Hexane Market Production, Size, Key Trends Challenges, Top Key Players and Forecast to 2027
Hexane Market: Key Highlights · Global demand for hexane has increased considerably over the last few years. This trend is expected to continue during the forecast period owing to the rise in demand for edible oil. Hexane is used as solvent in the extraction of edible oil from seeds and vegetable crops such as soybean, groundnut, corn, palm, and rapeseed. It helps remove unfavorable taste from oil and obtain higher yield. · India is the second-largest consumer of vegetable oil in the world. The per capita vegetable oil consumption in India has been rising at a rate of ~3% p.a. and is expected to reach up to 15 kilo grams by 2028 . Growth in the consumption of vegetable oil is driving oil production in the country. · In terms of demand, Asia Pacific led the global hexane market in 20...