Heat Transfer Fluids Market by Product Type (Mineral Oils, Synthetic Fluids, Glycol-Based Fluids), End Use (Chemical & Petrochemical, Oil & Gas, Automotive, Renewable Energy, Pharmaceutical), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
The global market for HTFs size is estimated to USD 3.7 Billion in 2022 and is projected to reach USD 5.8 Billion by 2027, at a CAGR of 9.3% between 2022 and 2027. This is attributed to the increasing number of concentrated solar power plants with the rising demand for clean energy drives the growth of the HTF market. Moreover, HTFs plays crucial role in providing effective solutions to utilize heat more productively in various end use like food & beverage, automotive, etc.
In terms of value, glycol-based fluids are the third fastest-growing segment in HTF market, by product type, during the forecast period.
Glycol-based HTFs are odorless and high-performance fluids designed for industrial applications, with a special focus on high thermal efficiency and durability. They give high thermal efficiency and durability in industrial applications. Their enclosed system ensures cleanliness, reduces wear and tear, and eliminates filtration requirements.
In terms of value, pharmaceutical is estimated to be third fastest-growing segment in HTF market, by end-use industry, during the forecast period.
The pharmaceutical industry uses HTFs to design and manufacture new products. A wide temperature range is required because chemical reactions occur at high-temperatures, and crystallization occurs at lower temperatures during manufacturing a final product. Mineral- and silicone-based HTFs are used in pharmaceutical processing because of their thermal stability, high purity, and heat transfer efficiency. Safety is an essential criterion for using HTFs in the pharmaceutical industry. Food-grade HTFs are used in case of accidental contact takes place. These are colourless, odourless, and non-toxic.
North America region accounted for the third-largest share in the HTF market by value.
The market in North America consists of leading manufacturing companies such as The Dow Chemical Company, Chevron, Schultz Canada Chemicals Ltd., and Exxon Mobil. The high demand for HTFs from the chemical, oil & gas, and automotive industries drives the market. According to the ICCA-chem economic analysis report, base chemicals and fertilizers dominate the chemical industry in the region. According to the Center for Strategic and International Studies (CSIS), the development of abundant tight oil and unconventional natural gas resources drives the economic growth of North America. The regional market has been segmented into the US, Canada, and Mexico.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HTF market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:
Research Coverage:
This report provides detailed segmentation of the HTF market based on by product type, by end-use industry, and region. Based on product type, the market has been segmented into mineral oils, synthetic fluids, glycol-based fluids, and others. Based on end-use industry, the market has been segmented into the market has been segmented into chemical & petrochemical, oil & gas, automotive, renewable energy, pharmaceutical, food & beverage and others.
Key Benefits of Buying the Report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the HTF market; high growth regions; and market drivers, restraints, opportunities, and challenges.
In terms of value, glycol-based fluids are the third fastest-growing segment in HTF market, by product type, during the forecast period.
Glycol-based HTFs are odorless and high-performance fluids designed for industrial applications, with a special focus on high thermal efficiency and durability. They give high thermal efficiency and durability in industrial applications. Their enclosed system ensures cleanliness, reduces wear and tear, and eliminates filtration requirements.
In terms of value, pharmaceutical is estimated to be third fastest-growing segment in HTF market, by end-use industry, during the forecast period.
The pharmaceutical industry uses HTFs to design and manufacture new products. A wide temperature range is required because chemical reactions occur at high-temperatures, and crystallization occurs at lower temperatures during manufacturing a final product. Mineral- and silicone-based HTFs are used in pharmaceutical processing because of their thermal stability, high purity, and heat transfer efficiency. Safety is an essential criterion for using HTFs in the pharmaceutical industry. Food-grade HTFs are used in case of accidental contact takes place. These are colourless, odourless, and non-toxic.
North America region accounted for the third-largest share in the HTF market by value.
The market in North America consists of leading manufacturing companies such as The Dow Chemical Company, Chevron, Schultz Canada Chemicals Ltd., and Exxon Mobil. The high demand for HTFs from the chemical, oil & gas, and automotive industries drives the market. According to the ICCA-chem economic analysis report, base chemicals and fertilizers dominate the chemical industry in the region. According to the Center for Strategic and International Studies (CSIS), the development of abundant tight oil and unconventional natural gas resources drives the economic growth of North America. The regional market has been segmented into the US, Canada, and Mexico.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HTF market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:
- By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
- By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
- By Region: APAC – 30%, Europe – 30%, North America – 20%, the Middle East & Africa – 10%, and South America- 10%
Research Coverage:
This report provides detailed segmentation of the HTF market based on by product type, by end-use industry, and region. Based on product type, the market has been segmented into mineral oils, synthetic fluids, glycol-based fluids, and others. Based on end-use industry, the market has been segmented into the market has been segmented into chemical & petrochemical, oil & gas, automotive, renewable energy, pharmaceutical, food & beverage and others.
