5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 HTF Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rapid Industrialization and Supportive Renewable Energy Policies in Asia-Pacific
Figure 17 Industrial Developments in Asia-Pacific in 2021
5.2.1.2 Growing Number of Concentrating Solar Power Projects
Table 2 Concentrated Solar Power Plants Worldwide
5.2.1.3 Increased Use of HTFs to Reduce Operating Costs and Save Energy
5.2.2 Restraints
5.2.2.1 Volatile Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Increasing Need for Energy Conservation and Clean Energy
5.2.3.2 Government Schemes Focused on Energy Efficiency and Renewable Energy
5.2.4 Challenges
5.2.4.1 Fire and Explosion Hazards Related to Thermal HTFs
5.3 Porter's Five Forces Analysis
Figure 18 HTF Market: Porter's Five Forces Analysis
Table 3 HTF Market: Porter's Five Forces Analysis
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
5.4 Value Chain Analysis
Figure 19 Overview of HTF Market Value Chain
5.4.1 Raw Material Suppliers
5.4.2 HTF Manufacturers
5.4.3 Distributors
5.4.4 End-users
5.5 Ecosystem
Figure 20 Ecosystem of HTF Market
Table 4 HTF Market: Role of Stakeholders in Ecosystem
5.6 COVID-19 Impact Analysis
5.6.1 COVID-19 Economic Assessment
5.6.2 Effects on Country-Level GDP
5.6.3 Impact on End-users
Figure 21 Global Propagation of COVID-19 at Unprecedented Pace
5.7 Pricing Analysis
5.7.1 Average Selling Price, by Region
Figure 22 HTF Prices in Different Regions, 2020-2021 (USD/KG)
5.7.2 Average Selling Price, by Product Type
Table 5 HTF Prices for Different Product Types, 2020-2027 (USD/KG)
Figure 23 Average Selling Price of HTFs Offered by Key Players, by End Use
5.7.3 Average Selling Price, by Key Player
Table 6 Key Players: Average Selling Price (USD/KG)
5.8 Trade Analysis
Table 7 Import Trade Data for Medium Oil for Top 10 Countries, 2021 (USD Million)
Table 8 Export Trade Data for Medium Oil for Top 10 Countries, 2021 (USD Million)
5.9 Macroeconomic Data
Table 9 Real and Projected GDP Growth of Key Countries, 2018-2025 (Annual Percentage)
5.9.1 Oil Production Data
Table 10 Oil Production Data, by Country, 2019-2021 (Million Tonne)
5.9.2 Renewable Energy Production Data
Table 11 Renewable Energy Generation Data, by Country, 2019-2021 (Terawatt Hours)
5.9.3 Automotive Production Data
Table 12 Automotive Production Data, by Country, 2019-2021 (Million Units)
5.10 Trends/Disruptions Impacting Customer Business
Figure 24 Rise in Adoption of Renewable Energy to Influence HTF Market
5.11 Case Study Analysis
5.11.1 Eastman Offered Therminol Heat-Transfer Fluid to Indorama Ventures to Increase Its Plant Efficiency
5.11.2 Hydromx Saved 35% Energy Costs by Installing Glycol-based CRAC Units in Cass County Electric Cooperative Building
5.11.3 Chromalox and Eastman Meet High-Temperature Demands of Chemical Production Plant
5.12 Key Conferences and Events, 2022-2023
Table 13 Detailed List of Conferences and Events
5.13 Factors Influencing Buying Decisions
5.13.1 Quality
5.13.2 Services
Figure 25 Key Buying Criteria
Table 14 HTF Market: Key Buying Criteria and Ratings
5.14 Tariff and Regulatory Landscape
5.14.1 Asia-Pacific
5.14.2 Europe
5.14.3 North America
5.14.3.1 US
5.14.3.2 Canada
Table 15 List of Regulatory Bodies, Government Agencies, and Other Organizations
5.15 Patent Analysis
5.15.1 Methodology
5.15.2 Patents Granted Worldwide, 2011-2021
Table 16 Total Number of Patents
Figure 26 Total Number of Patents
5.15.3 Patent Publication Trends
Figure 27 Total Number of Patents During Last 10 Years
5.15.4 Insights
5.15.5 Legal Status of Patents
Figure 28 Patent Analysis, by Legal Status
5.15.6 Jurisdiction-Wise Patent Analysis
Figure 29 Top Jurisdictions for HTF Patents
5.15.7 Top Companies/Applicants
Figure 30 Top 10 Companies/Applicants with Highest Number of Patents
5.15.8 Top 10 Patent Owners (US) in Last 10 Years
Table 17 Top 10 Patent Owners
8 HTF Market, by Region
8.1 Introduction
Figure 33 Asia-Pacific to Create Lucrative Opportunities for HTF Market Players
Table 26 HTF Market, by Region, 2018-2021 (Kiloton)
Table 27 HTF Market, by Region, 2022-2027 (Kiloton)
Table 28 HTF Market, by Region, 2018-2021 (USD Million)
Table 29 HTF Market, by Region, 2022-2027 (USD Million)
8.2 Asia-Pacific
Figure 34 Asia-Pacific: HTF Market Snapshot
Table 30 Asia-Pacific: HTF Market, by Country, 2018-2021 (Kiloton)
Table 31 Asia-Pacific: HTF Market, by Country, 2022-2027 (Kiloton)
Table 32 Asia-Pacific: HTF Market, by Country, 2018-2021 (USD Million)
Table 33 Asia-Pacific: HTF Market, by Country, 2022-2027 (USD Million)
Table 34 Asia-Pacific: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 35 Asia-Pacific: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 36 Asia-Pacific: HTF Market, by End Use, 2018-2021 (USD Million)
