Heat Transfer Fluids Market By Industry Size, And Share, Manufacturers, Demand, Forecast 2027 - TechSci Research

The global heat transfer fluids market is projected to register growth at a formidable rate during the forecast period. The market growth can be attributed to the growing applications of heat transfer fluids, especially in the chemical manufacturing and processing industries. In addition, the ability of heat transfer fluids to resist viscosity and showcase anti-freezing properties at ultra-low temperatures are catalyzing its applications across various end-user industries such as automotive, oil & gas, food & beverages, energy & resources, consumer goods, electronics, health & nutrition, and various others. Rising demand for heat transfer fluids to set up solar power plants across the globe as the government authorities are increasingly investing for clean energy transition is anticipated to fuel the demand for the global heat fluid market. Surge in oil & gas exploration activities across the globe, and rapid industrialization and urbanization are further supporting the growth of the global heat transfer fluid market. In addition, environmental safety regulations and adoption of energy transfer devices are adding to the growth of the market.

The global heat transfer fluid market is segmented on the basis of type, end use industry, region, and company. Based on the type, the market is further divided into silicones & aromatics, mineral oils, glycols, and others. The mineral oils segment is anticipated to register the highest growth in the global heat transfer fluid market during the forecast period. High demand for mineral oils in chemical processing and petrochemical end-use industries are adding to the segment dominance. However, synthetic fluid is the fastest-growing segment in the high transfer fluid market owing to the enhanced lubricity and thermal stability offered by them. Based on end-user industry, the renewable energy sector is anticipated to record the highest growth due to rapid transition towards clean energy. Asia-Pacific region is expected to dominate the global heat transfer fluid market owing to increasing investments in the automotive industry, chemical manufacturing units, and the renewable energy sector in the region.


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The global heat transfer fluids market is controlled by these major players, namely– DowDuPont (US), Eastman Chemical Company (US), Exxon Mobil Corporation (US), Shell (Netherlands), etc.

Objective of the Study:

  • To outline, classify and estimate the global heat transfer fluids market on the basis of type, end use industry and regional distribution.
  • To study and forecast the global market size of the heat transfer fluids, in terms of value and volume.
  • To understand the regional market structure of heat transfer fluids market, the global heat transfer fluids market is segmented in five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size, in terms of value and volume.
  • To identify the detailed information about the prime factors affecting the global heat transfer fluids market.
  • To evaluate competitor pricing, average market selling prices and margins in the global heat transfer fluids market.
  • To examine competitive developments such as expansions, new entrants in the global heat transfer fluids market.
  • To strategically profile the leading players in the market which are involved in the manufacturing and supply of heat transfer fluids worldwide.


TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Heat Transfer Fluids manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, end user industries, distribution network and regional presence of all major Heat Transfer Fluids manufacturers across the globe.

TechSci Research calculated the market size for Global Heat Transfer Fluids using a bottom-up approach, where manufacturers’ value sales data for standard types (Silicones & Aromatics, Mineral Oils, Glycols and Others) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

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Key Target Audience:

  • Heat transfer fluids manufacturers and suppliers
  • Research organizations and consulting companies
  • Trade Associations, organizations, forums and alliances related to Heat Transfer Fluids
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Heat Transfer Fluids manufacturers, distributors and dealers, customers and policy makers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         End Use Industry

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; South Korea; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Iran

Key Companies Profiled

DowDuPont (US), Eastman Chemical Company (US), Exxon Mobil Corporation (US), Shell (Netherlands).

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Heat Transfer Fluids has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Heat Transfer Fluids Market, by Type
    • Silicones & Aromatics
    • Mineral Oils
    • Glycols
    • Others
  • Heat Transfer Fluids Market, by End User Industry
    • Chemical Processing
    • Oil & Gas
    • Automotive
    • Renewable Energy
    • Pharmaceuticals
    • Food & Beverage
    • Others
  • Heat Transfer Fluids Market, by Geography:
    • Asia-Pacific
      • India
      • China
      • Japan
      • South Korea
      • Indonesia
      • Rest of APAC
    • North America
      • U. S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Iran
      • South Africa
    • South America
      • Brazil
      • Colombia
      • Argentina
      • Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the Heat Transfer Fluids market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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