Press release
Heat Transfer Fluids Market is Projected to Reach USD 13.4 Billion in 2035
Heat Transfer Fluids Market is Projected to Reach USD 13.4 Billion in 2035
MarketGenics, a leading global provider of industrial and energy research, announced new insights into the Heat Transfer Fluids (HTFs) Market, highlighting rising adoption across renewable energy, chemical processing, automotive, and food industries.
The market insights emphasize thermal efficiency, industrial energy savings, and the shift toward sustainable, bio-based solutions, making HTFs an indispensable part of modern energy and manufacturing infrastructure.
Get the complete market breakdown - statistics, insights, and future outlook: https://marketgenics.co/reports/heat-transfer-fluids-market-83090
Recent Investment
In August 2025, Global Heat Transfer launched Globaltherm DBT, a new synthetic heat transfer fluid for closed, forced circulation systems, targeting applications in chemicals and plastics.
Partnership
In February 2024, Eastman Chemical Company partnered with a Chinese solar plant developer, supplying next-generation Therminol fluids optimized for concentrated solar power (CSP) plants in Asia Pacific.
Green Energy Initiative
In 2024, Dow introduced a new glycol-based HTF line with 27% improved biodegradability and 18% higher thermal efficiency at low temperatures, aligning with sustainability goals across food processing and HVAC industries.
To know more about the Heat Transfer Fluids Market - Download our Sample Report: https://marketgenics.co/download-report-sample/heat-transfer-fluids-market-83090
Heat Transfer Fluids Market Forecast 2035
According to the report, the global Heat Transfer Fluids Market is expected to grow from USD 8.9 Billion in 2025 to USD 13.4 Billion in 2035, at a CAGR of 4.1%.
Asia Pacific leads the market with 42.7% share (USD 3.8 Billion in 2025), driven by industrialization, solar thermal installations, and growing chemical production hubs.
Glycol-based fluids dominate with ~40% share in 2025, favored for their corrosion resistance, freeze protection, and versatility across HVAC, automotive, and food applications.
Key Driver, Restraint, and Growth Opportunity Shaping the Global Heat Transfer Fluids Market
Driver: Growing deployment of renewable energy projects, particularly CSP plants, where HTFs ensure efficiency and plant longevity.
Restraint: Volatility in crude oil and derivative chemical costs, impacting raw material pricing and production margins for synthetic and glycol-based fluids.
Opportunity: Expanding EV battery thermal management - demand for dielectric, fire-resistant, and high-performance HTFs is surging with fast-charging and high-density battery platforms.
Expansion of Global Heat Transfer Fluids Market
"Renewables, Industrial Efficiency, and EV Battery Cooling Driving Market Growth"
Renewables: Dow's DOWTHERM CSP fluid and Eastman's Therminol 66 are powering CSP projects such as Noor Energy 1 in Dubai, ensuring high-efficiency solar power storage and transmission.
Industrial Applications: Eastman expanded Therminol fluids for chemical and manufacturing use, while Clariant added glycol-based HTFs for chillers and HVAC cooling.
EV & Data Centers: Henkel launched e-Thermal fluids in 2024 for EV battery immersion cooling, while Eastman's Fluid Genius AI platform enables predictive HTF maintenance in industrial systems.
Get a preview of our Heat Transfer Fluids Market Playbook - your guide to GTM strategy, competitive intelligence, supplier dynamics, and patient behavior trends: https://marketgenics.co/press-releases/heat-transfer-fluids-market-83090
Regional Analysis of Global Heat Transfer Fluids Market
Asia Pacific: Growth engine, driven by China, India, and Southeast Asia's manufacturing boom and renewable energy projects.
North America: High demand from food processing, automotive, and industrial cooling sectors, with strong R&D activity from Dow and Eastman.
Europe: Adoption driven by stringent sustainability policies and rising demand for bio-based HTFs in chemicals and manufacturing.
Middle East & Africa: CSP projects in the UAE and Saudi Arabia remain key drivers.
South America: Gradual adoption in industrial cooling and energy-intensive industries.
Prominent Players
BASF SE, Dow Inc., ExxonMobil Corporation, Eastman Chemical Company, Clariant AG, Dynalene Inc., Global Heat Transfer Ltd., Arteco nv, Multitherm LLC, and Other Key Players.
About Us
MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
We support clients across strategy development, product innovation, healthcare infrastructure, and digital transformation.
Contact:
Mr. Debashish Roy
MarketGenics India Pvt. Ltd.
800 N King Street, Suite 304 #4208, Wilmington, DE 19801, United States
USA: +1 (302) 303-2617
Email: sales@marketgenics.co
Website: https://marketgenics.co
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