Global Heat Transfer Fluids Market Size, Share, Trends, Industry Growth by Type (Silicone Fluids, Aromatic Fluids, Mineral Oils, Glycols, Others), by Application (Chemical, Oil & Gas, Food & Beverage, Pharmaceuticals, &Others), and Forecast to 2027

Price: 3600/- USD | Published Date: November 25, 2021 |

The global heat transfer fluids market size is accounted to grow at a significant CAGR of around 5% during the forecast period 2021 to 2027. The rising adoption of solar energy around the world is a primary factor to drive the market growth. Furthermore, the rising awareness regarding energy conservation and the growing demand from oil & gas, chemical, and other end-use industries is expected to fuel the market over the forecast period. Moreover, the increasing applications in chemical manufacturing and processing are further expected to increase the product demand in next upcoming years. However, the fluctuating prices of raw material is a major factor to restrain the market growth.

Market Segment Insights:

The global heat transfer fluids market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into silicone fluids, aromatic fluids, mineral oils, glycols, and others. The mineral oils segment dominated the global market in 2020 and is estimated to hold the largest revenue share of around half of the market by the end of the analysis period. The strong demand for the product in the petrochemical and chemical processing industry is one of the major factor to drive the segment growth. On the flip side, the glycol segment is expected to grow at the highest growth rate over the forecast period.

On the basis of application, the market is segmented into oil & gas, chemical industry, food & beverages, and others. The oil and gas segment dominated the global heat transfer fluids market in 2020 and accounted to hold the largest revenue share of around one-fourth of the market. The exploration of the oil and gas industry around the world to fulfill the increasing demand and the growing number of refineries is a major factor to increase the demand for the product. On the flip side, the renewable energy segment is accounted to grow at a significant growth rate over the forecast period.

Heat Transfer Fluids Market Size

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The heat transfer fluids comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The heat transfer fluids market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Heat Transfer Fluids Market Segmentation:

By Type:

  • Silicone Fluids
  • Aromatic Fluids
  • Mineral Oils
  • Glycols
  • Others

By Application:

  • Chemical
  • Oil & Gas
  • Food & Beverage
  • Pharmaceuticals
  • Renewable Energy
  • Automotive
  • HVAC & Refrigeration
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Heat Transfer Fluids Market: Geographic Coverage

Geographically, the heat transfer fluids market report comprises dedicated sections centering on the regional market revenue and trends. The heat transfer fluids market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The heat transfer fluids market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Heat transfer fluids market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Heat Transfer Fluids Market: Competitive Assessment

Some of the major market players operating in the global heat transfer fluids market are Dow Chemicals, Eastman Company, Exxon Mobil, Shell, and BP plc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Dow Chemicals
  • Eastman Company
  • Exxon Mobil
  • Shell
  • BP plc
  • Huntsman Corporation
  • DowDuPont
  • Dynalene
  • BASF
  • Radco Industries

Key Questions Answered by Heat Transfer Fluids Market Report

  • Global heat transfer fluids market forecasts from 2021-2027
  • Regional heat transfer fluids market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
  • Heat transfer fluids submarket forecasts from 2021-2027 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about heat transfer fluids market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level heat transfer fluids markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the heat transfer fluids market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Heat Transfer Fluids Market Portraiture
2.2. Global Heat Transfer Fluids Market, by Type, 2020 (USD Mn)
2.3. Global Heat Transfer Fluids Market, by Application, 2020 (USD Mn)
2.4. Global Heat Transfer Fluids Market, by Geography, 2020 (USD Mn)

 

3. Global Heat Transfer Fluids Market Analysis


3.1. Heat Transfer Fluids Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Heat Transfer Fluids Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Silicone Fluids
4.3. Aromatic Fluids
4.4. Mineral Oils
4.5. Glycols
4.6. Others

 

5. Global Heat Transfer Fluids Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Chemical
5.3. Oil & Gas
5.4. Food & Beverage
5.5. Pharmaceuticals
5.6. Renewable Energy
5.7. Automotive
5.8. HVAC & Refrigeration
5.9. Others

 

6. North America Heat Transfer Fluids Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
6.1.3. North America Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
6.1.4. North America Heat Transfer Fluids Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Heat Transfer Fluids Market by Application (2018-2027 USD Mn)

 

7. Europe Heat Transfer Fluids Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
7.1.3. Europe Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
7.1.4. Europe Heat Transfer Fluids Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Heat Transfer Fluids Market by Application (2018-2027 USD Mn)

 

8. Asia Pacific Heat Transfer Fluids Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Heat Transfer Fluids Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Heat Transfer Fluids Market by Application (2018-2027 USD Mn)

 

9. Latin America (LATAM) Heat Transfer Fluids Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Heat Transfer Fluids Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Heat Transfer Fluids Market by Application (2018-2027 USD Mn)

 

10. Middle East and Africa Heat Transfer Fluids Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
10.1.3. MEA Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Heat Transfer Fluids Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Heat Transfer Fluids Market by Application (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Heat Transfer Fluids Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Heat Transfer Fluids Market by Application (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Dow Chemicals
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Eastman Company
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Exxon Mobil
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Shell
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. BP plc
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Huntsman Corporation
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. DowDuPont
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Dynalene
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. BASF
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Radco Industries
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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