The global market for thermic fluid was 360 kilo tons in 2009 which increased to 384.9 kilo tons in 2010. Growing demand from major end use industries such as oil and gas, chemicals, plastics, pharmaceuticals etc is one of the major factors which have been driving the market for thermic fluid. The rapid development of concentrated solar power (CSP) projects in different parts of the world is expected to boost the demand for thermic fluid in the near future.
Albany, NY -- (SBWIRE) -- 10/15/2015 -- The global demand for thermic fluid is primarily being driven by growth of the concentrated solar power (CSP) industry. Increasing applications of thermic fluids coupled with FDA approval for their usage is also expected to have a positive impact on demand over the next five years.
This study analyzes estimates and forecasts the demand for thermic fluids, also known as heat transfer fluids (HTF) in terms of revenue and volumes from 2011 to 2018. The study provides a comprehensive snapshot of the thermic fluids industry by segmenting the market into product categories including silicone and aromatic thermic fluids, mineral oil based thermic fluids, glycol based thermic fluids and other (including molten salts and HFPE). The report also provides market data and forecast for various applications of thermic fluids including oil and gas, chemical processing, CSP, foods and plastics in terms of volumes (kilo tons) and revenues (USD million) from 2011 to 2018. All product and application segmentation data has been provided on a granular level for key geographies across the globe.
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The study includes value chain analysis to understand the supply chain of different thermic fluids, which also analyzes each key player in the value chain. The report also includes Porter's five forces analysis for the thermic fluid market and also highlights the market attractiveness for the different thermic fluid products such as silicones, mineral oils and glycols.
The report sheds light on bio-based thermic fluids, discussing the emerging market as well as key players in the bio-based thermic fluid market. The study also covers key mergers and acquisitions conducted by few players in the market.
The study includes market share analysis of major players that operate in the global market along with detailed company profiles for each. The main market players profiled in this report include Dow Chemicals, Exxon Mobil, Solutia Inc., British Petroleum PLC, The Shell, Dynalene, Paratherm Corporation, BASF AG and more.
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The report segments the global thermic fluids market as follows:
Thermic Fluid Market, by Product Type
Silicone and Aromatic
Mineral Oil based Fluids
Glycol based Fluids
Other (including molten salts and HFPE)
Thermic Fluid Market, by Application
Oil and Gas
Food and Beverages
Other (including transport, biodiesel, waste heat recovery, etc)
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