The global Europe Hexane Market is forecasted to grow at a rate of 3.6% in terms of value, from USD 1.93 billion in 2019 to reach USD 2.57 billion by 2027. It provides outstanding efficiency due to properties such as clarity, low water solubility, and simple chloroform, alcohol, and ether miscibility. These features will drive the global Europe Hexane Market.

The growing usage in the rubber and petrochemical industries is expected to fuel the global demand in the years to come. Additionally, it is anticipated that properties such as the ability to eliminate unpleasant taste, color retention, and other undesirable food properties will drive its demand in the oil industry. The primary application of hexane-containing solvents is to obtain vegetable oil from crops such as soybeans. The oil is collected for many different seed crops, including mustard seeds, flax, cotton seeds, rapeseeds, peanuts, soya beans, safflower seeds, and corn germ, which are then transformed into food.

Some of the leading players in the global Europe Hexane 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 Europe Hexane 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.

 Key questions addressed in the report:

• What is the expected market size of the global Europe Hexane Market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Europe Hexane Market?

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Europe Hexane 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)

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