Table 37 Asia-Pacific: HTF Market, by End Use, 2022-2027 (USD Million)
8.2.1 China
8.2.1.1 Thriving Chemical Sector to Drive HTF Market Growth
Table 38 China: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 39 China: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 40 China: HTF Market, by End Use, 2018-2021 (USD Million)
Table 41 China: HTF Market, by End Use, 2022-2027 (USD Million)
8.2.2 Japan
8.2.2.1 Booming Electronics Industry to Witness High Demand for HTFs
Table 42 Japan: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 43 Japan: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 44 Japan: HTF Market, by End Use, 2018-2021 (USD Million)
Table 45 Japan: HTF Market, by End Use, 2022-2027 (USD Million)
8.2.3 India
8.2.3.1 Abundant Solar Energy to Create New Avenues for HTF Business Growth
Table 46 India: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 47 India: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 48 India: HTF Market, by End Use, 2018-2021 (USD Million)
Table 49 India: HTF Market, by End Use, 2022-2027 (USD Million)
8.2.4 South Korea
8.2.4.1 Flourishing Electronics Industry to Witness High Demand for HTFs
Table 50 South Korea: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 51 South Korea: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 52 South Korea: HTF Market, by End Use, 2018-2021 (USD Million)
Table 53 South Korea: HTF Market, by End Use, 2022-2027 (USD Million)
8.2.5 Rest of Asia-Pacific
Table 54 Rest of Asia-Pacific: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 55 Rest of Asia-Pacific: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 56 Rest of Asia-Pacific: HTF Market, by End Use, 2018-2021 (USD Million)
Table 57 Rest of Asia-Pacific: HTF Market, by End Use, 2022-2027 (USD Million)
8.3 Europe
Figure 35 Europe: HTF Market Snapshot
Table 58 Europe: HTF Market, by Country, 2018-2021 (Kiloton)
Table 59 Europe: HTF Market, by Country, 2022-2027 (Kiloton)
Table 60 Europe: HTF Market, by Country, 2018-2021 (USD Million)
Table 61 Europe: HTF Market, by Country, 2022-2027 (USD Million)
Table 62 Europe: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 63 Europe: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 64 Europe: HTF Market, by End Use, 2018-2021 (USD Million)
Table 65 Europe: HTF Market, by End Use, 2022-2027 (USD Million)
8.3.1 Germany
8.3.1.1 Strong Manufacturing Sector to Propel Market Growth
Table 66 Germany: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 67 Germany: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 68 Germany: HTF Market, by End Use, 2018-2021 (USD Million)
Table 69 Germany: HTF Market, by End Use, 2022-2027 (USD Million)
8.3.2 France
8.3.2.1 Strong Base of Manufacturing Firms to Provide Impetus to Use HTFs
Table 70 France: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 71 France: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 72 France: HTF Market, by End Use, 2018-2021 (USD Million)
Table 73 France: HTF Market, by End Use, 2022-2027 (USD Million)
8.3.3 Italy
8.3.3.1 Country's Strong Focus on Environmental Protection to Foster Market Growth
Table 74 Italy: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 75 Italy: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 76 Italy: HTF Market, by End Use, 2018-2021 (USD Million)
Table 77 Italy: HTF Market, by End Use, 2022-2027 (USD Million)
8.3.4 UK
8.3.4.1 Rising Use of Renewable Energy to Spur Demand for HTFs
Table 78 UK: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 79 UK: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 80 UK: HTF Market, by End Use, 2018-2021 (USD Million)
Table 81 UK: HTF Market, by End Use, 2022-2027 (USD Million)
8.3.5 Spain
8.3.5.1 Production of Energy Using Renewables to Propel Market Growth
Table 82 Spain: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 83 Spain: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 84 Spain: HTF Market, by End Use, 2018-2021 (USD Million)
Table 85 Spain: HTF Market, by End Use, 2022-2027 (USD Million)
8.3.6 Rest of Europe
Table 86 Rest of Europe: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 87 Rest of Europe: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 88 Rest of Europe: HTF Market, by End Use, 2018-2021 (USD Million)
Table 89 Rest of Europe: HTF Market, by End Use, 2022-2027 (USD Million)
8.4 North America
Figure 36 North America: HTF Market Snapshot
Table 90 North America: HTF Market, by Country, 2018-2021 (Kiloton)
Table 91 North America: HTF Market, by Country, 2022-2027 (Kiloton)
Table 92 North America: HTF Market, by Country, 2018-2021 (USD Million)