Key Benefits of Buying the Report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the HTF market; high growth regions; and market drivers, restraints, opportunities, and challenges.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 HTF MARKET: INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HTF MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HTF MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Primary interviews – demand and supply side
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 HTF MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 HTF MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION: HTF MARKET
2.3 CONTRIBUTION OF DRIVERS TOWARD MARKET GROWTH
FIGURE 6 MARKET PROJECTIONS
2.4 DATA TRIANGULATION
FIGURE 7 HTF MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS AND RISKS ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 SYNTHETIC FLUIDS SEGMENT TO DOMINATE HTF MARKET, BY PRODUCT TYPE, THROUGHOUT FORECAST PERIOD
FIGURE 9 CHEMICAL & PETROCHEMICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2022 TO 2027
FIGURE 10 ASIA PACIFIC LED HTF MARKET IN 2021
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HTF MARKET
FIGURE 11 GROWING DEMAND FOR RENEWABLE ENERGY APPLICATIONS TO DRIVE MARKET
4.2 ASIA PACIFIC: HTF MARKET, BY END USE AND COUNTRY
FIGURE 12 CHINA AND CHEMICAL & PETROCHEMICAL SEGMENT COMMANDED HTF MARKET IN ASIA PACIFIC IN 2021
4.3 HTF MARKET, BY PRODUCT TYPE
FIGURE 13 MINERAL OILS TO CAPTURE MAJORITY OF MARKET SHARE, IN TERMS OF VOLUME, BETWEEN 2022 AND 2027
4.4 HTF MARKET, BY END USE
FIGURE 14 CHEMICAL & PETROCHEMICAL SEGMENT TO LEAD HTF MARKET THROUGHOUT FORECAST PERIOD
4.5 HTF MARKET, BY COUNTRY
FIGURE 15 INDIA TO BE FASTEST-GROWING HTF MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HTF MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid industrialization and supportive renewable energy policies in Asia Pacific
FIGURE 17 INDUSTRIAL DEVELOPMENTS IN ASIA PACIFIC IN 2021
5.2.1.2 Growing number of concentrating solar power projects
TABLE 2 CONCENTRATED SOLAR POWER PLANTS WORLDWIDE
5.2.1.3 Increased use of HTFs to reduce operating costs and save energy
5.2.2 RESTRAINTS
5.2.2.1 Volatile raw material prices
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing need for energy conservation and clean energy
5.2.3.2 Government schemes focused on energy efficiency and renewable energy
5.2.4 CHALLENGES
5.2.4.1 Fire and explosion hazards related to thermal HTFs
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 18 HTF MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 3 HTF MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF BUYERS
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 THREAT OF NEW ENTRANTS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
FIGURE 19 OVERVIEW OF HTF MARKET VALUE CHAIN
5.4.1 RAW MATERIAL SUPPLIERS
5.4.2 HTF MANUFACTURERS
5.4.3 DISTRIBUTORS
5.4.4 END USERS
5.5 ECOSYSTEM
FIGURE 20 ECOSYSTEM OF HTF MARKET
TABLE 4 HTF MARKET: ROLE OF STAKEHOLDERS IN ECOSYSTEM
5.6 COVID-19 IMPACT ANALYSIS
5.6.1 COVID-19 ECONOMIC ASSESSMENT
5.6.2 EFFECTS ON COUNTRY-LEVEL GDP
5.6.3 IMPACT ON END-USERS
FIGURE 21 GLOBAL PROPAGATION OF COVID-19 AT UNPRECEDENTED PACE
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICE, BY REGION
FIGURE 22 HTF PRICES IN DIFFERENT REGIONS, 2020–2021 (USD/KG)
5.7.2 AVERAGE SELLING PRICE, BY PRODUCT TYPE
TABLE 5 HTF PRICES FOR DIFFERENT PRODUCT TYPES, 2020–2027 (USD/KG)
FIGURE 23 AVERAGE SELLING PRICE OF HTFS OFFERED BY KEY PLAYERS, BY END USE
5.7.3 AVERAGE SELLING PRICE, BY KEY PLAYER
TABLE 6 KEY PLAYERS: AVERAGE SELLING PRICE (USD/KG)
5.8 TRADE ANALYSIS
TABLE 7 IMPORT TRADE DATA FOR MEDIUM OIL FOR TOP 10 COUNTRIES, 2021 (USD MILLION)
TABLE 8 EXPORT TRADE DATA FOR MEDIUM OIL FOR TOP 10 COUNTRIES, 2021 (USD MILLION)
5.9 MACROECONOMIC DATA
TABLE 9 REAL AND PROJECTED GDP GROWTH OF KEY COUNTRIES, 2018–2025 (ANNUAL PERCENTAGE)
5.9.1 OIL PRODUCTION DATA
TABLE 10 OIL PRODUCTION DATA, BY COUNTRY, 2019–2021 (MILLION TONNE)
5.9.2 RENEWABLE ENERGY PRODUCTION DATA
TABLE 11 RENEWABLE ENERGY GENERATION DATA, BY COUNTRY, 2019–2021 (TERAWATT HOURS)
5.9.3 AUTOMOTIVE PRODUCTION DATA
TABLE 12 AUTOMOTIVE PRODUCTION DATA, BY COUNTRY, 2019–2021 (MILLION UNITS)
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 24 RISE IN ADOPTION OF RENEWABLE ENERGY TO INFLUENCE HTF MARKET
5.11 CASE STUDY ANALYSIS
5.11.1 EASTMAN OFFERED THERMINOL HEAT-TRANSFER FLUID TO INDORAMA VENTURES TO INCREASE ITS PLANT EFFICIENCY
5.11.2 HYDROMX SAVED 35% ENERGY COSTS BY INSTALLING GLYCOL-BASED CRAC UNITS IN CASS COUNTY ELECTRIC COOPERATIVE BUILDING
5.11.3 CHROMALOX AND EASTMAN MEET HIGH-TEMPERATURE DEMANDS OF CHEMICAL PRODUCTION PLANT
5.12 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 13 DETAILED LIST OF CONFERENCES AND EVENTS
5.13 FACTORS INFLUENCING BUYING DECISIONS
5.13.1 QUALITY
5.13.2 SERVICES
FIGURE 25 KEY BUYING CRITERIA
TABLE 14 HTF MARKET: KEY BUYING CRITERIA AND RATINGS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 ASIA PACIFIC
5.14.2 EUROPE
5.14.3 NORTH AMERICA
5.14.3.1 US
5.14.3.2 Canada
TABLE 15 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 PATENT ANALYSIS
5.15.1 METHODOLOGY
5.15.2 PATENTS GRANTED WORLDWIDE, 2011–2021
TABLE 16 TOTAL NUMBER OF PATENTS
FIGURE 26 TOTAL NUMBER OF PATENTS
5.15.3 PATENT PUBLICATION TRENDS
FIGURE 27 TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS
5.15.4 INSIGHTS
5.15.5 LEGAL STATUS OF PATENTS
FIGURE 28 PATENT ANALYSIS, BY LEGAL STATUS
5.15.6 JURISDICTION-WISE PATENT ANALYSIS
FIGURE 29 TOP JURISDICTIONS FOR HTF PATENTS
5.15.7 TOP COMPANIES/APPLICANTS
FIGURE 30 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
5.15.8 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
TABLE 17 TOP 10 PATENT OWNERS
6 HTF MARKET, BY PRODUCT TYPE
6.1 INTRODUCTION
FIGURE 31 SYNTHETIC FLUIDS SEGMENT TO LEAD HTF MARKET, BY PRODUCT TYPE, IN 2027
TABLE 18 HTF MARKET, BY PRODUCT TYPE, 2018–2021 (KILOTON)
TABLE 19 HTF MARKET, BY PRODUCT TYPE, 2022–2027 (KILOTON)
