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Heat Transfer Fluids Market by Type (Mineral Oils, Synthetic Fluids, Glycols, and Others) and End-Use Industry (Chemical, Oil & Gas, Food & Beverages, Pharmaceutical, Renewable Energy, Automotive, HVAC & Refrigeration, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

A05748
Pages: 340
Oct 2020 | 2002 Views
 
Author(s) : Anil Chaudhary , Eswara Prasad
Tables: 175
Charts: 89
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Heat Transfer Fluids Market Outlook - 2027

The global heat transfer fluids market was valued at $1.5 billion in 2019, and is projected to reach $2.0 billion by 2027, growing at a CAGR of 4.8% from 2020 to 2027.

COVID-19 pandemic across the globe has led to decrease in demand for heat transfer fluids as manufacturing activities across the globe has been halted amid lockdown, however, countries such as India and China are gradually lifting the lockdown to get back manufacturing sector to normal working conditions.

Heat transfer fluids (HTFs) are gases or liquids specifically manufactured for the purpose of transmitting heat from one system to another. These fluids are manufactured from highly refined petroleum, synthetically formulated hydrocarbons or siloxanes (silicone). They provide high temperatures at very low system pressures and also offer safety, low maintenance, and extended operating lifetimes as major benefits. This is estimated to subsequently affect the HTFs market.

Heat-Transfer-Fluids-Market,-2020-2027

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HTFs are widely used in chemical, oil & gas, and renewable energy industries. In the chemical processing industry, heat transfer is required for indirect heating of process liquids and polymers, single fluid batch processing, pipeline tracing, energy recovering, low-pressure cogeneration, drying & heating of bulk materials, and gas processing. The rise in demand for chemicals from the automotive industry, energy & resources, construction, consumer goods, electronics, and health & nutrition has increased the production of chemicals, which resulted in rise in demand for heat transfer fluids from chemical manufacturers. In addition, heat transfer fluids are utilized in concentrated solar power (CSP) or solar energy generation and solar thermal storage, using concentrators such as parabolic trough-based systems. HTFs are used to collect heat energy and transport it to a power station for thermal storage as a renewable energy technology. Increase in demand for clean energy across the globe has led to set up various concentrated solar power plants across the globe. Governments of various developed and developing countries, such as the U.S., Spain, China, and India, have invested heavily to set up solar power plants to meet the growing energy requirements of their countries, thereby reducing the carbon footprints and dependency on fossil fuels to fulfill the energy requirement. This is expected to increase the demand for HTFs across the renewable energy industry. Furthermore, in the oil & gas industry, HTFs are used in offshore platforms and refineries for heating facilities and regenerating glycols to remove water from the natural gas produced and to heat reboilers & columns for the distillation of oil and oil-based products. Attributed to the surge in oil & gas exploration activities across the globe and increase in energy demand around the world, especially in developing economies, such as India and China, due to rapid industrialization and urbanization have led to increase in consumption of oil & gas. Therefore, this has resulted in growing consumption of heat transfer fluids from oil & gas processing companies. These factors are expected to drive the heat transfer fluids market growth during the forecast period.

However, factors, such as fire & explosion hazards posed by heat transfer fluids and volatility in raw material prices, are expected to hinder the growth of the heat transfer fluids market. In addition, energy scarcity and environmental safety regulations have surged the need for energy conservation. Moreover, the adoption of energy transfer devices, such as heat exchangers and heat pumps, has increased significantly. This is expected to provide lucrative opportunities for the heat transfer fluids market to grow in the near future.

The global heat transfer fluids market size is segmented on the basis of type, end-use industry, and region. On the basis of type, the market is categorized into mineral oils, synthetic fluids, glycols, and others. By end-use industry, it is divided into chemical, oil & gas, food & beverages, pharmaceutical, renewable energy, automotive, HVAC & refrigeration, and others. Region-wise, the heat transfer fluids market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in the heat transfer fluids market include Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Eastman Chemical Company, The Dow Chemical Company, BP p.l.c, Clariant International Ltd., Royal Dutch Shell plc, Phillips 66, Chevron Corporation, and Exxon Mobil Corporation. Other players operating in this market include Lanxess, Paratherm, Clariant, Sasol, and Radco Industries. These major key players adopt different strategies, such as acquisition and product launch, to stay competitive in the global heat transfer fluids market.

