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Wilmington, Delaware, United States, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Firms in the hexane market are capturing sizable revenues from the increasing commercialization of polymer-grade hexane, notably for the preparation of adhesives, and printing inks and coatings. Vast growth avenues also pivot on rising use of commercial-grade hexane as solvent in various extraction processes. The size of the hexane market was pegged at US$ 1.9 Bn in 2021.
A scrutiny of the emerging trends of the hexane market underscores the fact that both companies with local presence and global players need to focus on marketing strategies underlying price-competitive products. To this end, they are leaning on advanced production technologies and improving production processes so as to reduce the costs.
Expansion of the food retail chains in conjunction with rising standards of living in developing regions of the world has offered a robust impetus to the sales of edible oil. This has spurred the demand for hexane for oil extraction processes. Growing use of hexane as a specialty solvent in industrial applications is broadening the hexane market outlook.
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Key Findings of Hexane Market Study
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Hexane Market: Regional Growth Dynamics
The TMR study found that owing to presence of relatively few players hold the majority of the stakes in the global hexane market makes the competition landscape increasing consolidated.
Some of the key players in the market are Liaoning Yufeng Chemical Co., Ltd, Junyuan Petroleum Group, Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., Petroleo Brasileiro SA, Rompetrol Rafinare, Sumitomo Chemical Co. Ltd., Phillips 66, and Royal Dutch Shell plc.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: sales@transparencymarketresearch.com
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