TABLE 20 HTF MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 21 HTF MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
6.2 MINERAL OILS
6.2.1 DESIGNED FOR INDUSTRIAL APPLICATION BELOW 300°C
6.3 SYNTHETIC FLUIDS
6.3.1 SUITABLE FOR HIGH-TEMPERATURE APPLICATIONS
6.4 GLYCOL-BASED FLUIDS
6.4.1 REDUCE MAINTENANCE COSTS AS THEY COMPRISE ANTI-CORROSIVE ADDITIVES
6.5 OTHERS
7 HTF MARKET, BY END USE
7.1 INTRODUCTION
FIGURE 32 CHEMICAL & PETROCHEMICAL SEGMENT TO COMMAND HTF MARKET, BY END USE, DURING FORECAST PERIOD
TABLE 22 HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 23 HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 24 HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 25 HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
7.2 CHEMICAL & PETROCHEMICAL
7.2.1 IMPLEMENTATION OF HTFS IN CHEMICAL PLANTS OWING TO THEIR CORROSION RESISTANCE, NONTOXICITY, AND LOW VOLATILITY PROPERTIES
7.3 OIL & GAS
7.3.1 ADOPTION OF HTFS IN OIL & GAS PLANTS TO REDUCE VIBRATIONS IN TRANSDUCERS, CABLES, AND CONTROL VALVES
7.4 AUTOMOTIVE
7.4.1 USE OF HTFS IN AUTOMOBILE BATTERIES, COMPRESSORS, AND MOTORS FOR EFFICIENT HEAT TRANSFER
7.5 FOOD & BEVERAGE
7.5.1 UTILIZATION OF HTFS AS SUBSTITUTE FOR STEAM IN FOOD PROCESSING PLANTS
7.6 RENEWABLE ENERGY
7.6.1 DEPLOYMENT OF HTFS IN CSP PLANTS DUE TO THEIR HIGH OXIDATION RESISTANCE AND THERMAL STABILITY
7.7 PHARMACEUTICAL
7.7.1 IMPLEMENTATION OF FOOD-GRADE HTFS IN PHARMACEUTICAL APPLICATIONS BECAUSE OF THERMAL STABILITY AND HIGH PURITY REQUIREMENTS
7.8 HVAC
7.8.1 CORROSION RESISTANCE AND LONG-TERM STABILITY OF HTFS TO INCREASE THEIR DEMAND FOR HVAC APPLICATIONS
7.9 OTHERS
8 HTF MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 33 ASIA PACIFIC TO CREATE LUCRATIVE OPPORTUNITIES FOR HTF MARKET PLAYERS
TABLE 26 HTF MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 27 HTF MARKET, BY REGION, 2022–2027 (KILOTON)
TABLE 28 HTF MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 29 HTF MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2 ASIA PACIFIC
FIGURE 34 ASIA PACIFIC: HTF MARKET SNAPSHOT
TABLE 30 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 31 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 32 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 34 ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 35 ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 36 ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 37 ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.1 CHINA
8.2.1.1 Thriving chemical sector to drive HTF market growth
TABLE 38 CHINA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 39 CHINA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 40 CHINA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 41 CHINA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.2 JAPAN
8.2.2.1 Booming electronics industry to witness high demand for HTFs
TABLE 42 JAPAN: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 43 JAPAN: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 44 JAPAN: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 45 JAPAN: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.3 INDIA
8.2.3.1 Abundant solar energy to create new avenues for HTF business growth
TABLE 46 INDIA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 47 INDIA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 48 INDIA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 49 INDIA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.4 SOUTH KOREA
8.2.4.1 Flourishing electronics industry to witness high demand for HTFs
TABLE 50 SOUTH KOREA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 51 SOUTH KOREA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 52 SOUTH KOREA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 53 SOUTH KOREA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.5 REST OF ASIA PACIFIC
TABLE 54 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 55 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 56 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 57 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3 EUROPE
FIGURE 35 EUROPE: HTF MARKET SNAPSHOT
TABLE 58 EUROPE: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 59 EUROPE: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 60 EUROPE: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 61 EUROPE: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 62 EUROPE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 63 EUROPE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 64 EUROPE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 65 EUROPE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.1 GERMANY
8.3.1.1 Strong manufacturing sector to propel market growth
TABLE 66 GERMANY: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 67 GERMANY: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 68 GERMANY: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 69 GERMANY: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.2 FRANCE
8.3.2.1 Strong base of manufacturing firms to provide impetus to use HTFs
TABLE 70 FRANCE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 71 FRANCE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 72 FRANCE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 73 FRANCE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.3 ITALY
8.3.3.1 Country’s strong focus on environmental protection to foster market growth
TABLE 74 ITALY: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 75 ITALY: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 76 ITALY: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 77 ITALY: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.4 UK
8.3.4.1 Rising use of renewable energy to spur demand for HTFs
TABLE 78 UK: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 79 UK: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 80 UK: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 81 UK: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.5 SPAIN
8.3.5.1 Production of energy using renewables to propel market growth