Heat Transfer Fluids Market
By Region

2027
Europe 
2027
Asia-pacific 
North America
Lamea

Asia-Pacific would exhibit an CAGR of 5.8% during 2020-2027.

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Global Heat Transfer Fluids Market, By Region

Europe accounted for the major share in 2019 in the global heat transfer fluids market. This is due to rising population coupled with increasing energy demand has propelled the power and energy sector growth. Ongoing construction of new solar plants along with existing demand in industrial sectors including, automotive and metal processing is anticipated to drive the industry demand in the region.

Heat Transfer Fluids Market
By Type

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Mineral Oils is projected as the most lucrative segment.

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Global Heat Transfer Fluids Market, By Type

The mineral oil segment accounted for the major share in 2019. Mineral oil is inexpensive in comparison to synthetic liquids as its initial cost is two to three times greater than the initial cost of mineral oil. There is loss of thermal fluid during the maintenance of a thermal heater, and it is expensive to replace the fluid back into the system. Even if the cost of replacing the fluid is higher, the cost of replacing mineral oil is much less than the cost associated with replacing a synthetic fluid. Furthermore, it is widely used in APAC and MEA regions where the focus is on the usage of low-cost products.

Heat Transfer Fluids Market
By End-Use Industry

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Chemical is projected as the most lucrative segment.

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Global Heat Transfer Fluids Market, By End-Use Industry

Based on end-use industry, the chemical segment accounted for the major heat transfer fluids market share in 2019. The increase in demand for chemicals from automotive, energy & resources, construction, consumer goods, electronics, and health & nutrition industries has led to increased production of chemicals. This has resulted in rise in demand for heat transfer fluids from chemical manufacturers for indirect heating of process liquids & polymers, single fluid batch processing, pipeline tracing, energy recovering, low-pressure cogeneration, drying & heating of bulk materials, and gas processing.

COVID-19 Analysis:

According to the International Monetary Fund (IMF), due to the outbreak of novel coronavirus (COVID-19) pandemic, the global economy is expected to shrink by 3.0% in 2020. Many countries are under strict lockdown, which has forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand for HTFs. 

According to the United Nations Industrial Development Organization (UNIDO), the Micro, Small & Medium Enterprises (MSME) sector across the developing economies, such as India, has been worst affected due to the COVID-19 outbreak and the lockdown imposed thereafter. This is expected to decline the demand for heat transfer fluids. In addition, in the second half of 2020, some countries have started to lift restrictions and gradually start business operations in various sectors. Even if the lockdown is being lifted, it is expected to be challenging for the manufacturing sector to get back to normal working conditions.

According to BASF SE, the global chemical production (excluding pharmaceuticals) is expected to grow by 1.2% in 2020, much slower than in 2019 due to the COVID-19 outbreak. A slight decline is expected to be witnessed in the advanced economies (2020: –0.8%, 2019: –0.9%) and growth below the prior-year level in the emerging markets (2020: +2.4%, 2019: +3.5%). In addition, China, the world’s largest chemical market, is expected to witness lower growth rate (2020: +3.0%, 2019: +4.7%). This is attributed to weaker final demand and production stoppages in customer industries, thereby having a significant negative impact on the chemical industry growth in China. Furthermore, in the European Union, chemical production is expected to decline during the forecast period due to the sharp drop in chemical production in the second half of 2019 as production levels at the year-end were below the annual average. In the U.S., chemical production is also expected to decline due to slowdown of the growth of customer industries such as automotive, energy & resources, construction, consumer goods, electronics, and health & nutrition. However, slight recovery in the growth of the agricultural sector and stabilization in the construction industry are expected to fuel the demand for chemicals. In Japan, the growth of the chemical market is expected to decline amid a weak domestic economy and the slowing regional environment. Therefore, these factors are expected to decline the demand for heat transfer fluids from the chemical processing industry of the developed economies.

