Dallas, TX -- (SBWIRE) -- 11/19/2012 -- This report estimates the global market of thermic fluids/heat transfer fluids till the end of 2017. This market research study provides detailed qualitative and quantitative analysis of the global heat transfer fluids market. The report provides a comprehensive review of major market drivers, restraints, and opportunities, winning imperatives, challenges, and burning issues in the market. The market is further segmented and forecasted for major geographic regions. Major countries with the market volumes and revenue are covered for each of the region. Competitive scenario and market share of the top players in the market has been discussed in detail.
Heat transfer fluid is that substance (gas or liquid) which can store heat energy to prevent over-heating of any thermal device by circulating through its mechanical parts and transfer the heat energy produced from one device to another. These fluids have a wide range of applications in the industries that operate in the extreme temperature ranges such as manufacturing processes, chemical industry, automotives, solar power plants, petroleum processing, etc.
The global market for heat transfer fluids in terms of revenue was estimated to be worth $1,684.0 million in 2011 and is expected to reach $2,557.2 million by 2017, growing at a CAGR of 7.4% from 2012 to 2017. Europe dominates the global heat transfer fluids market, accounting for 35.0% of the global heat transfer fluids demand in 2011. Asia-Pacific is expected to be the fastest growing market in the near future owing to the rapid advancement and increasing demand from key countries such as China and India. North American heat transfer fluids market is smaller as compared to Europe in terms of revenue and volume.
This market is driven by the high growth in the CSP market, strong performance advantage offered by heat transfer fluids and increasing performance standards in the industrial sectors. Europe is the largest market for heat transfer fluids, whereas Asia-Pacific market is expected to register best growth opportunities. China and India are expected be the fastest-growing countries in the global heat transfer fluids market as their strong economic growth continues and demand for energy grows. Middle East is another growing market for HTFs. North America and European regions are expected to show moderate growth rate from 2012 to 2017.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of heat transfer fluids market. The primary sources – experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects of heat transfer fluids.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the global market include The Dow Chemicals Co. (U.S.), Solutia Inc. (U.S.), ExxonMobil (U.S.), BP (U.K.), Shell Corporation (The Netherlands), etc.
Scope of the report
This research report categorizes the global market for heat transfer fluids on the basis of applications, product types, and geography; forecasting volume and revenue and analyzing trends in each of the submarkets.
On the basis of applications: The heat transfer fluids market is segmented on the basis of applications such as oil and gas, CSP, chemical industry, manufacturing processes, plastics, pharmaceuticals, waste heat recovery, bio-diesel production and others. Each application is further described in detail in the report with volume and revenue forecasted.
On the basis of product type: Mineral oils, Silicone and Aromatics, PAG and Glycol-based fluid markets are described in terms of revenue and volumes; with forecasted revenue and volumes as well.
On the basis of geography: North America, Europe, Asia-Pacific, and ROW and key countries in every region.
(Overview, Financials, Products & Services, Strategy, And Developments)*
1 Acota Ltd
2 Applied Thermal Control
3 Aral Aktiengeselleschaft
4 Basf Se
5 Bharat Petroleum Corp. Ltd
6 Chem Group Inc.
7 Chevron Corporation
8 Clariant Ag
10 Dynalene Inc.
11 Exxonmobil Corporation
12 Flowserve Corporation
13 Global Heat Transfer
14 Hindustan Petroleum Corporation Ltd
15 Honeywell International Inc.
16 Houghton International Inc.
17 Huntsman Corporation
18 Indian Oil Corporation Ltd
19 Kost Usa Inc.
20 Macdermid (U.K.) Ltd
21 Multitherm Llc
22 Paratherm Corporation
24 Radco Industries Inc.
25 Sasol North America Inc.
26 Schultz Chemistry Co. Ltd
27 Solutia Inc.
28 The Dow Chemical Company
29 Univar Belgium N.V.
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