Heat Transfer Fluids Market Growth, segmentation, Trends, and Competitive Strategies

The heat transfer fluids market is expected to witness market growth at a rate of 6.86% in the forecast period of 2021 to 2028 and is expected to reach USD 4.52 billion by 2028.


Heat Transfer Fluids market research report makes available the market insights about the business scenario with which better business strategies can be built to thrive in this industry. According to this market report, global market is supposed to witness a moderately higher growth rate during the forecast period. This renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers and acquisitions. This also leads to change the view of the global face of this industry. The data of this Heat Transfer Fluids report is represented with the tables, charts and graphs for better understanding.

In this market research report, a market study and overview is carried out by taking into account market drivers, market restraints, opportunities and challenges for a particular business. Geographical scope of the products is also taken into consideration methodically for the major global areas such as Asia, North America, South America, and Africa. This helps delineate strategies for the product distribution in those areas. Heat Transfer Fluids market report estimates the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application. This superior Heat Transfer Fluids market report is presented with a full devotion and dedication to the clients that extend their reach to success.

The heat transfer fluids market is expected to witness market growth at a rate of 6.86% in the forecast period of 2021 to 2028 and is expected to reach USD 4.52 billion by 2028. Data Bridge Market Research report on heat transfer fluids market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing awareness regarding energy conservation is escalating the growth of heat transfer fluids market.

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The utilization of heat transfer fluids which are industrial products derived from petroleum sources to prevent overheating and for the storage of thermal energy and the increasing demand for product owning to its low viscosity, non-corrosive nature, high thermal conductivity and diffusivity and extreme phase transition temperatures are the major factors driving the heat transfer fluids market.

The crucial components used to improve the efficiency of concentrated solar power plants, their important role in the collection of energy from the solar field and transport it to the energy storage systems and increasing scope of CSP and its competitive advantages over other renewable energy sources accelerate the heat transfer fluids market growth. The captive consumption of these thermal oils by manufacturers, shift toward bio-based thermic oils to comply with government regulations and increasing trend of CSP plants as they have capabilities to add storage capacity influence the heat transfer fluids market.

Additionally, the utilization of the oil and gas industry, development of shale resources, and investments in research and development activities positively affect the heat transfer fluids market. Furthermore, high growth potential of bio-based HTFs and rising need for energy conservation extend profitable opportunities to the heat transfer fluids market players in the forecast period of 2021 to 2028.   

Some key players mentioned in the report are:

DOW, Eastman Chemical Company, Exxon Mobil Corporation, Chevron Corporation, Huntsman International LLC, Royal Dutch Shell, LANXESS, PARATHERM, Clariant, Schultz, Arkema, BASF SE, bp p.l.c., Dalian Richfortune Chemicals Co., Ltd., DuPont, Tate Lyle Bio Products., Dynalene, Inc., Global Heat Transfer, HPCL, Indian Oil Corporation Ltd, ISEL, Paras Lubricants Ltd., Suncor Energy Inc., Phillips 66, Radco Industries, Inc., Sasol, Schaeffer Manufacturing Co.,

Key Insights that Study is going to provide:

  • The 360-degree Heat Transfer Fluids overview based on a global and regional level
  • Market Share Sales Revenue by Key Players Emerging Regional Players
  • A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger Acquisition / Recent Investment and Key Developments]
  • May vary depending upon availability and feasibility of data with respect to Industry targeted
  • Patent Analysis** No of patents / Trademark filed in recent years.
  • A complete and useful guide for new market aspirants
  • Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
  • Various Heat Transfer Fluids industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

Key Market Segmentation:

By Product (Silicone and Aromatics, Mineral Oils, Glycol-Based Fluids and Others), Application (Oil and Gas, Chemical, Concentrated Solar Power (CSP), Food and Beverages, Plastics, Pharmaceuticals, Heating, Ventilating and Air Conditioning (HVAC) and Others)

The countries covered in the Global Heat Transfer Fluids Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Key leading countries

Vendor Landscape

Vendor Analysis


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