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N-Hexane Market to represent a significant expansion at CAGR of 5.7% by 2024

by Bisbjeet121 · November 11, 2018


According to Research Report Insights (RRI), theglobal n-Hexane marketis likely to thrive at a moderate pace over the next eight years. During 2016-2024, the market will attain a value of US$ 1.856 Bn Nemanja Vidic Inter Milan Jersey , expanding at a CAGR of 5.7%. Edible oil industry is expected to remain the predominant consumer throughout the assessed period. Asia Pacific will reportedly represent the most lucrative regional market.


In addition to growing prevailing demand for n-Hexane in the edible oil sector, towering consumer preference for refined oil will also play a key role in driving the market for n-Hexane over the next few years. A wide range of end-use applications are anticipated to continue supporting the market throughout the forecast period.


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Iso-hexane is a chemical isomer of hexane, which is often used in oilseed extraction applications, replacing n-Hexane. Moreover Rodrigo Palacio Inter Milan Jersey , n-heptane is also used on a large scale in pharmaceuticals in order to eliminate the toxicity of n-Hexane. Rising adoption of such substitutes can hold a pretty negative influence over the growth of global n-Hexane market. Growing popularity of cold pressing technique for oil extraction is also identified to be one of the key challenges to market growth. Moreover, developed markets are increasingly encouraging hexane-free industrial products, which is a critical restraint to growth of the market.


Although polymerization, oil extraction Yao Inter Milan Jersey , and pharmaceuticals are projected to remain among the top consumers of n-Hexane, oil extraction is estimated to be the largest application. This segment will capture more than 75% market value share in 2016. This growth is attributed to high effectiveness and high-yielding capacity. Polymerization will also remain a major revenue contributor over the assessment period. Global consumption of n-Hexane by the polymerization segment will possibly cross 200 KT in 2016.


By grade of n-Hexane, oil extraction grade will remain dominant over industrial grade. While oil extraction grade is likely to reach the revenue sales of over US$ 600 Mn in 2016, that of industrial grade n-Hexane will possibly exceed a value of 560 KT by the end of 2016.


By region Mauro Icardi Inter Milan Jersey , North America will be a mature market for n-Hexane and see steady growth through 2024. The growth of this region may continue to be affected by growing popularity of hexane-free products in the North American market. Europe, another key . Cheap Jerseys Cheap Wholesale Jerseys Cheap Authentic Jerseys Cheap Jerseys Wholsale Cheap Jerseys Cheap Jerseys Free Shipping Cheap Baseball Jerseys Cheap NFL Jerseys China Cheap NFL Jerseys Online Wholesale College Football Jerseys