HOME Top Market Reports Heat Transfer Fluid Market by Type (Mineral oils, Silicone & Aromatics , and PAG & Glycol-based Fluids), Application (Oil & Gas, Chemical, Concentrated Solar Power, Manufacturing Process, Pharmaceuticals, Biodiesel Production, and Others), and Region - Global Trends & Forecasts to 2021

Heat Transfer Fluid Market by Type (Mineral oils, Silicone & Aromatics , and PAG & Glycol-based Fluids), Application (Oil & Gas, Chemical, Concentrated Solar Power, Manufacturing Process, Pharmaceuticals, Biodiesel Production, and Others), and Region - Global Trends & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: CH 2592

 

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The heat transfer fluid market is projected to reach USD 2.87 Billion by 2021, growing at a CAGR of 8.2% during the forecast period. The report segments the market by application into oil & gas, chemical industry, concentrated solar power, manufacturing processes, pharmaceuticals, and bio-diesel production; and by region into North America, Western Europe, Central & Eastern Europe, Asia-Pacific, Middle East & Africa, and Latin America. Base year considered for the study is 2015, while the forecast period is between 2016 and 2021. The market is driven by increasing energy demand, stringent environment regulations, and growth in the end-use industries.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the market, and estimate the size of various other dependent submarkets in the overall heat transfer fluids market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for technical, market-oriented, and commercial study of the heat transfer fluids market.

Heat Transfer Fluids Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain for the heat transfer fluid manufacturers begins with research & product development and ends at the end-use industries. Different types of heat transfer fluids are manufactured for various applications. They serve various end-use industries including oil & gas, chemical industry, concentrated solar power, manufacturing processes, pharmaceuticals, bio-diesel production, and others for an array of applications.

This study answers several questions for stakeholders, primarily which market segments to focus in the next two to five years for prioritizing efforts and investments. These stakeholders include heat transfer fluid manufacturers such as ExxonMobil Corporation (U.S)., The Dow Chemical Company (U.S.), BASF SE (Germany), Chevron Corporation (U.S), ConocoPhillips (U.S.), Indian Oil Corporation Ltd. (India), Hindustan Petroleum Corporation Ltd. (India), Bharat Petroleum Corporation Ltd. (India), Huntsman Corporation (U.S.), Global Heat Transfer (U.K.), and others.

Key Target Audience:

  • Manufacturers of heat transfer fluid
  • Traders, distributors, and heat transfer fluid suppliers
  • Regional manufacturer associations and general heat transfer fluid associations
  • Government and regional agencies and research organizations
  • Investment research firms

Scope of the Report:

This research report categorizes the heat transfer fluids market on the basis of type, application, and region

On the basis of Type:

  • Mineral Oils
  • Silicone and Aromatics
  • PAG and Glycol Based Fluids
  • Others

On the basis of Application:

  • Oil & Gas
  • Chemical Industry
  • Concentrated Solar Power
  • Manufacturing Processes
  • Pharmaceuticals
  • Bio-Diesel Production
  • Others

On the basis of Region:

  • North America
  • Western Europe
  • Central & Eastern Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

The market is further analyzed on the basis of key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the heat transfer fluids market, by type.

Company Information:

  • Detailed analysis and profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Secondary Data
           2.1.1 Data From Secondary Sources
    2.2 Primary Data
           2.2.1 Data From Primary Sources
                    2.2.1.1 Key Industry Insights
                    2.2.1.2 Breakdown of Primary Interviews
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Assumption

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Heat Transfer Fluids Market in Asia-Pacific
    4.2 U.S. Leads the Heat Transfer Fluids Market
    4.3 Heat Transfer Fluids Market Size, By Leading Country, 2016-2021 (Metric Ton)
    4.4 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Growth of Concentrated Solar Power Industry
                    5.3.1.2 Improved Performance Offered By Heat Transfer Fluids
                    5.3.1.3 Growing Technological Advancements in End-Use Industries
           5.3.2 Restraints
                    5.3.2.1 Volatility in Raw Material Price
           5.3.3 Opportunities
                    5.3.3.1 High Potential for Growth in Asia-Pacific
                    5.3.3.2 Growing Demand of Heat Exchangers
           5.3.4 Challenges
                    5.3.4.1 Toxicity and Corrosivity Concerns

