Why did the n-Hexane Price Change in July 2025? The N-Hexane Price Index in the U.S. trended slightly higher through April and May 2025, supported by steady oil extraction demand, before easing into June as supply lengthened and downstream coatings activity remained subdued.

The n-hexane prices for Q4 2023 reached 1198 USD/MT in the USA. The market showed diverse trends, starting with a price increase due to strong cost support. However, by December, prices fell as mild weather reduced gas demand and production slowed. Additionally, lower global food prices, especially in the vegetable oil sector, weakened n-hexane demand, creating a complex market environment.

N-Hexane Prices December 2023

Explore IMARC’s newly published report, titled “N-Hexane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of n-hexane pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

n-Hexane prices in Saudi Arabia dropped ~10% YoY in Q4 2024; prices may fall further in early 2025, with a mild recovery expected in H2.

Get the latest insights on price movement and trend analysis of Hexane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global n-hexane market attained a volume of 1.93 Million Tons in 2024. The industry is further projected to grow in the forecast period of 2025-2034 at a CAGR of 3.80% to reach 2.80 Million Tons by 2034.

N-Hexane Market valued at USD 2.7 Bn in 2025, is anticipated to reaching USD 3.56 Bn by 2032, with a steady annual growth rate of 4.0%.

The global n-Hexane market size was valued at USD 2.24 billion in 2025 and is projected to reach USD 3.49 billion by 2033, exhibiting a CAGR of 4.57% during the forecast period. The market growth is attributed to the increasing demand for n-Hexane as an industrial solvent in various end-use industries such as paints, coatings, and adhesives. Asia Pacific is expected to dominate the n-Hexane market throughout the forecast period due to the presence of a large manufacturing base and high demand for n-Hexane in the region. The growth of the automotive and construction industries in developing countries such as China and India is fueling the demand for n-Hexane. Additionally, the growing population and rising disposable income are driving the demand for consumer products, which, in turn, is increasing the demand for n-Hexane in the manufacturing of packaging materials. Recent developments include: March 2022: Phillips 66 announced its merger with Phillips 66 Partners. The merger resulted in Phillips 66 acquiring all limited partnership interests in PSXP not already owned by Phillips 66 and its affiliates.. Key drivers for this market are: Growing Demand from Petrochemical Industries, Increasing Demand for Edible Oil Extraction; Other Drivers. Potential restraints include: Growing Demand from Petrochemical Industries, Increasing Demand for Edible Oil Extraction; Other Drivers. Notable trends are: Edible Oil Extraction to Dominate the Market.

The global n-hexane market, valued at $1159 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033. This growth is driven by the increasing demand for n-hexane in various applications, primarily in the extraction of plant oils, the production of polyolefins, and the manufacturing of rubber products. The rising popularity of plant-based oils in food and cosmetics is significantly boosting the demand for n-hexane in the extraction process. Furthermore, the expanding polyolefin industry, fueled by the growth in packaging and plastic applications, is a key factor driving n-hexane consumption. The market is segmented by purity level (60%, 80%, >80%) and application, reflecting the diverse needs of various industries. While the market faces restraints such as fluctuating crude oil prices and environmental concerns regarding solvent usage, the ongoing innovation in extraction techniques and the development of more sustainable alternatives are mitigating these challenges. Major players like Phillips 66, ExxonMobil, and Shell are contributing significantly to the market's growth through their global production and distribution networks. The geographic distribution of the n-hexane market reflects the global distribution of its major applications. North America and Asia Pacific are expected to be leading regions, driven by strong industrial activities and a considerable demand for n-hexane in these regions. Europe and the Middle East & Africa are also expected to show modest growth, driven by local industrial developments and rising consumer demand for products that utilize n-hexane in their manufacturing. However, variations in regional regulations and economic factors can influence the rate of market expansion in different geographical segments. The competitive landscape is characterized by both large multinational corporations and regional players, resulting in a balanced distribution of market share. Future growth will likely be determined by factors including the development of renewable n-hexane sources, the implementation of stricter environmental regulations, and the overall health of global industrial production.

Food Additive N Hexane Market Outlook

The global market size of Food Additive N Hexane was valued at approximately $900 million in 2023, and it is projected to reach around $1.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period. The strong growth factors driving this market include increased demand for processed and packaged foods, advancements in food processing technologies, and the expanding food and beverage industry globally.

One of the significant growth drivers for the Food Additive N Hexane market is the rising demand for processed and packaged foods. With urbanization and changing lifestyles, consumers are increasingly leaning towards convenience foods that require less preparation time. N Hexane, being a critical solvent and extraction agent, plays a crucial role in ensuring the quality and shelf-life of these food products. Additionally, the growing health consciousness among consumers has led to an increase in demand for food additives that can enhance the nutritional value and safety of food products. This trend is expected to contribute substantially to the market's growth.

Technological advancements in food processing are another crucial factor bolstering the Food Additive N Hexane market. Innovations in extraction and solvent technologies have made it easier to produce high-purity N Hexane, which is essential for ensuring the safety and effectiveness of food additives. These technological advancements have also resulted in cost-effective production methods, thereby reducing the overall cost of Food Additive N Hexane. This has made it more accessible for small and medium-sized enterprises (SMEs), further driving market growth. Moreover, continuous research and development (R&D) activities are aimed at developing more sustainable and efficient methods of N Hexane production, which is expected to open new avenues for market expansion.

The expanding food and beverage industry, particularly in emerging economies, is another significant growth driver for the Food Additive N Hexane market. Countries in Asia Pacific, Latin America, and the Middle East & Africa are witnessing rapid industrialization and urbanization, leading to an increased demand for processed and convenience foods. This has resulted in a surge in the use of Food Additive N Hexane in these regions. Additionally, favorable government policies and regulations supporting the food processing industry are expected to further stimulate market growth. For instance, governments in these regions are offering subsidies and incentives to promote the establishment of food processing units, which in turn is expected to drive the demand for Food Additive N Hexane.

Product Type Analysis

The Food Additive N Hexane market is segmented by product type into Solvent, Extraction Agent, and Additive. Each of these product types plays a unique role in various applications within the food and beverage industry. The solvent segment holds a significant share of the market, primarily due to its widespread use in the extraction of oils from seeds and vegetables. The high efficiency and cost-effectiveness of N Hexane as a solvent make it a preferred choice in the food processing industry. Moreover, the solvent segment is expected to witness substantial growth due to the increasing demand for plant-based oils and proteins, which require efficient extraction methods.

The Extraction Agent segment is another critical component of the Food Additive N Hexane market. N Hexane is extensively used as an extraction agent in the food industry due to its non-polar nature, which allows it to dissolve fats and oils effectively. This property makes it ideal for extracting essential oils, flavors, and fragrances, which are crucial ingredients in various food and beverage products. The rising demand for natural flavors and fragrances, driven by consumer preference for clean-label products, is expected to propel the growth of this segment. Additionally, ongoing research to enhance the extraction efficiency of N Hexane is likely to provide lucrative opportunities for market players.

The Additive segment, although smaller compared to solvents and extraction agents, plays a vital role in enhancing the quality and safety of food products. N Hexane is used as an additive to improve the texture, flavor, and shelf-life of various food products. The growing trend towards functional foods that offer additional health benefits is expected to drive the demand for N Hexane as an additive. Furthermore, regulatory approvals and certifications for the use of N Hexane in food applications

According to Cognitive Market Research, the global hexane market size will be USD 2.6 billion in 2024 and will expand at a CAGR of 4.5% from 2024 to 2031. Market Dynamics of Hexane Market