In the oil & gas industry, heat transfer fluids are used in offshore platforms and refineries for heating facilities and regenerating glycols to remove water from the natural gas produced and to heat reboilers & columns for the distillation of oil and oil-based products. According to the bp Statistical Review of World Energy 2020, in 2019, the global production of crude oil and condensate was 83,182.0 thousand of barrels per day compared to 83,764 thousands of barrels per day in 2018, thereby registering a growth rate of 1.0%. In addition, in 2019, the global production of natural gas was 3989.3 billion cubic meters compared to 3857.5 billion cubic meters in 2018, thereby registering a growth rate of 2.4%. However, in 2020, due to the pandemic, the production of crude oil and natural gas has been slow, owing to the downfall in consumption of oil & gas and related products. Therefore, attributed to this factor, the demand for heat transfer fluids across the oil & processing industry has declined, which is expected to affect the growth of the market in near future.

In the automotive industry, heat transfer fluids are used as a heat-dissipating coolant fluid in the radiator systems used in automotive engines. The automotive industry has been severely affected amid lockdown imposed due to the COVID-19 outbreak. Automotive manufacturers have halted their production activities due to disrupted supply chain of automotive components and fall in demand for passenger vehicles across the globe. The decline in production of passenger vehicles and downfall in numbers of newly registered vehicles are anticipated to decrease the demand for HTFs and affect the growth of the market during the forecast period.

In concentrated solar power (CSP) and solar thermal storage, heat transfer fluids are used to collect heat energy and transport it to a power station for thermal storage as a renewable energy technology. However, people are advised to stay and work from home to prevent the transmission of coronavirus. Therefore, the demand for power has surged significantly, owing to governments of various countries across the globe not only relaying on the conventional energy sources but also investing heavily on setting up of new CSP plants to meet the growing energy demand. Furthermore, the demand for HTFs is anticipated to surge during the forecast period.

In the HVAC and refrigeration industry, HTFs are used as coolant. However, large-scale projects in hotels, resorts, office buildings, restaurants, shopping malls, and entertainment facilities have been slowed down due to the pandemic. As a result, sales of commercial air conditioners, such as packaged air conditioners and variable refrigerant flow (VRF) air conditioners, have been declined. Therefore, this has declined the demand for HTFs from the HVAC and refrigeration industry, and is expected to negatively impact the market growth in near future.

Key benefits for stakeholders

  • The heat transfer fluids market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the heat transfer fluids market forecast for the period 2020-2027.
  • The report outlines the current heat transfer fluids market trends and future scenario of the global heat transfer fluids market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.

Key market segments

By Type

  • Mineral Oils
  • Synthetic Fluids
  • Glycols
  • Others (Molten Salts, Nanofluids, Ionic Fluids, Hydrocarbons, and Fluorinated Fluids)

By End-Use Industry

  • Chemical
  • Oil & Gas
  • Food & Beverages
  • Pharmaceutical
  • Renewable Energy 
  • Automotive
  • HVAC & Refrigeration
  • Others (Electronics and Aerospace)

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Pricing analysis

3.4.1.Pricing analysis, by type, 2019–2027
3.4.2.Pricing analysis, by end-use industry, 2019–2027
3.4.3.Pricing analysis, by region, 2019–2027

3.5.Value chain analysis
3.6.Patent analysis
3.7.Impact of government regulations on the global heat transfer fluids market
3.8.Market dynamics

3.8.1.Drivers

3.8.1.1.Growing concentrated solar power industry globally
3.8.1.2.FDA Approval of food-grade heat transfer fluids
3.8.1.3.Growing natural gas production in GCC countries
3.8.1.4.Improved performance of HTFs

3.8.2.Restraint

3.8.2.1.Fire and explosion hazards
3.8.2.2.Volatility in raw material prices

3.8.3.Opportunity

3.8.3.1.Increasing need for energy conservation
3.8.3.2.High growth potential of bio-based HTFs

3.9.Parent market overview
3.10.Impact of Covid-19 on global heat transfer fluids market

CHAPTER 4:GLOBAL HEAT TRANSFER FLUIDS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Mineral Oils

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Synthetic fluids

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Glycols

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

CHAPTER 5:GLOBAL HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY

5.1.Overview

5.1.1.Market size and forecast

5.2.Chemical

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Oil & Gas

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

5.4.Food & Beverage

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country

5.5.Pharmaceuticals

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market share analysis, by country

5.6.Renewable Energy

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market share analysis, by country

5.7.Automotive

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market share analysis, by country

5.8.HVAC & Refrigeration

5.8.1.Key market trends, growth factors, and opportunities
5.8.2.Market size and forecast, by region
5.8.3.Market share analysis, by country

