USA: +1 347 690-0211 | UK: +44 2032 894158 | JAPAN: +81 50 5806 9039 | Translate : 

Global Heat Transfer Fluids Market Is Anticipated To Reach Around USD 14.6 Billion By 2026

26-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Heat Transfer Fluids Market By Product (Silicone Fluids, Aromatic Fluids, Mineral Oils, Glycols, and Others) and By Application (Oil & Gas, Chemical Industry, Concentrated Solar Power, Food & Beverages, Plastics, Pharmaceuticals, HVAC, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global heat transfer fluids market in 2019 was approximately USD 10.5 billion. The market is expected to grow at a CAGR of 4.9% and is anticipated to reach around USD 14.6 billion by 2026.

Heat transfer fluids play a critical role in delivering efficient heat management solutions for various applications in a more sustainable way. For example, heat transfer fluids based on propylene glycols provide good results in secondary loop refrigeration at medium temperatures. Growing focus on energy conservation would fuel the need for heat transfer fluids. In the Concentrated Solar Power (CSP) industry this would result in increased demand for glycols, molten salts, and silicone & aromatic heat transfer fluids. However, the operating of the heat transfer fluids lies above the flashpoint of thermal fluids that come under the 2002 Regulation on "Dangerous Substances and Explosive Atmosphere" (DSEAR). And degradation of the fluids such as mineral oils takes place as a certain period of time passes decreasing the flashpoint of these fluids and making them flammable. Hence this risk of fire explosion hazard caused by heat transfer fluids is one of the restraints of the market. Nonetheless, there are opportunities for the heat transfer fluid market to grow in the upcoming years owing to the development of the bio-based heat transfer fluids. The growing production of environmentally friendly bio-based heat transfer fluids is expected to provide the heat transfer fluids industry with new growth opportunities. Effective heat transfer is important for applications both at low and high temperatures. Using bio-based raw materials to produce heat transfer fluids can help deliver environmentally sustainable goods that comply with strict regulations.

Request Sample Request Customization Buy Now

Browse the full “Heat Transfer Fluids Market By Product (Silicone Fluids, Aromatic Fluids, Mineral Oils, Glycols, and Others) and By Application (Oil & Gas, Chemical Industry, Concentrated Solar Power, Food & Beverages, Plastics, Pharmaceuticals, HVAC, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/heat-transfer-fluids-market-by-product-silicone-fluids-968

Glycol based heat transfer fluids was fastest growing category in 2019 in the product segmentation due to its antifreeze abilities. Glycols that are bio-based are compatible with low temperature as well as high-temperature applications and hence are gaining more significance. In 2019, the oil & gas application had the largest share revenue-wise in the heat transfer fluids market. Parameters of oil and gas production involve very particular heat transfer fluids that are designed to match the temperatures and reliability required. Similar materials are used in processes such as recycling, processing, refining, and transport.

North America is the leading region with main economic factors such as high per capita income and production from manufacturing, which promotes demand growth. Implementing strict rules and continuing product development has increased demand for heat transfer fluids. Governments throughout Europe have made considerable efforts to support the use of concentrated solar power. Even though there is only one operating CSP plant in Spain, there are several pilot projects underway. France is researching a Fresnel 9 MW plant, and Denmark is currently developing a CSP-biomass hybrid 17 MW plant.

Some of the key players of the heat transfer fluids market are Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., British Petroleum, Royal Dutch Shell Plc, Phillips 66, BASF SE, Dow, GJ Chemical, LANXESS AG, Sasol Limited, Tashkent Industrial Oil Corporation, Paras Lubricants Limited, Dynalene, Inc., KOST USA, Inc., Delta Western, Inc., Huntsman Corporation, Eastman Chemical Company, Chevron Co., Exxon Mobil, Dalian Richfortune Chemicals Ltd., Radco Industries Inc., Schultz Chemicals, Evermore Trading Corporation, Shaeffer Manufacturing Co., and Others.

This report segments the heat transfer fluids market as follows:

Global Heat Transfer Fluids Market: By Product Segmentation Analysis

  • Silicone Fluids
  • Aromatic Fluids
  • Mineral Oils
  • Glycols
  • Others

Global Heat Transfer Fluids Market: By Application Segmentation Analysis

  • Oil & Gas
  • Chemical Industry
  • Concentrated Solar Power
  • Food & Beverages
  • Plastics
  • Pharmaceuticals
  • HVAC
  • Others

Global Heat Transfer Fluids Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

Global Headquarters

Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

Pond Liners Market Report 2021 – 2026

According to Facts and Factors, Global Pond Liners Market will acquire USD 4 Billion by 2026 from USD 2 Billion in 2020 growing at a CAGR of 10% from 2021 to 2026. Report Overview Pond liners are impermeable membranes that help in collecting liquids in a curbed area. These liners are used for linin

Published Date : 31-Dec-2021 | | Category : Chemical & Materials | Pages : 171 | Format : Read more

Inquiry for Buying Request Sample
report img

Tour Operator Software Market Report 2021 – 2026

According to Facts Factors, the globaltour operator software market was valued at USD 500 Million in 2020 and will reach USD 1,200 Million by 2026 with growth at a CAGR of 12% during 2021 2026. Report Overview The tourism industry is revolutionizing due to the rising adoption of tour operator softw

Published Date : 30-Dec-2021 | | Category : Technology & Media | Pages : 171 | Format : Read more

Inquiry for Buying Request Sample
report img

Menstrual Cups Market Report , 2021 – 2026

According to the report published by the Facts Factors, global demand for the menstrual cups market was estimated at approximately USD 720.6 Million in 2020 and is expected to generate revenue of around USD 980.4 Million by the end of 2026, growing at a CAGR of around 5.5% between 2021 and 2026. Re

Published Date : 29-Dec-2021 | | Category : Medical Device | Pages : 171 | Format : Read more

Inquiry for Buying Request Sample
report img

Catering Software Market Report 2021 – 2026

Facts Factors published the latest report on the global catering software market is expected to grow from USD 200 Million in 2020 to USD 500 Million by 2026; it is anticipated to grow at a CAGR of 15% during 2021 2026. Report Overview Data analytics or catering software are technologies that can he

Published Date : 29-Dec-2021 | | Category : Communication Services | Pages : 171 | Format : Read more

Inquiry for Buying Request Sample
report img

Anesthesia Equipment Market Report 2021 – 2026

According to Facts Factors, the report on the Global Anesthesia Equipment Market encompasses the complete history and forecast details. In this report, the market value was witnessed to be around USD 11 Billion in 2020 and with a CAGR of 6.5% will acquire USD 16 Billion by 2026. Report Overview Ane

Published Date : 28-Dec-2021 | | Category : Healthcare | Pages : 171 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration