Press release
Heat Transfer Fluids Market Analysis by Regions, Applications 2032 | Companies- Element Solutions Inc (U.S.), Caldic B.V. (Netherlands)
The global heat transfer fluids market size is projected to reach USD 5,372.24 million by the end of 2027. The increasing demand for concentrated solar power will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled "Heat Transfer Fluids Market Size, Share & Industry Analysis, By Type (Silicone Fluids, Aromatic Fluids, Mineral Oils, Glycol Based Fluids, and Others), By Application (Oil & Gas, Chemical, Concentrated Solar Power, Food & Beverages, Plastics, Pharmaceutical, HVAC and Others), and Regional Forecast, 2020-2027," the market was worth USD 3,477.90 million in 2019 and will exhibit a CAGR of 5.78% during the forecast period, 2020-2027.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/heat-transfer-fluids-market-105543
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โถ Element Solutions Inc (U.S.)
โถ Caldic B.V. (Netherlands)
โถ Eastman Chemical Company (U.S.)
โถ Schultz Chemicals (Canada)
โถ Arkema S.A. (France)
โถ Isel (Florida)
โถ FRAGOL AG (Germany)
โถ Clearco Products Co., Inc. (U.S.)
โถ Arteco (Belgium)
โถ Eastern Petroleum (North Carolina)
โถ Dynalene, Inc. (Pennsylvania)
โถ Honeywell International Inc. (U.S.)
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/heat-transfer-fluids-market-105543
Heat transfer fluids are widely used in several industry verticals including oil and gas, healthcare, chemicals, pharmaceuticals, and others. These fluids are used to transfer heat over two objects or areas; wherein they cool one side of the process and heat and store on the other side. The presence of several large scale companies with a wider consumer base and excellent product portfolios will open up a huge potential for the growth of the market. The massive investment in the research and development of efficient products will emerge in favor of market growth. The rising demand for concentrated solar power will contribute to the growing adoption for the product across the world. The increasing demand for the product will have a direct impact on the businesses of large scale enterprises as well as SMEs across the world.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ฎ๐ฆ๐๐๐ซ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ข๐ฅ๐ฅ ๐๐ฆ๐๐ซ๐ ๐ ๐ข๐ง ๐ ๐๐ฏ๐จ๐ซ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on market growth. The massive investment put in by major companies for the development of efficient products will bode well for the growth of the market in the coming years. In April 2019, Eastman Chemical announced that it has completed the acquisition of Marlotherm. The company possesses an attractive range of heat transfer fluids and intellectual property. The company also possesses proper formulations and a wider consumer base, in addition to the aforementioned factors. Through this acquisition, the company will look to expand its heat transfer fluids across the world. Eastman's acquisition of Marlotherm will not just benefit the company but will have a direct impact on the growth of the overall market in the coming years.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง- https://www.fortunebusinessinsights.com/heat-transfer-fluids-market-105543
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐๐ฆ๐๐ซ๐ ๐ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐ญ; ๐๐ซ๐๐ฌ๐๐ง๐๐ ๐จ๐ ๐๐๐ฏ๐๐ซ๐๐ฅ ๐๐๐ซ๐ ๐ ๐๐๐๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ญ๐จ ๐๐ข๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The report analyzes ongoing market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years. The stringent regulations surrounding the overall carbon emissions will lead to a wider adoption of heat transfer fluids across this region. Moreover, the high investment in product innovations will bode well for market growth. The market in North America will derive substantial growth from the presence of several large scale manufacturers in this region. As of 2019, the market in 2018 was worth USD 834.52 million and this value is projected to increase further in the coming years.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.fortunebusinessinsights.com/industry-reports/refrigerant-market-101745
๐๐๐จ๐ญ๐ก๐๐ซ๐ฆ๐๐ฅ ๐๐๐๐ญ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ- https://www.fortunebusinessinsights.com/industry-reports/geothermal-heat-pump-market-100747
๐๐ง๐ญ๐ข๐๐ซ๐๐๐ณ๐ & ๐๐จ๐จ๐ฅ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.fortunebusinessinsights.com/antifreeze-coolants-market-103039
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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