Thermic Fluids Market Segmented by Types, Applications and Manufacturers till 2028
The chemicals segment is estimated to be the fastest growing during the forecast period owing to its increased demand across chemical production industries, food & beverage, and automotive sectors. Rapid industrialization has propelled an enormous demand for thermal fluids. The growing research in scientific laboratories, academic institutions, and pharmaceuticals industry are further driving the market for thermic fluids. However, the high costs of these fluids are hampering the market’s growth in the developing regions of Latin America and the Middle East.
The chemicals segment is estimated to be the fastest growing during the forecast period owing to its increased demand across chemical production industries, food & beverage, and automotive sectors. Rapid industrialization has propelled an enormous demand for thermal fluids. The growing research in scientific laboratories, academic institutions, and pharmaceuticals industry are further driving the market for thermic fluids. However, the high costs of these fluids are hampering the market’s growth in the developing regions of Latin America and the Middle East.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Thermic</strong> <strong>Fluids</strong> <strong>Market</strong> <strong>Segmented</strong> <strong>by</strong><br />
<strong>Types</strong>, <strong>Applications</strong> <strong>and</strong> <strong>Manufacturers</strong><br />
<strong>till</strong> <strong>2028</strong><br />
“Thermal fluids are liquids designed to operate at a specific<br />
temperature <strong>and</strong> are known to possess very high thermal<br />
stability. The rising dem<strong>and</strong> for energy resources <strong>and</strong> growing<br />
need for optimizing energy usage have contributed to a<br />
colossal dem<strong>and</strong> for thermic fluids.”<br />
The global <strong>Thermic</strong> <strong>Fluids</strong> <strong>Market</strong> evaluates the growth trends in the industry <strong>and</strong> is anticipated to display a significant<br />
rise in the CAGR during the forecast period. Thermal fluids are liquids designed to operate at a specific temperature <strong>and</strong><br />
are known to possess very high thermal stability.<br />
“The rising dem<strong>and</strong> for energy resources <strong>and</strong> growing need for optimizing energy usage have contributed to a colossal<br />
dem<strong>and</strong> for thermic fluids.”<br />
The chemicals segment is estimated to be the fastest growing during the forecast period owing to its increased dem<strong>and</strong><br />
across chemical production industries, food & beverage, <strong>and</strong> automotive sectors. Rapid industrialization has propelled<br />
an enormous dem<strong>and</strong> for thermal fluids. The growing research in scientific laboratories, academic institutions, <strong>and</strong><br />
pharmaceuticals industry are further driving the market for thermic fluids. However, the high costs of these fluids are<br />
hampering the market’s growth in the developing regions of Latin America <strong>and</strong> the Middle East.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/thermic-fluids-market<br />
Based on fluid type the global market can be segmented into mineral oil, aromatics, <strong>and</strong> silicone. Mineral oil is expected<br />
to generate the major market share due to its huge dem<strong>and</strong> across industries such as chemical, pharmaceuticals, oil <strong>and</strong><br />
gas, <strong>and</strong> bio-diesel.
