N-Hexane Prices

N-Hexane Prices December 2023

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.

The price trend for n-hexane in China for Q4 2023 reached 1910 USD/MT. The n-hexane market in China during Q4FY23 saw a positive trend, owing to strong demand from the automotive industry, especially in paint and coatings. The market also felt the impact of supply chain disruptions, including a significant halt in operations by a major USA solvent supplier, which tightened global supply and further elevated prices in the region.

In Germany, the price trend for n-hexane reached 1284 USD/MT in Q4 2023. In Q4FY23, Germany's n-hexane market experienced mixed trends. Initially, prices rose due to cost pressures and steady procurement, but by December, they declined. This downturn was influenced by lower natural gas prices and a decrease in food prices, especially in the vegetable oil industry, where n-hexane is widely used.

N-Hexane Price Trend, Market Analysis, and News

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.

It encompasses an in-depth review of spot price of n-hexane at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of n-hexane price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing n-hexane price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

N-Hexane Market Analysis

The global n-hexane market size reached US$ 2,640.1 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 3,493 Million, at a projected CAGR of 3.10% during 2023-2032.

• The growing use of n-hexane as a cleaning agent and solvent in the pharmaceutical industry is offering a favorable market outlook. It is used in the production of several drugs, such as active pharmaceutical ingredients (APIs) and excipients, within the pharmaceutical industry. In 2023, the size of the worldwide active pharmaceutical ingredients (API) market hit US$ 234.7 Billion. In the future, IMARC Group anticipates that the market will achieve a value of US$ 357.0 Billion by 2032, showing a growth rate (CAGR) of 4.6% from 2024 to 2032. The rising demand for dependable and efficient solvents like n-hexane is highlighted by the growth of the pharmaceutical industry, driven by the high healthcare costs, the presence of chronic illnesses, and the focus on effective medications. Additionally, it is also used in the purification and extraction of vitamins and other crucial pharmaceutical compounds. The strict rules for product purity in pharmaceutical manufacturing require solvents that can meet high cleanliness and effectiveness standards, making n-hexane a top choice despite increasing concerns about solvent safety and environmental effects.
• The US Census Bureau projected that the population of individuals aged 65 and above will grow by 47%, reaching 82 million by 2050 from 58 million in 2022. It was also forecasted that the proportion of individuals in this age group as part of the total population will increase from 17% to 23%. The rise in the number of elderly individuals is leading to a greater need for medications and healthcare products to deal with age-related ailments. N-hexane is essential in the pharmaceutical industry for extracting and purifying API as a solvent. Its crucial role in maintaining the purity of these substances is essential for creating dependable and secure medicines crucial for managing chronic illnesses prevalent among the elderly, like heart disease and diabetes.
• N-hexane is commonly selected for its effectiveness in extracting oils from seeds and vegetables without causing notable harm to the overall quality of the end product. This solvent is highly efficient for sunflower, soybean, and palm oils, which are essential in diets worldwide. The increasing global population is also driving the demand for cooking oils, leading to a greater requirement for n-hexane. As per the 2023 World Population Data Sheet, the global population exceeded 8 billion in 2023 and is projected to approach 9.8 billion by 2050.
• N-hexane is used in the manufacturing of rubber cement and different types of adhesives. It is highly valued in sectors that need tough, long-lasting bonds, like the automotive and construction industries.

N-Hexane News

The report covers the latest developments, updates, and trends impacting the global n-hexane market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in n-hexane production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the n-hexane price trend.

Product Description

N-hexane is a clear, volatile liquid with a slightly unpleasant smell, mainly recognized for being found in gasoline. It is extracted in industrial settings by distilling petroleum, particularly from the portion that evaporates within a specific temperature range. It is cheap to manufacture and use, making it a budget-friendly option for numerous industrial uses. It can efficiently dissolve and remove non-polar substances without tainting or changing them, which is highly valuable.

N-hexane is essential in sectors such as food production and manufacturing, playing a vital role in economic activities. It is employed in oil extraction procedures to increase oil production, which is essential for fulfilling worldwide food oil needs. Additionally, in labs and pharmaceutical sectors, the accurate use of dissolving and isolating is crucial for advancing different scientific and medical breakthroughs.

Regional Coverage

The report provides a detailed analysis of the n-hexane market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the n-hexane price trend.

Global N-Hexane Price

The report offers a holistic view of the global n-hexane pricing trends in the form of n-hexane price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into n-hexane historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into n-hexane price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed n-hexane demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe N-Hexane Price

The market witnessed fluctuating trends, which included a sharp increase in prices, supported by strong cost pressures. Nonetheless, the latter part of the quarter saw a notable decline, particularly in December, driven by factors like lower natural gas prices and reduced downstream demand. The mild weather across Europe, despite a cold snap, contributed to lowered gas consumption, impacting the overall demand for n-hexane. Additionally, the decline in food prices, especially in the vegetable oil sector where n-hexane is used as a solvent, further pressured the market, highlighting the intricate factors at play.

This analysis can be extended to include detailed n-hexane price information for a comprehensive list of countries.

North America N-Hexane Price

The market displayed varied trends in the US, which included a noticeable rise in prices, supported by strong cost factors and consistent domestic demand. Nonetheless, as the months progressed, the market faced a downturn, particularly in December. This decline was because of a reduction in prices of the natural gas and diminished application in downstream industries. The mild weather conditions resulted in a decreased consumption of gas for heating and reduced activity from energy-intensive sectors, contributing to a weaker market for n-hexane. Additionally, the global drop in food prices, especially in the vegetable oil sector where n-hexane is commonly used as a solvent, further impacted the demand.

Specific n-hexane historical data within the United States and Canada can also be provided.

Middle East and Africa N-Hexane Price

The report explores the n-hexane pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on n-hexane prices for countries can also be provided.

Asia Pacific N-Hexane Price

The market in the Asia Pacific region experienced a consistent upward trajectory. The initial month saw stable growth, buoyed by adequate stock availability. As the quarter advanced, prices surged, owing to robust demand from the paint and coatings industry. The rise in automobile production and the increasing popularity of new energy vehicles significantly bolstered the market. Moreover, global supply chain disruptions, including the unexpected halt in operations by a major USA-based solvent supplier, further tightened supply and fueled the price increase. The n-hexane market in this region thus reflects the dynamic interplay of regional demand and global supply challenges.

This n-hexane price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America N-Hexane Price

The analysis of n-hexane prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of n-hexane pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting n-hexane price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The n-hexane price charts ensure our clients remain at the forefront of the industry.