Table 93 North America: HTF Market, by Country, 2022-2027 (USD Million)
Table 94 North America: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 95 North America: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 96 North America: HTF Market, by End Use, 2018-2021 (USD Million)
Table 97 North America: HTF Market, by End Use, 2022-2027 (USD Million)
8.4.1 US
8.4.1.1 Increasing Demand for Renewable Energy to Boost Market
Table 98 US: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 99 US: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 100 US: HTF Market, by End Use, 2018-2021 (USD Million)
Table 101 US: HTF Market, by End Use, 2022-2027 (USD Million)
8.4.2 Canada
8.4.2.1 Expertise in Emerging Technologies to Attract Major Investments
Table 102 Canada: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 103 Canada: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 104 Canada: HTF Market, by End Use, 2018-2021 (USD Million)
Table 105 Canada: HTF Market, by End Use, 2022-2027 (USD Million)
8.4.3 Mexico
8.4.3.1 Increased Foreign Investments in Oil & Gas Industry to Boost HTF Market
Table 106 Mexico: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 107 Mexico: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 108 Mexico: HTF Market, by End Use, 2018-2021 (USD Million)
Table 109 Mexico: HTF Market, by End Use, 2022-2027 (USD Million)
8.5 South America
Table 110 South America: HTF Market, by Country, 2018-2021 (Kiloton)
Table 111 South America: HTF Market, by Country, 2022-2027 (Kiloton)
Table 112 South America: HTF Market, by Country, 2018-2021 (USD Million)
Table 113 South America: HTF Market, by Country, 2022-2027 (USD Million)
Table 114 South America: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 115 South America: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 116 South America: HTF Market, by End Use, 2018-2021 (USD Million)
Table 117 South America: HTF Market, by End Use, 2022-2027 (USD Million)
8.5.1 Brazil
8.5.1.1 Growing Industrialization to Boost Market
Table 118 Brazil: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 119 Brazil: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 120 Brazil: HTF Market, by End Use, 2018-2021 (USD Million)
Table 121 Brazil: HTF Market, by End Use, 2022-2027 (USD Million)
8.5.2 Argentina
8.5.2.1 Economic Recovery to Favor Market Growth
Table 122 Argentina: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 123 Argentina: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 124 Argentina: HTF Market, by End Use, 2018-2021 (USD Million)
Table 125 Argentina: HTF Market, by End Use, 2022-2027 (USD Million)
8.5.3 Rest of South America
Table 126 Rest of South America: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 127 Rest of South America: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 128 Rest of South America: HTF Market, by End Use, 2018-2021 (USD Million)
Table 129 Rest of South America: HTF Market, by End Use, 2022-2027 (USD Million)
8.6 Middle East & Africa
Table 130 Middle East & Africa: HTF Market, by Country, 2018-2021 (Kiloton)
Table 131 Middle East & Africa: HTF Market, by Country, 2022-2027 (Kiloton)
Table 132 Middle East & Africa: HTF Market, by Country, 2018-2021 (USD Million)
Table 133 Middle East & Africa: HTF Market, by Country, 2022-2027 (USD Million)
Table 134 Middle East & Africa: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 135 Middle East & Africa: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 136 Middle East & Africa: HTF Market, by End Use, 2018-2021 (USD Million)
Table 137 Middle East & Africa: HTF Market, by End Use, 2022-2027 (USD Million)
8.6.1 Saudi Arabia
8.6.1.1 Growing Oil & Gas and Chemicals Industries to Push Market Growth
Table 138 Saudi Arabia: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 139 Saudi Arabia: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 140 Saudi Arabia: HTF Market, by End Use, 2018-2021 (USD Million)
Table 141 Saudi Arabia: HTF Market, by End Use, 2022-2027 (USD Million)
8.6.2 UAE
8.6.2.1 Rising Demand for HTFs from Oil & Gas Industry to Support Market Growth
Table 142 UAE: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 143 UAE: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 144 UAE: HTF Market, by End Use, 2018-2021 (USD Million)
Table 145 UAE: HTF Market, by End Use, 2022-2027 (USD Million)
8.6.3 Rest of Middle East & Africa
Table 146 Rest of Middle East & Africa: HTF Market, by End Use, 2018-2021 (Kiloton)
Table 147 Rest of Middle East & Africa: HTF Market, by End Use, 2022-2027 (Kiloton)
Table 148 Rest of Middle East & Africa: HTF Market, by End Use, 2018-2021 (USD Million)
Table 149 Rest of Middle East & Africa: HTF Market, by End Use, 2022-2027 (USD Million)