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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 6.88 billion by 2029 | 9.3% | North America |
| By Product | By End Use |
|---|---|
|
|
SCOPE OF THE REPORT
Heat Transfer Fluids Market Overview
The Global Heat Transfer Fluids market is estimated to be USD 3.38 billion in 2022 and is expected to grow to USD 6.88 billion at the CAGR of 9.3% by 2029.
Heat Transfer fluids are gases or liquids produced specifically for the purpose of transferring heat from one system to another in a closed circuit as a continuous cycle. Heat transfer fluids are used in countless applications and industrial processes requiring heating or cooling, typically in a closed circuit and in continuous cycles. The increasing number of concentrated solar power plants with the rising demand for clean energy drives the growth of the HTF market. Also, HTF finds applications in various end use industries like chemical, automotive, oil & gas, renewable energy, food & beverage, HVAC and pharmaceutical industries. Heat transfer fluids are industrial products derived from petroleum sources that are used to prevent overheating and for the storage of thermal energy. The basic raw materials involved in the production are crude oil, silica, and base oils. The important characteristics that define a heat transfer fluid are low viscosity, non-corrosive nature, high thermal conductivity and diffusivity, and extreme phase transition temperatures. Heat transfer fluids (HTFs) are gases or liquids specifically manufactured for the purpose of transmitting heat from one system to another. These fluids are manufactured from highly refined petroleum, synthetically formulated hydrocarbons or siloxanes (silicone). They provide high temperatures at very low system pressures and also offer safety, low maintenance, and extended operating lifetimes as major benefits. This is estimated to subsequently affect the HTFs market.
| ATTRIBUTE | DETAILS |
| Study period | 2021-2029 |
| Base year | 2021 |
| Forecasted year | 2021-2029 |
| Unit | Value (USD billion), (Kilotons) |
| Segmentation | By Product, By End use, By Region |
| By Product |
|
| By End Use |
|
| By region |
|
In the oil & gas industry, heat transfer fluids are used in offshore platforms and refineries for heating facilities and regenerating glycols to remove water from the natural gas produced and to heat reboilers & columns for the distillation of oil and oil-based products. In 2022, due to the pandemic, the production of crude oil and natural gas has been slow, owing to the downfall in consumption of oil & gas and related products. Therefore, attributed to this factor, the demand for heat transfer fluids across the oil & processing industry has declined, which is expected to affect the growth of the market in near future.
Similar to other businesses, Global heat transfer fluid Market has also undergone changes due to the pandemic caused during Covid-19, In the chemical sector, the HTF market was sluggish in 2022 when the impact caused a major decline in the chemical manufacturing industries. The market in US and Europe also saw a decline in the chemical manufacturing capacity as the plants were shut down or operated with a limited workforce.
To recover from the losses caused due to pandemic, the most of the manufacturers limited their budget in the R&D department to restructure them for maintaining their fundamental function in the various end use industry.
Heat Transfer Fluids Market Segment Analysis:
The HTF market is segmented by product, by end use industry and by region. The mineral oil segmented for the major share of HTF market in 2019. Mineral oil is considered to be inexpensive in comparison to other synthetic liquids as its initial cost is greater than the initial cost of mineral oil. There is seen to be loss in thermal fluid during the maintenance of thermal heater and it is expensive to replace the fluid back in the system. The regions of Asia Pacific and Middle east and Africa are the highest end user region but the usage is mainly on low-cost products.
The mineral oil segment accounted for the major share in 2019. Mineral oil is inexpensive in comparison to synthetic liquids as its initial cost is two to three times greater than the initial cost of mineral oil. There is loss of thermal fluid during the maintenance of a thermal heater, and it is expensive to replace the fluid back into the system. Even if the cost of replacing the fluid is higher, the cost of replacing mineral oil is much less than the cost associated with replacing a synthetic fluid. Furthermore, it is widely used in APAC and MEA regions where the focus is on the usage of low-cost products.
