Heat Transfer Fluids Market by Type (Mineral Oils, Silicones & Aromatics, and Glycols), End-use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, and Food & Beverage), and Region - Global Forecast to 2022

  • ID: 4428240
  • Report
  • Region: Global
  • 140 Pages
  • Markets and Markets
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The Heat Transfer Fluids Market Was Valued 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.

FEATURED COMPANIES

  • Acota
  • Basf
  • Dow
  • Exxonmobil
  • Huntsman
  • Lytron Inc.
  • MORE

The heat transfer fluids market is projected to grow at a CAGR of 6.9% in terms of value during the forecast period

The heat transfer fluids market was valued 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 growing demand from the chemical and oil & gas industries for energy optimization is driving the heat transfer fluids market, while fire and explosion hazards restrain demand.
 
Among types, the market for silicones & aromatics based heat transfer fluids is projected to grow at the highest CAGR from 2017 to 2022

Silicones & aromatics is the highest growing heat transfer fluid type. High performance properties such as ability to withstand high temperatures and high energy efficiency are major factors responsible for the high growth of the market. Moreover, this type is widely used in the chemical processing end-use industry, which is the largest market for heat transfer fluids globally.

Among end-use industries, the renewable energy segment market is projected to grow at the highest CAGR during the forecast period

Renewable energy is the fastest-growing end-use industry due to increasing efforts across the world to conserve energy and use alternative sources of energy which are environment friendly. Heat transfer fluids are used in concentrated solar plants and for bio-diesel production. Growing demand for concentrated solar power for primary energy purposes in developed and emerging countries such as the US, China, Spain, South Africa, and India are also major factors for highest growth rate.

The Asia Pacific heat transfer fluids market is projected to grow at the highest CAGR during the forecast period

The Asia Pacific heat transfer fluids market is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for heat transfer fluids in chemical and oil & gas projects. Countries in the Asia Pacific are expanding their production capacities and investing in new projects to decrease dependence on imports and thereby boosting regional energy security and autonomy.

This study has been validated through primaries conducted with various industry experts, worldwide. The primary sources have been divided into three categories, namely, company type, designation, and region.

  • By Company Type - Tier 1-70%, Tier2 -20%, and Tier 3-10%
  • By Designation - C Level-5%, Director Level-20%, and Others-75%
  • By Region - Asia Pacific-45%, Europe-35%, Middle East & Africa-10%, North America-5%, and South America-5%

Companies Profiled in the Report:

The key players profiled in the report include Dow (US), Eastman (US), Exxon Mobil (US), Chevron (US), Paratherm (US), BASF (Germany), Lanxess (Germany), Huntsman (US), and Global Heat Transfer (UK).

Research Coverage:

The report offers insights on heat transfer fluids used for various applications in various end-use industries across regions. It aims at estimating the size of the heat transfer fluids market during the forecast period and projects future growth potential of the market across different segments, such as form, end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the heat transfer fluids market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in the heat transfer fluids market by providing them the closest approximations of the revenues for the overall market and its various subsegments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities impacting the growth of the heat transfer fluids market.

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FEATURED COMPANIES

  • Acota
  • Basf
  • Dow
  • Exxonmobil
  • Huntsman
  • Lytron Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Heat Transfer Fluids Market
4.2 Heat Transfer Fluids Market, By End-Use Industry
4.3 APAC Heat Transfer Fluids Market, By End-Use Industry and Country
4.4 Heat Transfer Fluids Market, By Type
4.5 Heat Transfer Fluids Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand in the Chemical Industry
5.2.1.2 Improved Performance of Heat Transfer Fluids
5.2.1.3 High Demand in the APAC Region
5.2.2 Restraints
5.2.2.1 Fire and Explosion Hazards
5.2.3 Opportunities
5.2.3.1 High Growth Potential in the CSP Industry
5.2.3.2 High Potential for the Development of Bio-Based Heat Transfer Fluids
5.2.3.3 Growing Demand for Heat Exchangers
5.2.4 Challenges
5.2.4.1 Fluctuating Raw Material Prices
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Growth Rate Forecast of Major Economies
5.4.2 Energy Consumption Data, 2016
5.4.3 Crude Oil Production Data, 2016