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Raw Material Analysis
           6.3.1 Benzene
           6.3.2 Phenol
    6.4 Porter’s Five Forces Analysis
           6.4.1 Bargaining Power of Suppliers
           6.4.2 Bargaining Power of Buyers
           6.4.3 Threat of Substitutes
           6.4.4 Threat of New Entrants
           6.4.5 Intensity of Competitive Rivalry

7 Heat Transfer Fluids Market, By Type (Page No. - 50)
    7.1 Introduction
    7.2 Mineral Oils
    7.3 Silicone & Aromatics
    7.4 PAG & Glycol-Based Fluids
    7.5 Others

8 Heat Transfer Fluids Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Chemical Industry
    8.4 Concentrated Solar Power
    8.5 Manufacturing Process
    8.6 Pharmaceuticals
    8.7 Biodiesel Production
    8.8 Others

9 Heat Transfer Fluids Market, By Region (Page No. - 74)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Western Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 U.K.
    9.4 Central & Eastern Europe
           9.4.1 Russia
           9.4.2 Turkey
    9.5 Asia-Pacific
           9.5.1 China
           9.5.2 India
           9.5.3 Japan
           9.5.4 South Korea
           9.5.5 Thailand
           9.5.6 Malaysia
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 Iran
    9.7 Latin America
           9.7.1 Brazil

10 Competitive Landscape (Page No. - 140)
     10.1 Overview
     10.2 Market Ranking of Key Players
     10.3 Competitive Situation and Trends
     10.4 Competitive Benchmarking and Landscape
             10.4.1 New Product Launches
             10.4.2 Expansions
             10.4.3 New Technology Deveopments
             10.4.4 Agreements, 2012–2016

11 Company Profiles (Page No. - 148)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Exxon Mobil Corporation
     11.3 The DOW Chemical Company
     11.4 BASF SE
     11.5 Chevron Corporation
     11.6 Phillips 66
     11.7 Indian Oil Corporation Ltd.
     11.8 Hindustan Petroleum Corporation Ltd.
     11.9 Bharat Petroleum Corporation Ltd.
     11.10 Huntsman Corporation
     11.11 Global Heat Transfer
     11.12 Honeywell International Inc.
     11.13 Eastman Chemical Company
     11.14 Acota Ltd.
     11.15 Applied Thermal Control
     11.16 Paratherm Corporation.
     11.17 Petro-Canada

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 181)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (137 Tables)

