According to the latest report by IMARC Group, titled â€œNorth America N-hexane Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026â€, the market reached a volume of 482 Kilo Tons in 2020.
N-hexane, also known as hexyl hydride, is an aliphatic hydrocarbon that is primarily procured from crude oil and natural gas. It can also be synthesized through sugarcane waste by utilizing special catalysts. N-hexane is a colorless fluid that is highly-combustible and produces an irritant smoke upon burning. Owing to this, N-hexane is widely utilized in the form of an industrial chemical and laboratory reagent.
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The escalating demand for N-hexane as a primary solvent for various industrial and chemical products, such as rubber, leather, paint, polypropylene, etc., is primarily driving the demand for N-hexane in North America. Moreover, N-hexane is increasingly being adopted for obtaining several seed oils, including cottonseed oil, soybean oil, peanut oil, safflower oil and flax oil, thereby propelling the market growth. Additionally, the growing demand for N-hexane in the pharmaceutical sector for shaping tablets and in numerous synthesis and separation processes for formulating several pharma products is expected to further drive the market for N-hexane in North America over the forecasted period.
Looking forward, IMARC Group expects the market to grow at a CAGR of 3.3% during 2021-2026.
The competitive landscape of the North America n-hexane market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
Breakup by Application:
â€¢ Edible Oil Extraction
â€¢ Industrial Solvent
â€¢ Adhesive Formulation
Breakup by Country:
â€¢ United States
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Key highlights of the report:
â€¢ Market Performance (2015-2020)
â€¢ Market Outlook (2021-2026)
â€¢ Market Trends
â€¢ Market Drivers and Success Factors
â€¢ Impact of COVID-19
â€¢ Value Chain Analysis
â€¢ Comprehensive mapping of the competitive landscape
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