Press release
Heat Transfer Fluid Market By Product, By Application, Industry Analysis Report, Regional Outlook & Forecast, 2017 – 2024
"Rapid industrialization in developing countries particularly in the manufacturing sectors including chemical and automotive will drive heat transfer fluid demand. Favorable foreign direct investment in manufacturing sector, mainly in Asian economies along with the availability of cheap labor has supported the product penetration.”
Rising demand for precise application based on HTF for optimal energy efficiency is projected to propel industry growth. Implementation of Concentrated Solar Power (CSP) amenities in several industrialized countries for promoting renewable energy will fuel heat transfer fluid market development.
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Recent technological developments in the manufacturing sectors including, metal processing and plastics will significantly benefit the industry. In addition, increasing exploration activities in oil & gas industry, particularly in Europe and Asia Pacific will also support improved raw material availability over the projected timeframe. Thus, driving the heat transfer fluid market expansion.
Silicone & aromatics product segment will witness gains over 6% up to 2024 due to increasing necessity for synthetic thermal oils in numerous oil & gas and chemical industries. Improved functioning at elevated temperatures and display of high resistance towards thermal & oxidative deterioration will drive heat transfer fluid market growth.
Glycol product segment was valued over USD 300 million in 2016. Extensive usage in food & beverage industry coupled with FDA approval are primary factors for the growth of the segment. Moreover, surge in number of food processing services coupled with enhanced capacities for medical operations will boost glycol demand.
Browse key industry insights from the report, “Heat Transfer Fluid Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/heat-transfer-fluid-market
Oil & gas application segment is expected to reach over USD 880 million by 2024. Rising application for oil heating for offshore thermal processes is expected to propel heat transfer fluid market share over forecast time frame. Additionally, setting up of new terminals of LNG is expected to fuel product demand.
HVAC application segment will witness gains at over 6% up to 2024. Low initial investment compared to the cost of chillers, pumps, piping and other system components is projected to drive the heat transfer fluid market growth. However, system’s performance, longevity, and long-term maintenance costs depends on the type of product that is used in the process.
Asia Pacific is anticipated to observe gains at a rate of 7% up to 2024. Rising demand for the thermal management along with increasing recognition of renewal energy among consumers in developed countries including Japan and China is expected to drive the HTF landscape.
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Global heat transfer fluid market share is highly consolidated due to the presence of few key players in the industry. Dow Chemicals, Huntsman Corporation, BASF, Dynalene, KOST USA, Shin-Etsu and Duratherm are among the major industry participants.
Report Content
Chapter 6. Heat Transfer Fluid Market, By Region
6.1. Global Heat transfer fluid market share by region, 2016 & 2024
6.2. North America
6.2.1. Market estimates and forecast, 2013 – 2024
6.2.2. Market estimates and forecast, by product, 2013 – 2024
6.2.3. Market estimates and forecast, by application, 2013 – 2024
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2013 – 2024
6.2.4.2. Market estimates and forecast, by product, 2013 – 2024
6.2.4.3. Market estimates and forecast, by application, 2013 – 2024
6.2.5. Canada
6.2.5.1. Market estimates and forecast, 2013 – 2024
6.2.5.2. Market estimates and forecast, by product, 2013 – 2024
6.2.5.3. Market estimates and forecast, by application, 2013 – 2024
6.3. Europe
6.3.1. Market estimates and forecast, 2013 – 2024
6.3.2. Market estimates and forecast, by product, 2013 – 2024
6.3.3. Market estimates and forecast, by application, 2013 – 2024
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2013 – 2024
6.3.4.2. Market estimates and forecast, by product, 2013 – 2024
6.3.4.3. Market estimates and forecast, by application, 2013 – 2024
6.3.5. UK
6.3.5.1. Market estimates and forecast, 2013 – 2024
6.3.5.2. Market estimates and forecast, by product, 2013 – 2024
6.3.5.3. Market estimates and forecast, by application, 2013 – 2024
6.3.6. France
6.3.6.1. Market estimates and forecast, 2013 – 2024
6.3.6.2. Market estimates and forecast, by product, 2013 – 2024
