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Global Heat Transfer Fluids Market Size study & Forecast, by Product Type (Mineral Oils, Synthetic Fluids, Glycol-based Fluids, Others), End-Use (Chemical & Petrochemical, Oil & Gas, Automotive, Pharmaceutical, Others) & Regional Analysis, 2022-2029, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Heat Transfer Fluids market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Heat Transfer Fluids market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Global Heat Transfer Fluids Market is valued at approximately USD 10.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.6% over the forecast period 2022-2029. A heat transfer fluid is a form of liquid or gas that participates in heat transfer by acting as a bridge intermediary in cooling on one side of a process, transporting and storing thermal energy, and heating on the alternate side of a process. These are widely adopted by industries including chemical & petrochemical, oil & gas, automotive, pharmaceutical, and many other industries. The increasing adoption of concentrated solar power, rapid industrialization, coupled with the rising number of concentrating solar power projects are some most prominent factors that are bolstering the market demand across the globe.
According to Statista, in 2018, the production of concentrated solar power was recorded at 12,034 gigawatt hours, which substantially rises and climbs to 13,113 gigawatt hours in the year 2020. Consequentially, the rising adoption of concentrated solar power is surging the growth of the Heat Transfer Fluids Market. The growing need for energy conservation and clean energy and rising government schemes focused on energy efficiency and renewable energy are presenting lucrative growth prospects to the market in the foreseen years. However, volatility in the prices of raw materials, along with the fire and explosion hazards related to thermal HTFs are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Heat Transfer Fluids Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the implementation of stringent regulations and growing investment in product development. Whereas, the Asia Pacific is expected to grow with the highest growth rate during the forecast period. Factors such as rising export of chemicals to NAFTA countries, rapid industrialization, as well as the availability of low-cost raw materials and labor, are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Recent Developments in the Market:
In 2022, Chevron completed its acquisition of the Renewable Energy Group, which aims to support the company boost its strengths to deliver lower carbon energy.
In 2022, Eastman declared that the company planned to strengthen its Therminol 66 heat transfer fluid manufacturing capacity in Anniston, Alabama by 2024 and increase its US-based capacity by 50%.
In 2019, Eastman announced its plan to expand its product offerings by acquiring Marlotherm- a brand of HTFs from Sasol (South Africa).
Global Heat Transfer Fluids Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product Type, End-Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
By End-Use:
Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
| covid-19 scenario | Market Behavior/ Level of Risk and Opportunity | End Industry Behavior/ Opportunity Assessment | Expected Industry Recovery Timeline | Business Impact Horizon |
| Opening of Economy by Q3 2020 | xx | xx | xx | xx |
| Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 | xx | xx | xx | xx |
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:
The Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in Heat Transfer Fluids Market Report:
| Global Heat Transfer Fluids Market Research Report |
| Section 1: Global Heat Transfer Fluids Industry Overview |
| Section 2: Global Economic Impact on Heat Transfer Fluids Industry |
| Section 3: Global Market Competition by Industry Producers |
| Section 4: Global Productions, Revenue (Value), according to Regions |
| Section 5: Global Supplies (Production), Consumption, Export, Import, geographically |
| Section 6: Global Productions, Revenue (Value), Price Trend, Product Type |
| Section 7: Global Market Analysis, on the basis of Application |
| Section 8: Heat Transfer Fluids Market Pricing Analysis |
| Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers |
| Section 10: Strategies and key policies by Distributors/Suppliers/Traders |
| Section 11: Key Marketing Strategy Analysis, by Market Vendors |
| Section 12: Market Effect Factors Analysis |
| Section 13: Global Heat Transfer Fluids Market Forecast |
……..and view more in complete table of Contents
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