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Hexane Market is Poised to Reach $3.1 billion by 2027| According to MarketsandMa

The global hexane market is expected to experience significant growth in the coming years due to rising demand from industries such as food and pharmaceuticals. Asia-Pacific is the largest market, followed by North America and Europe.

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Hexane Market is Poised to Reach $3.1 billion by 2027| According to MarketsandMa

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  1. Hexane Market worth $3.1 billion by 2027- Exclusive Report by MarketsandMarkets™ The report "Hexane Market by Grade (Oil Extraction/Food, Pharmaceutical, and Industrial), Application (Oil Extraction, Pharmaceutical, Industrial Cleaning and Degreasing, Polymerization), and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2027", is projected to reach USD 3.1 billion by 2027 from USD 2.4 billion in 2022, at a CAGR of 4.8%, during the forecast period. Steady demand from the edible oils market is driving the demand for hexane. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91763483 Industrial grade is expected to grow at the highest CAGR during the forecast period, by value Industrial grade hexane is used in industries as a cleaning agent, in the formulation of glues, as an additive in consumer products and to extract oil and grease contaminates from soil and water for analysis in laboratories. Thus, the usage of industrial grade hexane in various industries is expected to drive demand. Polymerization application is expected to grow at the highest CAGR during the forecast period, by value Hexane is used as a reaction medium for polymerizations. Growth of major end-use industries of polymer foam such as building & construction, furniture & bedding, and packaging industry is expected to increase demand for polymers. Thus, growth in demand for polymer is expected to create high growth potential for hexane market. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=91763483 Europe accounted for the second-largest share in 2021, in terms of value

  2. Europe was the second-largest market in 2021 by value. Germany accounted for the largest market share in the region. The food industry in Germany is growing at a high rate, creating significant growth potential for the hexane market in the country. Also, the country has a strong pharmaceutical sector which contributes a significant share to the entire economy. Thus, the growth of the food and pharmaceutical sectors is expected to boost the market for hexane. Some of the leading players in this market include China Petroleum & Chemical Corporation (China), Shell plc (UK), Exxon Mobil Corporation (US), Rompetrol-Rafinare (Romania), Junyuan Petroleum Group (China), TotalEnergies (France), Phillips 66 Company (US), Indian Oil Corporation Ltd (India), Petróleo Brasileiro S.A. (Brazil), Bharat Petroleum Corporation Limited (India), Hindustan Petroleum Corporation Limited (India), Honeywell International Inc. (US), Sumitomo Chemical (Japan), among others. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.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.

  3. 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. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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