The End Use industry generally includes Chemical & Petrochemical, Oil & Gas, Automotive, Renewable Energy, Pharmaceutical and other, amongst these user, Chemical segment has accounted for the major heat transfer fluid market share. The increase in demand for chemical from automotive, energy and resource, construction, consumer goods and other has increased the production of chemicals. This factor has resulted in increase of demand for heat transfer fluids from chemical manufacturer for indirect heating of process liquids and polymers, pipeline tracing, energy recovering, dying and heating of bulk materials and gas processing and others.
Asia Pacific is a highly attractive market for HTFs. The rapid industrialization witnessed by the emerging economies in the region, especially in China and India, is creating a high demand for HTFs. Leading HTF manufacturers such as Dow, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, and Dalian Rich Fortune Chemical Company are adopting marketing strategies such as product launches and developments to increase their share in the Asia Pacific HTF market. The renewable energy sector in India is likely to be one of the fast-growing segments in the HTF market in Asia Pacific.
The regional segment is dominated by Asia Pacific region.
Heat Transfer Fluids Market Players:
Eastman Chemical Company (US), The Dow Chemical Company (US), ExxonMobil (US), Chevron (US), Lanxess (Germany), Shell plc (Netherlands), Hindustan Petroleum Corporation Limited (India), Phillips 66 Company (US), Preterm (US), and Arkema (France).
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending in product development, which is fueling revenue generation.
Recent Developments
July 18, 2022 -Eastman announced a planned increase of its Eastman Therminol® 66 heat transfer fluid manufacturing capacity in Anniston, Alabama. The plant expansion is expected to be complete in 2024 and will increase U.S.-based capacity by 50%.
Who should buy? Or Key Stakeholders
- Investors
- Research Organizations
- Power Generation
- LPG blending
- Industrial
- Regulatory Authorities
- Others
Heat Transfer Fluids Market Regional Analysis:
- North America includes USA, Canada and Mexico
- South America includes Brazil
- Europe includes Germany, UK and Russia
- Middle East and Africa includes Saudi Arabia, South Africa and UAE
- Asia Pacific includes India, China, Japan, Australia, Thailand, Malaysia and South Korea
On the basis of geographies, the global market has been divided into North America, Asia Pacific, Europe, South America, and Middle East & Africa. The North America region accounted for the largest volume-based share of 42%. It is the dominant market with key macroeconomic indicators, such as high per capita income & manufacturing output, supporting the region’s growth.
Rapid industrialization coupled with the growing export of chemicals to NAFTA countries is expected to drive the demand for HTFs. The country also has a strong presence in the plastic manufacturing industry.
Key Market Segments: Heat Transfer Fluid Market Segment:
Heat Transfer Fluid Market by Product, 2023-2029 (USD Billions) (Kilotons)
- Mineral Oils
- Synthetic Fluids
- Glycol-Based Fluids
- Other
Heat Transfer Fluid Market by End Use, 2023-2029 (USD Billions) (Kilotons)
- Chemical & Petrochemical
- Oil & Gas
- Automotive
- Renewable Energy
- Pharmaceutical
Heat Transfer Fluid Market by Region, 2023-2029 (USD Millions) (Kilotons)
- Asia Pacific
- North America
- South America
- Europe
- Middle East and Africa
Important countries in all regions are covered.
Key Questions Answered:
- What is the current size of Heat Transfer Fluid Market?
- What are the Key factors influencing the Growth of Heat Transfer Fluid Market?
- Who are Major Competitors in the Heat Transfer Fluid Market?
- What are the major applications of the Heat Transfer Fluid Products?