6 Heat Transfer Fluids Market, By Type
6.1 Introduction
6.2 Mineral Oils
6.3 Silicones & Aromatics
6.4 Glycols
6.5 Others
6.5.1 Molten Salts
6.5.2 Ionic Fluids
6.5.3 Nanofluids

7 Heat Transfer Fluids Market, By End-Use Industry
7.1 Introduction
7.2 Oil & Gas
7.2.1 Exploration
7.2.2 Refining
7.3 Chemical Processing
7.3.1 Heating and Cooling
7.3.2 Fine Chemical Batch Processing
7.3.3 Waste Heat Recovery
7.3.4 Plastic Processing
7.4 Automotive
7.5 Renewable Energy
7.5.1 CSP
7.5.2 Biodiesel Production
7.6 Food Processing & Packaging
7.6.1 Chilling & Freezing
7.6.2 Dehumidifying
7.7 Pharmaceuticals
7.8 Others
7.8.1 Electronics
7.8.2 HVAC
7.8.3 Aerospace

8 Heat Transfer Fluid Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Indonesia
8.2.6 Thailand
8.2.7 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 UK
8.4.3 Italy
8.4.4 France
8.4.5 Russia
8.4.6 Rest of Europe
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 UAE
8.5.3 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Scenario
9.3.1 New Product Launches
9.3.2 Mergers & Acquisitions
9.3.3 Investments & Expansions

10 Company Profiles
(Company at A Glance, Recent Financials, Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 DOW
10.2 Eastman
10.3 Exxonmobil
10.4 Chevron
10.5 Paratherm
10.6 BASF
10.7 Lanxess
10.8 Huntsman
10.9 Global Heat Transfer
10.10 Shell
*Details on Company at A Glance, Recent Financials, Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10.11 Other Companies
10.11.1 Bharat Petroleum
10.11.2 Phillips 66
10.11.3 Indian Oil
10.11.4 Arkema
10.11.5 Acota
10.11.6 Radco Industries
10.11.7 Zhongneng Chemical
10.11.8 Honeywell International
10.11.9 Dynalene, Inc.
10.11.10 Lytron Inc.
10.11.11 Hindustan Petroleum Corporation Ltd.
10.11.12 Petro-Canada
10.11.13 Dalian Richfortune Chemicals
10.11.14 Applied Thermal Control

