The latest research report on Heat Transfer Fluids Market
The global heat transfer fluids market was valued at USD 1441.11 Million in 2018 and is expected to reach USD 2435.66 million by 2026, with an anticipated CAGR of 6.78% during the forecast period, 2019–2026.
Global Heat Transfer Fluids Market Report (Industry Analysis, Applications, Growth, Trends) and Future Forecast (2016-2026) is the latest report published by Straits Research which is committed to delivering details of the Heat Transfer Fluids industry.
Straits Research offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Heat Transfer Fluids industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.
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The implementation of CSP (Concentrated Solar Power) services in emerging economies to encourage renewable energy has been driving the heat transfer fluids market growth. Complimentary thermal properties combined with the high temperature holding properties of heat transfer fluids have been driving their adoption across industry verticals. The shifting preference from steam or traditional water systems to heat transfer fluid systems in various industries is further expected to positively influence market growth in the coming years.
Desirable properties of heat transfer fluids, such as environmental safety, high-temperature control, low maintenance, and production efficiency are among the key drivers for heat transfer fluids market growth.
Some of the key players in global heat transfer fluids market are Dow (U.S.), Eastman (U.S.), Exxon Mobil (U.S.), Chevron (U.S.), Paratherm (U.S.), BASF (Germany), Lanxess (Germany), Huntsman (U.S.), Global Heat Transfer (U.K.), Royal Dutch Shell plc (Netherlands), Phillips 66 (U.S.), Arkema (France), Schultz Canada Chemicals Ltd. (Canada), and Radco Industries (U.S.).
The Heat Transfer Fluids Market is segmented into different sections such as by type, by application, by end users, and by regions. The report about the Heat Transfer Fluids industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Heat Transfer Fluids market since the past few years.
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By Type, Mineral Oil, Silicon & Aromatics, Glycols,
By End-Use Industry, Chemical Processing, Automotive, Oil & Gas, Renewable Energy, Pharmaceutical, Food, and Beverage,
The competitive landscape:
The competitive landscape of the Heat Transfer Fluids market is a highly crucial section of the report that creates a firm portrait of the market’s key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on companies profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
Why purchase this report?
- Historical inferences, findings & analysis of the Heat Transfer Fluids market from 2016 to 2018
- Projections and performance forecast analysis for the future from 2019 to 2026
- Production and consumption point of view (POV) analysis
- Heat Transfer Fluids Market drivers, restraint and opportunity analysis, to define Heat Transfer Fluids market dynamics covering industry, regulatory, innovation, technological & pricing trends
- Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Heat Transfer Fluids market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
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