The potential growth difference for the thermic fluid market between 2021 and 2026 is USD 1.01 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The key factor driving growth in the thermic fluid market is the growth of the concentrated solar power industry. Growing conservation concerns about emissions and efforts to reduce air pollution are driving the growth of the market. Government policies aimed at reducing the expanding carbon footprint and monetary incentives to encourage the adoption of alternative energy sources are expected to drive the growth of the global thermic fluid market during the forecast period. The Enhanced Oil Recovery (EOR) application category is rapidly growing, and by 2027, it is expected to account for 123.0 MW of capacity. Steam generated by concentrated solar power plants is injected into oil fields for tertiary recovery in this application. The implementation of such technology in crude oil-producing countries will drive the growth of the concentrated solar plant industry. This is significantly increasing the demand for thermic fluids during the forecast period.
- Market Challenges - The fire and explosions hazards will be a major challenge for the thermic fluid market during the forecast period. Several high-temperature chemical processing applications, such as metal processing, plastic processing, and specialty chemical production, necessitate organic fluids, which can form explosive conditions. These fluids work above the flashpoint of thermal fluids that are regulated by the Dangerous Substance and Explosive Atmosphere Regulations (DSEAR) of 2002. Furthermore, fluids, including mineral oils, deteriorate over time. The flashpoint of these fluids is reduced as a result of this deterioration, making them combustible. Under pressure and below the flashpoint, fluids form an explosive mist atmosphere. Thus, the explosion risks posed by thermic fluids are anticipated to limit the growth of the global thermic fluid market.
To learn about additional key drivers, trends, and challenges - Read our FREE Sample Report right now!
Segmentation Analysis
The thermic fluid market report is segmented by End-user (oil and gas, chemicals, concentrated solar power, food and beverages, and others) and Geography (APAC, Europe, North America, Middle East and Africa, and South America).
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the thermic fluid market size and actionable market insights on each segment.
View our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The thermic fluid market is fragmented and the vendors are deploying growth strategies such as focusing on R&D activities to develop advanced, high-quality products and strengthen their product offerings to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Apar Industries Ltd.
- Arteco Coolants
- BASF SE
- Bharat Petroleum Corp. Ltd.
- The Dow Chemical Co.
- DuBois Chemicals Inc.
- Duratherm Extended Life Fluids
- Dynalene Inc.
- Eastman Chemical Co.
- Exxon Mobil Corp.
- Generation Four Engitech Ltd.
- Globaltherm Lube Pvt. Ltd.
- Lubrex FZC
- Multitherm LLC
- Oil and Natural Gas Corp. Ltd.
- Peter Huber Kaltemaschinenbau AG
- Shell plc
- Schultz Canada Chemicals Ltd.
- The Lubrizol Corp.
- Venlub Petro Products Pvt. Ltd.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Thermic Fluid Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2022-2026 |
USD 1.01 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.6 |
Performing market contribution |
APAC at 39% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Apar Industries Ltd., Arteco Coolants, BASF SE, Bharat Petroleum Corp. Ltd., The Dow Chemical Co., DuBois Chemicals Inc., Duratherm Extended Life Fluids, Dynalene Inc., Eastman Chemical Co., Exxon Mobil Corp., Generation Four Engitech Ltd., Globaltherm Lube Pvt. Ltd., Lubrex FZC, Multitherm LLC, Oil and Natural Gas Corp. Ltd., Peter Huber Kaltemaschinenbau AG, Shell plc, Schultz Canada Chemicals Ltd., The Lubrizol Corp., and Venlub Petro Products Pvt. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Oil and gas - Market size and forecast 2021-2026
- Exhibit 28: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
- 5.4 Chemicals - Market size and forecast 2021-2026
- Exhibit 32: Chart on Chemicals - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Chemicals - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Chemicals - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Chemicals - Year-over-year growth 2021-2026 (%)
- 5.5 Concentrated solar power - Market size and forecast 2021-2026
- Exhibit 36: Chart on Concentrated solar power - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Concentrated solar power - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Concentrated solar power - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Concentrated solar power - Year-over-year growth 2021-2026 (%)
- 5.6 Food and beverages - Market size and forecast 2021-2026
- Exhibit 40: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 BASF SE
- Exhibit 101: BASF SE - Overview
- Exhibit 102: BASF SE - Business segments
- Exhibit 103: BASF SE - Key news
- Exhibit 104: BASF SE - Key offerings
- Exhibit 105: BASF SE - Segment focus
- 10.4 Bharat Petroleum Corp. Ltd.
- Exhibit 106: Bharat Petroleum Corp. Ltd. - Overview
- Exhibit 107: Bharat Petroleum Corp. Ltd. - Product / Service
- Exhibit 108: Bharat Petroleum Corp. Ltd. - Key offerings
- 10.5 Dynalene Inc.
- Exhibit 109: Dynalene Inc. - Overview
- Exhibit 110: Dynalene Inc. - Product / Service
- Exhibit 111: Dynalene Inc. - Key offerings
- 10.6 Eastman Chemical Co.
- Exhibit 112: Eastman Chemical Co. - Overview
- Exhibit 113: Eastman Chemical Co. - Business segments
- Exhibit 114: Eastman Chemical Co. - Key offerings
- Exhibit 115: Eastman Chemical Co. - Segment focus
- 10.7 Exxon Mobil Corp.
- Exhibit 116: Exxon Mobil Corp. - Overview
- Exhibit 117: Exxon Mobil Corp. - Business segments
- Exhibit 118: Exxon Mobil Corp. - Key offerings
- Exhibit 119: Exxon Mobil Corp. - Segment focus
- 10.8 Multitherm LLC
- Exhibit 120: Multitherm LLC - Overview
- Exhibit 121: Multitherm LLC - Product / Service
- Exhibit 122: Multitherm LLC - Key offerings
- 10.9 Oil and Natural Gas Corp. Ltd.
- Exhibit 123: Oil and Natural Gas Corp. Ltd. - Overview
- Exhibit 124: Oil and Natural Gas Corp. Ltd. - Business segments
- Exhibit 125: Oil and Natural Gas Corp. Ltd. - Key offerings
- Exhibit 126: Oil and Natural Gas Corp. Ltd. - Segment focus
- 10.10 Shell plc
- Exhibit 127: Shell plc - Overview
- Exhibit 128: Shell plc - Business segments
- Exhibit 129: Shell plc - Key news
- Exhibit 130: Shell plc - Key offerings
- Exhibit 131: Shell plc - Segment focus
- 10.11 The Dow Chemical Co.
- Exhibit 132: The Dow Chemical Co. - Overview
- Exhibit 133: The Dow Chemical Co. - Business segments
- Exhibit 134: The Dow Chemical Co. - Key offerings
- Exhibit 135: The Dow Chemical Co. - Segment focus
- 10.12 The Lubrizol Corp.
- Exhibit 136: The Lubrizol Corp. - Overview
- Exhibit 137: The Lubrizol Corp. - Product / Service
- Exhibit 138: The Lubrizol Corp. - Key news
- Exhibit 139: The Lubrizol Corp. - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources
- 11.5 List of abbreviations
- Exhibit 146: List of abbreviations
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