Global Heat Transfer Fluids Market Analyze By Top Leading Companies Like Exxon Mobil Corporation, Royal Dutch Shell plc, The Dow Chemical Company, BP P.L.C. and Eastman chemical Company

The report “Heat Transfer Fluids Market By Product (Silicones & Aromatics, Mineral Oils, Glycol-Based Fluids and Others) – Global Forecast to 2022”, issued by Crystal Market Research, the market has come across substantial development in the recent years and is projected to grow significantly over the forecast period.

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Heat Transfer Fluids Market by Product and Application - Global Industry Analysis and Forecast to 2022: Industry Analysis
The global heat transfer fluids market was evaluated around USD 1.75 billion in the 2012 and is expected to reach approximately USD 4.12 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 8.92% over the forecast period. Speedy industrialization in BRICS countries, especially in production sectors involving metal processing, automotive, oil & gas, and chemical, is anticipated to be a key factor fueling the demand. Growth driving factors for production segment in these areas include technological know-how, availability of large pool of skilled labor and encouraging overseas investment norms. Extensive development in oil and gas production is expected to influence the market growth during the forecast period positively. Concentrated solar power (CSP) is a promising technology to recuperate solar energy. This needs a mean to transmit the generated heat from the collectors to the generators and sequentially constantly chill the PV surface. Rising CSP plants installation in countries including the United States, China, and France is anticipated to boost the demand for product in this section during the projected future. These substances are also necessary for chemical and pharmaceutical plants to preserve the temperature of equipment and furnace in group processes. They are also utilized as heat recovery fluids and coolant in thermal reactors throughout these industries. Rising chemical and pharmaceutical production industries in BRIC countries are expected to fuel product demand in these sections. Strict environmental regulations along with the uneven raw material (including base oil, crude oils) supply-demand scenario are anticipated to hamper market growth over the projected period.

Global Heat Transfer Fluids Market: Competitive Outlook and Trend Analysis
Global heat transfer fluids market is extremely fused with leading five participants including Exxon Mobil Corporation, Royal Dutch Shell plc, The Dow Chemical Company, BP P.L.C. and Eastman chemical Company, reporting for around 75% in 2014. In 2014, the Dow Chemical Company was the market leader with a market share of around 28% of the global market revenue. The company presents thermal fluids for an extensive host of industries involving pharmaceutical, energy & water, industrial, and chemical. Key products presented in the heat transfer section involve inhibited glycol fluids and artificial fluids. Market players are investing a lot in research and development to expand bio-based thermic oils due to strict environmental regulations concerning the synthetic equivalents. Market players have also been funding to commercialize nanofluids with improved thermal characteristics and multi-utility in a variety of applications.

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The global heat transfer fluids market is segmented as follows –
By Product:
Silicones & Aromatics
Mineral Oils
Glycol-Based Fluids
Others

By Application:
Oil & gas
Chemical industry
CSP
Food & beverages
Plastics
Pharmaceuticals
HVAC
Others

By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

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Global Heat Transfer Fluids Market: Regional Analysis
In 2014, European heat transfer fluids market ruled the global market, with an overall demand more than 140.0-kilotons. It is anticipated to lose market share to elevated growth industries including South & Central America and Asia Pacific during the forecast years. Augmented population along with elevated energy demand has stimulated the energy and power sector. Fresh developments seen in new solar plants together with rising energy needs are anticipated to fuel the heat transfer fluids market in the European region. Rising need for utilizing surplus energy and heat dissolute in key industries like HVAC, concentrated solar power (CSP), chemical plants are anticipated to fuel market penetration in this region during the forecast years. Asia Pacific regional heat transfer fluids industry is predicted to experience the high benefits during the forecast years and reports for around 24% of the overall market share by 2022. Growing renewal energy segment and brisk expansion in thermal management are anticipated to fuel the heat transfer fluids market in Japan and China. North America region is expected to witness a sluggish growth due to steady demands in key end-user industries, reporting for around 28% of overall market revenue by 2022.

Key Topics Covered of Global Heat Transfer Fluids Market:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Concentrating Solar Power (CSP) Industry
3.2.1.2. FDA Approval For Food Grade Heat Transfer Fluids
3.2.1.3. Growing Importance Of Thermal Fluid Systems Over Steam Systems
3.2.2. Restraints
3.2.2.1. Stringent Environment Regulation
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

Chapter 4. Heat Transfer Fluids Market, By Product

4.1. Introduction

4.2. Heat Transfer Fluids Market Assessment and Forecast, By Product, 2012-2022

4.3. Silicones & Aromatics

4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.4. Mineral Oils

4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.5. Glycol-Based Fluids

4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.6. Other Products

4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

Chapter 5. Heat Transfer Fluids Market, By Application

Chapter 6. Heat Transfer Fluids Market, By Region

Chapter 7. Company Profiles

…Read Full Table of Contents

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