The North America Hexane Market would witness market growth of 2.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 289.13 Kilo Tonnes, showcasing a growth of 1.8% (2019-2022).
Hexane (n-hexane) is an organic compound derived from crude oil and natural gas using various catalytic and thermal cracking processes. It is both an anthropogenic and a naturally occurring chemical. The adoption of hexane has witnessed a steady rise across industries, driven by its unique chemical properties and versatility. In the agro-processing sector, hexane extraction has become the method for obtaining edible oils from seeds and fruits. The food industry has embraced hexane for its efficiency in oil extraction, ensuring the final product's high yield and purity.
The automotive and electronics industries have also integrated hexane into their manufacturing processes. It is a key ingredient in producing automotive adhesives and sealants, providing the necessary properties for robust bonding. Hexane's role in cleaning and degreasing electronic components in electronics produces high-quality devices. Furthermore, it is adopted in the cosmetic and personal care industry, where it is utilized to extract essential oils for perfumes and formulate beauty products. The pharmaceutical sector's reliance on hexane as a solvent for drug production has further fueled its adoption.
As per the International Trade Administration (ITA), in the first half of 2022, the Canadian cosmetics industry was the fastest-growing industry in the country. In 2022, Canada's personal care and beauty sector earned around $11 billion in revenue. The use of hexane in compliance with green extraction methods supports the development of personal care products that cater to environmentally conscious consumers in Canada. Personal care products, including perfumes and scented lotions, benefit from hexane's role in obtaining essential fragrance components in Canada. Using hexane ensures a consistent extraction of fragrance components, contributing to the standardized scent profiles in personal care products in Canada. Also, ITA estimates by 2024, cosmetic industry revenue is anticipated to increase by 1.45% yearly to USD 1.8 billion. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America Hexane Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $509.4 million by 2030. The Canada market is experiencing a CAGR of 3.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Hexane Market is Predict to reach $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)
- US
- Canada
- Mexico
- Rest of North America
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 North America Hexane Market, 2019 - 2022, USD Million
TABLE 2 North America Hexane Market, 2023 - 2030, USD Million
TABLE 3 North America Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 6 North America Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 7 North America Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Extraction Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Extraction Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Extraction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Extraction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Polymerization Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Polymerization Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Polymerization Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Polymerization Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Hexane Market by Application, 2019 - 2022, USD Million
TABLE 22 North America Hexane Market by Application, 2023 - 2030, USD Million
TABLE 23 North America Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Industrial Solvent Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Industrial Solvent Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Industrial Solvent Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Industrial Solvent Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Edible Oil Treatment Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Edible Oil Treatment Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Edible Oil Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Edible Oil Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Adhesives Formulation Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Adhesives Formulation Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Adhesives Formulation Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Adhesives Formulation Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Leather Treatment Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Leather Treatment Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Leather Treatment Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Leather Treatment Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Hexane Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Hexane Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Hexane Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Hexane Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 US Hexane Market, 2019 - 2022, USD Million
TABLE 50 US Hexane Market, 2023 - 2030, USD Million
TABLE 51 US Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 52 US Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 53 US Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 54 US Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 55 US Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 56 US Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 57 US Hexane Market by Application, 2019 - 2022, USD Million
TABLE 58 US Hexane Market by Application, 2023 - 2030, USD Million
TABLE 59 US Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 US Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Hexane Market, 2019 - 2022, USD Million
TABLE 62 Canada Hexane Market, 2023 - 2030, USD Million
TABLE 63 Canada Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 66 Canada Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 67 Canada Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Hexane Market by Application, 2019 - 2022, USD Million
TABLE 70 Canada Hexane Market by Application, 2023 - 2030, USD Million
TABLE 71 Canada Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Hexane Market, 2019 - 2022, USD Million
TABLE 74 Mexico Hexane Market, 2023 - 2030, USD Million
TABLE 75 Mexico Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 78 Mexico Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 79 Mexico Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 81 Mexico Hexane Market by Application, 2019 - 2022, USD Million
TABLE 82 Mexico Hexane Market by Application, 2023 - 2030, USD Million
TABLE 83 Mexico Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Mexico Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Hexane Market, 2019 - 2022, USD Million
TABLE 86 Rest of North America Hexane Market, 2023 - 2030, USD Million
TABLE 87 Rest of North America Hexane Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Hexane Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Hexane Market by Grade, 2019 - 2022, USD Million
TABLE 90 Rest of North America Hexane Market by Grade, 2023 - 2030, USD Million
TABLE 91 Rest of North America Hexane Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Hexane Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Hexane Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of North America Hexane Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of North America Hexane Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Hexane Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 97 Key Information – Exxon Mobil Corporation
TABLE 98 Key Information – Shell plc
TABLE 99 Key Information – Chevron Phillips Chemical Company LLC
TABLE 100 Key Information – Sumitomo Electric Industries, Ltd.
TABLE 101 Key Information – China Petrochemical Corporation
TABLE 102 Key Information – TotalEnergies SE
TABLE 103 Key Information – Indian Oil Corporation Ltd.
TABLE 104 Key Information – Honeywell International, Inc.
TABLE 105 Key Information – Arham Petrochem private limited
TABLE 106 Key Information – spectrum chemical mfg.corp
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Hexane Market share by Grade, 2022
FIG 6 North America Hexane Market share by Grade, 2030
FIG 7 North America Hexane Market by Grade, 2019 - 2030, USD Million
FIG 8 North America Hexane Market share by Application, 2022
FIG 9 North America Hexane Market share by Application, 2030
FIG 10 North America Hexane Market by Application, 2019 - 2030, USD Million
FIG 11 North America Hexane Market share by Country, 2022
FIG 12 North America Hexane Market share by Country, 2030
FIG 13 North America 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