Global Heat Transfer Fluids Market: Industry Analysis and Forecast (2018-2026)
Global Heat Transfer Fluids Market was valued US$ XX Bn in 2017 and expected to reach US$ XX Bn by 2026, at a CAGR of XX% during the forecast period.
There has been rapid industrialization in the Asia Pacific region, especially in the manufacturing sector comprising chemical, automotive, oil and gas, and metal processing industries. However, government regulations across emerging and developed economies in-line with the Environment Protection Act is expected to hinder market growth over the forecast period.
Based on the heat transfer fluid type, the mineral oils segment is expected to dominate the market in 2017, owing to, it is progressively being used in chemical manufacturing processes, pharmaceutical, refrigeration, CSP generation and geothermal energy applications.
On the other hand, the silicones & aromatics segment is expected to hold the major market shares in heat transfer fluid market during forecast period. This growth is attributed to the continuously increasing demand for synthetic thermal oils from oil & gas and chemical industries.
Based on the end-user industries, the chemical processing industries are the leading end-use industries for the heat transfer fluids market. Followed by oil & gas industries. Owing to, increasing use of heat transfer fluid for energy recovery and heat recovery plays an increasing role in the chemical industry operations. Furthermore, increasing oil and gas operations in onshore and offshore production processes across Africa, Asia Pacific and North America is expected to dominate the oil and gas segment during forecast period. In renewable energy applications, heat transfer fluids are driven by the increasing installations of solar power plants such as CSP plants and solar thermal energy systems.
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Geographically, the Asia Pacific region is expected to dominate heat transfer fluids market in 2017 and is projected to keep its dominance throughout the forecast period. The growth of this region is attributed to, its lower dependence on imports, increasing production capacity, growing population, and improved standard of living. Further, increasing installations of solar power projects such as CSP and also rising chemical and processing industry are expected to boost the market growth in the upcoming years.
The Europe is expected to accounts largest share in the global heat transfer fluids market, owing to the growing energy sector, and growing population, driven by the accrued energy demand. Germany and Spain account for prominent market shares in the Europe region, owing to the growing industrial expansion in these countries.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global heat transfer fluids market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in global heat transfer fluids market.
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Scope of Global Heat Transfer Fluids Market
Global Heat Transfer Fluids Market, By Type
• Mineral Oils
• Silicones & Aromatics
• Glycols
Global Heat Transfer Fluids Market, By End-Use industries
• Oil & Gas
• Chemicals & Processing
• Renewable energy
• Pharmaceuticals
• Food & Beverage
• Automotive
Global Heat Transfer Fluids Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Heat Transfer Fluids Market
• Dow
• Eastman
• Exxon Mobil
• Chevron
• Paratherm
• BASF
• Lanxess
• Huntsman
• Global Heat Transfer
• Royal Dutch Shell plc.
• Phillips 66
• Arkema
• Schultz Canada Chemicals Ltd.
• Radco Industries
Browse Full Report with Facts and Figures of heat-transfer-fluids Market Report at: https://www.maximizemarketresearch.com/market-report/global-heat-transfer-fluids-market/30456/
MAJOR TOC OF THE REPORT
Chapter One: heat-transfer-fluids Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global heat-transfer-fluids Market Competition, by Players
Chapter Four: Global heat-transfer-fluids Market Size by Regions
Chapter Five: North America heat-transfer-fluids Revenue by Countries
Chapter Six: Europe heat-transfer-fluids Revenue by Countries
Chapter Seven: Asia-Pacific heat-transfer-fluids Revenue by Countries
Chapter Eight: South America heat-transfer-fluids Revenue by Countries
Chapter Nine: Middle East and Africa Revenue heat-transfer-fluids by Countries
Chapter Ten: Global heat-transfer-fluids Market Segment by Type
Chapter Eleven: Global heat-transfer-fluids Market Segment by Application
Chapter Twelve: Global heat-transfer-fluids Market Size Forecast (2019-2026)
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