Thermic Fluid Market To Gain Substantial Traction Through 2031

Global Thermic Fluid report from Global Insight Services is the single authoritative source of intelligence on Thermic Fluid market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Thermic fluid, also known as heat transfer fluid, is a type of liquid that is used to transfer heat from one point to another. Thermic fluids are typically used in heat exchangers, where they are used to transfer heat from a hot fluid to a cold fluid. Thermic fluids are also used in some types of heaters, such as those used in the food industry. Thermic fluids are usually made from a variety of different materials, including water, oil, and glycol.

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Market Segments
The thermic fluid market bifurcated on the basis of type, end-user, and region. On the basis of type, it is segmented into mineral oils, silicon & aromatics, glycols, and others. By end-user, it is analyzed across food & beverage, chemical, pharmaceutical, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Players
The thermic fluid market report includes players such as Solutia Inc., Dow Chemical's Co., ExxonMobil, Shell Corporation, BP, BASF SE, Bharat Petroleum Corp. Ltd., DuBois Chemicals Inc., Eastman Chemical Co., and Lubrex FZC.

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Key Drivers
The key drivers of the Thermic Fluid market are the increasing demand for thermal management solutions in various end-use industries, such as electronics, automotive, and chemical processing, and the growing adoption of thermic fluids as a heat transfer medium in these industries. Other factors driving the market growth include the favorable properties of thermic fluids, such as high thermal stability, low toxicity, and low flammability, and the increasing government regulations mandating the use of thermal fluids in certain applications.

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