Table 1 Heat Transfer Fluids Market, By Type
Table 2 Heat Transfer Fluids Market, By Application
Table 3 Heat Transfer Fluids Market, By Region
Table 4 North America Drives the Global Concentrated Solar Power Industry
Table 5 North America and Western Europe Drives the Heat Exchanger Market
Table 6 Benzene Bulk Price (USD/Kg), 2014-2021
Table 7 Phenol Bulk Price (USD/Kg), 2014-2021
Table 8 Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 9 Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 10 Mineral Oil Heat Transfer Fluids Market Size, By Region,  2014-2021 (USD Million)
Table 11 Mineral Oil Heat Transfer Fluids Market Size, By Region,  2014-2021 (Metric Ton)
Table 12 Silicone & Aromatics Heat Transfer Fluids Market Size, By Region,  2014-2021 (USD Million)
Table 13 Silicone & Aromatics Heat Transfer Fluids Market Size, By Region,  2014-2021 (Metric Ton)
Table 14 PAG & Glycol-Based Heat Transfer Fluids Market Size, By Region,  2014-2021 (USD Million)
Table 15 PAG & Glycol-Based Heat Transfer Fluids Market Size, By Region,  2014-2021 (Metric Ton)
Table 16 Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 17 Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 18 Heat Transfer Fluids Market Size in Oil & Gas Application,  2014-2021 (Metric Ton)
Table 19 Heat Transfer Fluids Market Size in Chemical Industry Application,  2014-2021 (Metric Ton)
Table 20 Heat Transfer Fluids Market Size in Concentrated Solar Power Application, 2014-2021 (USD Million)
Table 21 Heat Transfer Fluids Market Size in Concentrated Solar Power Application, 2014-2021 (Metric Ton)
Table 22 Heat Transfer Fluids Market Size in Manufacturing Process Application, 2014-2021 (USD Million)
Table 23 Heat Transfer Fluids Market Size in Manufacturing Process Application, 2014-2021 (Metric Ton)
Table 24 Heat Transfer Fluids Market Size in Pharmaceuticals Application,  2014-2021 (USD Million)
Table 25 Heat Transfer Fluids Market Size in Pharmaceuticals Application,  2014-2021 (Metric Ton)
Table 26 Heat Transfer Fluids Market Size in Biodiesel Production Application,  2014-2021 (USD Million)
Table 27 Heat Transfer Fluids Market Size in Biodiesel Production Application,  2014-2021 (Metric Ton)
Table 28 Heat Transfer Fluids Market Size, By Region, 2014-2021 (USD Million)
Table 29 Heat Transfer Fluids Market Size, By Region, 2014-2021 (Metric Ton)
Table 30 North America: Heat Transfer Fluids Market Size, By Country,  2014-2021 (USD Million)
Table 31 North America: Heat Transfer Fluids Market Size, By Country,  2014-2021 (Metric Ton)
Table 32 North America: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 33 North America: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 34 North America: Heat Transfer Fluids Market Size, By Type,  2014-2021 (USD Million)
Table 35 North America: Heat Transfer Fluids Market Size, By Type,  2014-2021 (Metric Ton)
Table 36 U.S.: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 37 U.S.: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 38 U.S.: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 39 U.S.: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 40 Canada: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 41 Canada: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 42 Canada: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 43 Canada: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 44 Western Europe: Heat Transfer Fluids Market Size, By Country,  2014-2021 (USD Million)
Table 45 Western Europe: Heat Transfer Fluids Market Size, By Country,  2014-2021 (Metric Ton)
Table 46 Western Europe: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 47 Western Europe: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 48 Western Europe: Heat Transfer Fluids Market Size, By Type,  2014-2021 (USD Million)
Table 49 Western Europe: Heat Transfer Fluids Market Size, By Type,  2014-2021 (Metric Ton)
Table 50 Germany: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 51 Germany: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 52 Germany: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 53 Germany: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 54 France: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 55 France: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 56 France: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 57 France: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 58 Italy: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 59 Italy: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 60 Italy: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 61 Italy: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 62 U.K.: Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 63 U.K.: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 64 U.K.: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 65 U.K.: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 66 Central & Eastern Europe: Heat Transfer Fluids Market Size, By Country, 2014-2021 (USD Million)
Table 67 Central & Eastern Europe: Heat Transfer Fluids Market Size, By Country, 2014-2021 (Metric Ton)