11 Appendix
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables
Table 1 Forecast of GDP Growth Rates From 2016 to 2022
Table 2 Heat Transfer Fluids Market Size, By Type, 2015-2022 (Kiloton)
Table 3 By Market Size, By Type, 2015-2022 (USD Million)
Table 4 By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 5 By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 6 By Market Size, By Region, 2015-2022 (Kiloton)
Table 7 By Market Size, By Region, 2015-2022 (USD Million)
Table 8 APAC: By Market Size, By Country, 2015-2022 (Kiloton)
Table 9 APAC: By Market Size, By Country, 2015-2022 (USD Million)
Table 10 APAC: By Market Size, By Type, 2015-2022 (Kiloton)
Table 11 APAC: By Market Size, By Type, 2015-2022 (USD Million)
Table 12 APAC: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 13 APAC: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 14 China: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 15 China: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 16 India: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 17 India: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 18 Japan: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 19 Japan: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 20 South Korea: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 21 South Korea: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 22 Indonesia: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 23 Indonesia: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 24 Thailand: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 25 Thailand: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 26 North America: Heat Transfer Fluids Market Size, By Country, 2015-2022 (Kiloton)
Table 27 North America: By Market Size, By Country, 2015-2022 (USD Million)
Table 28 North America: By Market Size, By Type, 2015-2022 (Kiloton)
Table 29 North America: By Market Size, By Type, 2015-2022 (USD Million)
Table 30 North America: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 31 North America: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 32 US: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 33 US: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 34 Canada: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 35 Canada: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 36 Mexico: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 37 Mexico: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 38 Europe: By Market Size, By Country, 2015-2022 (Kiloton)
Table 39 Europe: By Market Size, By Country, 2015-2022 (USD Million)
Table 40 Europe: By Market Size, By Type, 2015-2022 (Kiloton)
Table 41 Europe: By Market Size, By Type, 2015-2022 (USD Million)
Table 42 Europe: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 43 Europe: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 44 Germany: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 45 Germany: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 46 UK: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 47 UK: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 48 Italy: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 49 Italy: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 50 France: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 51 France: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 52 Russia: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 53 Russia: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 54 Middle East & Africa: By Market Size, By Country, 2015-2022 (Kiloton)
Table 55 Middle East & Africa: By Market Size, By Country, 2015-2022 (USD Million)
Table 56 Middle East & Africa: By Market Size, By Type, 2015-2022 (Kiloton)
Table 57 Middle East & Africa: By Market Size, By Type, 2015-2022 (USD Million)
Table 58 Middle East & Africa: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 59 Middle East & Africa: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 60 Saudi Arabia: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 61 Saudi Arabia: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 62 UAE.: Heat Transfer Fluids Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 63 UAE.: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 64 South America: Heat Transfer Fluids Market Size, By Country, 2015-2022 (Kiloton)
Table 65 South America: By Market Size, By Country, 2015-2022 (USD Million)
Table 66 South America: By Market Size, By Type, 2015-2022 (Kiloton)
Table 67 South America: By Market Size, By Type, 2015-2022 (USD Million)
Table 68 South America: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 69 South America: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 70 Brazil: Heat Transfer Fluids Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 71 Brazil: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 72 Argentina: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 73 Argentina: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 74 New Product Launches, 2012-2017
Table 75 Mergers & Acquisitions, 2012-2017
Table 76 Investments & Expansions, 2012-2017

List of Figures
Figure 1 Heat Transfer Fluids Market Segmentation
Figure 2 Heat Transfer Fluids Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Heat Transfer Fluids Market: Data Triangulation
Figure 6 Silicones & Aromatics to Dominate Heat Transfer Fluids Market Between 2017 and 2022
Figure 7 Chemical Processing to Lead Heat Transfer Fluids Market Between 2017 and 2022
Figure 8 US to Be Largest Heat Transfer Fluids Market Between 2017 and 2022
Figure 9 APAC Was the Largest Heat Transfer Fluids Market in 2016
Figure 10 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2017 and 2022
Figure 11 Renewable Energy to Be the Fastest-Growing End-Use Industry of Heat Transfer Fluids Between 2017 and 2022
Figure 12 Chemical Processing to Be the Largest End-Use Industry in 2016
Figure 13 Mineral Oils to Be the Largest Heat Transfer Fluids Market Between 2017 and 2022
Figure 14 APAC Emerged as the Largest Heat Transfer Fluids Market in 2016
Figure 15 Factors Governing the Heat Transfer Fluids Market
Figure 16 Porter’s Five Forces Analysis of Heat Transfer Fluids Market
Figure 17 Silicones & Aromatics to Lead Heat Transfer Fluids Market During Forecast Period
Figure 18 Chemical Processing to Lead Heat Transfer Fluids Market During Forecast Period
Figure 19 India to Register Fastest Growth in Heat Transfer Fluids Market
Figure 20 APAC Market Snapshot: Growing Chemical Industry to Drive Heat Transfer Fluids Market
Figure 21 North America Market Snapshot: Increasing Production of Shale Gas Driving Heat Transfer Fluids Market
Figure 22 Europe Market Snapshot: Germany Dominates Heat Transfer Fluid Market in Europe
Figure 23 Companies Adopted Investment & Expansion as the Key Growth Strategy
Figure 24 Market Ranking of Key Players, 2016
Figure 25 Dow: Company Snapshot
Figure 26 Eastman: Company Snapshot
Figure 27 Exxonmobil: Company Snapshot
Figure 28 Chevron: Company Snapshot
Figure 29 BASF: Company Snapshot
Figure 30 Lanxess: Company Snapshot
Figure 31 Huntsman: Company Snapshot
Figure 32 Shell: Company Snapshot

Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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