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.
Albany, NY -- (SBWIRE) -- 02/16/2016 -- 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.
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Thermic fluids are commonly referred to as heat transfer fluids and thermal fluids. The main function of these fluids is to store heat, to prevent excess heating of any thermal device and to transfer heat from one device to other. Thermic fluids have a wide range of products including hydrocarbon or mineral oil based fluids, silicone based fluids, aromatic fluids and glycol based fluids. These fluids are available in different grades for different temperatures generally ranging from – 80oC to 400oC.
Different varieties of thermic fluids are available in different grades in the market (depending on their end use application). Major players in the value chain include oil refineries, glycol producers, silicone and aromatic polymer producers, thermic fluid producers and end use industries such as plastics, pharmaceuticals, food and beverage, manufacturing and chemicals.
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Due to the rapidly developing energy landscape, CSP industry is witnessing significant growth, leading to increase in demand of thermic fluids. Major players in the thermic fluid industry are now focusing on developing thermic fluids especially for thermal storage at CSP plants. In addition, manufacturers are entering into mergers and acquisitions to develop solar thermic fluids, which are expected to be a major future requirement
Bio-based thermic fluids are being accepted worldwide owing to its environment friendly nature and are being developed by some of the major biotechnology firms in the industry. Some of the major synthetic thermic fluid manufacturers in order to achieve sustainability are also focusing on developing bio-based thermic fluids by forming JVs/strategic alliances with some leading biotechnology firms.
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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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