Global Heat Transfer Fluids Market, By Types (Mineral Oils, Silicone & Aromatics, Glycol, Others) By

Published Date: | Report Code : CH1958370


Heat Transfer Fluids Market will be observing an extensive growth in the coming years owing to increasing demand from various applications such as Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, and Food & Beverage.

Heat transfer is heat interchange between physical objects based on weather and strain. Heat transfer operates on the "First Law of Thermodynamics" concept. The law states that an isolated system's total energy is constant; it can transform energy from one form to another, but it can not be produced or demolished. Heat transfer remains until the method items achieve a thermal balance phase (same temperature). Heat transfer fluid is used during the heat transfer phase to prevent overheating of drugs. The fluid is distributed through the mechanical components of the item during heat transfer, thus moving heat from the item of greater temperature to the item of reduced temperature.

Globally, increasing manufacturing development drives the worldwide demand for fluid heat transfer. In addition, enhanced use of heat transfer fluid is anticipated to boost the worldwide industry in the concentrated solar power and other end-user sectors. Industrial development in the developing Asia-Pacific economy such as China and India could give manufacturing firms sufficient chance to grow their business in these areas. Increasing expenditure in the chemical industry can also contribute to the growing requirement in the worldwide market for heat transfer liquid.

Key Factors Impacting Market Growth:

  • Increased demand from the chemical industry

  • Rising demand for heat exchangers

  • Constantly rising prices of raw materials

Regional Analysis:

On the basis of the region, the heat transfer fluids market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in heat transfer fluids market during the forecast period. This demand is with regards to the growth of major Applications such as chemical processing, oil & gas, automotive, renewable energy, pharmaceuticals, food & beverage. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for heat transfer fluids market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for heat transfer fluids market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: British Petroleum plc, The Dow Chemical Company, Royal Dutch Shell plc, Exxon Mobil Corporation., Eastman Chemical Company, BASF SA, Dynalene, Inc., Kost USA, Inc., Bharat Petroleum Corporation Limited, Honeywell International Inc, Indian Oil Corporation Ltd, Chevron Corporation and Huntsman Corporation...

Market Segmentation:

By Types:

  • Mineral Oils

  • Silicone & Aromatics

  • Glycol

  • Others

By Application:

  • Chemical Processing

  • Oil & Gas

  • Automotive

  • Concentrated Solar Power

  • Pharmaceuticals

  • Food & Beverage

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Types

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Types

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Types

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Types

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Types

    • By Application

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Types

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the heat transfer fluids market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

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  • By Sub-segment

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