Market Dynamics
Factors such as the developing chemical industry in China and India and speedy industrialization in BRICS will drive the growth of the Heat Transfer Fluid Market during 2021-2025. However, fluctuating crude oil prices might hamper the market growth.
The significant growth in oil and gas manufacturing industries is expected to open multiple growth opportunities for players in the market. But the competition from substitute products might impact the business of vendors during the forecast period.
Company Profiles
Some of the companies covered in this report are BASF SE, BP Plc, Chevron Corp., Clariant International Ltd., Dow Inc., Dynalene Inc., Eastman Chemical Co., Exxon Mobil Corp., LANXESS AG, and Royal Dutch Shell Plc.
Competitive Analysis
The competitive scenario provided in the heat transfer fluid market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By End-user, the heat transfer fluid market is classified into oil and gas, chemicals, CSP, food and beverage, and others. The market demand from the oil and gas segment will be significant during the forecast period
- By Geography, the market is classified as APAC, Europe, North America, MEA, and South America. APAC will have the largest share of the market.
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Heat Transfer Fluid Market Report Coverage:
Report Coverage |
Details |
Base Year |
2020 |
Year-Over-Year Growth in 2021 |
3.65% |
Forecast Period |
2021 to 2025 |
CAGR |
Accelerating at 6.11% |
Historical Data |
2017 to 2021 |
No. of Pages |
120 |
Exhibits |
121 |
Incremental growth |
$ 824.50 Million |
Segments covered |
End-user; Type; Geography |
By End-user |
|
|
- Oil and gas
- Chemicals
- CSP
- Food and Beverage
- Others
|
|
|
By Type |
|
|
- Silicones
- Aromatics
- Mineral oils
- Glycol-based fluids
- Others
|
|
|
By Region |
|
|
|
- APAC
- Europe
- MEA
- North America
- South America
|
|
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SOURCE Technavio
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