Heat Transfer Fluids Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2012 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Heat Transfer Fluids Market Analysis, Market Size, Share,

Regional Outlook, Industry Trends, Competitive Strategies

And Segment Forecast, 2012 To 2022

Industry Overview

Global heat transfer fluids market size is expected to reach 745.3 kilo tons by 2022, growing at a CAGR

of 6.1% from 2015 to 2022.

Growing demand to be used as a heating utility coupled with heat recovery management in industries

such as pharmaceuticals, metal processing, food processing and automotive is anticipated to drive the

heat transfer fluids market growth.

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Increasing concentrated solar power (CSP) plants installations in countries such as the U.S., China and

France are anticipated to drive heat transfer Fluids industry. Global CSP capacity was 436.0 MW in 2008

which increased to 3320 MW in 2014 and witnessed CAGR of 40.1% in the duration period. Thermic

fluids play a significant role in improving efficiency of CSP plants. Owing to enhanced thermal properties

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Industry Research,Custom Research & Consulting

of these fluids, they have high heat storage capabilities which in turn increases the overall power

generation capacity of the plant.

The U.S. and Spain are leading regional markets and are estimated to witness significant growth with

rapid development of existing CSP projects. Spain has advantages of localized resources and along with

favorable policy framework it is expected to reach a capacity of 4.0 GW by 2015.

Growing gas production in GCC is anticipated to fuel synthetic lubricants demand in the form of heat

transfer fluids over the next seven years. GCC natural gas production was 207.5 BCM in 2005 and it

reached 369.2 BCM by 2012. Application growth in construction, automotive, personal care and food &

beverage industries in emerging economies of Middle East countries such as Qatar, Saudi...