TABLE 82 SPAIN: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 83 SPAIN: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 84 SPAIN: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 85 SPAIN: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.6 REST OF EUROPE
TABLE 86 REST OF EUROPE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 87 REST OF EUROPE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 88 REST OF EUROPE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 89 REST OF EUROPE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4 NORTH AMERICA
FIGURE 36 NORTH AMERICA: HTF MARKET SNAPSHOT
TABLE 90 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 91 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 92 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 93 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 94 NORTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 95 NORTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 96 NORTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 97 NORTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4.1 US
8.4.1.1 Increasing demand for renewable energy to boost market
TABLE 98 US: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 99 US: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 100 US: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 101 US: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4.2 CANADA
8.4.2.1 Expertise in emerging technologies to attract major investments
TABLE 102 CANADA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 103 CANADA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 104 CANADA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 105 CANADA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4.3 MEXICO
8.4.3.1 Increased foreign investments in oil & gas industry to boost HTF market
TABLE 106 MEXICO: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 107 MEXICO: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 108 MEXICO: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 109 MEXICO: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5 SOUTH AMERICA
TABLE 110 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 111 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 112 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 113 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 114 SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 115 SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 116 SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 117 SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5.1 BRAZIL
8.5.1.1 Growing industrialization to boost market
TABLE 118 BRAZIL: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 119 BRAZIL: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 120 BRAZIL: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 121 BRAZIL: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5.2 ARGENTINA
8.5.2.1 Economic recovery to favor market growth
TABLE 122 ARGENTINA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 123 ARGENTINA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 124 ARGENTINA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 125 ARGENTINA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5.3 REST OF SOUTH AMERICA
TABLE 126 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 127 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 128 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 129 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6 MIDDLE EAST & AFRICA
TABLE 130 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 131 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 132 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 133 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 135 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 136 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 137 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6.1 SAUDI ARABIA
8.6.1.1 Growing oil & gas and chemicals industries to push market growth
TABLE 138 SAUDI ARABIA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 139 SAUDI ARABIA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 140 SAUDI ARABIA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 141 SAUDI ARABIA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6.2 UAE
8.6.2.1 Rising demand for HTFs from oil & gas industry to support market growth
TABLE 142 UAE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 143 UAE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 144 UAE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 145 UAE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6.3 REST OF MIDDLE EAST & AFRICA
TABLE 146 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 147 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 148 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 149 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 STRATEGIES ADOPTED BY KEY PLAYERS
FIGURE 37 INVESTMENTS & EXPANSIONS KEY GROWTH STRATEGY BETWEEN 2015 AND 2022
9.3 MARKET RANKING ANALYSIS
FIGURE 38 RANKING OF TOP FIVE PLAYERS IN HTF MARKET, 2022
9.4 MARKET SHARE ANALYSIS
FIGURE 39 HTF MARKET SHARE, BY COMPANY (2021)
TABLE 150 HTF MARKET: DEGREE OF COMPETITION
9.5 REVENUE ANALYSIS OF TOP PLAYERS
TABLE 151 HTF MARKET: REVENUE ANALYSIS, 2019 TO 2021 (USD BILLION)
9.6 MARKET EVALUATION MATRIX
TABLE 152 MARKET EVALUATION MATRIX
9.7 COMPANY EVALUATION MATRIX
9.7.1 STARS
9.7.2 EMERGING LEADERS
9.7.3 PERVASIVE PLAYERS
9.7.4 PARTICIPANTS
FIGURE 40 HTF MARKET: COMPANY EVALUATION MATRIX, 2021
9.8 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
9.8.1 RESPONSIVE COMPANIES
9.8.2 STARTING BLOCKS
FIGURE 41 HTF MARKET: START-UP AND SME MATRIX, 2022
9.9 COMPETITIVE BENCHMARKING
9.9.1 COMPANY PRODUCT TYPE FOOTPRINT
9.9.2 COMPANY END USE FOOTPRINT
9.9.3 COMPANY REGION FOOTPRINT
9.10 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 42 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN HTF MARKET
