Heat Transfer Fluid Market Size, Growth 2019 Key Players, Merger, Share, Trends, Competitive Analysis, Regional, And Global Industry Forecast To 2023
Heat Transfer Fluid Market to expand at 5.8% CAGR by 2023, according Global Heat Transfer Fluid Market 2019 Industry Analysis Report published by Market Research Future. Global Heat Transfer Fluid Industry Report analyzes Market for Heat Transfer Fluid by Type (Mineral Oils, Silicones & Aromatics, Glycols), End-Use industries (Oil & gas, Chemicals & Processing, Renewable energy, Pharmaceuticals, Food & Beverage, Automotive), Region with Forecast to 2023.
Major Heat Transfer Fluid Companies covered in the market report include 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.
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Global Market Highlights:
The global heat transfer fluid market is estimated to expand at a CAGR OF 5.8% till the forecast period. Market Research Future published this report. The market for heat transfer fluid gained its importance from thermal systems as heat transfer fluids are used to transmit heat from thermal systems to heat stroke tanks.
The global heat transfer fluid market is likely to be driven in the future is backed by some important factors playing a constructive part. The increased use of heat transfer fluid transport industry has elevated the growth of the global market. There has been rapid development in emerging economies, especially in automotive, metal processing, chemical and oil & gas sectors is driving heat transfer fluid market growth in splendid ways.
Heat transfer, a branch of thermal engineering mainly deals with the use, exchange, generation, and conversion of thermal energy and heat, especially for physical systems. The rise in the heat transfer fluid market is supported by increasing technological innovations that are being carried out by vital global multinationals. This is one of the primary key factors driving force of the market to expand more globally.
Heat Transfer Fluid Industry Segments:
In the reports published by Market Research Future, the global heat transfer fluid market is segmented based on the type and by end-use industries.
By mode of type, the heat transfer fluid market is classified as mineral oils, silicones, and aromatics, glycols and nanofluids. In recent times, mineral oils are increasingly being used in manufacturing processes, pharmaceutical & chemicals, refrigeration, CSP generation and geothermal energy applications, which 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 substantial use in industries, having a very high temperature as in chemical and plastic processing.
By mode of application, the heat transfer fluid market is segmented as oil & gas, chemicals & processing, renewable energy, pharmaceuticals, food and beverage, and automotive applications. Of these, the chemical & processing applications are expected to contribute to the heat transfer fluid 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.
Regional Analysis:
The market of heat transfer fluid 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 fluid 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.
TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Market Trends
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Analysis
5 Global Heat Transfer Fluid Market, By Type
5.1 Introduction
5.2 Mineral Oils
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Silicones & Aromatics
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4 Glycols
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
5.5 Nano-Fluids
5.5.1 Market Estimates & Forecast, 2017-2023
5.5.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Heat Transfer Fluid Market, By End-Use Industries
6.1 Introduction
6.2 Oil & Gas
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Chemicals & Processing
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
6.4 Renewable Energy
6.4.1 Market Estimates & Forecast, 2017-2023
6.4.2 Market Estimates & Forecast By Region, 2017-2023
6.5 Pharmaceuticals
6.5.1 Market Estimates & Forecast, 2017-2023
6.5.2 Market Estimates & Forecast By Region, 2017-2023
6.6 Food & Beverage
6.6.1 Market Estimates & Forecast, 2017-2023
6.6.2 Market Estimates & Forecast By Region, 2017-2023
6.5 Automotive
6.5.1 Market Estimates & Forecast, 2017-2023
6.5.2 Market Estimates & Forecast By Region, 2017-2023
Continued…
LIST OF TABLES:
Table 1 Global Heat Transfer Fluid Market: By Region, 2018-2023
Table 2 North America Heat Transfer Fluid Market: By Country, 2018-2023
Table 3 Europe Heat Transfer Fluid Market: By Country, 2018-2023
Table 4 Asia-Pacific Heat Transfer Fluid Market: By Country, 2018-2023
Table 5 RoW Heat Transfer Fluid Market: By Country, 2018-2023
Continued…
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
Continued…
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