5.9.Others

5.9.1.Key market trends, growth factors, and opportunities
5.9.2.Market size and forecast, by region
5.9.3.Market share analysis, by country

CHAPTER 6:GLOBAL HEAT TRANSFER FLUIDS MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by end-use industry
6.2.4.Market share analysis, by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by type
6.2.4.1.2.Market size and forecast, by end-use industry

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by type
6.2.4.2.2.Market size and forecast, by end-use industry

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by type
6.2.4.3.2.Market size and forecast, by end-use industry

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type
6.3.3.Market size and forecast, by end-use industry
6.3.4.Market share analysis, by country

6.3.4.1.Germany

6.3.4.1.1.Market size and forecast, by type
6.3.4.1.2.Market size and forecast, by end-use industry

6.3.4.2.France

6.3.4.2.1.Market size and forecast, by type
6.3.4.2.2.Market size and forecast, by end-use industry

6.3.4.3.Italy

6.3.4.3.1.Market size and forecast, by type
6.3.4.3.2.Market size and forecast, by end-use industry

6.3.4.4.Spain

6.3.4.4.1.Market size and forecast, by type
6.3.4.4.2.Market size and forecast, by end-use industry

6.3.4.5.UK

6.3.4.5.1.Market size and forecast, by type
6.3.4.5.2.Market size and forecast, by end-use industry

6.3.4.6.Rest of Europe

6.3.4.6.1.Market size and forecast, by type
6.3.4.6.2.Market size and forecast, by end-use industry

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.3.Market size and forecast, by end-use industry
6.4.4.Market share analysis, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by type
6.4.4.1.2.Market size and forecast, by end-use industry

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by type
6.4.4.2.2.Market size and forecast, by end-use industry

6.4.4.3.South Korea

6.4.4.3.1.Market size and forecast, by type
6.4.4.3.2.Market size and forecast, by end-use industry

6.4.4.4.India

6.4.4.4.1.Market size and forecast, by type
6.4.4.4.2.Market size and forecast, by end-use industry

6.4.4.5.Australia

6.4.4.5.1.Market size and forecast, by type
6.4.4.5.2.Market size and forecast, by end-use industry

6.4.4.6.Rest of Asia-Pacific

6.4.4.6.1.Market size and forecast, by type
6.4.4.6.2.Market size and forecast, by end-use industry

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.3.Market size and forecast, by end-use industry
6.5.4.Market share analysis, by country

6.5.4.1.Brazil

6.5.4.1.1.Market size and forecast, by type
6.5.4.1.2.Market size and forecast, by end-use industry

6.5.4.2.Saudi Arabia

6.5.4.2.1.Market size and forecast, by type
6.5.4.2.2.Market size and forecast, by end-use industry

6.5.4.3.South Africa

6.5.4.3.1.Market size and forecast, by type
6.5.4.3.2.Market size and forecast, by end-use industry

6.5.4.4.Rest of LAMEA

6.5.4.4.1.Market size and forecast, by type
6.5.4.4.2.Market size and forecast, by end-use industry

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Top player positioning, 2019

7.2.Top winning strategies

7.2.1.Top winning strategies, by year
7.2.2.Top winning strategies, by development
7.2.3.Top winning strategies, by company

7.3.Product mapping of top 10 players
7.4.Competitive heatmap
7.5.Key developments

7.5.1.Product Launch
7.5.2.Business Expansions
7.5.3.Agreement

7.6.Other key players profile

7.6.1.Key player competitive heat map

CHAPTER 8:COMPANY PROFILES

8.1.Indian Oil Corporation Ltd.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance

8.2.Hindustan Petroleum Corporation Ltd.

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance

8.3.Eastman Chemical Company

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.The Dow Chemical Company

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance

8.5.BP p.l.c

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance

8.6.Clariant International Ltd.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance

8.7.Royal Dutch Shell plc

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance

8.8.Phillips 66

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance

8.9.Chevron Corporation

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.Exxon Mobil Corporation

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 02.GLOBAL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 03.HEAT TRANSFER FLUIDS MARKET FOR MINERAL OILS, BY REGION, 2019–2027 (KILOTONS)
TABLE 04.HEAT TRANSFER FLUIDS MARKET FOR MINERAL OILS, BY REGION, 2019–2027 ($MILLION)
TABLE 05.HEAT TRANSFER FLUIDS MARKET FOR SYNTHETIC FLUIDS, BY REGION, 2019–2027 (KILOTONS)
TABLE 06.HEAT TRANSFER FLUIDS MARKET FOR SYNTHETIC FLUIDS, BY REGION, 2019–2027 ($MILLION)
TABLE 07.HEAT TRANSFER FLUIDS MARKET FOR GLYCOLS, BY REGION, 2019–2027 (KILOTONS)
TABLE 08.HEAT TRANSFER FLUIDS MARKET FOR GLYCOLS, BY REGION, 2019–2027 ($MILLION)
TABLE 09.HEAT TRANSFER FLUIDS MARKET FOR OTHERS, BY REGION, 2019–2027 (KILOTONS)
TABLE 10.HEAT TRANSFER FLUIDS MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 11.GLOBAL HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 12.GLOBAL HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 13.HEAT TRANSFER FLUIDS MARKET FOR CHEMICAL, BY REGION, 2019–2027 (KILOTONS)
TABLE 14.HEAT TRANSFER FLUIDS MARKET FOR CHEMICAL, BY REGION, 2019–2027 ($MILLION)
TABLE 15.HEAT TRANSFER FLUIDS MARKET FOR OIL & GAS, BY REGION, 2019–2027 (KILOTONS)
TABLE 16.HEAT TRANSFER FLUIDS MARKET FOR OIL & GAS, BY REGION, 2019–2027 ($MILLION)
TABLE 17.HEAT TRANSFER FLUIDS MARKET FOR FOOD & BEVERAGE, BY REGION, 2019–2027 (KILOTONS)
TABLE 18.HEAT TRANSFER FLUIDS MARKET FOR FOOD & BEVERAGE, BY REGION, 2019–2027 ($MILLION)
TABLE 19.HEAT TRANSFER FLUIDS MARKET FOR PHARMACEUTICALS, BY REGION, 2019–2027 (KILOTONS)
TABLE 20.HEAT TRANSFER FLUIDS MARKET FOR PHARMACEUTICALS, BY REGION, 2019–2027 ($MILLION)
TABLE 21.HEAT TRANSFER FLUIDS MARKET FOR RENEWABLE ENERGY, BY REGION, 2019–2027 (KILOTONS)
TABLE 22.HEAT TRANSFER FLUIDS MARKET FOR RENEWABLE ENERGY, BY REGION, 2019–2027 ($MILLION)
TABLE 23.HEAT TRANSFER FLUIDS MARKET FOR AUTOMOTIVE, BY REGION, 2019–2027 (KILOTONS)
TABLE 24.HEAT TRANSFER FLUIDS MARKET FOR AUTOMOTIVE, BY REGION, 2019–2027 ($MILLION)
TABLE 25.HEAT TRANSFER FLUIDS MARKET FOR HVAC & REFRIGERATION, BY REGION, 2019–2027 (KILOTONS)
TABLE 26.HEAT TRANSFER FLUIDS MARKET FOR HVAC & REFRIGERATION, BY REGION, 2019–2027 ($MILLION)
TABLE 27.HEAT TRANSFER FLUIDS MARKET FOR OTHERS, BY REGION, 2019–2027 (KILOTONS)
TABLE 28.HEAT TRANSFER FLUIDS MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 29.HEAT TRANSFER FLUIDS MARKET, BY REGION, 2019-2027 (KILOTONS)
TABLE 30.HEAT TRANSFER FLUIDS MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 31.NORTH AMERICA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 32.NORTH AMERICA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 33.NORTH AMERICA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 34.NORTH AMERICA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 35.NORTH AMERICA HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 (KILOTONS)
TABLE 36.NORTH AMERICA HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 37.U.S. HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 38.U.S. HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 39.U.S. HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 40.U.S. HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 41.CANADA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 42.CANADA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 43.CANADA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 44.CANADA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 45.MEXICO HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 46.MEXICO HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 47.MEXICO HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 48.MEXICO HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 49.EUROPE HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 50.EUROPE HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 51.EUROPE HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 52.EUROPE HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 53.EUROPE HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 (KILOTONS)
TABLE 54.EUROPE HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 55.GERMANY HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 56.GERMANY HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 57.GERMANY HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 58.GERMANY HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 59.FRANCE HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 60.FRANCE HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 61.FRANCE HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 62.FRANCE HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 63.ITALY HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 64.ITALY HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 65.ITALY HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 66.ITALY HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 67.SPAIN HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 68.SPAIN HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 69.SPAIN HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 70.SPAIN HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 71.UK HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 72.UK HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 73.UK HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 74.UK HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 75.REST OF EUROPE HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 76.REST OF EUROPE HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 77.REST OF EUROPE HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 78.REST OF EUROPE HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 79.ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 80.ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 81.ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 82.ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 83.ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 (KILOTONS)