Table 68 Central & Eastern Europe: Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 69 Central & Eastern Europe: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 70 Central & Eastern Europe: Heat Transfer Fluids Market Size, By Type,  2014-2021 (USD Million)
Table 71 Central & Eastern Europe: Heat Transfer Fluids Market Size, By Type,  2014-2021 (Metric Ton)
Table 72 Russia: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 73 Russia: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 74 Russia: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 75 Russia: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 76 Turkey: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 77 Turkey: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 78 Turkey: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 79 Turkey: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 80 Asia-Pacific: Heat Transfer Fluids Market Size, By Country,  2014-2021 (USD Million)
Table 81 Asia-Pacific: Heat Transfer Fluids Market Size, By Country,  2014-2021 (Metric Ton)
Table 82 Asia-Pacific: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 83 Asia-Pacific: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 84 Asia-Pacific: Heat Transfer Fluids Market Size, By Type,  2014-2021 (USD Million)
Table 85 Asia-Pacific: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 86 China: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 87 China: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 88 China: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 89 China: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 90 India: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 91 India: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 92 India: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 93 India: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 94 Japan: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 95 Japan: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 96 Japan: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 97 Japan: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 98 South Korea: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 99 South Korea: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 100 South Korea: Heat Transfer Fluids Market Size, By Type,  2014-2021 (USD Million)
Table 101 South Korea: Heat Transfer Fluids Market Size, By Type,  2014-2021 (Metric Ton)
Table 102 Thailand: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 103 Thailand: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 104 Thailand: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 105 Thailand: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 106 Malaysia: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 107 Malaysia: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 108 Malaysia: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 109 Malaysia: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 110 Middle East & Africa: Heat Transfer Fluids Market Size, By Country,  2014-2021 (USD Million)
Table 111 Middle East & Africa: Heat Transfer Fluids Market Size, By Country,  2014-2021 (Metric Ton)
Table 112 Middle East & Africa: Heat Transfer Fluids Market Size, By Application,  2014-2021 (USD Million)
Table 113 Middle East & Africa: Heat Transfer Fluids Market Size, By Application,  2014-2021 (Metric Ton)
Table 114 Middle East & Africa: Heat Transfer Fluids Market Size, By Type,  2014-2021 (USD Million)
Table 115 Middle East and Africa: Heat Transfer Fluids Market Size, By Type,  2014-2021 (Metric Ton)
Table 116 Saudi Arabia: Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 117 Saudi Arabia: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 118 Saudi Arabia: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 119 Saudi Arabia: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 120 Iran: Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 121 Iran: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 122 Iran: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 123 Iran: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 124 Latin America: Heat Transfer Fluids Market Size, By Country, 2014-2021 (USD Million)
Table 125 Latin America: Heat Transfer Fluids Market Size, By Country, 2014-2021 (Metric Ton)
Table 126 Latin America: Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 127 Latin America: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 128 Latin America: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 129 Latin America: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 130 Brazil: Heat Transfer Fluids Market Size, By Application, 2014-2021 (USD Million)
Table 131 Brazil: Heat Transfer Fluids Market Size, By Application, 2014-2021 (Metric Ton)
Table 132 Brazil: Heat Transfer Fluids Market Size, By Type, 2014-2021 (USD Million)
Table 133 Brazil: Heat Transfer Fluids Market Size, By Type, 2014-2021 (Metric Ton)
Table 134 New Product Launches, 2012–2015
Table 135 Expansions, 2012–2016
Table 136 New Technology Develpoments, 2012–2014
Table 137 Agreements, 2012–2016


