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Heat Transfer Fluids Market by Type, End-use Industry And Region - Global Forecast to 2022

Heat Transfer Fluids Market: Global Forecast until 2022

  • November 2017
  • 140 pages
  • ID: 5213579
In this report:
The total production in the Indian chemical industry was ##,## MT in 2014, growing at a CAGR of ##% from 2007 to 2014.
Oil & gas is the second-largest end-use industry and accounted for a market share of ##.##%, in terms of volume, in 2016.
Chemical exports in India have grown from USD ##.## billion in 2003 to USD ##.## billion in 2014, at a CAGR of ##.## %.

Summary

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The heat transfer fluids market is estimated to rise at a compound annual growth rate of 6.90 percent in terms of value during the outlook period

The heat transfer fluids market was estimated at ~$2.6B in 2017 and is projected to extend ~$3.6B by 2022, at a compound annual growth rate of 6.90 percent between 2017 and 2022. The increasing demand from the chemical and oil & gas sectors for energy optimization is driving the heat transfer fluids market, while fire and explosion hazards restrain demand.

Among types, the sector for silicones & aromatics based heat transfer fluids is presumed to grow at the maximal CAGR (Compound annual growth rate) between 2017 and 2022

Silicones & aromatics is the more significant increasing heat transfer fluid type. High performance properties including ability to withstand high temperatures and high energy efficiency are main factors responsible for the high rise of the market. Furthermore, this type is widely used in the chemical processing end-use market, which is the biggest market for heat transfer fluids globally.

Among end-use markets, the renewable energy segment market is expected to increase at the maximal compound annual growth rate (CAGR) during the estimate period

Renewable energy is the quickest-increasing end-use industry due to growing efforts across the globe to conserve energy and use alternative sources of energy which are environment friendly. Heat transfer fluids are used in concentrated solar plants and for bio-diesel production. Increasing demand for concentrated solar power for primary energy purposes in developed and emerging countries including the US, China (CN), Spain (ES), South Africa (ZA), and India (IN) are also main factors for more considerable increase rate.

The Asia Pacific heat transfer fluids market is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period

The Asia Pacific heat transfer fluids market is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period, due to the increased demand for heat transfer fluids in chemical and oil & gas projects. Territories in the Asia Pacific are expanding their production capacities and investing in new projects to decrease dependence on imports and thereby boosting regional energy security and autonomy.

This analysis has been approved through primaries managed with different market experts, global. The primary sources have been sliced into three class, that is, company category, description, and area.

• By Company category - Tier 1 - 70.0 percent, Tier2 -20.0 percent, and Tier 3 - 10.0 percent

• By Description - C-suite - 5.0 percent, D-level - 20.0 percent, and Others - 75.0 percent

• By Area - Asia Pacific (APAC) - 45.0 percent, Europe (EU) - 35.0 percent, Middle East (ME) & African continent - 10.0 percent, North America continent - 5.0 percent, and South America region - 5.0 percent

Companies Profiled in the Report:

The top players decribed in the market research contain Dow, Eastman, Exxon Mobil, Chevron, Paratherm, BASF, Lanxess, Huntsman, and Global Heat Transfer.

Segment Research

The industry report affords business insights on heat transfer fluids used for different applications in several end-use sectors across localities. It aims at evaluating the size of the heat transfer fluids market during the outlook period and projects future increase potential of the market across several segments, including form, end-use sector, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the heat transfer fluids market, together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate industry top players/new sector entrants in the heat transfer fluids market by providing them the closest approximations of the revenues for the global market and its different subsegments. This industry report will facilitate partners obtain a better understanding of the competitive landscape and gain insights to improve their businesses and devise suitable market strategies. The market research will also assist partners comprehend the pulse of the sector and help acquire info on main market drivers, market restraints, opportunities, and alternatives impacting the increase of the heat transfer fluids market.

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