Hexane Market Research Report – Global Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Hexane Market Research Report – Global Forecast to 2023
Market Overview / Study Objective / Synopsis Hexane is an unreactive, colorless, odorless, and relatively cost-effective solvent. It is insoluble in water and highly flammable. Hexane production is entirely dependent on crude oil availability. Since it is majorly produced by refining and reforming the crude oil. It has major applications in the formulation of glues and adhesives. Furthermore, it acts as a solvent extraction agent due to its immiscible properties in many industries. It possesses degreasing properties, which can be used as cleaning agent. However, some industrially obtained solvents contain methyl cyclopentane compound, which can alter the hexane properties.
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Hexane Market Research Report – Global Forecast to 2023
Top 10 Global key Players & Their Strategy Some of the prominent players operating in the global hexane market are Royal Dutch Shell plc (the Netherlands), Phillips 66 Company (U.S.), Exxon Mobil Corporation (U.S.), Bharat Petroleum Corporation Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Liaoyang Yufeng Chemical Co., Ltd. (China), China Petroleum & Chemical Corporation (China), Chevron Phillips Chemical Company (U.S.), Rompetrol S.A. (Romania), and Junyuan Petroleum Group (China) among others.
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Hexane Market Research Report – Global Forecast to 2023
Pictograph Examples with Data
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Hexane Market Research Report – Global Forecast to 2023
Segmentation Analysis
The global hexane market is categorized on the basis of grade, application, and region. On the basis of the grade, the market is bifurcated into polymer and food. On the basis of the application, the hexane market is categorized into the formulation, oil extraction, cleaning agent, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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Hexane Market Research Report – Global Forecast to 2023
Regional Analysis Asia Pacific is predicted to grow at the highest CAGR during the review period on account of expanding food processing industry. The demand for hexane is predicted to surge in numerous countries of the Asia Pacific region such as China, India, Indonesia, and Thailand due to an increased supplement of cooking oils. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to reduce the demand gap for hexane raw materials.
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Hexane Market Research Report – Global Forecast to 2023
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