Hexane Global Market Report 2026

Hexane is a colorless and flammable liquid commonly utilized as a solvent, primarily derived from the distillation of petroleum. It is a non-polar solvent known for its high volatility, cost-effectiveness, general safety, and easy evaporation, making it a popular choice in various industrial applications.

The main types of hexane include n-hexane, isohexane, and neohexene. N-hexane, derived from crude oil, is a highly combustible colorless liquid with a mildly unpleasant odor. Isohexane, obtained through the fractional distillation of petroleum, is a highly flammable and colorless liquid with no discernible odor. Neohexene, on the other hand, is a colorless liquid organic compound characterized by a mild sweet odor. Hexane is available in different grades, including polymer grade, food grade, and other grades. Its diverse applications encompass industrial solvents, edible oil extraction, adhesives and sealants, paints and coatings, and various other industrial processes.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the hexane market by increasing costs of imported crude derivatives, refining equipment, and storage infrastructure. Asia-Pacific producers face pricing pressure on export volumes, while North America and Europe experience higher procurement costs for food and industrial-grade hexane. These tariffs are influencing supply pricing and contract structures. However, they are also encouraging domestic refining capacity, localized solvent production, and investment in recovery and recycling technologies.

The hexane market research report is one of a series of new reports from The Business Research Company that provides hexane market statistics, including hexane industry global market size, regional shares, competitors with a hexane market share, detailed hexane market segments, market trends and opportunities, and any further data you may need to thrive in the hexane industry. This hexane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hexane market size has grown strongly in recent years. It will grow from $2.47 billion in 2025 to $2.66 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to expansion of vegetable oil processing, growth of adhesives and sealants production, availability of petroleum refining capacity, rising use in laboratory applications, established solvent supply chains.

The hexane market size is expected to see strong growth in the next few years. It will grow to $3.54 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing regulatory pressure on solvent emissions, growing shift toward alternative green solvents, rising demand for food-grade hexane, improvements in solvent recovery systems, increasing focus on worker safety compliance. Major trends in the forecast period include continued use of hexane in edible oil extraction, stable demand from industrial solvent applications, increased focus on high-purity grades, optimization of refining and distillation processes, improved handling and safety standards.

The rising production of edible oil is expected to drive the growth of the hexane market in the coming years. Edible oils are dietary fats that play a vital role in the body by meeting nutritional needs, supporting growth, and ensuring proper functioning of the brain, nervous system, and endocrine system. Hexane is widely used for edible oil extraction due to its rapid oil recovery, narrow boiling range (63-69 °C), and strong solubilizing properties. For example, in August 2025, according to the USDA Foreign Agricultural Service, a US-based government agency, Indonesia's palm oil export forecast for 2024/25 was revised downward to 22.8 MMT, reflecting the impact of the B40 mandate and weaker export demand. Meanwhile, soybean consumption is expected to remain steady at 2.8 MMT in 2024/25 due to soft consumer purchasing power. Therefore, the increasing production of edible oil is boosting the growth of the hexane market.

Leading companies in the hexane market are developing advanced production units, such as alpha-hexene, to enhance manufacturing efficiency, improve product availability, and support the production of downstream chemical products. Alpha-hexene is a chemical feedstock used in the production of polyethylene and other polymers. For instance, in March 2023, Chevron Phillips Chemical, a US-based petrochemicals company, completed construction of the world's largest on-purpose 1-hexene unit in Old Ocean, Texas. Scheduled to begin operations by early September, this new unit is expected to increase the company's 1-hexene production capacity, a critical feedstock for polyethylene and other downstream chemical products.

In October 2023, Exxon Mobil Corporation, a prominent US-based company specializing in the manufacture of petrochemical products, including hydrocarbon solvents such as hexane, entered into a partnership with Pioneer Natural Resources Company. The primary objective of this partnership is to enhance ExxonMobil's focus on fossil fuel production and gain access to additional acreage for resource extraction. By combining Pioneer's extensive 850,000 net acres in the Midland Basin with ExxonMobil's 570,000 net acres in the Delaware and Midland Basins, the collaboration aims to establish the industry's leading undeveloped U.S. unconventional inventory position. Pioneer Natural Resources Company, a US-based energy company, is a key player in this strategic partnership.

Major companies operating in the hexane market are Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, China Petroleum & Chemical Corporation (Sinopec Corp), GFS Chemicals, Hindustan Petroleum Corporation Limited, Junyuan Petroleum Group, Rompetrol S.A., Sumitomo Chemical Co., Chevron Corporation, China National Petroleum Corporation, CPC Corporation, Eni SPA, Formosa Plastics Group, Gazprom promyshlennost, Idemitsu Kosan Co., Ltd., Indian Oil Corporation, Ineos Group, Lotte Chemical Corporation, Langepas, Uray and Kogalym oil, Marathon Petroleum, Mitsubishi Chemical Corporation, Neste Abp in Swedish, and Neste Corporation, Petroleos Mexicanos, Petroleo Brasileiro S.A., Petroliam Nasional Berhad, Phillips 66 Company, Qatar Petroleum, Reliance Industries, Royal Dutch Shell, Sasol Ltd., China Petroleum & Chemical Corporation, Thai Oil Public Company Limited, Total S.A., Yacimientos Petroliferos Fiscales

Asia-Pacific was the largest region in the hexane market in 2025. North America was the second-largest market in the hexane market. The regions covered in the hexane market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hexane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The hexane market consists of sales of 2-methylpentane and 2,2-dimethylbutane. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hexane Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses hexane market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hexane ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hexane market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: N-Hexane; Isohexane; Neohexane
• 2) By Grade: Polymer Grade; Food Grade; Other Grades
• 3) By Application: Industrial Solvents; Edible Oil Extractant; Adhesives and Sealants; Paints and Coatings; Other Applications
• Subsegments:
• 1) By N-Hexane: Industrial Grade N-Hexane; Laboratory Grade N-Hexane
• 2) By Isohexane: Isomeric Mixture Of Hexanes; Specialty Isohexane Products
• 3) By Neohexane: Specialty Chemicals Derived From Neohexane; Industrial Applications Of Neohexane
• Companies Mentioned: Exxon Mobil Corporation; Bharat Petroleum Corporation Limited; China Petroleum & Chemical Corporation (Sinopec Corp); GFS Chemicals; Hindustan Petroleum Corporation Limited; Junyuan Petroleum Group; Rompetrol S.A.; Sumitomo Chemical Co.; Chevron Corporation; China National Petroleum Corporation; CPC Corporation; Eni SPA; Formosa Plastics Group; Gazprom promyshlennost; Idemitsu Kosan Co., Ltd.; Indian Oil Corporation; Ineos Group; Lotte Chemical Corporation; Langepas, Uray and Kogalym oil; Marathon Petroleum; Mitsubishi Chemical Corporation; Neste Abp in Swedish, and Neste Corporation; Petroleos Mexicanos; Petroleo Brasileiro S.A.; Petroliam Nasional Berhad; Phillips 66 Company; Qatar Petroleum; Reliance Industries; Royal Dutch Shell; Sasol Ltd.; China Petroleum & Chemical Corporation; Thai Oil Public Company Limited; Total S.A.; Yacimientos Petroliferos Fiscales
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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