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Global Heat Transfer Fluid Market 2017-2021

Global Heat Transfer Fluid Market 2017-2021

About Heat Transfer Fluid

Heat transfer fluids are used in a wide range of industrial applications, such as chemical industry, solar power plants, plastics and polymers, and oil and gas, which involve extreme temperature ranges. Numerous kinds of heat transfer fluids are used in industries depending on the nature of applications. Some of them are silicone and aromatics, while others are glycol-based fluids, mineral oils, and molten salts. Heat transfer fluids generally function in a temperature range of 0°F-43°F.

Technavio’s analysts forecast the global heat transfer fluid market to grow at a CAGR of 5.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global heat transfer fluid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Heat Transfer Fluid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • British Petroleum
  • Eastman Chemical Company
  • Exxon Mobil
  • Royal Dutch Shell
  • The Dow Chemical Company
Other prominent vendors
  • BASF
  • Chevron
  • Huntsman International
Market driver
  • Developing chemical industry in China and India
  • For a full, detailed list, view our report
Market challenge
  • Declining crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Technological advances in heat transfer fluid product portfolio
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Heat Transfer Fluid Market 2017-2021

Technavio recognizes the following companies as the key players in the global heat transfer fluid market: British Petroleum, Eastman Chemical Company, Exxon Mobil, Royal Dutch Shell, and The Dow Chemical Company.

Other Prominent Vendors in the market are: BASF, Chevron, and Huntsman International.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in heat transfer fluid product portfolio. Commercial concentrated solar power (CSP) plants are still largely based on mineral oil parabolic trough technology (developed approximately 30 years ago) and molten-salt and direct steam generation towers. The inability to store energy negates the benefits of solar thermal power.”

According to the report, one driver in the market is developing chemical industry in China and India. The chemical industry contributes significantly to the industrial and economic growth of a nation. As this industry has several forward and backward links, it is called the backbone of the manufacturing and agricultural development of the country and provides building blocks to many downstream industries. This industry is crucial for other manufacturing sectors such as paper, textiles, leather, and paints. High domestic consumption is a key driver of the chemical industry in India. India consumes more than 30% of its domestic chemical production. Increasing urbanization and rising disposable income in the country drive the demand for chemicals by the adhesives, paints, and construction activities. Chemicals account for around 6% of the total exports by India.

Further, the report states that one challenge in the market is declining crude oil prices. The decline in oil prices has compelled market players to implement cost-cutting measures such as workforce layoffs and rig idling. Brent crude oil was valued at $110.45 per barrel in 2014, and it dipped to $30.65 per barrel in 2015. Cost-intensive activities, such as drilling and exploration, were curtailed in the oil and gas industry, which reduced the demand for heat transfer fluids. In May 2015, the rig count in North America was 985 (year-over-year decline of 53%). The decline in oil prices has made advanced drilling activities, such as offshore exploration and unconventional resources development, economically challenging in regions such as Europe and North America.

Companies Mentioned

British Petroleum, Eastman Chemical Company, Exxon Mobil, Royal Dutch Shell, The Dow Chemical Company, BASF, Chevron, and Huntsman International.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Heat transfer fluid: Market structure
  • Market landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global heat transfer fluid market- Market size and forecast 2016-2021 (kilotons)
      • Table Global heat transfer fluid market - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by product type
    • Segmentation by product type
      • Table Global heat transfer fluid market by product type 2016-2021 (%)
    • Comparison by product type
      • Table Comparison by product type
    • Silicones and aromatics - Market size and forecast 2016-2021
      • Table Silicones and aromatics - Market size and forecast 2016-2021 (kilotons)
      • Table Silicones and aromatics - Year-over-year growth 2017-2021 (%)
      • Table Key properties of silicon fluids
    • Mineral oils - Market size and forecast 2016-2021
      • Table Mineral oils - Market size and forecast 2016-2021 (kilotons)
      • Table Mineral oils- Year-over-year growth 2017-2021 (%)
      • Table Key properties of heat transfer oil
    • Glycol-based fluids - Market size and forecast 2016-2021
      • Table Glycol-based fluids - Market size and forecast 2016-2021 (kilotons)
      • Table Glycol-based fluids - Year-over-year growth 2017-2021 (%)
      • Table Key applications of ethylene glycol
    • Others - Market size and forecast 2016-2021
      • Table Others - Market size and forecast 2016-2021 (kilotons)
      • Table Others - Year-over-year growth 2017-2021 (%)
    • Market opportunity by product type
      • Table Market opportunity by product type
  • Market segmentation by end-user industry
    • Segmentation by end-user industry
      • Table Global heat transfer market by end-user industry 2016-2021 (% share of volume)
    • Comparison by end-user industry
      • Table Comparison by end-user industry
    • Oil and gas - Market size and forecast 2016-2021
      • Table Oil and gas - Market size and forecast 2016-2021 (kilotons)
      • Table Oil and gas - Year-over-year growth 2017-2021 (%)
      • Table Heat transfer fluid in gas processing
    • Chemicals- Market size and forecast 2016-2021
      • Table Chemicals industry - Market size and forecast 2016-2021 (kilotons)
      • Table Chemicals- Year-over-year growth 2017-2021 (%)
    • CSP - Market size and forecast 2016-2021
      • Table CSP - Market size and forecast 2016-2021 (kilotons)
      • Table CSP - Year-over-year growth 2017-2021 (%)
    • Food and beverages - Market size and forecast 2016-2021
      • Table Food and beverages - Market size and forecast 2016-2021 (kilotons)
      • Table Food and beverages - Year-over-year growth 2017-2021 (%)
    • Plastics - Market size and forecast 2016-2021
      • Table Plastics- Market size and forecast 2016-2021 (kilotons)
      • Table Plastics- Year-over-year growth 2017-2021 (%)
    • Others - Market size and forecast 2016-2021
      • Table Others - Market size and forecast 2016-2021 (kilotons)
      • Table Others - Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user industry
      • Table Market opportunity by end-user industry
  • Regional landscape
    • Geographical segmentation
      • Table Global heat transfer market by geography 2016-2021 (% share of volume)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 (kilotons)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 (kilotons)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 (kilotons)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Technological advances in heat transfer fluid product portfolio
    • Increasing investments in concentrated solar power systems
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global heat transfer fluid market: Major vendors
  • Vendor analysis
    • Vendors covered
    • The Dow Chemical Company
      • Table Vendor overview
      • Table The Dow Chemical Company - Business segments
      • Table The Dow Chemical Company- Organizational developments
      • Table The Dow Chemical Company - Geographical focus
      • Table The Dow Chemical Company - Key offerings
    • British Petroleum
      • Table Vendor overview
      • Table British Petroleum - Business segments
      • Table British Petroleum - Geographic focus
      • Table British Petroleum - Key offerings
    • Eastman Chemical Company
      • Table Vendor overview
      • Table Eastman Chemical Company - Business segments
      • Table Eastman Chemical Company - Geographic focus
      • Table Eastman Chemical Company - Key offerings
    • Exxon Mobil
      • Table Vendor overview
      • Table Exxon Mobil - Business segments
      • Table Exxon Mobil - Geographic focus
      • Table Exxon Mobil - Key offerings
    • Royal Dutch Shell
      • Table Vendor overview
      • Table Royal Dutch Shell - Business segments
      • Table Royal Dutch Shell - Geographic focus
      • Table Royal Dutch Shell - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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