List of Figures (58 Figures)

Figure 1 Heat Transfer Fluids Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Silicone & Aromatics to Be the Fastest-Growing Type in the Heat Transfer Fluids Market During the Forecast Period
Figure 7 Oil & Gas Application Will Continue to Dominate the Heat Transfer Fluids Market During the Forecast Period
Figure 8 CSP is the Most Lucrative Application in the Heat Transfer Fluids Market in 2015
Figure 9 Asia-Pacific is the Fastest-Growing Heat Transfer Fluids Market
Figure 10 Opportunities in Heat Transfer Fluids Market (2016-2021)
Figure 11 Oil & Gas Accounted for the Largest Share in 2015
Figure 12 Mineral Oil Accounted for the Largest Share in Asia-Pacific, 2015
Figure 13 China and U.S. Accounted for the Largest Share in the Heat Transfer Fluids Market in 2015
Figure 14 India is the Fastest Growing Market for Heat Transfer Fluids, 2016-2021
Figure 15 Heat Transfer Fluids Market in Asia-Pacific and North America to Witness High Growth During the Forecast Period
Figure 16 Increasing Growth of CSP Industry and Growing Urbanization in Emerging Economies Drives the Heat Transfer Fluids Market
Figure 17 Value Chain Analysis: Heat Transfer Fluids Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 PAG & Glycol-Based Fluids is Projected to Account for the Largest Market Share By Value, By 2021
Figure 20 Asia-Pacific to Dominate the Mineral Oil Heat Transfer Fluids Market, 2016-2021 (USD Million)
Figure 21 North America is Projected to Be the Fastest-Growing Silicone & Aromatics Heat Transfer Fluids Market, 2016-2021 (USD Million)
Figure 22 North America is Projected to Be the Fastest-Growing Market for PAG & Glycol-Based Fluids, 2016-2021
Figure 23 Concentrated Solar Power Application is Projected to Register the Highest CAGR in Terms of Value, 2016-2021
Figure 24 North America is Projected to Account for the Largest Share in Oil & Gas Application, in Terms of Value, 2016-2021
Figure 25 Heat Transfer Fluids Market Size in Oil & Gas Application, 2014-2021 (USD Million)
Figure 26 Western Europe is Projected to Be the Second Fastest-Growing Market in Chemical Industry Application, in Terms of Value, By 2021
Figure 27 Heat Transfer Fluids Market Size in Chemical Industry, 2014-2021 (USD Million)
Figure 28 Asia-Pacific is Projected to Account for the Largest Market Share in Concentrated Solar Power Application in Terms of Value By 2021
Figure 29 North America is Projected to Be the Fastest-Growing Market in Manufacturing Process Application, in Terms of Value, 2016-2021
Figure 30 North America is Projected to Account for the Largest Market Share in Pharmaceuticals Application By 2021
Figure 31 Western Europe is Projected to the Second Fastest-Growing Market in Biodiesel Production Application, in Terms of Value, By 2021
Figure 32 U.S., Canada, Germany, France, and India are the Emerging Markets
Figure 33 Canada is Projected to Be the Fastest-Growing Market in North America, 2016-2021
Figure 34 U.S. Leads the Heat Transfer Fluids Market in North America
Figure 35 China, Japan, and India are the Most Lucrative Markets in Asia-Pacific
Figure 36 China Was the Major Market for Heat Transfer Fluids in Asia-Pacific in 2015
Figure 37 Companies Adopted Expansions as the Key Growth Strategy During the Forecast Period
Figure 38 Type Mapping of Leading Market Players
Figure 39 Strategies Followed By Market Players Between 2012 and 2016
Figure 40 Expansions and New Product Launches: the Most Preffered Strategies Adopted By Companies Between 2012 and 2016
Figure 41 Battle for Market Share: Expansions and New Product Launches Were the Key Strategies, 2012–2016
Figure 42 Regional Revenue Mix of Major Market Players
Figure 43 Exxon Mobil Corporation: Company Snapshot
Figure 44 Exxon Mobil Corporation: SWOT Analysis
Figure 45 The DOW Chemical Company: Company Snapshot
Figure 46 The DOW Chemical Company: SWOT Analysis
Figure 47 BASF SE: Company Snapshot
Figure 48 BASF SE: SWOT Analysis
Figure 49 Chevron Corporation: Company Snapshot
Figure 50 Chevron Corporation: SWOT Analysis
Figure 51 Phillips 66: Company Snapshot
Figure 52 Phillips 66: SWOT Analysis
Figure 53 Indian Oil Corporation Ltd.: Company Snapshot
Figure 54 Hindustan Petroleum Corporation Ltd.: Company Snapshot
Figure 55 Bharat Petroleum Corporation Ltd.: Company Snapshot
Figure 56 Huntsman Corporation: Company Snapshot
Figure 57 Marketsandmarkets Knowledge Store Snapshot
Figure 58 Marketsandmarkets Knowledge Store: Chemical and Material Snapshot

The heat transfer fluids market is estimated to reach USD 2.87 Billion by 2021, growing at a CAGR of 8.2% for the forecast period of 2016 to 2021. The market is driven by increasing stringent environment regulations, rise in oil & gas production, chemical industry developments, and technological advances. The rising demand and driving factor for heat transfer fluids market is mainly due to its superior properties and cost savings in heat transfer operations when compared to other heating sources such as electric, steam, and so on. The heat transfer fluids are used in various applications, such as oil & gas, chemical, concentrated solar power, manufacturing processes, pharmaceuticals, bio-diesel production, and others. In 2015, the oil & gas application is estimated to account for the largest market share among all the applications, in terms of value, followed by chemical industry, manufacturing process, concentrated solar power, pharmaceuticlas, bio-diesel production, and others. The concentrated solar power application is estimated to register the highest CAGR between 2016 and 2021 among all the applications.

The heat transfer fluids are segmented into various types such as mineral oils, silicone and aromatics, PAG and glycol based fluids, and others. In 2015, the mineral oils heat transfer fluid is estimated to account for the largest market share among all the types, in terms of volume. The silicone and aromatics type is projected to register the fastest-growth in the heat transfer fluids market between 2016 and 2021 due to its technical advantages over the other heat transfer fluids.

Asia-Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and Latin America are considered as main regions for the heat transfer fluids market in the report. Asia-Pacific dominates the heat transfer fluids market owing to increased demand from the chemical industry application segment. Rising demand for energy, industrialization, and growing concerns related to waste heat recovery have significantly increased the growth of the region’s process industry, which has consequently triggered the demand for heat transfer fluids. Chemical industry and oil & gas are the top two applications contributing to the growing demand for heat transfer fluids in Asia-Pacific. North America is the second largest market for heat transfer fluids globally. The mature market of Europe is also projected to inhibit the growth to some extent.

Heat Transfer Fluids Market

The fluctuation in raw material prices is the major restraint for the growth of heat transfer fluids market.

The global heat transfer fluids market is dominated by certain global players such as The Dow Chemical Company (U.S.), BASF SE (Germany), and ExxonMobil Corporation (U.S.). The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are the factors that are responsible for strengthening the market position of these companies in heat transfer fluids market. They have been adopting various organic and inorganic growth strategies such as expansions, new technology developments, and new product launches to enhance their current market shares. This is expected to help the heat transfer fluids market evolve in more application segments and help expand their market shares.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Consult Problem Statement :

MnM’s client who is is a 100% Saudi Arabian venture and a new entrant into the Trading and Distribution of Petro chemicals in the Middle East was interested in project involving “Assessment of Heat Transfer Fluid market in GCC and MENA regions”. The key objective for the study involved:

  1. Market size (current and forecast till 2020) of heat transfer fluids segmented by fluid types, end-user segments and target countries, value chain analysis and drivers & challenges
  2. Major suppliers of heat transfer fluids in the target countries segmented by fluid types, market share of these major suppliers in each product category and other relevant details
  3. Major consumers of heat transfer fluids in the target countries segmented by various end-user segments, market share of these major consumers in each end-user segment and other relevant details
  4. Mapping of LANXESS Diphyl® with types of heat transfer fluids, competing products, advantages and disadvantages, potential assessment and other relevant details to take a Go No-Go decision

Solution Provided:
  1. Methodology Adopted by MnM : MnM carried out a detailed search of the public domain an....
  1. Methodology Adopted by MnM : MnM carried out a detailed search of the public domain and its own proprietary & non-proprietary database on heat transfer fluids market in GCC and MENA region to orient the project, develop the industry structure including, manufacturers/suppliers, distributors, customers, associations, regulatory authorities and allied stakeholders. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi-structured Discussion Guide to understand and provide the in-depth analysis of the market. These interviews were used to draw out information such as major customers, end user industry demand, customers’ activity, trends, future growth, etc.
  2. Actual Solution Provided: - Through the detailed outcome of the study, we provided inputs on-

    Market size (current and forecasts) of the heat transfer fluids by fluid types, end-user segments and target countries (KSA, Kuwait, Qatar, UAE, Bahrain, Oman, Egypt, Jordan). Market share of suppliers and consumers of heat transfer fluids segmented by fluid types and end-user segments respectively were delivered to the client. LANXESS Diphyl® was mapped with other HTF products manufactured globally, to get the detailed knowledge of the product and its properties. Supply chain analysis of the HTF industry, competitors’ analysis, benchmarking on the basis of fluid type and applications.

Value Delivered:

MnM’s client was able to understand the current scenario of the HTF market in GCC and MENA region for the select countries. The market forecasts were also provided to focus client’s attention to the high growth segments by country, by HTF type and by end-use industry segment. Comparative analysis of LANXESS Diphyl® with competing products present in the market, their advantages and disadvantages and potential of Diphyl was done for the client to capture the market share for distribution of LANXESS Diphyl HTF. The gathered information related to heat transfer fluids market, was useful for the client to pursue potential collaboration opportunities with suppliers.

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