Heat Transfer Fluid Market Analysis By Top Key Player like Eastman Company, Dow Chemicals, Shell, British Petroleum & More
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 Heat Transfer Fluid 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.
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Asia Pacific will witness growth over 7% up to 2024. Increasing manufacturing facilities in oil & gas, chemical, and food & beverages industry coupled with government support will drive the business growth. Favorable policies for CSP installations along with government initiatives on solar based power generation will support the heat transfer fluid market.
Increasing need to maintain temperatures in several end-use industries to enhance efficient and maintenance free production will drive the product demand. Rapid industrialization leading to increase in manufacturing plants particularly in emerging economies will propel heat transfer fluid market.
Rising product demand to transfer heat from collectors to generator in CSPs has enhanced industry growth. Moreover, increasing product usage in cooling systems due to its high temperature stability will drive the product demand.
Increasing exploration of oil reservoirs along with rising natural gas production mainly in gulf countries will drive the industry growth. Shifting preference from steam/ water systems towards thermal oil will support product penetration.
Silicone & aromatics are estimated to generate over 375 kilo tons by 2024. Superior thermal stability, chemical & abrasion resistance when exposed to high temperature and oxidation conditions will drive the product demand. Rising demand from flow control, electronic, pressure and temperature control applications will support industry growth.
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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.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Heat Transfer Fluid Industry Insights
Chapter 4. Global Heat Transfer Fluid Market, By Product
Chapter 5. Global Heat Transfer Fluid Market, By Application
Chapter 6. Global Heat Transfer Fluid Market, By Region
Chapter 7. Company Profiles
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United States Heat Transfer Fluid Market Report 2017
In this report, the United States Heat Transfer Fluid market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
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