Heat transfer fluids (HTFs) market size is expected to grow from USD 3.1 billion in 2020 to USD 4.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 9% during the forecast period.
Heat transfer is basically the exchange of thermal energy between different objects in which energy is converted from one form to another but is neither created nor dissipated. Heat convection, heat conduction, heat radiation, and energy transfer are the types of heat transfer that can occur due to a phase change. A heat transfer fluid is used to prevent overheating of the material during the heat transfer process. It has a wide range of applications in automotive, oil and gas processing, manufacturing processes and solar power plants to name a few.
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A full report of Global Heat Transfer Fluids Market is available at: https://www.orionmarketreports.com/heat-transfer-fluids-market/61815/
The key market players include:
- The Dow Chemical Company,
- Exxon Mobil Corporation,
- BASF SE,
- Chevron Corporation
- Royal Dutch Shell PLC.
Based on Type:
- Mineral Oils
- Synthetic Fluids
- Glycols
- Others (molten salts, nanofluids, ionic fluids, hydrocarbons, and fluorinated fluids)
Based on End-use industry:
- Chemical
- Oil & Gas
- Food & Beverage
- Pharmaceuticals
- Renewable Energy
- Automotive
- HVAC & Refrigeration
- Others (electronics and aerospace)
Scope of the Report
The research study analyzes the global Heat Transfer Fluids industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Heat Transfer Fluids Market Report
1. What was the Heat Transfer Fluids Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Heat Transfer Fluids Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Heat Transfer Fluids Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Heat Transfer Fluids market.
- The market share of the global Heat Transfer Fluids market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Heat Transfer Fluids market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Heat Transfer Fluids market.
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