Heat Transfer Fluids (HTF) Market, Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
Global Heat Transfer Fluids (HTF) market size was estimated at USD 3.6 billion in 2023 and is projected to reach USD 7.4 billion in 2030 at a CAGR of 9.50% during the forecast period 2023-2030.
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Recent Developments
In 2022, Chevron completed the acquisition of the Renewable Energy Group. Chevron completed the acquisition of the Renewable Energy Group. This acquisition is expected to help company leverage its strengths to deliver lower carbon energy.
In 2022, Eastman announced to expand the Therminol 66 heat transfer fluid manufacturing capacity in Anniston, Alabama. Plant expansion is expected to be completed in 2024 and will increase US-based capacity by 50%.
The prominent players in the Heat Transfer Fluids (HTF) Market are:
· Arkema
· Basf
· British Petroleum
· Chevron
· Clariant Ag
· Dalian Richfortune Chemicals
· Dupont Tate & Lyle
· Dynalene
· Eastman Chemical Company
· Exxonmobil
· Global Heat Transfer
· Hindustan Petroleum Corporation
· Huntsman Corporation
· Indian Oil Corporation
· Isel
· Lanxess and More
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The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. Heat transfer fluids (HTFs) are extensively employed in the chemical, oil and gas, and renewable energy sectors.
Europe to Dominate the Heat Transfer Fluids (HTF) Market:
Europe is estimated to account for the largest market share during the forecast period due to rising population coupled with increasing energy demand has propelled the power and energy sector growth.
Moreover, Ongoing construction of new solar plants along with existing demand in industrial sectors including, automotive and metal processing is anticipated to drive the industry demand in the region.
The Heat Transfer Fluids (HTF)Market is segmented into various segments such as product type, end use and region:
Based on Product Type
· Mineral Oils
· Synthetic Fluids
· Glycol-based Fluids
· Others
Based on the End-Use
· Chemical & Petrochemical
· Oil & Gas
· Automotive
· Renewable Energy
· HVAC
· Pharmaceutical
· Others
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In addition to the market data for the Heat Transfer Fluids (HTF) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions
· What are the years considered to study Heat Transfer Fluids (HTF) Market?
· What is the compound annual growth rate (CAGR) of the Heat Transfer Fluids (HTF) Market?
· Which region holds the largest market share in Heat Transfer Fluids (HTF) Market?
· Which region is the fastest growing in Heat Transfer Fluids (HTF) Market?
· Who are the major players in Heat Transfer Fluids (HTF) Market?
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Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
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· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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