TABLE 84.ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 85.CHINA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 86.CHINA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 87.CHINA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 88.CHINA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 89.JAPAN HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 90.JAPAN HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 91.JAPAN HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 92.JAPAN HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 93.SOUTH KOREA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 94.SOUTH KOREA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 95.SOUTH KOREA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 96.SOUTH KOREA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 97.INDIA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 98.INDIA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 99.INDIA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 100.INDIA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 101.AUSTRALIA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 102.AUSTRALIA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 103.AUSTRALIA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 104.AUSTRALIA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 105.REST OF ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 106.REST OF ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 107.REST OF ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 108.REST OF ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 109.LAMEA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 110.LAMEA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 111.LAMEA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 112.LAMEA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 113.LAMEA HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 (KILOTONS)
TABLE 114.LAMEA HEAT TRANSFER FLUIDS MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 115.BRAZIL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 116.BRAZIL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 117.BRAZIL HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 118.BRAZIL HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 119.SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 120.SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 121.SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 122.SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 123.SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 124.SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 125.SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 126.SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 127.REST OF LAMEA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 128.REST OF LAMEA HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 129.REST OF LAMEA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 (KILOTONS)
TABLE 130.REST OF LAMEA HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 131.KEY RESEARCH & DEVELOPMENT (2017-2020)
TABLE 132.KEY EXPANSIONS (2018-2019)
TABLE 133.KEY AGREEMENT (2019)
TABLE 134.INDIAN OIL CORPORATION LTD.: COMPANY SNAPSHOT
TABLE 135.INDIAN OIL CORPORATION LTD.: OPERATING SEGMENTS
TABLE 136.INDIAN OIL CORPORATION LTD.: PRODUCT PORTFOLIO
TABLE 137.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 138.HINDUSTAN PETROLEUM CORPORATION LTD: COMPANY SNAPSHOT
TABLE 139.HINDUSTAN PETROLEUM CORPORATION LTD.: OPERATING SEGMENTS
TABLE 140.HINDUSTAN PETROLEUM CORPORATION LTD.: PRODUCT PORTFOLIO
TABLE 141.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 142.EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 143.AKZONOBEL N.V.: OPERATING SEGMENTS
TABLE 144.AKZONOBEL N.V.: PRODUCT PORTFOLIO
TABLE 145.EASTMAN CHEMICAL COMPANY: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 146.EASTMAN CHEMICAL COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 147.THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 148.THE DOW CHEMICAL COMPANY: OPERATING SEGMENTS
TABLE 149.THE DOW CHEMICAL COMPANY: PRODUCT PORTFOLIO
TABLE 150.THE DOW CHEMICAL COMPANY: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 151.BP P.L.C: COMPANY SNAPSHOT
TABLE 152.BP P.L.C.: OPERATING SEGMENTS
TABLE 153.BP P.L.C.: PRODUCT PORTFOLIO
TABLE 154.BP P.L.C.: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 155.CLARIANT INTERNATIONAL LTD.: COMPANY SNAPSHOT
TABLE 156.CLARIANT INTERNATIONAL LTD.: OPERATING SEGMENTS
TABLE 157.CLARIANT INTERNATIONAL LTD.: PRODUCT PORTFOLIO
TABLE 158.CLARIANT INTERNATIONAL LTD.: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 159.ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
TABLE 160.ROYAL DUTCH SHELL PLC: OPERATING SEGMENTS
TABLE 161.ROYAL DUTCH SHELL PLC: PRODUCT PORTFOLIO
TABLE 162.ROYAL DUTCH SHELL PLC: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 163.PHILLIPS 66: COMPANY SNAPSHOT
TABLE 164.PHILLIPS 66: OPERATING SEGMENTS
TABLE 165.PHILLIPS 66: PRODUCT PORTFOLIO
TABLE 166.PHILLIPS 66: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 167.CHEVRON CORPORATION: COMPANY SNAPSHOT
TABLE 168.CHEVRON CORPORATION: OPERATING SEGMENTS
TABLE 169.CHEVRON CORPORATION: PRODUCT PORTFOLIO
TABLE 170.CHEVRON CORPORATION: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 171.EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
TABLE 172.EXXON MOBIL CORPORATION: OPERATING SEGMENTS
TABLE 173.EXXON MOBIL CORPORATION: PRODUCT PORTFOLIO
TABLE 174.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 175.EXXON MOBIL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.EXECUTIVE SUMMARY
FIGURE 02.GLOBAL HEAT TRANSFER FLUIDS MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 04.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05.HIGH BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.LOW THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.PRICING ANALYSIS, BY TYPE, 2019–2027
