Global Heat Transfer Fluids Market Analysis, Development, Growth and Demand Forecast to 2021 By P&S Market Research Reports
The
global heat transfer fluids (HTFs) market was valued at an estimated $2,811.0 million
in 2015, in terms of value; and it is expected to grow at a CAGR of 6.8% during
2016-2021. The factors driving the growth of the global market include growing
chemical, petrochemical, and HVAC industries; expanding CSP activity in North
America and Europe, and relatively higher replacement rates of synthetic
aromatic HTFs. The key trend witnessed in the global market is the continuous
effort to enhance the performance of HTFs. Although the HTF market is a mature
industry with well-proven technology, it is evolving in order to meet the
ever-changing demands of industrial processes and the environments in which
they have to work. HTF manufacturing companies have introduced new variations
that make them extremely efficient and long lasting. These variations are in
form of additives that help to enhance one or more specific properties of HTFs,
such as enhanced operating temperature range, less degradation on higher
temperatures, fouling resistance, and corrosion resistance.
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Among
the various HTF types, the aromatics & silicone segment is estimated to
hold the largest share in the global HTFs market in terms of value in 2015; and
it is also anticipated to witness
the highest growth at 7.6% CAGR during the forecast period. Based on end-user, the
oil & gas industry (the largest end-user segment in the global market) was
estimated to consume 131.4 kilotons of HTFs in 2015. The HTFs consumption in
the oil & gas industry is anticipated to reach 181.5 kilotons by 2021,
growing at a CAGR of 5.5% during 2016 – 2021.
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P&S
Market Research analysts and consultants interacted with leading companies of
the concerned domain to substantiate every value of data presented in the
report. The company bases its primary research on discussions with prominent
professionals and analysts in the industry, which is followed by informed and
detailed, online and offline research.
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Chapter 1. Research Scope &
Methodology
Market Definition
Market Scope
Market breakdown by type
Market breakdown by
end-user
Market breakdown by geography
Chapter 2. Executive Summary
Key Findings
Research Summary
Global Heat Transfer Fluids Market
Snapshot
Chapter 3. Market
Outlook
Introduction
Overview of Heat Transfer Fluids Market
Mineral oil
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