9.11 BUSINESS STRATEGY EXCELLENCE
FIGURE 43 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN HTF MARKET
9.12 COMPETITIVE SCENARIO
9.12.1 PRODUCT LAUNCHES
TABLE 153 PRODUCT LAUNCHES
9.12.2 EXPANSIONS, COLLABORATIONS, AND INVESTMENTS
TABLE 154 EXPANSIONS, COLLABORATIONS, AND INVESTMENTS
9.12.3 MERGERS & ACQUISITIONS
TABLE 155 MERGERS & ACQUISITIONS
10 COMPANY PROFILES
10.1 MAJOR PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1.1 THE DOW CHEMICAL COMPANY
TABLE 156 THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW
FIGURE 44 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 157 THE DOW CHEMICAL COMPANY: PRODUCT OFFERINGS
TABLE 158 THE DOW CHEMICAL COMPANY: NEW PRODUCT LAUNCHES
TABLE 159 THE DOW CHEMICAL COMPANY: OTHER DEVELOPMENTS
10.1.2 EASTMAN CHEMICAL COMPANY
TABLE 160 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
FIGURE 45 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 161 EASTMAN CHEMICAL COMPANY: PRODUCT OFFERINGS
TABLE 162 EASTMAN CHEMICAL COMPANY: NEW PRODUCT LAUNCHES
TABLE 163 EASTMAN CHEMICAL COMPANY: DEALS
TABLE 164 EASTMAN CHEMICAL COMPANY: OTHER DEVELOPMENTS
10.1.3 EXXONMOBIL
TABLE 165 EXXONMOBIL: COMPANY OVERVIEW
FIGURE 46 EXXONMOBIL: COMPANY SNAPSHOT
TABLE 166 EXXONMOBIL: PRODUCT OFFERINGS
TABLE 167 EXXONMOBIL: DEALS
10.1.4 CHEVRON
TABLE 168 CHEVRON: COMPANY OVERVIEW
FIGURE 47 CHEVRON: COMPANY SNAPSHOT
TABLE 169 CHEVRON: PRODUCT OFFERINGS
TABLE 170 CHEVRON: DEALS
10.1.5 HUNTSMAN CORPORATION
TABLE 171 HUNTSMAN CORPORATION: COMPANY OVERVIEW
FIGURE 48 HUNTSMAN CORPORATION: COMPANY SNAPSHOT
TABLE 172 HUNTSMAN CORPORATION: PRODUCT OFFERINGS
10.1.6 SHELL PLC
TABLE 173 SHELL PLC: COMPANY OVERVIEW
FIGURE 49 SHELL PLC: COMPANY SNAPSHOT
TABLE 174 SHELL PLC: PRODUCT OFFERINGS
10.1.7 LANXESS
TABLE 175 LANXESS: COMPANY OVERVIEW
FIGURE 50 LANXESS: COMPANY SNAPSHOT
TABLE 176 LANXESS: PRODUCT OFFERINGS
10.1.8 CLARIANT AG
TABLE 177 CLARIANT AG: COMPANY OVERVIEW
TABLE 178 CLARIANT AG: PRODUCT OFFERINGS
10.1.9 WACKER CHEMIE AG
TABLE 179 WACKER CHEMIE AG: COMPANY OVERVIEW
FIGURE 51 WACKER CHEMIE AG: COMPANY SNAPSHOT
TABLE 180 WACKER CHEMIE AG: PRODUCT OFFERINGS
10.1.10 INDIAN OIL CORPORATION
TABLE 181 INDIAN OIL CORPORATION: COMPANY OVERVIEW
FIGURE 52 INDIAN OIL CORPORATION: COMPANY SNAPSHOT
TABLE 182 INDIAN OIL CORPORATION: PRODUCT OFFERINGS
10.1.11 SCHULTZ CANADA CHEMICALS LTD.
TABLE 183 SCHULTZ CANADA CHEMICALS LTD.: COMPANY OVERVIEW
TABLE 184 SCHULTZ CANADA CHEMICALS LTD.: PRODUCT OFFERINGS
* Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
10.2 OTHER PLAYERS
10.2.1 PARATHERM
10.2.2 ARKEMA
10.2.3 BASF
10.2.4 DALIAN RICHFORTUNE CHEMICALS
10.2.5 BRITISH PETROLEUM
10.2.6 DUPONT TATE & LYLE
10.2.7 DYNALENE
10.2.8 HINDUSTAN PETROLEUM CORPORATION
10.2.9 GLOBAL HEAT TRANSFER
10.2.10 ISEL
10.2.11 PARAS LUBRICANTS LIMITED
10.2.12 PETRO-CANADA
10.2.13 PHILLIPS 66
10.2.14 RADCO INDUSTRIES
10.2.15 SCHAEFFER SPECIALIZED LUBRICANTS
11 APPENDIX
11.1 DISCUSSION GUIDE
11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.3 CUSTOMIZATION OPTIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 HTF MARKET: INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HTF MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HTF MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Primary interviews – demand and supply side
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 HTF MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 HTF MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION: HTF MARKET
2.3 CONTRIBUTION OF DRIVERS TOWARD MARKET GROWTH
FIGURE 6 MARKET PROJECTIONS
2.4 DATA TRIANGULATION
FIGURE 7 HTF MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS AND RISKS ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 SYNTHETIC FLUIDS SEGMENT TO DOMINATE HTF MARKET, BY PRODUCT TYPE, THROUGHOUT FORECAST PERIOD
FIGURE 9 CHEMICAL & PETROCHEMICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2022 TO 2027
FIGURE 10 ASIA PACIFIC LED HTF MARKET IN 2021
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HTF MARKET
FIGURE 11 GROWING DEMAND FOR RENEWABLE ENERGY APPLICATIONS TO DRIVE MARKET
4.2 ASIA PACIFIC: HTF MARKET, BY END USE AND COUNTRY
FIGURE 12 CHINA AND CHEMICAL & PETROCHEMICAL SEGMENT COMMANDED HTF MARKET IN ASIA PACIFIC IN 2021
4.3 HTF MARKET, BY PRODUCT TYPE
FIGURE 13 MINERAL OILS TO CAPTURE MAJORITY OF MARKET SHARE, IN TERMS OF VOLUME, BETWEEN 2022 AND 2027
4.4 HTF MARKET, BY END USE
FIGURE 14 CHEMICAL & PETROCHEMICAL SEGMENT TO LEAD HTF MARKET THROUGHOUT FORECAST PERIOD
4.5 HTF MARKET, BY COUNTRY
FIGURE 15 INDIA TO BE FASTEST-GROWING HTF MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HTF MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid industrialization and supportive renewable energy policies in Asia Pacific
FIGURE 17 INDUSTRIAL DEVELOPMENTS IN ASIA PACIFIC IN 2021
5.2.1.2 Growing number of concentrating solar power projects
TABLE 2 CONCENTRATED SOLAR POWER PLANTS WORLDWIDE
5.2.1.3 Increased use of HTFs to reduce operating costs and save energy
5.2.2 RESTRAINTS
5.2.2.1 Volatile raw material prices
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing need for energy conservation and clean energy
5.2.3.2 Government schemes focused on energy efficiency and renewable energy
5.2.4 CHALLENGES
5.2.4.1 Fire and explosion hazards related to thermal HTFs
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 18 HTF MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 3 HTF MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF BUYERS
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 THREAT OF NEW ENTRANTS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
FIGURE 19 OVERVIEW OF HTF MARKET VALUE CHAIN
5.4.1 RAW MATERIAL SUPPLIERS
5.4.2 HTF MANUFACTURERS
5.4.3 DISTRIBUTORS
5.4.4 END USERS
5.5 ECOSYSTEM
FIGURE 20 ECOSYSTEM OF HTF MARKET
TABLE 4 HTF MARKET: ROLE OF STAKEHOLDERS IN ECOSYSTEM
5.6 COVID-19 IMPACT ANALYSIS
5.6.1 COVID-19 ECONOMIC ASSESSMENT
5.6.2 EFFECTS ON COUNTRY-LEVEL GDP
5.6.3 IMPACT ON END-USERS
FIGURE 21 GLOBAL PROPAGATION OF COVID-19 AT UNPRECEDENTED PACE
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICE, BY REGION
FIGURE 22 HTF PRICES IN DIFFERENT REGIONS, 2020–2021 (USD/KG)
5.7.2 AVERAGE SELLING PRICE, BY PRODUCT TYPE
TABLE 5 HTF PRICES FOR DIFFERENT PRODUCT TYPES, 2020–2027 (USD/KG)
FIGURE 23 AVERAGE SELLING PRICE OF HTFS OFFERED BY KEY PLAYERS, BY END USE
5.7.3 AVERAGE SELLING PRICE, BY KEY PLAYER
TABLE 6 KEY PLAYERS: AVERAGE SELLING PRICE (USD/KG)
5.8 TRADE ANALYSIS
TABLE 7 IMPORT TRADE DATA FOR MEDIUM OIL FOR TOP 10 COUNTRIES, 2021 (USD MILLION)
TABLE 8 EXPORT TRADE DATA FOR MEDIUM OIL FOR TOP 10 COUNTRIES, 2021 (USD MILLION)