FIGURE 10.PRICING ANALYSIS, BY APPLICATION, 2019–2027
FIGURE 11.PRICING ANALYSIS, BY REGION, 2019–2027
FIGURE 12.VALUE CHAIN ANALYSIS
FIGURE 13.PATENT ANALYSIS: BY REGION (2014-2019)
FIGURE 14.GLOBAL HEAT TRANSFER FLUIDS MARKET DYNAMICS
FIGURE 15.PARENT MARKET OVERVIEW
FIGURE 16.GLOBAL HEAT TRANSFER FLUIDS MARKET, BY TYPE, 2019 VS 2027 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR MINERAL OILS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 18.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR SYNTHETIC FLUIDS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 19.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR GLYCOLS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR OTHERS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 21.GLOBAL HEAT TRANSFER FLUIDS MARKET, BY END-USE INDUSTRY, 2019 VS 2027 ($MILLION)
FIGURE 22.GLOBAL CHEMICAL PRODUCTION (EXCLUDING PHARMACEUTICALS) (2018-2020)
FIGURE 23.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR CHEMICAL, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 24.GLOBAL CRUDE OIL AND CONDENSATE PRODUCTION (2018 VS 2019)
FIGURE 25.GLOBAL NATURAL GAS PRODUCTION (2018 VS 2019)
FIGURE 26.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR OIL & GAS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 27.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR FOOD & BEVERAGE, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 28.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR PHARMACEUTICALS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 29.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR RENEWABLE ENERGY, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 30.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 31.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR HVAC & REFRIGERATION, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 32.COMPARATIVE ANALYSIS OF HEAT TRANSFER FLUIDS MARKET FOR OTHERS, BY COUNTRY, 2019 VS 2027 ($MILLION)
FIGURE 33.U.S. HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.CANADA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.MEXICO HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.GERMANY HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.FRANCE HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.ITALY HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.SPAIN SOLAR PV INSTALLED CAPACITY (MW) (2016-2020)
FIGURE 40.SPAIN HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41.UK HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 42.REST OF EUROPE HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 43.CHINA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 44.JAPAN HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 45.SOUTH KOREA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 46.INDIA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 47.AUSTRALIA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 48.REST OF ASIA-PACIFIC HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 49.BRAZIL HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 50.SAUDI ARABIA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 51.SOUTH AFRICA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 52.REST OF LAMEA HEAT TRANSFER FLUIDS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 53.TOP PLAYER POSITIONING, 2019
FIGURE 54.TOP WINNING STRATEGIES, BY YEAR, 2017–2020
FIGURE 55.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020 (%)
FIGURE 56.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020
FIGURE 57.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 58.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 59.COMPETITIVE HEAT MAP OF OTHER KEY PLAYERS
FIGURE 60.INDIAN OIL CORPORATION LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.INDIAN OIL CORPORATION LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.INDIAN OIL CORPORATION LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.HINDUSTAN PETROLEUM CORPORATION LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 64.HINDUSTAN PETROLEUM CORPORATION LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.HINDUSTAN PETROLEUM CORPORATION LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.EASTMAN CHEMICAL COMPANY: REVENUE, 2017–2019 ($MILLION)
FIGURE 67.EASTMAN CHEMICAL COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 68.EASTMAN CHEMICAL COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 69.THE DOW CHEMICAL COMPANY: REVENUE, 2017–2019 ($MILLION)
FIGURE 70.THE DOW CHEMICAL COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 71.THE DOW CHEMICAL COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 72.BP P.L.C: REVENUE, 2017–2019 ($MILLION)
FIGURE 73.BP P.L.C.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 74.BP P.L.C.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 75.CLARIANT INTERNATIONAL LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 76.CLARIANT INTERNATIONAL LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 77.CLARIANT INTERNATIONAL LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 78.ROYAL DUTCH SHELL PLC: REVENUE, 2017–2019 ($MILLION)
FIGURE 79.ROYAL DUTCH SHELL PLC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 80.ROYAL DUTCH SHELL PLC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 81.PHILLIPS 66: REVENUE, 2017–2019 ($MILLION)
FIGURE 82.PHILLIPS 66: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 83.PHILLIPS 66: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 84.CHEVRON CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 85.CHEVRON CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 86.CHEVRON CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 87.EXXON MOBIL CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 88.EXXON MOBIL CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 89.EXXON MOBIL CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

