Report segments Global Heat Transfer Fluids Market based on Type (Mineral Oils, Silicones & Aromatics, Glycols), End-Use industries (Oil & gas, Chemicals & Processing, Renewable energy, Pharmaceuticals, Food & Beverage, Automotive).
Global Heat Transfer Fluids Market Highlights:
Heat Transfer Fluids Market by Investments, Merger, Acquisitions, Leading Players, And Key Country Forecast To 2023. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and Rest of the World.
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Leading Players Studied In Report are:
DOW (U.S), Exxonmobil (U.S), Chevron (U.S), Paratherm (U.S), BASF (Germany), Lanxess (Germany), Huntsman Corporation (U.S), and Global Heat Transfer Ltd. (Canada). Royal Dutch Shell plc (Netherlands), Phillips 66 (U.S), Arkema (France), Schultz Canada Chemicals Ltd. (Canada), and Radco Industries (U.S) are among others.
The market is majorly driven by the increasing development in emerging countries especially in Asia Pacific region, where there is an increase in chemical processing, automotive manufacturing and renewable energy-based energy generation. Also, there is an increased need to maintain temperatures in end-use industries, which can result in enhanced process effectiveness and reduced operating costs.
Also, there has been rapid industrialization in major countries, specifically in the manufacturing sector such as chemical, automotive, oil and gas, and metal processing segments. In addition to this, low cost for raw material and transportation is also driving the growth of the global Heat Transfer Fluids market. Additionally, the low price of maintenance is also one of the main reasons that are boosting the global Heat Transfer Fluids market. Moreover, considerable opportunities in the job are also lending a helping hand in the growth of the global Heat Transfer Fluids market.
The market is restrained by stringent regulations surrounding the Heat Transfer Fluids as there are severe environmental and safety concerns. The global Heat Transfer Fluids market is segmented on the basis of type and by end-use industries.
The global Heat Transfer Fluids market is segmented on the basis of type and by end-use industries.
Based on type, the market is classified as mineral oils, silicones and aromatics, glycols and nanofluids. Mineral oils are increasingly being used in manufacturing processes, pharmaceutical & chemicals, refrigeration, CSP generation and geothermal energy applications. This is expected to drive the demand for mineral oil type of Heat Transfer Fluids. On the other hand, silicone & aromatics types demand will be driven by extensive use in industries where there are very high temperatures such as chemical and plastic processing.
Based on application, the Heat Transfer Fluids market is segmented as oil & gas, chemicals & processing, renewable energy, pharmaceuticals, food and beverage and automotive applications. The market for Heat Transfer Fluids is expected to rise with increasing oil and gas operations in onshore and offshore production processes across North America and Europe. The chemical & processing applications are also expected to contribute to the Heat Transfer Fluids market as energy recovery and heat recovery plays an increasing role in the chemical industry operations. Furthermore, in renewable energy applications, Heat Transfer Fluids are driven by the increasing installations of solar thermal energy systems and solar power plants such as CSP plants.
The market of Heat Transfer Fluids has covered the regions of North America, Europe, Asia Pacific, Middle East & Africa.
Amongst these, the Asia Pacific region is witnessing increasing installations of solar power projects such as CSP. Also, there has been rising chemical and processing industry in Asia-Pacific, which is leading the market with positive pull. The continuous proliferation of population in Asia Pacific with demand for energy from renewable energy sources is making the Heat Transfer Fluids market to rise at a higher CAGR in recent times.
Next comes the North America region where the chemical and processing sector is contributing to the growth of the Heat Transfer Fluids market in substantial ways.
List Of Tables:
Table 1 Global Heat Transfer Fluids Market: By Region, 2017-2023
Table 2 North America Heat Transfer Fluids Market: By Country, 2017-2023
Table 3 Europe Heat Transfer Fluids Market: By Country, 2017-2023
Table 4 Asia-Pacific Heat Transfer Fluids Market: By Country, 2017-2023
Table 5 RoW Heat Transfer Fluids Market: By Country, 2017-2023
Table 6 Global Heat Transfer Fluids Market, By Type, By Regions, 2017-2023
Table 7 North America Heat Transfer Fluids Market, By Type, By Country, 2017-2023
Table 8 Europe Heat Transfer Fluids Market, By Resin Type, By Country, 2017-2023
Table 9 Asia-Pacific Heat Transfer Fluids Market By Type, By Country, 2017-2023
Table 10 RoW Heat Transfer Fluids Market By Type, By Country, 2017-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL HEAT TRANSFER FLUIDS MARKETSHARE, BY TYPE, 2016 (%)
FIGURE 9 GLOBAL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2015-2023 (USD MILLION)
FIGURE 10 GLOBAL HEAT TRANSFER FLUIDS MARKETSHARE, BY TYPE, 2016 (%)
FIGURE 11 GLOBAL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2015-2023 (USD MILLION)
FIGURE 12 GLOBAL HEAT TRANSFER FLUIDS MARKET SHARE (%), BY REGION, 2016
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