5.9 MACROECONOMIC DATA
TABLE 9 REAL AND PROJECTED GDP GROWTH OF KEY COUNTRIES, 2018–2025 (ANNUAL PERCENTAGE)
5.9.1 OIL PRODUCTION DATA
TABLE 10 OIL PRODUCTION DATA, BY COUNTRY, 2019–2021 (MILLION TONNE)
5.9.2 RENEWABLE ENERGY PRODUCTION DATA
TABLE 11 RENEWABLE ENERGY GENERATION DATA, BY COUNTRY, 2019–2021 (TERAWATT HOURS)
5.9.3 AUTOMOTIVE PRODUCTION DATA
TABLE 12 AUTOMOTIVE PRODUCTION DATA, BY COUNTRY, 2019–2021 (MILLION UNITS)
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 24 RISE IN ADOPTION OF RENEWABLE ENERGY TO INFLUENCE HTF MARKET
5.11 CASE STUDY ANALYSIS
5.11.1 EASTMAN OFFERED THERMINOL HEAT-TRANSFER FLUID TO INDORAMA VENTURES TO INCREASE ITS PLANT EFFICIENCY
5.11.2 HYDROMX SAVED 35% ENERGY COSTS BY INSTALLING GLYCOL-BASED CRAC UNITS IN CASS COUNTY ELECTRIC COOPERATIVE BUILDING
5.11.3 CHROMALOX AND EASTMAN MEET HIGH-TEMPERATURE DEMANDS OF CHEMICAL PRODUCTION PLANT
5.12 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 13 DETAILED LIST OF CONFERENCES AND EVENTS
5.13 FACTORS INFLUENCING BUYING DECISIONS
5.13.1 QUALITY
5.13.2 SERVICES
FIGURE 25 KEY BUYING CRITERIA
TABLE 14 HTF MARKET: KEY BUYING CRITERIA AND RATINGS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 ASIA PACIFIC
5.14.2 EUROPE
5.14.3 NORTH AMERICA
5.14.3.1 US
5.14.3.2 Canada
TABLE 15 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 PATENT ANALYSIS
5.15.1 METHODOLOGY
5.15.2 PATENTS GRANTED WORLDWIDE, 2011–2021
TABLE 16 TOTAL NUMBER OF PATENTS
FIGURE 26 TOTAL NUMBER OF PATENTS
5.15.3 PATENT PUBLICATION TRENDS
FIGURE 27 TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS
5.15.4 INSIGHTS
5.15.5 LEGAL STATUS OF PATENTS
FIGURE 28 PATENT ANALYSIS, BY LEGAL STATUS
5.15.6 JURISDICTION-WISE PATENT ANALYSIS
FIGURE 29 TOP JURISDICTIONS FOR HTF PATENTS
5.15.7 TOP COMPANIES/APPLICANTS
FIGURE 30 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
5.15.8 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
TABLE 17 TOP 10 PATENT OWNERS
6 HTF MARKET, BY PRODUCT TYPE
6.1 INTRODUCTION
FIGURE 31 SYNTHETIC FLUIDS SEGMENT TO LEAD HTF MARKET, BY PRODUCT TYPE, IN 2027
TABLE 18 HTF MARKET, BY PRODUCT TYPE, 2018–2021 (KILOTON)
TABLE 19 HTF MARKET, BY PRODUCT TYPE, 2022–2027 (KILOTON)
TABLE 20 HTF MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 21 HTF MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
6.2 MINERAL OILS
6.2.1 DESIGNED FOR INDUSTRIAL APPLICATION BELOW 300°C
6.3 SYNTHETIC FLUIDS
6.3.1 SUITABLE FOR HIGH-TEMPERATURE APPLICATIONS
6.4 GLYCOL-BASED FLUIDS
6.4.1 REDUCE MAINTENANCE COSTS AS THEY COMPRISE ANTI-CORROSIVE ADDITIVES
6.5 OTHERS
7 HTF MARKET, BY END USE
7.1 INTRODUCTION
FIGURE 32 CHEMICAL & PETROCHEMICAL SEGMENT TO COMMAND HTF MARKET, BY END USE, DURING FORECAST PERIOD
TABLE 22 HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 23 HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 24 HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 25 HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
7.2 CHEMICAL & PETROCHEMICAL
7.2.1 IMPLEMENTATION OF HTFS IN CHEMICAL PLANTS OWING TO THEIR CORROSION RESISTANCE, NONTOXICITY, AND LOW VOLATILITY PROPERTIES
7.3 OIL & GAS
7.3.1 ADOPTION OF HTFS IN OIL & GAS PLANTS TO REDUCE VIBRATIONS IN TRANSDUCERS, CABLES, AND CONTROL VALVES
7.4 AUTOMOTIVE
7.4.1 USE OF HTFS IN AUTOMOBILE BATTERIES, COMPRESSORS, AND MOTORS FOR EFFICIENT HEAT TRANSFER
7.5 FOOD & BEVERAGE
7.5.1 UTILIZATION OF HTFS AS SUBSTITUTE FOR STEAM IN FOOD PROCESSING PLANTS
7.6 RENEWABLE ENERGY
7.6.1 DEPLOYMENT OF HTFS IN CSP PLANTS DUE TO THEIR HIGH OXIDATION RESISTANCE AND THERMAL STABILITY
7.7 PHARMACEUTICAL
7.7.1 IMPLEMENTATION OF FOOD-GRADE HTFS IN PHARMACEUTICAL APPLICATIONS BECAUSE OF THERMAL STABILITY AND HIGH PURITY REQUIREMENTS
7.8 HVAC
7.8.1 CORROSION RESISTANCE AND LONG-TERM STABILITY OF HTFS TO INCREASE THEIR DEMAND FOR HVAC APPLICATIONS
7.9 OTHERS
8 HTF MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 33 ASIA PACIFIC TO CREATE LUCRATIVE OPPORTUNITIES FOR HTF MARKET PLAYERS
TABLE 26 HTF MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 27 HTF MARKET, BY REGION, 2022–2027 (KILOTON)
TABLE 28 HTF MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 29 HTF MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2 ASIA PACIFIC
FIGURE 34 ASIA PACIFIC: HTF MARKET SNAPSHOT
TABLE 30 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 31 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 32 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 33 ASIA PACIFIC: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 34 ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 35 ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 36 ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 37 ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.1 CHINA
8.2.1.1 Thriving chemical sector to drive HTF market growth
TABLE 38 CHINA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 39 CHINA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 40 CHINA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 41 CHINA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.2 JAPAN
8.2.2.1 Booming electronics industry to witness high demand for HTFs
TABLE 42 JAPAN: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 43 JAPAN: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 44 JAPAN: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 45 JAPAN: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.3 INDIA
8.2.3.1 Abundant solar energy to create new avenues for HTF business growth
TABLE 46 INDIA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 47 INDIA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 48 INDIA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 49 INDIA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.4 SOUTH KOREA
8.2.4.1 Flourishing electronics industry to witness high demand for HTFs
TABLE 50 SOUTH KOREA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 51 SOUTH KOREA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 52 SOUTH KOREA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 53 SOUTH KOREA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.2.5 REST OF ASIA PACIFIC
TABLE 54 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 55 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 56 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 57 REST OF ASIA PACIFIC: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3 EUROPE
FIGURE 35 EUROPE: HTF MARKET SNAPSHOT