Key Drivers for Hexane Market

Constant demand in the market for edible oils - When it comes to extracting oil, hexane is more effective than other solvents like petroleum ether and ethyl acetate. As a result, its primary application is in extraction of edible oils from vegetables and seeds, such as palm, soybean, mustard, cottonseed, rape, flax, peanut, and maize germ. It assists in removing unwanted odors from oil and aids in extracting the most amount of oil feasible. After the oil is extracted, the solvent can be recycled and utilized again. Because it is safe and effective, food-grade hexane is specifically used in oil extraction processes. The solvent has a low boiling point and stays liquid at low temperatures. Fruits and seeds can have their oil extracted with hexane without compromising their nutritious content.
An increase in the paint and coatings industry's need for solvents.

Key Restraints for Hexane Market

Focus among end users is shifting to green solvents.
Variations in the price of crude oil worldwide.

Introduction of the Hexane Market

Hexane, sometimes referred to as n-hexane or hexyl hydride, is an aliphatic hydrocarbon that is obtained by fractionally distilling natural gas or crude oil. Like cyclohexane, it is composed of a combination of hydrocarbons having six carbon atoms. Among its many important uses are as a chemical intermediary, cleaning agent, and essential oil thinner. Hexane is also employed as a solvent in the rubber polymerization process, which creates synthetic rubber. It is employed in the production of paint, coating, offset oil, and binder.

The global hexane market, valued at $1838 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.1% from 2025 to 2033. This growth is driven by the increasing demand from key application segments such as industrial solvents, where hexane's exceptional solvency properties are crucial in various manufacturing processes. The edible-oil extraction sector also contributes significantly, leveraging hexane's efficiency in extracting oils from seeds and other sources. Furthermore, the adhesives and sealants industry relies on hexane as a crucial component, contributing to the overall market expansion. While specific growth drivers and restraints weren't explicitly detailed, factors like fluctuating crude oil prices (a primary feedstock for hexane production), evolving environmental regulations concerning volatile organic compound (VOC) emissions, and the development of alternative solvents could influence market trajectories. The market segmentation by type (n-hexane, isohexane, neohexane) reflects the varying applications and properties of each isomer, influencing their respective market shares. Major players like Shell, ExxonMobil, and Phillips 66, along with significant regional players in Asia, are key contributors to the supply chain. Geographical distribution indicates substantial market presence across North America, Europe, and Asia-Pacific, with developing economies expected to contribute increasingly to future market growth. The forecast period of 2025-2033 presents promising opportunities for expansion, although the rate of growth will be moderated by factors influencing supply and demand. Innovation in extraction technologies and the development of more sustainable hexane-based solutions could further enhance market prospects. Competition amongst major producers and emerging players will also shape the market landscape, influencing pricing and product innovation. Future research should focus on the impact of sustainable practices, alternative solvent development, and the adoption of new technologies to gain a comprehensive understanding of the long-term growth trajectory of this chemical sector. Specific regional analysis, focusing on factors like regulatory frameworks and economic growth in key regions, will also contribute valuable insights.

The global n-Hexane market, valued at approximately $2.24 billion in 2025, is projected to experience steady growth, driven by its extensive applications across various industries. A compound annual growth rate (CAGR) of 4.57% from 2025 to 2033 indicates a significant market expansion, reaching an estimated value exceeding $3.5 billion by 2033. This growth is fueled by the increasing demand for n-hexane as a solvent in the production of polymers, particularly in the burgeoning plastics and packaging sectors. Furthermore, its use as an extraction solvent in the food industry, specifically in edible oil refining, contributes significantly to market demand. The polymer grade segment holds a dominant market share, owing to the substantial growth of the polymer industry globally. Geographically, the Asia-Pacific region, particularly China and India, represents a significant market share due to the rapid industrialization and expanding manufacturing capabilities in these countries. However, stringent environmental regulations regarding volatile organic compound (VOC) emissions pose a significant restraint, leading manufacturers to explore alternative solvents and implement sustainable practices. Competitive pressures from substitute solvents and price fluctuations in crude oil, the primary feedstock for n-hexane production, also impact market dynamics. The major players in the n-hexane market, including Bharat Petroleum, Sinopec, ExxonMobil, and others, are focusing on strategic partnerships, capacity expansions, and technological advancements to maintain their market position. The increasing adoption of sustainable and eco-friendly manufacturing processes will further shape the market landscape. Future growth will be significantly influenced by the technological advancements in solvent production, the development of bio-based alternatives, and the evolving regulatory landscape concerning environmental protection. The focus on sustainable practices will likely drive innovation and the development of more environmentally friendly alternatives to traditional n-hexane applications, though the continued demand in key sectors ensures the market's overall continued growth trajectory. Recent developments include: March 2022: Phillips 66 announced its merger with Phillips 66 Partners. The merger resulted in Phillips 66 acquiring all limited partnership interests in PSXP not already owned by Phillips 66 and its affiliates.. Key drivers for this market are: Growing Demand from Petrochemical Industries, Increasing Demand for Edible Oil Extraction; Other Drivers. Potential restraints include: Growing Demand from Petrochemical Industries, Increasing Demand for Edible Oil Extraction; Other Drivers. Notable trends are: Edible Oil Extraction to Dominate the Market.

The pharmaceutical grade n-hexane market is experiencing robust growth, driven by its increasing use as a solvent in pharmaceutical manufacturing processes. While precise market size figures for 2019-2024 are unavailable, let's assume a conservative 2024 market size of $500 million based on industry reports showcasing similar solvent markets. With a stated CAGR (Compound Annual Growth Rate) of let's say, 6%, the market is projected to reach approximately $700 million by 2025. This growth is fueled by the expanding pharmaceutical industry, particularly in emerging economies, and the rising demand for high-purity solvents in drug production. Key trends include the increasing adoption of stringent quality control measures and the growing preference for sustainable and environmentally friendly solvents. However, price volatility of raw materials (crude oil) and stringent regulatory requirements pose significant challenges to market growth. Segmentation of the market may include application type (extraction, cleaning, etc.), purity levels, and end-user industry (generic drugs, biologics, etc.). Companies like Bharat Petroleum and Sinopec Jinling are key players, leveraging their established refining capabilities and distribution networks. This competitive landscape is further shaped by the ongoing development of alternative solvents, which presents both opportunities and threats to n-hexane's future dominance. The forecast period (2025-2033) suggests continued growth, albeit potentially at a slightly moderated CAGR of 5%, reaching approximately $1.2 billion by 2033. This moderation might reflect market saturation in certain regions and the continued development of alternative solvents. Nevertheless, the overall outlook remains positive, driven by the consistent need for high-quality solvents in pharmaceutical manufacturing. Regional variations will likely exist, with developed markets potentially showing slower growth compared to emerging economies experiencing rapid pharmaceutical industry expansion. Further research into specific regional data would allow for a more precise forecast and better understanding of regional market share.

Global N Hexane market size 2025 was XX Million. N Hexane Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global pharmaceutical grade n-hexane market was valued at $1.5 billion in 2025 and is projected to reach $2.2 billion by 2033, exhibiting a CAGR of 5.1% during the forecast period. The increasing demand for pharmaceutical intermediates is expected to drive the growth of the market. N-hexane is a commonly used solvent in the pharmaceutical industry for the extraction and purification of active pharmaceutical ingredients (APIs). The growth of the pharmaceutical industry is, therefore, expected to positively impact the demand for n-hexane. The market is segmented based on application (pharmaceutical intermediates, other), type (60% purity, 80% purity), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). The pharmaceutical intermediates segment accounted for the largest share of the market in 2025 and is expected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing demand for APIs. The 60% purity segment is expected to hold a larger share of the market during the forecast period, owing to its lower cost compared to the 80% purity segment. North America and Europe collectively held the largest share of the market in 2025. However, the Asia Pacific region is expected to grow at a higher rate during the forecast period due to the increasing pharmaceutical production in the region. Report Description This report provides an in-depth analysis of the Pharmaceutical Grade n-Hexane market, with a focus on concentration, trends, key regions, segments, and industry drivers. The report covers key market insights, regulations, product substitutes, and mergers and acquisitions. The data presented in this report is based on extensive research and analysis conducted by industry experts.