6.3.6.3. Market estimates and forecast, by application, 2013 – 2024
6.3.7. Italy
6.3.7.1. Market estimates and forecast, 2013 – 2024
6.3.7.2. Market estimates and forecast, by product, 2013 – 2024
6.3.7.3. Market estimates and forecast, by application, 2013 – 2024
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2013 – 2024
6.4.2. Market estimates and forecast, by product, 2013 – 2024
6.4.3. Market estimates and forecast, by application, 2013 – 2024
6.4.4. China
6.4.4.1. Market estimates and forecast, 2013 – 2024
6.4.4.2. Market estimates and forecast, by product, 2013 – 2024
6.4.4.3. Market estimates and forecast, by application, 2013 – 2024
6.4.5. India
6.4.5.1. Market estimates and forecast, 2013 – 2024
6.4.5.2. Market estimates and forecast, by product, 2013 – 2024
6.4.5.3. Market estimates and forecast, by application, 2013 – 2024
6.4.6. Japan
6.4.6.1. Market estimates and forecast, 2013 – 2024
6.4.6.2. Market estimates and forecast, by product, 2013 – 2024
6.4.6.3. Market estimates and forecast, by application, 2013 – 2024
6.5. Central & South America (CSA)
6.5.1. Market estimates and forecast, 2013 – 2024
6.5.2. Market estimates and forecast, by product, 2013 – 2024
6.5.3. Market estimates and forecast, by application, 2013 – 2024
6.5.4. Argentina
6.5.4.1. Market estimates and forecast, 2013 – 2024
6.5.4.2. Market estimates and forecast, by product, 2013 – 2024
6.5.4.3. Market estimates and forecast, by application, 2013 – 2024
6.5.5. Venezuela
6.5.5.1. Market estimates and forecast, 2013 – 2024
6.5.5.2. Market estimates and forecast, by product, 2013 – 2024
6.5.5.3. Market estimates and forecast, by application, 2013 – 2024
6.5.6. Brazil
6.5.6.1. Market estimates and forecast, 2013 – 2024
6.5.6.2. Market estimates and forecast, by product, 2013 – 2024
6.5.6.3. Market estimates and forecast, by application, 2013 – 2024
6.6. Middle East & Africa (MEA)
6.6.1. Market estimates and forecast, 2013 – 2024
6.6.2. Market estimates and forecast, by product, 2013 – 2024
6.6.3. Market estimates and forecast, by application, 2013 – 2024
6.6.4. Saudi Arabia
6.6.4.1. Market estimates and forecast, 2013 – 2024
6.6.4.2. Market estimates and forecast, by product, 2013 – 2024
6.6.4.3. Market estimates and forecast, by application, 2013 – 2024
6.6.5. Kuwait
6.6.5.1. Market estimates and forecast, 2013 – 2024
6.6.5.2. Market estimates and forecast, by product, 2013 – 2024
6.6.5.3. Market estimates and forecast, by application, 2013 – 2024
6.6.6. UAE
6.6.6.1. Market estimates and forecast, 2013 – 2024
6.6.6.2. Market estimates and forecast, by product, 2013 – 2024
6.6.6.3. Market estimates and forecast, by application, 2013 – 2024
Chapter 7. Company Profiles
7.1. Dynalene, Inc.
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis
7.2. Indian Oil Corporation Ltd. (IOCL)
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis
7.3. KOST USA, Inc.
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. Strategic outlook
7.3.5. SWOT analysis
7.4. Hindustan Petroleum Corporation Ltd. (HPCL)
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. Strategic outlook
7.4.5. SWOT analysis
7.5. CFR Chemicals
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. Strategic outlook
7.5.5. SWOT analysis
7.6. Inlet Petroleum Company (IPC)
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. Strategic outlook
7.6.5. SWOT analysis
7.7. British Petroleum (BP)
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. Strategic outlook
7.7.5. SWOT analysis
7.8. Huntsman Corporation
7.8.1. Business overview
7.8.2. Financial data
7.8.3. Product landscape
7.8.4. Strategic outlook
7.8.5. SWOT analysis
7.9. Royal Dutch Shell Plc
7.9.1. Business overview
7.9.2. Financial data
7.9.3. Product landscape
7.9.4. Strategic outlook
7.9.5. SWOT analysis
7.10. Eastman Chemical Company
7.10.1. Business overview
7.10.2. Financial data
7.10.3. Product landscape
7.10.4. Strategic outlook
7.10.5. SWOT analysis
7.11. Phillips 66
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. Strategic outlook
7.11.5. SWOT analysis
7.12. Chevron Co.
7.12.1. Business overview
7.12.2. Financial data
7.12.3. Product landscape
7.12.4. Strategic outlook
7.12.5. SWOT analysis
7.13. BASF SE
7.13.1. Business overview
7.13.2. Financial data
7.13.3. Product landscape
7.13.4. Strategic outlook
7.13.5. SWOT analysis
7.14. Exxon Mobil
7.14.1. Business overview
7.14.2. Financial data
7.14.3. Product landscape
7.14.4. Strategic outlook
7.14.5. SWOT analysis
7.15. Dow Chemical Company
7.15.1. Business overview
7.15.2. Financial data
7.15.3. Product landscape
7.15.4. Strategic outlook
7.15.5. SWOT analysis
Browse full Table of Content @ https://www.gminsights.com/toc/detail/heat-transfer-fluid-market
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