• ianbel78 posted an update 2 years, 8 months ago

    The global Hexane Market is projected to register a CAGR of over 3.5% during the forecast period (2021-2026). The market was negatively impacted by COVID-19 in 2020. The declining automotive industry, along with a temporary hold on automotive manufacturing and construction activities due to the government-imposed lockdown during the pandemic period, created a demand drop for the solvents used in the formulation of adhesives, paints, and coatings, which negatively impacted the demand for the hexane market. However, sales for edible oil are recovering fast and are estimated to reach pre-COVID levels in the future, which are likely to stimulate the demand for edible oil extractants and hexane.