Industries, Ltd.
- China Petrochemical Corporation (Sinopec Group)
- TotalEnergies SE
- Indian Oil Corporation Ltd.
- Honeywell International, Inc.
- Arham Petrochem Private Limited
- Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
TABLE 1 Europe Hexane Market, 2019 - 2022, USD Million
TABLE 2 Europe Hexane Market, 2023 - 2030, USD Million
TABLE 3 Europe Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Europe Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Europe Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 6 Europe Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 7 Europe Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 8 Europe Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 9 Europe Extraction Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Extraction Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Extraction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Europe Extraction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Europe Polymerization Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Polymerization Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Polymerization Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Europe Polymerization Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Europe Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Europe Hexane Market by Application, 2019 - 2022, USD Million
TABLE 22 Europe Hexane Market by Application, 2023 - 2030, USD Million
TABLE 23 Europe Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 24 Europe Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 25 Europe Industrial Solvent Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Industrial Solvent Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Industrial Solvent Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Europe Industrial Solvent Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Europe Edible Oil Treatment Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Edible Oil Treatment Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Edible Oil Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Europe Edible Oil Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Europe Adhesives Formulation Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Adhesives Formulation Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Adhesives Formulation Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Europe Adhesives Formulation Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Europe Leather Treatment Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Leather Treatment Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Leather Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Europe Leather Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Europe Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Europe Hexane Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe Hexane Market by Country, 2023 - 2030, USD Million
TABLE 47 Europe Hexane Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Europe Hexane Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Germany Hexane Market, 2019 - 2022, USD Million
TABLE 50 Germany Hexane Market, 2023 - 2030, USD Million
TABLE 51 Germany Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 52 Germany Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 53 Germany Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 54 Germany Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 55 Germany Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 56 Germany Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 57 Germany Hexane Market by Application, 2019 - 2022, USD Million
TABLE 58 Germany Hexane Market by Application, 2023 - 2030, USD Million
TABLE 59 Germany Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Germany Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 UK Hexane Market, 2019 - 2022, USD Million
TABLE 62 UK Hexane Market, 2023 - 2030, USD Million
TABLE 63 UK Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 64 UK Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 65 UK Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 66 UK Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 67 UK Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 68 UK Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 69 UK Hexane Market by Application, 2019 - 2022, USD Million
TABLE 70 UK Hexane Market by Application, 2023 - 2030, USD Million
TABLE 71 UK Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 UK Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 France Hexane Market, 2019 - 2022, USD Million
TABLE 74 France Hexane Market, 2023 - 2030, USD Million
TABLE 75 France Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 76 France Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 77 France Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 78 France Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 79 France Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 80 France Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 81 France Hexane Market by Application, 2019 - 2022, USD Million
TABLE 82 France Hexane Market by Application, 2023 - 2030, USD Million
TABLE 83 France Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 France Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Russia Hexane Market, 2019 - 2022, USD Million
TABLE 86 Russia Hexane Market, 2023 - 2030, USD Million
TABLE 87 Russia Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Russia Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Russia Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 90 Russia Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 91 Russia Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 92 Russia Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 93 Russia Hexane Market by Application, 2019 - 2022, USD Million
TABLE 94 Russia Hexane Market by Application, 2023 - 2030, USD Million
TABLE 95 Russia Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Russia Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 97 Spain Hexane Market, 2019 - 2022, USD Million
TABLE 98 Spain Hexane Market, 2023 - 2030, USD Million
TABLE 99 Spain Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 100 Spain Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 101 Spain Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 102 Spain Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 103 Spain Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 104 Spain Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 105 Spain Hexane Market by Application, 2019 - 2022, USD Million
TABLE 106 Spain Hexane Market by Application, 2023 - 2030, USD Million
TABLE 107 Spain Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 108 Spain Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 109 Italy Hexane Market, 2019 - 2022, USD Million
TABLE 110 Italy Hexane Market, 2023 - 2030, USD Million
TABLE 111 Italy Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 112 Italy Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 113 Italy Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 114 Italy Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 115 Italy Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 116 Italy Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 117 Italy Hexane Market by Application, 2019 - 2022, USD Million
TABLE 118 Italy Hexane Market by Application, 2023 - 2030, USD Million
TABLE 119 Italy Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 120 Italy Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 121 Rest of Europe Hexane Market, 2019 - 2022, USD Million
TABLE 122 Rest of Europe Hexane Market, 2023 - 2030, USD Million
TABLE 123 Rest of Europe Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 124 Rest of Europe Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of Europe Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 126 Rest of Europe Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 127 Rest of Europe Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of Europe Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of Europe Hexane Market by Application, 2019 - 2022, USD Million
TABLE 130 Rest of Europe Hexane Market by Application, 2023 - 2030, USD Million
TABLE 131 Rest of Europe Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of Europe Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 133 Key Information – Exxon Mobil Corporation
TABLE 134 Key Information – Shell plc
TABLE 135 Key Information – Chevron Phillips Chemical Company LLC
TABLE 136 Key Information – Sumitomo Electric Industries, Ltd.
TABLE 137 Key Information – China Petrochemical Corporation
TABLE 138 Key Information – TotalEnergies SE
TABLE 139 Key Information – Indian Oil Corporation Ltd.
TABLE 140 Key Information – Honeywell International, Inc.
TABLE 141 Key Information – Arham Petrochem private limited
TABLE 142 Key Information – spectrum chemical mfg.corp
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Hexane Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Hexane Market
FIG 4 Porter’s Five Forces Analysis – Hexane Market
FIG 5 Europe Hexane Market share by Grade, 2022
FIG 6 Europe Hexane Market share by Grade, 2030
FIG 7 Europe Hexane Market by Grade, 2019 - 2030, USD Million
FIG 8 Europe Hexane Market share by Application, 2022
FIG 9 Europe Hexane Market share by Application, 2030
FIG 10 Europe Hexane Market by Application, 2019 - 2030, USD Million
FIG 11 Europe Hexane Market share by Country, 2022
FIG 12 Europe Hexane Market share by Country, 2030
FIG 13 Europe Hexane Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Exxon Mobil Corporation
FIG 15 SWOT Analysis: Shell plc
FIG 16 Recent strategies and developments: Chevron Phillips Chemical Company LLC
FIG 17 SWOT Analysis: Chevron Phillips Chemical Company LLC
FIG 18 SWOT Analysis: Sumitomo Electric Industries, Ltd
FIG 19 Swot Analysis: China Petrochemical Corporation
FIG 20 SWOT Analysis: TotalEnergies SE
FIG 21 SWOT Analysis: Indian Oil Corporation Ltd.
FIG 22 SWOT Analysis: Honeywell international, inc.
FIG 23 SWOT Analysis: Arham Petrochem Private Limited
FIG 24 SWOT Analysis: spectrum chemical mfg.corp
