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Last updated on April 21, 2014 at 1:20 EDT

Global Heat Transfer Fluid Market Worth $2.5 Billion by 2017

November 9, 2012

DALLAS, November 9, 2012 /PRNewswire/ –

The report “Global Heat Transfer Fluid (Thermal Fluids/High Temperature/Synthetic Heat
Transfer Fluids) Market, by Product Type (Mineral Oils, Silicone & Aromatics, PAG & Glycol
based Fluids, and Molten Salts), Application & Geography – Forecasts to 2017″ defines and
segments the global heat transfer fluids market with analysis and forecasting of the
global volume and revenue for heat transfer fluids. It also identifies driving and
restraining factors for the global heat transfer fluids market with analysis of trends,
opportunities, burning issues, winning imperatives, and challenges. The market is
segmented, and revenues and volumes are forecasted on the basis of major regions such as
North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are
covered and forecasted for each region. Further, market is segmented, and revenues and
volumes are forecasted on the basis of applications and product type as well.

Browse 119 market data tables and 21 figures spread through 254 pages and in-depth TOC
on “Global Heat Transfer Fluid (Thermal Fluids/High Temperature/Synthetic Heat Transfer
Fluids) Market, by Product Type (Mineral Oils, Silicone & Aromatics, PAG & Glycol based
Fluids, and Molten Salts), Application & Geography – Forecasts to 2017″

http://www.marketsandmarkets.com/Market-Reports/thermic-fluid-market-861.html
Early buyers will receive 10% customization on reports.

The applications of heat transfer fluids cover almost all facets of industries ranging
from CSP and oil and gas to pharmaceuticals and automotives. The demand for heat transfer
fluids is expected to increase significantly owing to the growing end-user industries such
as chemicals, manufacturing processes, etc. They have exceptional thermal and oxidation
stability and are widely used in open, vented heat transfer systems, chemical processing
equipment, laminating and calendaring rolls, dies and molds in the rubber and plastics
industries, die-cast zinc, and aluminum alloys.

The major drivers for this market are high growth in the CSP market, strong
performance advantage offered by heat transfer fluids and increasing performance standards
in the industrial sectors. New products launch, product and technological innovation,
expansions and mergers & acquisitions are the fundamentals to survive in this market.

The global market for heat transfer fluids in terms of revenue was estimated to be
worth $1,684.0 million in 2011 and is expected to reach $2,557.2 million by 2017, growing
at a CAGR of 7.4% from 2012 to 2017. Europe dominates the global heat transfer fluid
market [http://www.marketsandmarkets.com/Market-Reports/thermic-fluid-market-861.html ],
accounting for 35.0% of the global heat transfer fluids demand in 2011. Asia-Pacific is
expected to be the fastest growing market in the near future owing to the rapid
advancement and increasing demand from key countries such as China and India. North
American heat transfer fluids market is smaller as compared to Europe in terms of revenue
and volume.

The market is dominated by The Dow Chemical Company (U.S.), Solutia Inc. (U.S.),
ExxonMobil Corporation (U.S.), BP (U.K.), and Shell (The Netherlands) which together
accounted for 76.0% of the overall market in 2011. These market participants are
especially strongest in the U.S., Europe, and Asia-Pacific markets, where they have
significant market presence. The Dow Chemical Company leads the industry and accounted for
30.0% of the overall market in 2011.

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