Heat Transfer Fluids Market, Size, Share, Trend, Growth & Forecast 2027| TechSci Research

Report Description

The global heat transfer fluids market is projected to register growth at a formidable rate during the forecast period. The market growth can be attributed to the growing applications of heat transfer fluids, especially in the chemical manufacturing and processing industries. In addition, the ability of heat transfer fluids to resist viscosity and showcase anti-freezing properties at ultra-low temperatures are catalyzing its applications across various end-user industries such as automotive, oil & gas, food & beverages, energy & resources, consumer goods, electronics, health & nutrition, and various others. Rising demand for heat transfer fluids to set up solar power plants across the globe as the government authorities are increasingly investing for clean energy transition is anticipated to fuel the demand for the global heat fluid market. Surge in oil & gas exploration activities across the globe, and rapid industrialization and urbanization are further supporting the growth of the global heat transfer fluid market. In addition, environmental safety regulations and adoption of energy transfer devices are adding to the growth of the market.

The global heat transfer fluid market is segmented on the basis of type, end use industry, region, and company. Based on the type, the market is further divided into silicones & aromatics, mineral oils, glycols, and others. The mineral oils segment is anticipated to register the highest growth in the global heat transfer fluid market during the forecast period. High demand for mineral oils in chemical processing and petrochemical end-use industries are adding to the segment dominance. However, synthetic fluid is the fastest-growing segment in the high transfer fluid market owing to the enhanced lubricity and thermal stability offered by them. Based on end-user industry, the renewable energy sector is anticipated to record the highest growth due to rapid transition towards clean energy. Asia-Pacific region is expected to dominate the global heat transfer fluid market owing to increasing investments in the automotive industry, chemical manufacturing units, and the renewable energy sector in the region.

The global heat transfer fluids market is controlled by these major players, namely– DowDuPont (US), Eastman Chemical Company (US), Exxon Mobil Corporation (US), Shell (Netherlands), etc.

Objective of the Study:

To outline, classify and estimate the global heat transfer fluids market on the basis of type, end use industry and regional distribution.
To study and forecast the global market size of the heat transfer fluids, in terms of value and volume.
To understand the regional market structure of heat transfer fluids market, the global heat transfer fluids market is segmented in five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size, in terms of value and volume.
To identify the detailed information about the prime factors affecting the global heat transfer fluids market.
To evaluate competitor pricing, average market selling prices and margins in the global heat transfer fluids market.
To examine competitive developments such as expansions, new entrants in the global heat transfer fluids market.
To strategically profile the leading players in the market which are involved in the manufacturing and supply of heat transfer fluids worldwide.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Heat Transfer Fluids manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, end user industries, distribution network and regional presence of all major Heat Transfer Fluids manufacturers across the globe.

TechSci Research calculated the market size for Global Heat Transfer Fluids using a bottom-up approach, where manufacturers’ value sales data for standard types (Silicones & Aromatics, Mineral Oils, Glycols and Others) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

Heat transfer fluids manufacturers and suppliers
Research organizations and consulting companies
Trade Associations, organizations, forums and alliances related to Heat Transfer Fluids
Government bodies such as regulating authorities and policy makers
Industry associations
Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Heat Transfer Fluids manufacturers, distributors and dealers, customers and policy makers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.

Attribute	Details
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Type · End Use Industry
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; South Korea; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Iran
Key Companies Profiled	DowDuPont (US), Eastman Chemical Company (US), Exxon Mobil Corporation (US), Shell (Netherlands).
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Heat Transfer Fluids has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Heat Transfer Fluids Market, by Type

Silicones & Aromatics
Mineral Oils
Glycols
Others

Heat Transfer Fluids Market, by End User Industry

Chemical Processing
Oil & Gas
Automotive
Renewable Energy
Pharmaceuticals
Food & Beverage
Others

Heat Transfer Fluids Market, by Geography:

Asia-Pacific

India
China
Japan
South Korea
Indonesia
Rest of APAC

North America

U. S.
Canada
Mexico
Rest of North America

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Middle East & Africa

Saudi Arabia
UAE
Iran
South Africa

South America

Brazil
Colombia
Argentina
Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the Heat Transfer Fluids market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

Detailed list of distributors and dealers across all major countries.

Company Information

Detailed analysis and profiling of additional market players (up to five).

