Heat Transfer Fluid Market worth 2.87 Billion USD by 2021

The report "Heat Transfer Fluid Market by Type (Mineral oils, Silicone & Aromatics , and PAG & Glycol-based Fluids), Application (Oil & Gas, Chemical, Concentrated Solar Power, Manufacturing Process, Pharmaceuticals, Biodiesel Production, and Others), and Region - Global Trends & Forecasts to 2021", The market size of heat transfer fluids is estimated to grow from USD 1.80 Billion in 2015 to USD 2.87 Billion by 2021, at a CAGR of 8.2% during the forecast period. The market is driven by the rising chemical industry and oil & gas developments, increasing concentrated solar power generation capacities, and rise in technological advances in product portfolios of heat transfer fluids.

Browse 137 tables and 58 figures spread through 191 pages and in-depth TOC on "Heat Transfer Fluid Market - Global Trends & Forecasts to 2021"

Early buyers will receive 10% customization on this report.

Oil & Gas: The Largest Application Segment of Heat transfer fluid Market

In 2015, the oil & gas application segment is estimated to account for the largest market share among all the applications, in terms of value, followed by chemical industry, manufacturing processes, and concentrated solar power applications. The concentrated solar power application is estimated to grow at the highest CAGR between 2016 and 2021. The high growth can be attributed to the growing demand for sustainable power resource. Utilization of waste heat energy form one process to another process in process industries has triggered the demand for heat transfer fluids, which has positively influenced the growth of the heat transfer fluid market in the region.

Asia-Pacific: The Largest Market for Heat Transfer Fluids

Asia-Pacific is currently the largest market for heat transfer fluids. China is the largest market for heat transfer fluids in the region.

Following factors are the main driving forces for the heat transfer fluids market in Asia-Pacific:

High demand for heat transfer fluids in the region
Growing manufacturing processes industry
Growing chemicals and concentrated solar power industries in countries such as China and India
ExxonMobil Corporation (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), Chevron Corporation (U.S.), Phillips 66 (U.S.), Huntsman Corporation (U.S.), and Global Heat Transfer (U.K.) are the key players of the heat transfer fluids market.

This report covers the market size, in terms of value and volume, for heat transfer fluids and forecasts the market size till 2021. The report includes the market segmentation by type: mineral oils, silicones and aromatics, PAG and glycol based fluids, by application: oil & gas, chemical, concentrated solar power, manufacturing processes, pharmaceuticals, bio-diesel production, and others, and by region: North America, Western Europe, Central & Eastern Europe, Asia-Pacific, Middle East & Africa and Latin America. Regions are further segmented into countries such as China, India, Japan, South Korea, Thailand, Malaysia, the U.S., Canada, Mexico, Germany, France, Italy, the U.K., Russia, Turkey, Brazil, Iran, and Saudi Arabia. The report also provides company profiles and competitive strategies adopted by major market players in the heat transfer fluids market.

Browse related Reports:

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), Classifications (MoC, Temperature Range & Fluid Type) and Geography - Forecast to 2021

Plate & Frame Heat Exchangers Market by Type (Brazed, Gasketed, Welded), by Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), and Region - Trends & Forecast to 2020

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @
Connect with us on LinkedIn @