HOME Press Releases Heat Transfer Fluids Market worth 3.64 Billion USD by 2022



Heat Transfer Fluids Market worth 3.64 Billion USD by 2022


The report "Heat Transfer Fluids Market by Type (Mineral Oils, Silicones & Aromatics, and Glycols), End-use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, and Food & Beverage), and Region - Global Forecast to 2022", The heat transfer fluids market is projected to reach USD 3.64 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Growing demand for heat transfer fluids in the construction industry is driving the heat transfer fluids market. The growing demand for energy and rising need to optimize energy to reduce operating costs has resulted in high demand for heat transfer fluids.

                           Request Sample          Request Sample         download pdf

Browse 76 Market Data Tables and 32 Figures spread through 138 Pages and in-depth TOC on "Heat Transfer Fluids Market by Type (Mineral Oils, Silicones & Aromatics, and Glycols), End-use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, and Food & Beverage), and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/thermic-fluid-market-861.html
Early buyers will receive 10% customization on reports.

Among types, silicones & aromatics led the heat transfer fluids market in 2016

Silicones & aromatics is the largest by type heat transfer fluids market in terms of value owing to high demand in end-use industries such as oil & gas, chemical processing, and automotive. Moreover, these fluids are designed to operate at very high temperatures and possess consistent molecular structure & strong bonding strength and high thermal stability.  Hence, these excellent properties of silicones & aromatics over other heat transfer fluids are leading to their preference by the pharmaceutical, renewable energy, chemical processing end-use industries.

Among end-use industries, the chemical processing segment is expected to lead the heat transfer fluids market during the forecast period

The chemical processing end-use industry is the largest segment owing to the high demand for heat transfer fluids in high temperature applications. Growing industries, such as automotive and food & beverage, among others, are leading to the surge in chemical production, and in turn, are driving the heat transfer fluids market. Thus, due to growing industrialization and need for energy optimization especially in plastic processing, the heat transfer fluids market has high growth prospects.

The Asia Pacific heat transfer fluids market is projected to grow at the highest CAGR during the forecast period

Asia Pacific is the largest and the fastest-growing market for heat transfer fluids. It is also a major market for chemical processing and oil & gas globally. Countries in the Asia Pacific are expanding their production capacities and investing in new projects to decrease dependence on imports and thereby boosting regional energy security and autonomy. Growing economies, increasing population, and standards of living are driving the market for the oil & gas, automotive, and chemical processing industries in the region.

Key Players in the Heat Transfer Fluids Market

The key players operating in the heat transfer fluids market are Dow (US), Eastman (US), Exxon Mobil (US), Chevron (US), Paratherm (US), BASF (Germany), Lanxess (Germany), Huntsman (US), and Global Heat Transfer (UK). These companies undertake dynamic business strategies that propel the growth of the heat transfer fluids market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports