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Heat Transfer Fluid Market Share

Report ID: GMI415
Published Date: Sep 2017
Report Format: PDF

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Heat Transfer Fluid Market Share

Global industry share is consolidated with British Petroleum, Shell, ExxonMobil and Dow Chemical catering to the key industry demands. Other prominent players include:

Dynalene
Indian Oil Corporation Ltd. (IOCL)
Mergers & acquisitions

expansion of the production capacity, joint venture coupled with product portfolio expansion & agreements are major strategies adopted by the industry players. Companies have been investigating to commercialize the nanofluids in combination with conventional synthetic oils to improve thermal properties of the resultant fluid. Technological advancements along with development of multi-utility oils are estimated to create new avenues for future development.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Heat Transfer Fluid Market size was worth over USD 2.2 billion in 2016

The worth of Heat Transfer Fluid Market is expected to reach a valuation of 4.2 bn by 2024.

Rapid development across the metal processing, automotive, oil & gas, and chemical sectors coupled with the growing need for maintaining temperature across these sectors is expected to heat transfer fluids.

Strict environmental regulations coupled with an unstable supply of raw materials, owing to volatile production of crude & base oil, are expected to adversely impact the use of heat transfer fluids.

Demand for heat transfer fluids is prominently expected to come from the oil & gas industry, where the produce is used extensively for warming oils for the thermal processes carried out at offshore oil & gas sites.

The heat transfer fluid market in Europe already accounts for a prominent share of the global business scape and is further expected to grow owing to increasing population and rising energy demand.