Customer Profiling

List of current suppliers of Heat Transfer Fluids and customers of Heat Transfer Fluids

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Heat Transfer Fluids Market

4. Executive Summary

5. Voice of Customer

6. Global Heat Transfer Fluids Market Outlook

6.1. Market Size & Forecast

6.1.1.By Value

6.1.2.By Volume

6.2. Market Share & Forecast

6.2.1.By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

6.2.2.By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

6.2.3.By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America)

6.2.4.By Company

7. Global Heat Transfer Fluids Market Segmental Analysis

7.1. Global Silicones & Aromatics Market Outlook

7.1.1.Market Size & Forecast

7.1.1.1. By Value

7.1.1.2. By Volume

7.1.2.Market Share & Forecast

7.1.2.1. By End User Industry

7.1.2.2. By Region (APAC, North America, Europe, MEA and South America)

7.1.2.3. By Company (At least top 3 companies market shares)

7.2. Global Mineral Oils Market Outlook

7.2.1.Market Size & Forecast

7.2.1.1. By Value

7.2.1.2. By Volume

7.2.2.Market Share & Forecast

7.2.2.1. By End User Industry

7.2.2.2. By Region (APAC, North America, Europe, MEA and South America)

7.2.2.3. By Company (At least top 3 companies market shares)

7.3. Global Glycols Market Outlook

7.3.1.Market Size & Forecast

7.3.1.1. By Value

7.3.1.2. By Volume

7.3.2.Market Share & Forecast

7.3.2.1. By End User Industry

7.3.2.2. By Region (APAC, North America, Europe, MEA and South America)

7.3.2.3. By Company (At least top 3 companies market shares)

8. Global Heat Transfer Fluids Market Regional Analysis

8.1. Asia Pacific Heat Transfer Fluids Market Outlook

8.1.1.Market Size & Forecast

8.1.1.1. By Value

8.1.1.2. By Volume

8.1.2.Market Share & Forecast

8.1.2.1. By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

8.1.2.2. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.1.2.3. By Country

8.1.2.3.1. India Heat Transfer Fluids Market Outlook

8.1.2.3.1.1. Market Size & Forecast

8.1.2.3.1.1.1. By Value

8.1.2.3.1.1.2. By Volume

8.1.2.3.1.2. Market Share & Forecast

8.1.2.3.1.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.1.2.3.2. China Heat Transfer Fluids Market Outlook

8.1.2.3.2.1. Market Size & Forecast

8.1.2.3.2.1.1. By Value

8.1.2.3.2.1.2. By Volume

8.1.2.3.2.2. Market Share & Forecast

8.1.2.3.2.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.1.2.3.3. Japan Heat Transfer Fluids Market Outlook

8.1.2.3.3.1. Market Size & Forecast

8.1.2.3.3.1.1. By Value

8.1.2.3.3.1.2. By Volume

8.1.2.3.3.2. Market Share & Forecast

8.1.2.3.3.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.1.2.3.4. South Korea Heat Transfer Fluids Market Outlook

8.1.2.3.4.1. Market Size & Forecast

8.1.2.3.4.1.1. By Value

8.1.2.3.4.1.2. By Volume

8.1.2.3.4.2. Market Share & Forecast

8.1.2.3.4.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.1.2.3.5. Indonesia Heat Transfer Fluids Market Outlook

8.1.2.3.5.1. Market Size & Forecast

8.1.2.3.5.1.1. By Value

8.1.2.3.5.1.2. By Volume

8.1.2.3.5.2. Market Share & Forecast

8.1.2.3.5.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.2. North America Heat Transfer Fluids Market Outlook

8.2.1.Market Size & Forecast

8.2.1.1. By Value

8.2.1.2. By Volume

8.2.2.Market Share & Forecast

8.2.2.1. By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

8.2.2.2. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.2.2.3. By Country

8.2.2.3.1. United States Heat Transfer Fluids Market Outlook

8.2.2.3.1.1. Market Size & Forecast

8.2.2.3.1.1.1. By Value

8.2.2.3.1.1.2. By Volume

8.2.2.3.1.2. Market Share & Forecast

8.2.2.3.1.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.2.2.3.2. Canada Heat Transfer Fluids Market Outlook

8.2.2.3.2.1. Market Size & Forecast

8.2.2.3.2.1.1. By Value

8.2.2.3.2.1.2. By Volume

8.2.2.3.2.2. Market Share & Forecast

8.2.2.3.2.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.2.2.3.3. Mexico Heat Transfer Fluids Market Outlook

8.2.2.3.3.1. Market Size & Forecast

8.2.2.3.3.1.1. By Value

8.2.2.3.3.1.2. By Volume

8.2.2.3.3.2. Market Share & Forecast

8.2.2.3.3.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.3. Europe Heat Transfer Fluids Market Outlook

8.3.1.Market Size & Forecast

8.3.1.1. By Value

8.3.1.2. By Volume

8.3.2.Market Share & Forecast

8.3.2.1. By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

8.3.2.2. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.3.2.3. By Country

8.3.2.3.1. Germany Heat Transfer Fluids Market Outlook

8.3.2.3.1.1. Market Size & Forecast

8.3.2.3.1.1.1. By Value

8.3.2.3.1.1.2. By Volume

8.3.2.3.1.2. Market Share & Forecast

8.3.2.3.1.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.3.2.3.2. France Heat Transfer Fluids Market Outlook