- Which Region is holding the largest share in the Heat Transfer Fluid Market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Heat Transfer Fluid Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Heat Transfer Fluid Market
- Industry Value chain analysis
- Heat Transfer Fluid Market Outlook
- Heat Transfer Fluid Market by Product, 2021-2029 (USD Billion) (Kilotons)
-
- Mineral Oils
- Synthetic Fluids
- Glycol-Based Fluids
- Other
-
- Heat Transfer Fluid Market by End use, 2021-2029 (USD Billion) (Kilotons)
-
- Chemical & Petrochemical
- Oil & Gas
- Automotive
- Renewable Energy
- Pharmaceutical
-
- Heat Transfer Fluid Market by Region, 2021-2029 (USD Billion)
- Asia Pacific
- India
- China
- Japan
- Malaysia
- Thailand
- Australia and
- South Korea
- North America
- USA
- Canada and
- Mexico
- South America
- Brazil
- Europe
- Germany
- UK
- Russia
- Middle East and Africa
- Saudi Arabia
- South Africa and
- UAE
- Asia Pacific
- Company Profiles*Â (Business Overview, Company Snapshot, Products Offered, Recent Developments)
-
- Eastman Chemical Company (US)
- The Dow Chemical Company (US)
- ExxonMobil (US)
- Chevron (US)
- Lanxess (Germany),
- Shell plc (Netherlands)
- Hindustan Petroleum Corporation Limited (India)
- Phillips 66 Company (US)
- Preterm (US)
- Arkema (RUSSIA)
-
LIST OF TABLES:
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HEAT TRANSFER FLUIDS MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HEAT TRANSFER FLUIDS MARKET BY REGION (KILOTONS) 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 9 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â UK HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UK HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â UK HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â UK HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UAE HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UAE HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UAE HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UAE HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HEAT TRANSFER FLUIDS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HEAT TRANSFER FLUIDS MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HEAT TRANSFER FLUIDS MARKET BY END USER (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL HEAT TRANSFER FLUID MARKET BY PRODUCT, USD MILLION, 2021-
2029
FIGURE 9 GLOBAL HEAT TRANSFER FLUID MARKET BY END USE, USD MILLION, 2021-
2029
FIGURE 10 GLOBAL HEAT TRANSFER FLUID MARKET BY REGION, USD MILLION, 2021-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 NORTH AMERICA HEAT TRANSFER FLUID MARKET SNAPSHOT
FIGURE 13 EUROPE HEAT TRANSFER FLUID MARKET SNAPSHOT
FIGURE 14 SOUTH AMERICA HEAT TRANSFER FLUID MARKET SNAPSHOT
FIGURE 15 ASIA PACIFIC HEAT TRANSFER FLUID MARKET SNAPSHOT
FIGURE 16 MIDDLE EAST ASIA AND AFRICA HEAT TRANSFER FLUID MARKET SNAPSHOT
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 EASTMAN CHEMICAL COMPANY.: COMPANY SNAPSHOT
FIGURE 19 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 20 EXXON MOBIL: COMPANY SNAPSHOT
FIGURE 21 CHEVRON.: COMPANY SNAPSHOT
FIGURE 22 LANXESS COMPANY SNAPSHOT
FIGURE 23 SHELL PLC.: COMPANY SNAPSHOT
FIGURE 24 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
FIGURE 25 PHILLIPS 66 COMPANY: COMPANY SNAPSHOT
FIGURE 26 PRETERM: COMPANY SNAPSHOT
FIGURE 27 ARKEMA: COMPANY SNAPSHOT
FAQ
Chicory market is estimated grow at a rate of 9.3% CAGR till 2029 with an estimated value of USD 6.88 billion.
The growth of this market can be attributed to growth of chemical & petrochemical processing, oil & gas and automotive industries.
The following is the list of the major market player of Heat transfer fluid market who fulfill the need of the industry with their proper segmentation and strategies; Eastman Chemical Company (US), The Dow Chemical Company (US), ExxonMobil (US), Chevron (US), Lanxess (Germany), Shell plc (Netherlands), Hindustan Petroleum Corporation Limited (India), Phillips 66 Company (US), Preterm (US), and Arkema (France).
Amongst all the region which contain the Heat transfer fluid market the largest stake is held by North American region.
HTF are used in various end use industries including of chemical & petrochemical processing, oil & gas and automotive industries. Due to the ongoing pandemic, these industries have been severely affected throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions have slowed the growth of the industry in a considerable manner.
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