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heat-transfer-fluids-market

Heat Transfer Fluids Market [By Product Type (Silicones & Aromatics, Glycols, Mineral Oils, Others); By End-Use (Chemical Processing, Oil & Gas , Renewable Energy, Food Processing & Packaging , Pharmaceuticals and Others); By Regions]: Market size & Forecast, 2017 – 2026

Published: Mar 2018
Pages: 250
Format: PDF
Report ID: PM1124
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Report Summary

The worldwide heat transfer fluids market is estimated to grow at a CAGR of 7.1% between 2018 and 2026. Rising demand for a wide range of heat transfer fluids from an assortment of industrial sectors is expected to drive the heat transfer fluids market over the next decade. The industrial trends of these products shows that the highest increase in demand has been from the diverse manufacturing industries and it has tend to grow with increase in heat transfer process complexities over the years.

Heat transfer fluids are eutectic mixtures that contain two stable compounds. These products practically have identical vapor pressures, so that the mixture or composition can be managed as a solitary compound. These types of fluids are mainly used in those systems that employ either liquid vapor phase heating. Its normal range of application  is between 60°F to 750°F (i.e. 15°C to 400°C), and the pressure band is between the atmospheric to 152.5 psig (10.6 bar). These products are stable and are readily not decomposable at high temperatures. These fluids are used effectively either in vapor or liquid phase systems. Their low viscosity that remains throughout the operating range eventually results in an efficient transfer of heat; start-up and also problems related to pumping are minimized. These fluids are noncorrosive to normal alloys and metals. The functional qualities of these products are expected to boost demand over the forecast period.

North America Heat Transfer Fluids Market Share By Product Type, 2017-2026

North America Heat Transfer Fluids Market Share By Product Type, 2017-2026

Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026

Segment Analysis

Heat transfer fluids serve up several purposes in various solar thermal applications including transport and collection of heat from solar absorbers; in intermediate storage and utilization of thermal power in order to cushion the intense diurnal nature of the solar radiations. These products also facilities for exchange of heat with power cycles to generate electricity. Hence the multiple advantages of use of these fluids in several applications, heat transfer fluids market is expected to augment further demand in the near future. A few constraints, in terms of both practicality and performance, significantly influence the choice and options of these products. For typically concentrated applications of solar power (CSP), these products are formulate to have and bear significantly low freezing points for avoiding freezing overnight. The high operating temperatures (i.e. >400°C) increase the efficiency of power cycle, and the low vapor pressures at very high temperatures reduce installation costs.

SAMPLE TABLE
North America Heat Transfer Fluids Market, By End-Use, 2017 - 2026 
(USD Million)

North America Heat Transfer Fluids Market, By End-Use, 2017 - 2026 (USD Million)

Under the heat transfer fluids market, for high performance of heat transfers, these fluids are formulated for having higher thermal conductivity, higher volumetric heat bearing capacity, and very low viscosity. The manufacturers apart from offering customized heat transfer fluid formulations they also maintain environmental issues. These products are safe, non-corrosive and even cost-effective. As pure substances and these commonly used fluid types such as molten salts and synthetic oils satisfy every performance and practical criteria. Novel developments of solar heat transfer fluid products have emerged as an active field of research.

Some of the most researched avenues include several mixtures, such as composite fluids and multi-component salts, suspensions of submicron-sized solid particles in liquids. Innovations in the areas of component salts and composite fluids are some of the highly researched subjects in the heat transfer industry R&D activities. These can potentially increase the chances of numerous new product types for meeting the growing demands for higher specifications of heavy engines.

Regional Analysis

Asia Pacific industry is projected to have the highest potential for the heat transfer fluids market in terms of revenue and volume both. The shift from western industrialization to Asia Pacific has been the primary factor for driving this regional industry. The business operators or primarily the manufacturers have become increasingly and exceptionally globalized to make out higher value for cost and, simultaneously, compete to fulfill the rapidly emerging expertise in the Asian market. North America heat transfer fluids market is yet another potential market with an established manufacturing base.