  The development of the chemical industry in developing economies, such as China and India, is expected to fuel the growth of the heat transfer fluids market. The chemical industry plays an important role in manufacturing sectors such as textiles, paper, paints, and leather. Increase in urbanization and surge in disposable income of individuals in India have led to surge in demand for adhesives, paints, and construction activities. Moreover, China is considered as the leader in terms of chemical supply, and it continues to be the key market to all the leading chemical suppliers.

Increase in government investments in concentrated solar power (CSP) systems is another important factor, which is expected to drive the growth of the heat transfer fluids market. CSP systems are recognized as one of the major sustainable sources of energy and exhibit tremendous growth potential. The government of India focuses on solar energy as it is a vital renewable energy resource. The National Action Plan on Climate Change introduced by the Indian government has identified national solar mission as one of the 8 missions to combat climate change. Moreover, solar energy plays a vital role in the China market and China is expected to witness rapid growth in the solar energy market during the forecast period.

However, fire & explosion hazards posed by heat transfer fluids and volatility in raw material prices are expected to hinder the growth of the heat transfer fluids market. At present, mineral oil type is the majorly used heat transfer fluid due to its high demand in chemical processing and petrochemical industries. In addition, it is preferred over other types due to its low price. Similarly, synthetic fluid is a widely used type of heat transfer fluid, owing to its enhanced lubricity and high thermal stability. 

Furthermore, the demand for heat transfer fluids is expected to witness significant increase in all regions, owing to their favorable properties and demand in various end-use industries, which create lucrative opportunities for the market players.

 
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A. Key factors boosting the heat transfer fluids market growth are growing concentrated solar power industry globally, FDA Approval of food-grade heat transfer fluids, growing natural gas production in GCC countries, and improved performance of HTFs.

A. The global heat transfer fluids market was valued at $1.5 billion in 2019, and is projected to reach $2.0 billion by 2027, growing at a CAGR of 4.8% from 2020 to 2027.

A. Top companies in the heat transfer fluids industry are Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Eastman Chemical Company, The Dow Chemical Company, BP p.l.c, Clariant International Ltd., Royal Dutch Shell plc, Phillips 66, Chevron Corporation, and Exxon Mobil Corporation.

A. Renewable energy industry is projected to increase the demand for heat transfer fluids Market.

A. Mineral oils type and chemical industry segment accounted for the largest heat transfer fluids market share.

A. The development of the chemical industry in developing economies, such as China and India, and increase in government investments in concentrated solar power (CSP) systems to meet the growing demand for energy and to reduce the dependency on fossil fuels for eenrgy generation are expected to fuel the growth of the heat transfer fluids market.

A. Applications such as heating or cooling of industrial process, and to regulate the fluid temperature and provide a controlled environment for chemical reactions are expected to drive the adoption of heat transfer fluids

A. According to the United Nations Industrial Development Organization (UNIDO), the Micro, Small & Medium Enterprises (MSME) sector across the developing economies, such as India, has been worst affected due to the COVID-19 outbreak and the lockdown imposed thereafter. This is expected to decline the demand for heat transfer fluids. In addition, in the second half of 2020, some countries have started to lift restrictions and gradually start business operations in various sectors. Even if the lockdown is being lifted, it is expected to be challenging for the manufacturing sector to get back to normal working conditions. This is estimated to subsequently affect the HTFs market.

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For complete satisfaction

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On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

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