Quick Summary:
Navigating the ebb and flow of the global market can be challenging, even for the most seasoned executives. The Global Heat Transfer Fluids (HTFs) Market report is an essential tool for understanding the terrain and forecasting trends. As the marketplace continues to expand, with projections reaching as much as US$15.5 billion by 2030, your competitive advantage relies on staying ahead of the curve. This report offers unparalleled insights on key market segments including Mineral Oils and Aromatic Fluids, providing crucial data for strategic decision making.
Recognizing the significant roles the U.S. and China markets play in the global landscape, our analysis provides a detailed breakdown of these areas, along with other noteworthy geographies such as Germany, Japan, and Canada. Furthermore, we have featured 12 leading competitors and their market shares. This report goes beyond data delivery and facilitates a deeper understanding of global market trends, helping your business navigate to success amid changing market conditions.
Global Heat Transfer Fluids (HTFs) Market to Reach $15.5 Billion by 2030
The global market for Heat Transfer Fluids (HTFs) estimated at US$11.1 Billion in the year 2022, is projected to reach a revised size of US$15.5 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Mineral Oils, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$4.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aromatic Fluids segment is readjusted to a revised 3.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 6.5% CAGR
The Heat Transfer Fluids (HTFs) market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.Select Competitors (Total 12 Featured) -
- Acota Ltd.
- Applied Thermal Control
- Arkema Group
- BASF SE
- Bharat Petroleum Corp. Ltd.
- Chevron Corporation
- Dalian Richfortune Chemicals Co., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Dynalene, Inc.
- Eastman Chemical Company
- Exxon Mobil Corporation
- Global Heat Transfer, LLC
- Hindustan Petroleum Corporation Limited
- Honeywell International, Inc.
- Huntsman Corporation
- Indian Oil Corporation Ltd.
- Lanxess AG
- LAVA Chemical Limited
- Lytron, Inc.
- Paratherm
- Petro-Canada
- Phillips 66 Company
- Radco Industries, Inc.
- Royal Dutch Shell PLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Heat Transfer Fluids (HTFs)?
What is the growth rate of the Global Market for Heat Transfer Fluids (HTFs)?
What is the forecasted size of the Global Market for Heat Transfer Fluids (HTFs)?
Who are the key companies in the Global Market for Heat Transfer Fluids (HTFs)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 179 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 11.1 Billion |
| Forecasted Market Value ( USD | $ 15.5 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Acota Ltd.
- Applied Thermal Control
- Arkema Group
- BASF SE
- Bharat Petroleum Corp. Ltd.
- Chevron Corporation
- Dalian Richfortune Chemicals Co., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Dynalene, Inc.
- Eastman Chemical Company
- Exxon Mobil Corporation
- Global Heat Transfer, LLC
- Hindustan Petroleum Corporation Limited
- Honeywell International, Inc.
- Huntsman Corporation
- Indian Oil Corporation Ltd.
- Lanxess AG
- LAVA Chemical Limited
- Lytron, Inc.
- Paratherm
- Petro-Canada
- Phillips 66 Company
- Radco Industries, Inc.
- Royal Dutch Shell PLC