The mineral oil market is driven <strong>by</strong> its ability to reduce a substantial amount of heat or energy during industrial heat<br />
transfer processes. Owing to its energy sustainability attributes, mineral oil is anticipated to maintain its dominance<br />
during the forecast period.<br />
Based on the geographical segmentation, the thermic fluid market has been categorized into regions such as North<br />
America, Latin America, Europe, India, Japan, China, Southeast Asia, <strong>and</strong> the Middle East & Africa. India <strong>and</strong> China<br />
are expected to remain the major regions due to the exp<strong>and</strong>ing industrialization <strong>and</strong> is opening ample opportunities for<br />
new entrants establish themselves <strong>and</strong> capitalize on this burgeoning dem<strong>and</strong>.<br />
The Asia Pacific is a maturing market for thermic fluids <strong>and</strong> is estimated to exhibit higher growth rate compared to other<br />
global regions. Stakeholders <strong>and</strong> investors are increasing their spending on research <strong>and</strong> development activities to scale<br />
the latest technologies in their system engineering process.<br />
Competitive l<strong>and</strong>scape of the thermic fluids market has projected the existence of prominent key players such as, British<br />
Petroleum (BP), Kost U.S.A Inc., Royal Dutch Shell, Multitherm LLC, Exxon MobilDow Chemical Company, Kost<br />
U.S.A Inc., Bharat Petroleum Corporation Limited, Solutia Inc., Tulstar Products Inc., Hindustan Petroleum, Kost U.S.A<br />
Inc., BASF AG, Paratherm Corporation, <strong>and</strong> <strong>Thermic</strong> <strong>Fluids</strong> Pvt. Ltd., among others. They have examined the diverse<br />
threats, <strong>and</strong> emerging disruptive technologies to shape the supply <strong>and</strong> dem<strong>and</strong> of the thermic fluids industry in the<br />
forthcoming years.<br />
The emerging companies have identified raw material suppliers, buyers, research investors <strong>and</strong> distributors of the corn<br />
oil market. The competitors are profiling their business expansion strategies <strong>by</strong> incorporating merger & acquisition,<br />
collaborations, <strong>and</strong> joint ventures with the fellow contenders.<br />
Get a Sample Copy of This Report @<br />
https://www.millioninsights.com/industry-reports/thermic-fluids-market/request-sample<br />
<strong>Market</strong> Segment:<br />
Leading players of <strong>Thermic</strong> <strong>Fluids</strong> including:<br />
• Exxon Mobil<br />
• Dow Chemical Company<br />
• BASF<br />
• Huntsman<br />
• Eastman<br />
• Honeywell<br />
• Chevron Corporation
• Hindustan Petroleum<br />
• Bharat Petroleum<br />
• Indian Oil<br />
<strong>Market</strong> split <strong>by</strong> Type, can be divided into:<br />
• Mineral Oils<br />
• Silicone & Aromatics<br />
• PAG & Glycol<br />
<strong>Market</strong> split <strong>by</strong> Application, can be divided into:<br />
• Oil & Gas<br />
• Food & Beverages<br />
• Chemical Industry<br />
• Pharmaceuticals<br />
• Other<br />
<strong>Market</strong> split <strong>by</strong> Sales Channel, can be divided into:<br />
• Direct Channel<br />
• Distribution Channel<br />
<strong>Market</strong> segment <strong>by</strong> Region/Country including:<br />
• North America (United States, Canada <strong>and</strong> Mexico)<br />
• Europe (Germany, UK, France, Italy, Russia <strong>and</strong> Spain etc.)<br />
• Asia-Pacific (China, Japan, Korea, India, Australia <strong>and</strong> Southeast Asia etc.)<br />
• South America Brazil, Argentina, Colombia <strong>and</strong> Chile etc.)<br />
• Middle East & Africa (South Africa, Egypt, Nigeria <strong>and</strong> Saudi Arabia etc.)
See More Reports of This Category <strong>by</strong> Million Insights @<br />
https://www.millioninsights.com/industry/chemicals-<strong>and</strong>-materials<br />
Get in touch<br />
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction.<br />
Our representatives strive to underst<strong>and</strong> diverse client requirements <strong>and</strong> cater to the same with the<br />
most innovative <strong>and</strong> functional solutions.<br />
Contact Person:<br />
Ryan Manuel<br />
Research Support Specialist, USA<br />
Email: ryan@millioninsights.com<br />
Global Headquarters<br />
Million Insights<br />
Felton Office Plaza 6265 Highway 9<br />
Felton, California 95018, United States<br />
Phone: 1-408-610-2300<br />
Email: sales@millioninsights.com<br />
Asia Pacific<br />
Million Insights<br />
Office No. 302, 3rd Floor, Manikch<strong>and</strong><br />
Galleria, Model Colony, Shivaji Nagar,<br />
Pune, MH, 411016 India<br />
Phone: 91-20-65300184<br />
Email: sales@millioninsights.com<br />
Visit Our Blog: www.millioninsights.blogspot.com
Change language