Heat Transfer Fluid Market Trends by Key Players: British Petroleum, Shell, ExxonMobil and Dow Chemical catering to the key industry demands. Other prominent players include, Dynalene, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Eas
Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: s
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/415
Oil & gas application accounted for more than 23% of overall industry share in 2016. Increasing product usage in offshore oil & gas production will fuel the product demand. Rising demand for petroleum based products along with increasing number of LNG terminals will drive the business growth.
Concentrated solar power (CSP) is anticipated to witness growth over 7.5% up to 2024. Growth in CSP industry along with government promotions for renewable energy sources will drive the heat transfer fluid market size. Global installed capacity of CSP was over 5,000 MW in 2016.
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.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/415
Heat Transfer Fluid (HTF) Market, By Material
• Silicones & aromatics
• Mineral oils
• Others (Molten salts, HFPE and PFPE)
Heat Transfer Fluid (HTF) Market, By Product
• Oil & gas
• Concentrated Solar Power (CSP)
• Food & beverages
• Heating, Ventilation & Air Conditioning (HVAC)
• Others (Transportation, biodiesel and waste heat recovery)
Browse Full Report @ https://www.gminsights.com/industry-analysis/heat-transfer-fluid-market
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.
Europe was valued over USD 750 million in 2016. Stringent environmental and energy regulations coupled with emergence of bio-based products will fuel the industry growth. Increasing manufacturer focus on energy conservation and sustainable products will propel the heat transfer fluid demand.
Global industry share is highly consolidated as the top five players account for around 75% of the industry share. Eastman Company, Dow Chemicals, Shell, British Petroleum and Exxon Mobil are the major industry players. Dow Chemicals dominate the industry accounting for over 28% in 2016. Mergers & acquisitions, collaborations, new product launches and capacity expansion are the major strategies observed.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heat Transfer Fluid Market Trends by Key Players: British Petroleum, Shell, ExxonMobil and Dow Chemical catering to the key industry demands. Other prominent players include, Dynalene, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Eas here
News-ID: 1285457 • Views: 525
More Releases from Global Market Insights, Inc.
Europe sodium silicate market is set to witness increasing demand over 2020-2024
Europe sodium silicate market is set to witness increasing demand over the forecast timeframe. In 2016, Europe accounted for more than 20% of the global sodium silicate market share. The region’s environmentally friendly regulations and increasing awareness would be increasing wastepaper recycling demand, stimulating industry growth during the forecast period. Owing to the integral nature of sodium silicate in a number of high-revenue application segments and the anticipated rise in
North America Thermal spray coating market to experience strong demand across ae …
Regionally, North America will emerge as a profitable revenue pocket for thermal spray coating market share in the coming years. High purchasing power among people in the region is supporting expansion in various sectors such as automobiles, aerospace, healthcare and construction. In 2016, North America thermal spray coating market size with respect to revenues was valued at over USD 2.3 billion due to the need to achieve cost optimization in
Increasing consumer inclination towards compact devices to bolster liquid crysta …
Shifting trends towards miniaturization of electronic components is poised to drive global liquid crystal polymer (LCP) market size, along with growing consumer demand for sleek and compact electronic devices. Liquid crystal polymers are high performance engineering plastics based on p-HPA (hydroxy phthalic acid) and related monomers. It has wide application outlook in consumer goods packaging owing to its superior mechanical & physical properties and processability. Liquid crystal polymers find wide range
Sodium sulfide market size is slated to top $665 mn by 2024, pulp & paper applic …
Sodium sulfide market from pulp & paper application is projected to garner robust CAGR of 6.5% through 2024, mainly attributed to demand growth of tissue and packaging papers in APAC, Europe and South America. It is worth mentioning that the product has become highly sought-after in processing of bamboo, wood, bagasse fibers to pulp and bleaching of the pulp that bolster the strength of paper. Get sample copy of this research
More Releases for Contact
Global Smart Contact Lenses Market Report 2018
Global Smart Contact Lenses Market Report 2018-2022: The report on Global Smart Contact Lenses Market, documents a detailed study of different aspects of the Global Smart Contact Lenses Market. It shows the steady growth in market in spite of the fluctuations and changing market trends. In the past four years the Global Smart Contact Lenses Market has grown to a booming value of $xxx million and is expected to grow more. Every
Contact Center Analytics Market - The Implementation of Contact Center Analytics
The significant benefits of contact center analytics is that it helps in monitoring the service quality of each employee-customer interactions and thereby help in streamlining operational and business issues. Contact center analytics also aid in reducing operational & overhead expenses. One time implementation of contact center analytics alleviate frequently repeated issues. Furthermore, customer experience is the valuable element in any contact center business segment. So it’s important in transforming
Global Contact Lenses Market Growth 2025
In this report, the global Contact Lenses market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Contact Lenses in these regions, from 2013 to 2025 (forecast), covering North
Incentivising Contact Centre Teams
The establishment of incentives is an important process for every contact centre, and the KPI’s are typically aligned with the overall corporate strategy and mission. How KPI’s are set, will in part be determined by the type of contact centre i.e. sales, service or support, and the indicators will consider customer satisfaction, operational efficiency, sales, and agent quality for example. Choosing the measurements for success and the subsequent rewards also
Contact Lens Market - Trends, Outlook 2025
A contact lens is a medical device used for cosmetic and therapeutic reasons, primarily for vision correction. Contact lens provides enhanced peripheral vision as it does not accumulate moisture from the atmosphere. The vast variety and affordability of contact lens make it a common lifestyle product. Contact lens provides high compatibility as it can be worn along with other eye wear choices such as sunglasses. Lenses offer clear peripheral and
In contact at last
NORRES PUR AS hose family with electrostatic discharge capability now also available with compatible CONNECT Safety Clamp Systems The use of wall materials that are conductive or capable of electrostatic discharge is often recommended for transport hoses in hazardous areas. Last year, NORRES Schlauchtechnik (Gelsenkirchen, Germany) unveiled its new, permanently antistatic PUR AS hose family with electrostatic discharge capability. The NORRES CONNECT Safety Clamp Systems 230, 231 and 232, which allow