The global Hexane Extraction Grade Market is forecast to reach USD 2.57 Billion by 2027, according to a new report by Reports and Data. Hexane is used primarily for processing edible oil from seeds and vegetables. The colorless and flavorless existence coupled with desirable properties, such as low porosity and volatility, has rendered hexane a suitable solvent alternative for several applications, including chemical, organic synthesis, oil extraction, polymerization, medicinal, and industrial cleaning degreasing. N-hexane, also known as an oil solvent, is used in a multitude of fields, from writing, rubber, clothing, makeup, paint, and so on. In recent years, n-hexane is primarily being used for computer device cleaning in the medical sector and integrated circuit (IC). The fast development of the food beverage industry in countries like India, Indonesia, Thailand, and China are strengthening the Hexane Extraction Grade Market due to the growing demand for industrial-grade hexane in the Asia Pacific region. Governments around the world are now imposing stringent controls on the usage of hexane to enhance the health of the workers and reduce the accidents of chemical installations.

Some of the leading players in the global Hexane Extraction Grade Market:

NOAH Technologies Corporation, Environmental Equipment Supply, AquaPhoenix Scientific, Mil-Spec Industries Corp., Continental Chemical, GFS Chemicals Inc., City Chemical LLC, Hydrite Chemical Co., Haviland Enterprises Inc., and Hukill Chemical Corp.

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Further key findings from the report suggest

• Based on the grade, extraction grade generated a revenue of USD 0.85 billion in 2019. It projected to rise with a CAGR of 3.5% in the forecast period due to the massive developments desired by the food and extraction industries.
• The edible oil extraction application is the major contributor to the Hexane Extraction Grade Market. The edible oil extraction application of the Asia Pacific region is the major shareholder of the market and held around 34.3% of the market in the year 2019, owing to the increasing consumer consciousness about refined oil use and the associated health effects.
• The Asia Pacific dominated the market for hexane in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The Asia Pacific region held approximately 36% of the market, followed by Europe, which contains around 28% market in the year 2019.

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Hexane Extraction Grade Market Segmentation:

Grade Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Polymerization
• Extraction

Distribution Channel Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

• Online
• Offline

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Edible Oil Extraction
• Industrial Solvent
• Adhesive Formulation
• Leather Treatment
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Key Attentions of Hexane Extraction Grade Market Report:

The report offers a complete and broad perspective on the global Hexane Extraction Grade Market.

The market statistics depicted in the various Hexane Extraction Grade Market segments give a complete picture of the industry.

The market growth drivers and challenges affecting the development of the Hexane Extraction Grade Market are analyzed in detail.

The report will aid in the analysis of key competitive market scenarios and Hexane Extraction Grade Market dynamics.

Major players, Hexane Extraction Grade Market key companies, investment feasibility, and study of new market entrants are offered.

The scope of development of the Hexane Extraction Grade Market in each market segment is covered in this report.

The macro and microeconomic factors that influence the Hexane Extraction Grade Market progress are detailed in this report.

The upstream and downstream components of the Hexane Extraction Grade Market and a complete value chain are explained.

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