8.3.2.3.2.1. Market Size & Forecast

8.3.2.3.2.1.1. By Value

8.3.2.3.2.1.2. By Volume

8.3.2.3.2.2. Market Share & Forecast

8.3.2.3.2.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.3.2.3.3. Italy Heat Transfer Fluids Market Outlook

8.3.2.3.3.1. Market Size & Forecast

8.3.2.3.3.1.1. By Value

8.3.2.3.3.1.2. By Volume

8.3.2.3.3.2. Market Share & Forecast

8.3.2.3.3.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.3.2.3.4. Spain Heat Transfer Fluids Market Outlook

8.3.2.3.4.1. Market Size & Forecast

8.3.2.3.4.1.1. By Value

8.3.2.3.4.1.2. By Volume

8.3.2.3.4.2. Market Share & Forecast

8.3.2.3.4.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.3.2.3.5. UK Heat Transfer Fluids Market Outlook

8.3.2.3.5.1. Market Size & Forecast

8.3.2.3.5.1.1. By Value

8.3.2.3.5.1.2. By Volume

8.3.2.3.5.2. Market Share & Forecast

8.3.2.3.5.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.4. Middle East & Africa Heat Transfer Fluids Market Outlook

8.4.1.Market Size & Forecast

8.4.1.1. By Value

8.4.1.2. By Volume

8.4.2.Market Share & Forecast

8.4.2.1. By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

8.4.2.2. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.4.2.3. By Country

8.4.2.3.1. Saudi Arabia Heat Transfer Fluids Market Outlook

8.4.2.3.1.1. Market Size & Forecast

8.4.2.3.1.1.1. By Value

8.4.2.3.1.1.2. By Volume

8.4.2.3.1.2. Market Share & Forecast

8.4.2.3.1.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.4.2.3.2. UAE Heat Transfer Fluids Market Outlook

8.4.2.3.2.1. Market Size & Forecast

8.4.2.3.2.1.1. By Value

8.4.2.3.2.1.2. By Volume

8.4.2.3.2.2. Market Share & Forecast

8.4.2.3.2.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.4.2.3.3. Iran Heat Transfer Fluids Market Outlook

8.4.2.3.3.1. Market Size & Forecast

8.4.2.3.3.1.1. By Value

8.4.2.3.3.1.2. By Volume

8.4.2.3.3.2. Market Share & Forecast

8.4.2.3.3.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.4.2.3.4. South Africa Heat Transfer Fluids Market Outlook

8.4.2.3.4.1. Market Size & Forecast

8.4.2.3.4.1.1. By Value

8.4.2.3.4.1.2. By Volume

8.4.2.3.4.2. Market Share & Forecast

8.4.2.3.4.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.5. South America Heat Transfer Fluids Market Outlook

8.5.1.Market Size & Forecast

8.5.1.1. By Value

8.5.1.2. By Volume

8.5.2.Market Share & Forecast

8.5.2.1. By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

8.5.2.2. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.5.2.3. By Country

8.5.2.3.1. Brazil Heat Transfer Fluids Market Outlook

8.5.2.3.1.1. Market Size & Forecast

8.5.2.3.1.1.1. By Value

8.5.2.3.1.1.2. By Volume

8.5.2.3.1.2. Market Share & Forecast

8.5.2.3.1.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.5.2.3.2. Argentina Heat Transfer Fluids Market Outlook

8.5.2.3.2.1. Market Size & Forecast

8.5.2.3.2.1.1. By Value

8.5.2.3.2.1.2. By Volume

8.5.2.3.2.2. Market Share & Forecast

8.5.2.3.2.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.5.2.3.3. Colombia Heat Transfer Fluids Market Outlook

8.5.2.3.3.1. Market Size & Forecast

8.5.2.3.3.1.1. By Value

8.5.2.3.3.1.2. By Volume

8.5.2.3.3.2. Market Share & Forecast

8.5.2.3.3.2.1. By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Market Trends & Developments

11. Raw Material Analysis

12. Regional Price Analysis

13. Competitive Landscape

13.1. Competition Benchmarking

13.2. Company Profiles (Top Leading Companies)

13.2.1. DowDuPont (US)

13.2.2. Eastman Chemical Company (US)

13.2.3. Exxon Mobil Corporation (US)

13.2.4. Shell (Netherlands)

14. Strategic Recommendations

Report Description

Table of content

Figures and Tables

Frequently asked questions

What are the factors driving the growth of the global heat transfer fluids market?

Which segment is expected to dominate the global heat transfer fluids market?

Which region is anticipated to register the highest growth in the global heat transfer fluids market?

Who are the major market players in the global heat transfer fluids market?

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Report Description

Table of content

Figures and Tables

Frequently asked questions

What are the factors driving the growth of the global heat transfer fluids market?

Which segment is expected to dominate the global heat transfer fluids market?

Which region is anticipated to register the highest growth in the global heat transfer fluids market?

Who are the major market players in the global heat transfer fluids market?

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