TABLE 58 EUROPE: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 59 EUROPE: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 60 EUROPE: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 61 EUROPE: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 62 EUROPE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 63 EUROPE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 64 EUROPE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 65 EUROPE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.1 GERMANY
8.3.1.1 Strong manufacturing sector to propel market growth
TABLE 66 GERMANY: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 67 GERMANY: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 68 GERMANY: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 69 GERMANY: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.2 FRANCE
8.3.2.1 Strong base of manufacturing firms to provide impetus to use HTFs
TABLE 70 FRANCE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 71 FRANCE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 72 FRANCE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 73 FRANCE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.3 ITALY
8.3.3.1 Country’s strong focus on environmental protection to foster market growth
TABLE 74 ITALY: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 75 ITALY: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 76 ITALY: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 77 ITALY: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.4 UK
8.3.4.1 Rising use of renewable energy to spur demand for HTFs
TABLE 78 UK: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 79 UK: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 80 UK: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 81 UK: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.5 SPAIN
8.3.5.1 Production of energy using renewables to propel market growth
TABLE 82 SPAIN: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 83 SPAIN: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 84 SPAIN: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 85 SPAIN: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.3.6 REST OF EUROPE
TABLE 86 REST OF EUROPE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 87 REST OF EUROPE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 88 REST OF EUROPE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 89 REST OF EUROPE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4 NORTH AMERICA
FIGURE 36 NORTH AMERICA: HTF MARKET SNAPSHOT
TABLE 90 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 91 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 92 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 93 NORTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 94 NORTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 95 NORTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 96 NORTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 97 NORTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4.1 US
8.4.1.1 Increasing demand for renewable energy to boost market
TABLE 98 US: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 99 US: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 100 US: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 101 US: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4.2 CANADA
8.4.2.1 Expertise in emerging technologies to attract major investments
TABLE 102 CANADA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 103 CANADA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 104 CANADA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 105 CANADA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.4.3 MEXICO
8.4.3.1 Increased foreign investments in oil & gas industry to boost HTF market
TABLE 106 MEXICO: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 107 MEXICO: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 108 MEXICO: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 109 MEXICO: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5 SOUTH AMERICA
TABLE 110 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 111 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 112 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 113 SOUTH AMERICA: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 114 SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 115 SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 116 SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 117 SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5.1 BRAZIL
8.5.1.1 Growing industrialization to boost market
TABLE 118 BRAZIL: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 119 BRAZIL: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 120 BRAZIL: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 121 BRAZIL: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5.2 ARGENTINA
8.5.2.1 Economic recovery to favor market growth
TABLE 122 ARGENTINA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 123 ARGENTINA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 124 ARGENTINA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 125 ARGENTINA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.5.3 REST OF SOUTH AMERICA
TABLE 126 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 127 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 128 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 129 REST OF SOUTH AMERICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6 MIDDLE EAST & AFRICA
TABLE 130 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 131 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2022–2027 (KILOTON)
TABLE 132 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 133 MIDDLE EAST & AFRICA: HTF MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 135 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 136 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 137 MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6.1 SAUDI ARABIA
8.6.1.1 Growing oil & gas and chemicals industries to push market growth
TABLE 138 SAUDI ARABIA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 139 SAUDI ARABIA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 140 SAUDI ARABIA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 141 SAUDI ARABIA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6.2 UAE
8.6.2.1 Rising demand for HTFs from oil & gas industry to support market growth
TABLE 142 UAE: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 143 UAE: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 144 UAE: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 145 UAE: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
8.6.3 REST OF MIDDLE EAST & AFRICA
