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Dublin, April 15, 2019 (GLOBE NEWSWIRE) -- The "Heat Transfer Fluids Market Size, Share & Trends Analysis Report By Application (Oil & Gas, Concentrated Solar Power), By Product (Aromatics, Mineral Oils, Silicone), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global heat transfer fluid market size is projected to reach USD 3.24 billion by 2025, registering a 5.1% CAGR during the forecast period.
Increasing technological innovations in the industry by key global multinationals is a key driving force of the industry.
Key players such as DowDuPont, Eastman Company, ExxonMobil, Shell, and British Petroleum have integrated their business operations along the value chain to further strengthen their market position and sustain in the market. These companies have authorized resellers or third-party distributors across the globe, including Broughton Lubricants and Thermic Fluid Pvt. Ltd., to cater to local and regional demand.
Suppliers have been focusing on customer needs such as technical support and services in order to be truly customer-driven. With the evolution of e-commerce, suppliers are able to source and supply HTF with shorter lead-times and delivery products faster, along with being more accessible to the marketplace.
Mineral oil-based heat transfer fluid prices are highly affected by mineral oil prices, which showed high volatility over the period from 2010 to 2015 (March 2015). Increasing consumption has led to continuous increase in mineral oil prices from mid-2010 to mid-2011. In addition, widening of supply-demand gap of mineral oil led to an increase in prices during that period. All these factors have cumulatively affected demand and pricing structure of heat transfer fluids globally.
Concentrated solar power (CSP) is an advanced technology that is extensively used in recovery of solar energy. It requires thermal oils, which is responsible for collecting and transferring the generated heat from collectors to generators, thereby cooling the photovoltaic surface. These plants are observed to be increasingly gaining prospect across economies such as China, U.S., and France, which is likely to directly lead to increase in consumption of HTFs in these countries.
Further key findings from the report suggest:
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Business Segment Trends
3.1.1 Product Segment Analysis
3.1.2 Application Segment Analysis
3.1.3 Technology Segment Analysis
3.2 Value Chain Analysis
3.2.1 Manufacturer-Supplier relationship
3.2.2 Supplier-Consumer relationship
3.3 Raw Material Analysis
3.3.1 Crude Oil
3.3.2 Mineral Oils
3.3.3 Benzene, toluene, xylene
3.3.4 Diphenyl oxide, biphenyl, terephenyl
3.4 Technology Overview
3.4.1 Heat transfer fluids for alternative energy technologies
3.5 Market Dynamics
3.5.1 Market Drivers
126.96.36.199 Growing concentrated solar power industry globally
188.8.131.52 FDA Approval of food-grade heat transfer fluids
184.108.40.206 Growing natural gas production in GCC countries
3.5.2 Market Restraint
220.127.116.11 Stringent government regulations
3.6 Business Environment Analysis
3.6.1 Porter's Analysis
3.6.2 Macro-environmental analysis
3.7 Key Opportunities - Prioritized
Chapter 4 Heat Transfer Fluids Product Outlook
4.1 Product Market Introduction
4.2 Heat transfer fluids market estimates & forecast, by product
4.2.3 Mineral oils
4.2.4 Glycol-based fluids
Chapter 5 Heat Transfer Fluids Application Outlook
5.1 Application Market Introduction
5.2 Heat transfer fluids market estimates & forecast, by application
5.2.1 Oil & gas
5.2.2 Concentrated solar power generation
5.2.4 Food & beverages
Chapter 6 Heat Transfer Fluids Regional Outlook
6.1 Regional Market Introduction
6.2 Heat Transfer Fluids market estimates & forecast, by region
Chapter 7 Competitive Landscape
7.2 Company Heat-Map Analysis
7.3 Vendor Landscape
Chapter 8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/66pd4
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