Dec 12, 2017   SOURCE: BusinessWire

Heat Transfer Fluids Market by Type, End-use Industry & Region - Global Forecast to 2022 - Research and Markets

The "Heat Transfer Fluids Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The heat transfer fluids market is estimated at USD 2.61 Billion in 2017 and is projected to reach USD 3.64 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022. The heat transfer fluids market is expected to be driven by the increasing need for primary energy and growing manufacturing sector in emerging and developed countries.

On the basis of type, the heat transfer fluids market has been segmented into mineral oils, aromatics & silicones, glycols, and others. Mineral oils is the largest type of heat transfer fluid due to its high demand in chemical processing and petrochemical end-use industries, in terms of volume. Moreover, it is also preferred over other types due to its low price. Silicones & aromatics is the highest growing type segment and is expected to lead the market in terms of value between 2017 and 2022. These fluids resist coking and thermal degradation, and help reduce system deposits arising out of oxidation and hence extend service life. They have excellent heat transfer properties and exceptional low temperature fluidity and thermal stability.

On the basis of end-use industry, the heat transfer fluids market has been classified into chemical processing, oil & gas, automotive, food & beverage, renewable energy, pharmaceuticals, and others. Chemical processing is the largest end-use industry, owing to the high demand for all types of heat transfer fluids including, mineral oils, silicones & aromatics, glycols, and others. Moreover, growth in the production of basic chemicals, plastic production, and specialty chemicals across the globe has increased the usage of heat transfer fluids in chemical processing in order to improve efficiency in heat transfer.

Renewable energy is the fastest-growing end-use industry owing to the increasing demand for heat transfer fluids in concentrated solar power projects that are increasing due to the growing environmental awareness.

Companies Mentioned

  • Acota
  • Applied Thermal Control
  • Arkema
  • Basf
  • Bharat Petroleum
  • Chevron
  • Dalian Richfortune Chemicals
  • Dow
  • Dynalene, Inc.
  • Eastman
  • Exxonmobil
  • Global Heat Transfer
  • Hindustan Petroleum Corporation Ltd.
  • Honeywell International
  • Huntsman
  • Indian Oil
  • Lanxess
  • Lytron Inc.
  • Paratherm
  • Petro-Canada
  • Phillips 66
  • Radco Industries
  • Shell
  • Zhongneng Chemical

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Heat Transfer Fluids Market, By Type

7 Heat Transfer Fluids Market, By End-Use Industry

8 Heat Transfer Fluid Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/xqsntr/heat_transfer