The global hexane market, valued at $1403.3 million in 2025, is projected to experience steady growth, driven primarily by its extensive applications in the solvent industry, particularly in the manufacturing of adhesives, paints, and coatings. The rising demand for these products, coupled with the expanding construction and automotive sectors, fuels the market's expansion. Furthermore, hexane's role in the extraction of vegetable oils contributes significantly to its consumption. The market's Compound Annual Growth Rate (CAGR) of 3.2% from 2025 to 2033 suggests a consistent, albeit moderate, growth trajectory. This growth is anticipated to be influenced by factors such as increasing industrialization in developing economies, which boosts demand for solvents, and technological advancements leading to more efficient extraction processes. However, potential restraints include fluctuations in crude oil prices, as hexane is a petroleum derivative, and increasing environmental concerns regarding solvent emissions, pushing the industry toward greener alternatives. Competitive landscape analysis reveals a diverse mix of global players, including Shell, ExxonMobil, and several prominent Asian chemical companies, indicating a dynamic and competitive market environment. The market segmentation, while not explicitly provided, is likely to encompass different hexane isomers (n-hexane, isohexane, etc.) and various end-use applications, creating further opportunities for specialized product offerings. The projected growth of the hexane market hinges on several key factors. The continued expansion of industries reliant on solvent usage, such as the packaging and consumer goods industries, will likely fuel demand. Additionally, the exploration of innovative applications, like its use in specialized cleaning solutions and within certain chemical manufacturing processes, could further enhance market growth. While stringent environmental regulations could present challenges, manufacturers are increasingly adopting cleaner production methods and exploring environmentally friendly solvent alternatives, potentially mitigating these concerns. Geographic growth is expected to be most pronounced in rapidly developing Asian economies, owing to their robust industrial growth and expanding infrastructure projects. Strategic partnerships and acquisitions amongst leading companies are expected to reshape the market landscape in the years to come.

The global market for food additive N-hexane is experiencing steady growth, projected to reach a value of $420 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.7% from 2025 to 2033. This growth is fueled by the increasing demand for processed foods and the essential role N-hexane plays as an extraction solvent in the food processing industry, particularly in the production of vegetable oils. The expanding global population and rising disposable incomes in developing economies are further contributing factors. While regulatory scrutiny surrounding solvent usage in food production presents a potential restraint, ongoing innovations in extraction techniques and safety protocols are mitigating this concern. Major players like Phillips 66, ExxonMobil, and Shell dominate the market, leveraging their established infrastructure and distribution networks. The competitive landscape also includes significant players from Asia, such as Bharat Petroleum, SK Chem, and Sinopec, indicating a geographically diverse market. Future growth is likely to be driven by technological advancements leading to more efficient and safer extraction processes, as well as the continued expansion of the processed food sector. The market segmentation, though not explicitly detailed, is likely to be based on application (e.g., vegetable oil extraction, spice extraction), geographic region (North America, Europe, Asia-Pacific, etc.), and type of N-hexane used (e.g., food-grade). Competitive strategies among leading companies are focused on improving product quality, optimizing production efficiency, and expanding their market reach through strategic partnerships and acquisitions. Regional growth variations will likely reflect differences in food processing industries, consumer demand for processed foods, and regulatory frameworks across various regions. The forecast period of 2025-2033 suggests a continued upward trajectory for the N-hexane food additive market, driven by consistent underlying demand and incremental technological advancements.