TABLE 146 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (KILOTON)
TABLE 147 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (KILOTON)
TABLE 148 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2018–2021 (USD MILLION)
TABLE 149 REST OF MIDDLE EAST & AFRICA: HTF MARKET, BY END USE, 2022–2027 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 STRATEGIES ADOPTED BY KEY PLAYERS
FIGURE 37 INVESTMENTS & EXPANSIONS KEY GROWTH STRATEGY BETWEEN 2015 AND 2022
9.3 MARKET RANKING ANALYSIS
FIGURE 38 RANKING OF TOP FIVE PLAYERS IN HTF MARKET, 2022
9.4 MARKET SHARE ANALYSIS
FIGURE 39 HTF MARKET SHARE, BY COMPANY (2021)
TABLE 150 HTF MARKET: DEGREE OF COMPETITION
9.5 REVENUE ANALYSIS OF TOP PLAYERS
TABLE 151 HTF MARKET: REVENUE ANALYSIS, 2019 TO 2021 (USD BILLION)
9.6 MARKET EVALUATION MATRIX
TABLE 152 MARKET EVALUATION MATRIX
9.7 COMPANY EVALUATION MATRIX
9.7.1 STARS
9.7.2 EMERGING LEADERS
9.7.3 PERVASIVE PLAYERS
9.7.4 PARTICIPANTS
FIGURE 40 HTF MARKET: COMPANY EVALUATION MATRIX, 2021
9.8 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
9.8.1 RESPONSIVE COMPANIES
9.8.2 STARTING BLOCKS
FIGURE 41 HTF MARKET: START-UP AND SME MATRIX, 2022
9.9 COMPETITIVE BENCHMARKING
9.9.1 COMPANY PRODUCT TYPE FOOTPRINT
9.9.2 COMPANY END USE FOOTPRINT
9.9.3 COMPANY REGION FOOTPRINT
9.10 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 42 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN HTF MARKET
9.11 BUSINESS STRATEGY EXCELLENCE
FIGURE 43 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN HTF MARKET
9.12 COMPETITIVE SCENARIO
9.12.1 PRODUCT LAUNCHES
TABLE 153 PRODUCT LAUNCHES
9.12.2 EXPANSIONS, COLLABORATIONS, AND INVESTMENTS
TABLE 154 EXPANSIONS, COLLABORATIONS, AND INVESTMENTS
9.12.3 MERGERS & ACQUISITIONS
TABLE 155 MERGERS & ACQUISITIONS
10 COMPANY PROFILES
10.1 MAJOR PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1.1 THE DOW CHEMICAL COMPANY
TABLE 156 THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW
FIGURE 44 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 157 THE DOW CHEMICAL COMPANY: PRODUCT OFFERINGS
TABLE 158 THE DOW CHEMICAL COMPANY: NEW PRODUCT LAUNCHES
TABLE 159 THE DOW CHEMICAL COMPANY: OTHER DEVELOPMENTS
10.1.2 EASTMAN CHEMICAL COMPANY
TABLE 160 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
FIGURE 45 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 161 EASTMAN CHEMICAL COMPANY: PRODUCT OFFERINGS
TABLE 162 EASTMAN CHEMICAL COMPANY: NEW PRODUCT LAUNCHES
TABLE 163 EASTMAN CHEMICAL COMPANY: DEALS
TABLE 164 EASTMAN CHEMICAL COMPANY: OTHER DEVELOPMENTS
10.1.3 EXXONMOBIL
TABLE 165 EXXONMOBIL: COMPANY OVERVIEW
FIGURE 46 EXXONMOBIL: COMPANY SNAPSHOT
TABLE 166 EXXONMOBIL: PRODUCT OFFERINGS
TABLE 167 EXXONMOBIL: DEALS
10.1.4 CHEVRON
TABLE 168 CHEVRON: COMPANY OVERVIEW
FIGURE 47 CHEVRON: COMPANY SNAPSHOT
TABLE 169 CHEVRON: PRODUCT OFFERINGS
TABLE 170 CHEVRON: DEALS
10.1.5 HUNTSMAN CORPORATION
TABLE 171 HUNTSMAN CORPORATION: COMPANY OVERVIEW
FIGURE 48 HUNTSMAN CORPORATION: COMPANY SNAPSHOT
TABLE 172 HUNTSMAN CORPORATION: PRODUCT OFFERINGS
10.1.6 SHELL PLC
TABLE 173 SHELL PLC: COMPANY OVERVIEW
FIGURE 49 SHELL PLC: COMPANY SNAPSHOT
TABLE 174 SHELL PLC: PRODUCT OFFERINGS
10.1.7 LANXESS
TABLE 175 LANXESS: COMPANY OVERVIEW
FIGURE 50 LANXESS: COMPANY SNAPSHOT
TABLE 176 LANXESS: PRODUCT OFFERINGS
10.1.8 CLARIANT AG
TABLE 177 CLARIANT AG: COMPANY OVERVIEW
TABLE 178 CLARIANT AG: PRODUCT OFFERINGS
10.1.9 WACKER CHEMIE AG
TABLE 179 WACKER CHEMIE AG: COMPANY OVERVIEW
FIGURE 51 WACKER CHEMIE AG: COMPANY SNAPSHOT
TABLE 180 WACKER CHEMIE AG: PRODUCT OFFERINGS
10.1.10 INDIAN OIL CORPORATION
TABLE 181 INDIAN OIL CORPORATION: COMPANY OVERVIEW
FIGURE 52 INDIAN OIL CORPORATION: COMPANY SNAPSHOT
TABLE 182 INDIAN OIL CORPORATION: PRODUCT OFFERINGS
10.1.11 SCHULTZ CANADA CHEMICALS LTD.
TABLE 183 SCHULTZ CANADA CHEMICALS LTD.: COMPANY OVERVIEW
TABLE 184 SCHULTZ CANADA CHEMICALS LTD.: PRODUCT OFFERINGS
* Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
10.2 OTHER PLAYERS
10.2.1 PARATHERM
10.2.2 ARKEMA
10.2.3 BASF
10.2.4 DALIAN RICHFORTUNE CHEMICALS
10.2.5 BRITISH PETROLEUM
10.2.6 DUPONT TATE & LYLE
10.2.7 DYNALENE
10.2.8 HINDUSTAN PETROLEUM CORPORATION
10.2.9 GLOBAL HEAT TRANSFER
10.2.10 ISEL
10.2.11 PARAS LUBRICANTS LIMITED
10.2.12 PETRO-CANADA
10.2.13 PHILLIPS 66
10.2.14 RADCO INDUSTRIES
10.2.15 SCHAEFFER SPECIALIZED LUBRICANTS
11 APPENDIX
11.1 DISCUSSION GUIDE
11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.3 CUSTOMIZATION OPTIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
The global heat transfer fluids market was valued at about $XX million in 2013
- Silicone & aromatics dominated the global market in terms of value with about $XX million in 2013. However, it is expected that silicone & aromatics will continue to lead in terms of value by 2019
- Silicone & aromatics finds applications in various industries. They are expected to be the fastest growing heat transfer fluids product type, driven by their increasing use in oil and gas, and chemical industries and their robust and efficient nature in transferring thermal energy
- The European market is the dominating region for heat transfer fluids with about $XX million in 2013, followed by the North American market
The global heat transfer fluid market is expected to reach about $XX million by 2019, in terms of value, at a CAGR of XX%
- The market is largely driven by the oil and gas industry, followed by the chemical industry
- The others (molten salts, HFPE, and others) are expected to be the fastest growing types with a CAGR of XX%, in terms of value
- The new technology of producing bio-based Heat Transfer Fluids is seen as the next generation Heat Transfer Fluids and is expected to deliver performance on par with the basic grade of Heat Transfer Fluids
- The U.S. remains as the dominating country-wise market across the globe, expected to grow at a CAGR of about XX% in terms of value for the next five years. The U.S. market is expected to continue to be a leader in term of value in 2019
The CSP segment is expected to witness good growth in the next five years; driven by an increasing use of renewable source of energy as a means of power generation.
The Heat Transfer Fluids industry is moving towards strategic expansions and investments as the major Heat Transfer Fluids companies are expanding their Heat Transfer Fluids plant capacities and establishing new Heat Transfer Fluids plants. The Dow Chemical Company (U.S.), Honeywell international Inc. (U.S.), BASF SE (Germany), Chevron Corporation (U.S.), ConocoPhillips (U.S.) & ExxonMobil Corporation (U.S.), among others were some of the most active players between 2009 and 2013.
