The India n-Hexane market stood at approximately 180 thousand tonnes in FY2023 is expected to further grow at a CAGR of 4% during the forecast period until FY2033. Growing demand for healthy edible oil in Indian households is the major factor affecting the growth of n-Hexane market.
n-Hexane is an aliphatic hydrocarbon which has numerous applications. On the basis of Grade, n-Hexane market is segmented into – Food Grade, Pharma Grade and Polymer Grade. Hexane is used in the production of Pharma Intermediates and API Bulk medications as a solvent and a carrier. In the slurry polymerization of LDPE, LLDPE, and HDPE formulations, hexane r is utilized as a carrier as well as a solvent. Furthermore, due to the low- boiling point and high-evaporation rate of n-Hexane, it is widely used as a solvent in other industries as well such as Paints & Coatings sector. n-Hexane tends to have major application in the extraction of numerous edible oils and vegetable oils such as sunflower oil, palm oil, etc. With rising urbanization and increasing per capita income, the higher demand for edible oils is likely to foster the n-hexane market expansion in the upcoming years. Need for healthier lifestyle amongst people of all age groups is another major growth factor identified for consistent surge in demand for n-Hexane in the Indian market. n-Hexane has replaced the use of other solvents because it is non-toxic. Additionally, n-Hexane is cost effective and has been able to replace other solvents in Pharmaceutical Industry, Adhesive industry and Polymer Industry. These factors are expected to drive the growth of n-Hexane in the India market during the forecast period and reach nearly 260 thousand tonnes.
Based on the region, the n-Hexane market is segmented into West, South, North, and South. During the historical period of FY2015-FY2022, west India dominated the n-Hexane market. This region is anticipated to remain as the leading consumer in the forthcoming years as well owing to rapid consumption of n-Hexane as an industrial solvent in various industries situated in states like Gujarat and Maharashtra.
Based on end-use segment, the India n-Hexane market is bifurcated into Edible Oil Extractant, Pharmaceutical Industry, Industrial Solvent, and Others. Among these industries, Edible Oil Extractant is the leading sector and held a market share of roughly 40% in FY2023. When extracting edible or vegetable oils from things like cottonseed, groundnut, mustard, rapeseed, sesame, linseed, rice bran, soybean, sunflower, etc., hexane is employed as a solvent.
Major players in the India n-Hexane market are Chennai Petroleum Corporation Limited (CPCL), Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited. Major global players in the n-Hexane market are Jun Yuan Petroleum Group, Liaoning Yufeng Chemical Co. Ltd, ExxonMobil Chemical, KazmunayGas International, and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2033
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Objective of the Study:
• To assess the demand-supply scenario of n-Hexane which covers production, demand and supply of N-Hexane market in India.
• To analyse and forecast the market size of n-Hexane in India.
• To classify and forecast India n-Hexane market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of n-Hexane market in India.
To extract data for India n-Hexane market, primary research surveys were conducted with N-Hexane manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India n-Hexane market over the coming years.
ChemAnalyst calculated n-Hexane demand in India by analyzing the volume of n-Hexane consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• n-Hexane manufacturers and other stakeholders
• Organizations, forums and alliances related to n-Hexane distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as n-Hexane manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India n-Hexane market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2023
180 thousand tonnes
Market size Volume by FY2033
260 thousand tonnes
Growth Rate
CAGR of 4% from FY2024 to FY2033
Base year
FY2023
Estimated Year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2033
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Edible Oil Extractant, Pharmaceutical Industry, Industrial Solvent, and Others)
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What is the estimated India market size growth of n-Hexane in terms of volume for FY2033?
Ans:
The India market size of n-Hexane is estimated to expand at a CAGR of 4% in the forecast period by FY2033.
Q2.
Which industry of India had the highest demand for n-Hexane in FY2023?
Ans:
The Edible Oil Extractant industry consumed the majority of n-Hexane in FY2023 with a market share of approximately 40%.
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