Thermic Fluid Market
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Global <strong>Thermic</strong> <strong>Fluid</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014<br />
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Report Description<br />
The generic term for heat transfer liquids are known as thermic fluid. The heat transfer<br />
liquids are used to add or remove heat from one part to another part of the process<br />
wherever heat is added. These liquids are used in applications where water or stream<br />
might not work well. It is used in various industries such as chemical industry, solar<br />
power plants, manufacturing processes, petroleum processing and many more.<br />
The market for thermic fluid is expected to grow at a more than CAGR of 7.5% from 2014<br />
to 2020 globally. Europe is the market leader for thermic fluid. But in future Asia Pacific is<br />
expected to be the most promising market. India and China are expected to be the<br />
fastest growing market for these fluids. Another growing market for heat transfer liquids<br />
is Middle East. In future, the growth is expected to be moderate in the economies of<br />
Europe and North America.<br />
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Some of the major factors driving the growth of the market are increased performance<br />
by the industrial sectors, benefit offered by these liquids, and due to growth in the<br />
concentrated solar power market. But rising prices of raw materials is one of the major<br />
restraints of the market. But in future the market has huge opportunities due to growing<br />
heat exchanger demand and increasing demand from the Asia Pacific region due to their<br />
continuous strong economic growth and rising demand for energy.
Report Description<br />
Some of the key players of the market are Solutia Inc. (U.S.), Dow Chemical’s Co. (U.S.),<br />
ExxonMobil (U.S.), Shell Corporation (The Netherlands), BP (U.K.), and others.<br />
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