• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Heat Transfer Fluid Market | Covid-19 Impact Analysis

    Heat Transfer Fluid Market | Covid-19 Impact Analysis

    Heat Transfer Fluid Market | Covid-19 Impact Analysis
    Report code - SRAM433 Delivery - 2 Weeks
    Heat Transfer Fluid Market Size, Share, Trend, Forecast, & Industry Analysis – 2 See more...
    Purchase Report
    notch

    Impact of COVID-19 on Heat Transfer Fluid Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Heat Transfer Fluid Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Heat Transfer Fluid Market Insights

    Heat Transfer Fluid Market is likely to witness an impressive CAGR of 6.5% during the forecast period. The major factors such as rapid growth & development in emerging economies, especially in metal processing, automotive, chemical and oil & gas sectors, growing requirements for temperature maintenance in these sectors, growing demand for particular application-based HTF for optimum energy efficiency are expected to fuel the product demand for the heat transfer fluid market. In addition, properties such as elevated temperature control and cost-saving operation as in comparison with its counterparts including, steam and electric; high-temperature control, safety of environment, production efficiency and low maintenance are some of the key driving factors, which are likely to boost the growth of the market during the forecast period.

    Heat Transfer Fluid Market - Snapshot

    Growth

    6.5% for the next five years

    Major Product Type

    Silicones & Aromatics

    Dominant Application Type

    Oil & Gas

    Region with the highest demand

    Europe

    Key Players

    Elsewedy Electric, Furukawa Electric, KEI Industries Limited, LS Cable & System, Nexans, NKT, Prysmian Group, Sterlite Power, Sumitomo Electric Industries, Ltd., and ZTT.

     

    Market Share Analysis

    Heat-Transfer-Fluid-Market-Dominant-Segments

    Wish to Get a Free Sample? Register Here

    Heat Transfer Fluid Market Share: By Product Type

    Based on the product type, the market is segmented as silicones & aromatics, mineral oils, glycol, and others. Silicone & aromatics are estimated to register strong growth rate over the forecast period. The growth of the segment is attributed to its extensive use in industries, where processes need a very high temperature such as for plastics, wood processing, spinning and weaving, chemicals and food. Other major factors such as high thermal stability, better physical & chemical resistive properties to change when exposed to elevated temperatures accompanied by oxidation conditions, ongoing technological enhancements in manufacturing sectors such as automotive and plastics, metal processing, are expected to fuel the product demand in the market during the forecast period.

    Heat Transfer Fluid Market Share: By Application Type

    Based on the application type, the market is segmented as oil & gas, chemical industry, concentrated solar power, food & beverages, plastics, pharmaceuticals, heating, ventilation & air conditioning, and others. Oil & gas is estimated to register strong growth rate during the forecast period. The growth can be attributed to the application of products for warming oils for offshore oil & gas thermal processes. Additionally, setting up of new LNG terminals, new oil & gas exploration projects in Asia-Pacific and in the European region, are expected to fuel the product demand during the forecast timeframe.

    Heat Transfer Fluid Market Share: By Region

    In terms of regions, Europe held more than 30% of the market share in the year 2019. The major factors such as increasing population along with the rising demand for energy, ongoing construction of new solar plants accompanied by existing demand for heat transfer fluids in industrial sectors including, automotive and metal processing are expected to fuel the demand for the industry in the regional market. Furthermore, strict rules and regulations regarding environment in Europe, accompanied by unstable supply of crude oil, base oils will encourage development of biodegradable heat transfer fluids and will provide lucrative growth opportunities in the regional market during the forecast period.

    Heat-Transfer-Fluid-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    On the other hand, Asia-Pacific is estimated to hold a significant share of the market, on account of the growing demand for thermal management, accompanied by the promotion of renewable energy with the emerging economies, such as China and Japan, which are the major countries offering lucrative growth opportunities. Also, the growing demand for energy from various industrial sectors is expected to fuel the development of new solar plants, which in turn, is likely to boost the industry demand in APAC as well.

    Some of the key players in the heat transfer fluid market are-

    • British Petroleum
    • CFR Chemicals
    • Dynalene, Inc.
    • Eastman Chemical Company
    • Hindustan Petroleum Corporation Ltd.
    • Huntsman Corporation
    • Indian Oil Corporation Ltd.
    • Inlet Petroleum Company
    • KOST USA, Inc.
    • Royal Dutch Shell Plc.

     

    Market Scope & Segmentation

    Heat transfer fluid is a liquid or gas, which is used for the purpose of transporting warmth from one component to another in various processes where cooling or warming up is required to maintain constant temperature, and has properties such as low toxicity & viscosity and high thermal conductivity & flash point.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Heat Transfer Fluid Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The heat transfer fluid market is segmented into the following categories. 

    Heat Transfer Fluid Market Size, Share, & Forecast, by Product Type:

    • Silicones & aromatics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mineral Oils (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glycol (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Heat Transfer Fluid Market Size, Share, & Forecast, by Application Type:

    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Concentrated Solar Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food & beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Heating, Ventilation & air Conditioning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Heat Transfer Fluid Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Heat-Transfer-Fluid-Market-Segmentation

    Want to know the most attractive market segments? Register Here

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Heat Transfer Fluid Market in the foreseeable future?

    Heat Transfer Fluid Market is likely to witness an impressive CAGR of 6.5% during the forecast period.

    Who are the key players in the Heat Transfer Fluid Market?

    British Petroleum, CFR Chemicals, Dynalene, Inc., Eastman Chemical Company, Hindustan Petroleum Corporation Ltd., Huntsman Corporation, Indian Oil Corporation Ltd., Inlet Petroleum Company, KOST USA, Inc., and Royal Dutch Shell Plc are among the key players in the Heat Transfer Fluid Market.

    Which Application type is expected to register strong growth rate in the Heat Transfer Fluid Market?

    Oil & gas application type is estimated to register strong growth rate in the coming five years.

    What are the factors driving the growth of Heat Transfer Fluid Market?

    Some of the major factors driving the growth of heat transfer fluid market are rapid growth & development in emerging economies, especially in metal processing, automotive, chemical and oil & gas sectors, growing requirements for temperature maintenance in these sectors, growing demand for particular application-based HTF for optimum energy efficiency.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities


       

    FREE SAMPLE