Heat Transfer Fluid Market Research Report: Information by Type,End-Use industries | Global Heat Transfer Fluid Market Is Projected To Expand At 5.8 % CAGR by Forecast to 2023

Pune, India -- (SBWire) -- 09/07/2018 --Heat Transfer Fluid Market Overview:-

Enhanced longevity, high thermal storage and concentrated power are the key factors enhancing the CSPs over conventional PV solar panels. Increasing natural gas production particularly in Gulf Cooperation Council (GCC) will drive industry growth. Growth in natural gas production will lead to increase in demand for synthetic lubricants including heat transfer fluids. Oil refineries use the product for warming and distillation of oil and oil-based products. Shifting preference from traditional water or steam systems towards the thermal liquid systems in several industries will drive the business growth of heat transfer fluid. Replacement of traditional steam systems with heat transfer fluid system is expected to drive the product demand. High temperature control, environmental safety, production efficiency and low maintenance are the key driving properties of heat transfer fluid. Factors including, stringent environment regulations and unstable raw material supply owing to fluctuating crude oil & base oil production will impact heat transfer fluid price trend. However, increasing penetration of bio based and biodegradable product is expected to create new avenues for industry participants.

Heat Transfer Fluid Global Market – Segmentation

The scope of global heat transfer fluid market is segmented into three major segments which are explained below:

By Type
- Mineral Oils
- Silicones & Aromatics
- Glycols
- Others

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By End-Use Industry
- Oil & Gas
- Chemical Processing
- Automotive
- Renewable Energy
- Food Processing & Packaging
- Pharmaceuticals
- Others

Competitive Dashboard:-

The key players in the global heat transfer fluid market are 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.

Global Heat Transfer Fluid Market Analysis:-

Asia Pacific region is expected to be the largest market for heat transfer fluids as the region is currently investing in chemical and processing, automobile manufacturing and renewable energy projects. As it is critical to maintain effective operations of systems with minimal heat loss, heat transfer fluids play a major role in retaining the heat in these applications. Furthermore, increasing industrial manufacturing processes in Europe and North America are further expected to contribute to the heat transfer fluids market.

Major Points From TOC:-

1 Executive Summary
2 Scope Of The Report
3 Market Dynamics
4 Market Landscape
5 Global Heat Transfer Fluid Market, By Type

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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

Continued......