| Product Code: ETC4486705 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, India saw significant hexane import shipments from top exporters including the USA, Singapore, Thailand, Iran, and China. The market continues to be highly concentrated, with a very high Herfindahl-Hirschman Index (HHI) reflecting a dominant market structure. Despite a modest Compound Annual Growth Rate (CAGR) of 1.6% from 2020 to 2024, the recent growth rate of -19.86% in 2023-24 indicates a temporary decline in demand. Overall, the Indian hexane import market remains dynamic with key players driving trade patterns and influencing market trends.

Hexane, a chemical solvent, is essential in various industrial processes. The India hexane market is driven by the demand in sectors like pharmaceuticals, food processing, and oil extraction. It plays a vital role in extraction processes, such as vegetable oil production and the pharmaceutical industry.
The India hexane market is driven by its applications in various industries, including pharmaceuticals, food, and chemicals. Hexane is commonly used as a solvent and an extraction agent. The growth of these industries, coupled with an expanding population and increasing consumer demand, fuels the demand for hexane. Additionally, the agrochemical sector relies on hexane for the extraction of edible oils from seeds, which is integral to the food industry. As the food and pharmaceutical industries continue to expand, the hexane market in India is expected to grow accordingly.
The India hexane market faces challenges related to environmental concerns and regulations. Hexane is a volatile organic compound that can contribute to air pollution and has adverse health effects. Stringent regulations on emissions and workplace safety require manufacturers to invest in expensive pollution control and safety measures. Moreover, the market is sensitive to fluctuations in crude oil prices since hexane is derived from petroleum, which can affect production costs and pricing stability.
The India hexane market, primarily used in the extraction of edible oils and as a solvent, felt the repercussions of the pandemic. With restrictions on movement and trade disruptions, the supply chain for hexane was affected, causing fluctuations in prices. Additionally, the food processing industry, a major consumer of hexane, experienced a decline in production and demand as a result of workforce limitations and changing consumer behavior. The market also witnessed shifts in demand as the pharmaceutical and cosmetics sectors faced varying challenges during the pandemic. As the situation stabilizes, the hexane market is expected to rebound, driven by the recovery of the food and agro-processing industries.
In the hexane market, key players in India encompass companies such as ExxonMobil, Royal Dutch Shell, Bharat Petroleum, Hindustan Petroleum, and Reliance Industries. These companies are involved in the production and distribution of hexane, primarily used as a solvent in various industrial applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Hexane Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Hexane Market Revenues & Volume, 2021 & 2031F |
3.3 India Hexane Market - Industry Life Cycle |
3.4 India Hexane Market - Porter's Five Forces |
3.5 India Hexane Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 India Hexane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Hexane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the pharmaceutical industry for the production of APIs and other pharmaceutical products. |
4.2.2 Increasing adoption of hexane in the food processing industry for extracting oils from seeds and vegetables. |
4.2.3 Expansion of the agrochemical sector leading to higher usage of hexane in pesticide formulation. |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in hexane production impacting the overall cost structure. |
4.3.2 Environmental concerns and regulations related to the use and disposal of hexane in various industries. |
5 India Hexane Market Trends |
6 India Hexane Market, By Types |
6.1 India Hexane Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 India Hexane Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 India Hexane Market Revenues & Volume, By Oil Extraction/Food, 2021-2031F |
6.1.4 India Hexane Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.1.5 India Hexane Market Revenues & Volume, By Industrial, 2021-2031F |
6.2 India Hexane Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Hexane Market Revenues & Volume, By Oil Extraction, 2021-2031F |
6.2.3 India Hexane Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 India Hexane Market Revenues & Volume, By Industrial Cleaning , 2021-2031F |
6.2.5 India Hexane Market Revenues & Volume, By Degreasing, 2021-2031F |
6.2.6 India Hexane Market Revenues & Volume, By Polymerization, 2021-2031F |
7 India Hexane Market Import-Export Trade Statistics |
7.1 India Hexane Market Export to Major Countries |
7.2 India Hexane Market Imports from Major Countries |
8 India Hexane Market Key Performance Indicators |
8.1 Average selling price of hexane in the Indian market. |
8.2 Percentage of hexane usage in the pharmaceutical industry compared to other solvents. |
8.3 Number of new applications or industries adopting hexane as a solvent. |
9 India Hexane Market - Opportunity Assessment |
9.1 India Hexane Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 India Hexane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Hexane Market - Competitive Landscape |
10.1 India Hexane Market Revenue Share, By Companies, 2024 |
10.2 India Hexane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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