Hexane Market- Demand for the Solvent in the Paints & Coatings Industry is Increasing Growth Opportunities| According to MarketsandMarkets™

Hexane Market- Demand for the Solvent in the Paints & Coatings Industry is Increasing Growth Opportunities| According to MarketsandMarkets™
Hexane Market

Hexane Market Growth and Its Importance in the Edible Oil Industry

Hexane is a widely preferred chemical for oil extraction from seeds and other oil-producing fruits, owing to its excellent solubilizing ability, high evaporation rate, low boiling point, easy oil recovery, and high yield. It is also used in dry cleaning, paint manufacturing, and the color printing of fabrics.

According to MarketsandMarkets, the hexane market is projected to reach USD 3,075 million by 2027 from USD 2,432 million in 2022, at a CAGR of 4.8%, during the forecast period. Steady demand from the edible oils market is driving the need for hexane. Moreover, the increase in demand for the solvent in the paints & coatings industry is increasing growth opportunities for the hexane market.

Food-grade hexane is a non-volatile dearomatized fluid with a very low benzene content volume. It is a colorless and clear liquid with petroleum odor and sediment-free characteristics. Food-grade hexane is produced from raw hexane feed using sulfolane as an extraction solvent to reduce the unsaturated content.

Get an Exclusive PDF Sample Copy of the Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91763483

Pharmaceutical grade hexane is a high-purity grade of hexane that is available in purity levels as high as 99% with minimal impurities. In addition to high purity, pharmaceutical grade hexane has a low boiling point, low toxicity, minimal odor, and no poisonous fumes. The pharmaceutical grade hexane is, therefore, a commonly used solvent in the pharmaceutical & drug industry, where it is used for creating molds that are further utilized to produce tablet molds.

Key applications of Hexane in the extraction of food products and ingredients





Oil seeds: soybean, rapeseed, sunflower, corn germ

§   Crushing industry

§   Specialty oils extraction

§   Natural extracts production

Animal Feed

Feed millers, premix

Specialty oilseeds: sesame, wheat germ, primrose, rice bran, perilla


Meat alernatives, infant nutrition, edible oils, processed foods, colors




Paints & inks

Medicinal plants, algae, flowers, micro-organisms

Personal care

Perfumery, cosmetics

Health care

Pharmaceuticals, nutraceuticals

Source: Secondary Research, Primary Interviews, and MarketsandMarkets Analysis

Steady demand from the Edible oils end-use is driving the growth of the Hexane market

Hexane has a greater ability to extract oil when compared to other solvents, such as petroleum ether and ethyl acetate. Therefore, it is mainly used in the extraction of edible oils from vegetables and seeds, including soybean, mustard seed, cottonseed, rape seed, flax, groundnut, corn germ, safflower seed, and palm. It helps extract the maximum possible quantity of oil, while also eliminating undesirable odor from oil. The solvent is recyclable and can be reused after oil extraction. Particularly, food-grade hexane is utilized in oil extraction, owing to its efficiency and safety. It has a low boiling point, and the solvent retains its liquid state in cool temperatures. Hexane extracts oil from fruits, and seeds, without disturbing their nutritional value.

Request a Sample of the Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=91763483

Hexane has become the predominant solvent for oilseed extraction due to its complete miscibility with oil, low boiling point, ease of recycling, and relatively low cost. This solvent has traditionally been used in the petroleum industry since 1930. Food-grade or oil-grade hexane is manufactured by purifying and extracting a hexane-rich stream from custom-cut naphtha to meet the specifications for an anticorrosive solvent.

The above figure indicates that vegetable oil consumption is increasing worldwide. An increase in oil consumption is expected to drive the oil extraction process, thus driving the hexane market.

Asian countries have vast populations and growing economies, due to which, the demand for vegetable oil has increased significantly. For several of these countries, such as Indonesia, Thailand, Malaysia, and Singapore, this enormous consumption base is also increasing. Soybeans and palm oil dominate the Asia Pacific’s oilseeds and vegetable oils market. In order to extract edible/vegetable oils, such as those from cottonseed, groundnut, mustard, rapeseed, sesame, linseed, rice bran, soybean, and sunflower, hexane is one of the most preferred solvents. Thus, the growth in different markets in the region is expected to continue to boost the demand for hexane.

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=91763483

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441