Competitive Landscape

Few of the leading industry participants currently operating in heat transfer fluids market globally include Dalian Richfortune Chemicals, Hindustan Petroleum Corporation Ltd., Lytron Inc., Honeywell International, Radco Industries, Arkema, Phillips 66, Bharat Petroleum, Indian Oil, Zhongneng Chemical and Huntsman, Dow Chemicals, Paratherm, Schultz Chemicals, Dynalene, Inc. and Therminol.

Key questions answered by the report

  • What is the current size and forecasts of Heat Transfer Fluids market
  • What is the market opportunity for Heat Transfer Fluids
  • How big is the market size of end-use for Heat Transfer Fluids
  • How much is the estimated market for Heat Transfer Fluids in North America during the forecast period
  • What are the companies in this market and how are they classified
  • What are the available opportunities and who are the top market players in this space

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-away
    5. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. Heat Transfer Fluids Market Insights
    1. Heat Transfer Fluids– Industry snapshot
    2. Heat Transfer Fluids -Ecosystem analysis
    3. Heat Transfer Fluids market dynamics
      1. Heat Transfer Fluids– Market Forces
        1. Heat Transfer Fluids Market driver analysis
        2. Heat Transfer Fluids Market restraint/challenges analysis
        3. Heat Transfer Fluids Market opportunity analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Heat Transfer Fluids market PEST analysis, 2017
      4. Heat Transfer Fluids market Value Chain analysis
      5. Heat Transfer Fluids Industry trends
      6. Competitive Ranking Analysis
  4. Heat Transfer Fluids Market Size and Forecast by Product Type
    1. Key Findings
    2. Silicones & Aromatics 
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Glycols
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Mineral Oils
      1. Global Market Estimates and Forecasts, 2017-2026
      2. Others
        1. Global Market Estimates and Forecasts, 2017-2026
  5. Heat Transfer Fluids Market Size and Forecast by End-Use
    1. Key Findings
    2. Chemical Processing 
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Oil & Gas
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Renewable Energy 
      1. Global Market Estimates and Forecasts, 2017-2026
    5. Food Processing & Packaging 
      1. Global Market Estimates and Forecasts, 2017-2026
    6. Pharmaceuticals
      1. Global Market Estimates and Forecasts, 2017-2026
    7. Others
      1. Global Market Estimates and Forecasts, 2017-2026
  6. Heat Transfer Fluids Market Size and Forecast by Regions
    1. Key findings
    2. North America
      1. Heat Transfer Fluids market by product type, 2017 - 2026
      2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      3. U.S.
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      4. Canada
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
    3. Europe
      1. Heat Transfer Fluids market by product type, 2017 - 2026
      2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      3. Germany
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      4. UK
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      5. France
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
    4. Asia Pacific
      1. Heat Transfer Fluids market by product type, 2017 - 2026
      2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      3. China
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      4. India
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      5. Japan
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
    5. Latin America
      1. Heat Transfer Fluids market by product type, 2017 - 2026
      2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      3. Brazil
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
      4. Mexico
        1. Heat Transfer Fluids market by product type, 2017 - 2026
        2. Heat Transfer Fluids market by end-use type, 2017 - 2026
    6. Middle East & Africa
      1. Heat Transfer Fluids market by product type, 2017 - 2026
      2. Heat Transfer Fluids market by end-use type, 2017 - 2026
  7. Company Profiles
    1. Dalian Richfortune Chemicals
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Hindustan Petroleum Corporation Ltd.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Lytron Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Honeywell International
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Radco Industries
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. Arkema
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Phillips 66
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. Bharat Petroleum
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Indian Oil
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. Zhongneng Chemical
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for product type up to 2026
  • Market revenue estimates for end-use up to 2026
  • Regional market size and forecast for product type segments up to 2026
  • Regional market size and forecast for end-use segments up to 2026
  • Company financials

 

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