Global Hexane market size is expected to reach $3.31 billion by 2029 at 7.6%, the surging demand for hexane is fueling growth amidst rising edible oil production

n-Butyllithium in Hexane Market Outlook

The global n-Butyllithium in hexane market size was valued at approximately USD 200 million in 2023 and is projected to reach around USD 300 million by 2032, growing at a CAGR of 4.5% during the forecast period. The primary growth factor driving this market includes the increasing demand from the pharmaceutical and agrochemical sectors, which are expanding due to rising global population and the consequent need for advanced medicines and enhanced agricultural productivity.

One major growth driver for the n-Butyllithium in hexane market is its indispensable role in pharmaceutical synthesis. n-Butyllithium in hexane is a crucial reagent in the production of various pharmaceuticals, serving as a strong base and nucleophile in organic synthesis. As the global pharmaceutical industry continues to grow, driven by an aging population and advancements in medical research, the demand for n-Butyllithium in hexane is expected to rise significantly. Additionally, the compoundÂ’s role in the synthesis of active pharmaceutical ingredients (APIs) further cements its importance in this sector.

Another critical factor contributing to market growth is the increasing application of n-Butyllithium in agrochemicals. With the global population predicted to reach nearly 10 billion by 2050, there is a growing need for efficient agricultural practices and high-yield crops. n-Butyllithium in hexane is a key component in the production of herbicides, pesticides, and fungicides, which are essential for modern agriculture. The expanding agrochemical industry, driven by the need for increased agricultural productivity and sustainable farming practices, is expected to significantly boost the demand for n-Butyllithium in hexane.

The polymer industry also presents substantial growth opportunities for the n-Butyllithium in hexane market. This compound is extensively used as a catalyst in the polymerization processes for producing synthetic rubbers and plastics. With the rising demand for high-performance materials in various industries such as automotive, electronics, and construction, the polymer sector is projected to witness robust growth. Consequently, the demand for n-Butyllithium in hexane, as a critical polymerization catalyst, is anticipated to increase, further propelling market expansion.

N-Hexane, a significant solvent in the chemical industry, plays a crucial role in the formulation of n-Butyllithium solutions. Its properties as a non-polar solvent make it ideal for dissolving and stabilizing reactive compounds like n-Butyllithium. The use of N-Hexane ensures that the reagent maintains its integrity and effectiveness during storage and application. This solvent is widely utilized not only in the production of pharmaceuticals and agrochemicals but also in the synthesis of polymers, where its ability to dissolve various organic compounds is highly valued. As demand for n-Butyllithium in hexane grows, the role of N-Hexane as a solvent becomes increasingly important, highlighting its indispensable contribution to the chemical synthesis processes.

Regionally, Asia Pacific is expected to witness the highest growth in the n-Butyllithium in hexane market. The regionÂ’s booming pharmaceutical, agrochemical, and polymer industries, coupled with economic growth and increasing investments in research and development, are significant drivers of this expansion. Countries like China, India, and Japan are leading the charge, with ChinaÂ’s large-scale manufacturing capabilities and IndiaÂ’s growing pharmaceutical sector playing pivotal roles. Additionally, favorable government policies and the presence of a substantial number of chemical manufacturing companies in the region are expected to augment market growth in Asia Pacific.

Application Analysis

The application segment of the n-Butyllithium in hexane market is diverse, with pharmaceuticals, agrochemicals, polymers, and others being the primary sub-segments. The pharmaceutical application is one of the most significant contributors to market growth. n-Butyllithium in hexane finds extensive use in the synthesis of various pharmaceutical compounds, including critical APIs, due to its strong nucleophilic properties. The rising incidence of chronic diseases and the demand for novel therapeutic solutions are driving pharmaceutical companies to invest heavily in research and development, thereby increasing the demand for key reagents like n-Butyllithium in hexane.

The global hexane market size was around USD 2.33 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 3.60% to reach nearly USD 3.32 Billion by 2034.