India n-Hexane Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Application, Sales Channel, Region, Competition, Trade, Market Analysis, 2030

[Online Quarterly Update]n-Hexane demand in India grew at a CAGR of 8.5% during 2013-2020 and is anticipated to achieve a healthy growth rate during the forecast period. Growing demand for effective and healthier edible oil in the households is the major factor for the growth of n-Hexane market. Major application of n-Hexane is in the extraction of different types of edible oils and vegetable oils like sunflower oil, palm oil and others. With rising urbanization and increasing per capita income, awareness about the use of healthier edible oils for better health has been a significant factor affecting the growth of n-Hexane market. Another application of n-Hexane is in Pharmaceutical and Drug Industry where it is used for creating molds that are further used to produce drugs shapes. n-Hexane has replaced the use of other alternative solvent because it is non-toxic and does not emit any kind of harmful chemicals or residue. Need for healthier lifestyle amongst people of all age groups is another major growth factor identified for consistent surge in demand for n-Hexane in the domestic market. n-Hexane has the advantage of being cost effective and recyclable due to which it has been able to replace the use of other solvents in the manufacturing of paper, rubber and leather industries. Additionally, n-Hexane can be used as a laboratory reagent in pharmaceutical industries due to its excellent degreasing properties. These factors are expected to drive the growth of n-Hexane in the domestic market during the forecast period.