Heat Transfer Fluid Market Research Report - Forecast to 2028

Heat Transfer Fluid Market Research Report: Information by Type (Mineral Oils, Silicones & Aromatics, Glycols), End-Use industries (Oil & gas, Chemicals & Processing, Renewable energy, Pharmaceuticals, Food & Beverage, Automotive)– Forecast till 2028

ID: MRFR/E&P/1042-HCR | February 2021 | Region: Global | 187 pages

Impact of COVID-19 on the Heat Transfer Fluid Market
Heat Transfer Fluid Market


A heat transfer fluid is a liquid or gas that takes part in heat transfer by helping as an intermediate in cooling on one side of the process, and storing and transporting thermal energy, and heating on the other. The main driver for market growth is the increasing development in emerging economies where there is a rising demand for automotive manufacturing, chemical processing, and renewable energy generation. Besides, the market is estimated to grow due to the increasing oil & gas exploration and drilling activities around the world. However, the spread of COVID-19 has changed the entire scenario. The outbreak of the pandemic has led to reduced activity across refineries worldwide, which has caused supply shortages for various end-use sectors. Also, the decrease in the prices and demand for oil & gas during the pandemic has significantly affected the oil & gas industry and, thus, the growth of the heat transfer fluids market. The decrease in the supply and demand for oil & gas owing to the COVID-19 pandemic has also halted the onshore and offshore production processes, especially in regions such as North America and Europe, which in turn, is likely to hinder the growth of the heat transfer fluids market. The suspension of new solar power projects and the halted operations of ongoing projects are also hampering the growth of the market.


Global Investment in Energy (2017-2020)


Source: IEA


The resumption in the installation of solar power projects and the growth of the chemical and processing industries, post the pandemic, are estimated to drive market growth in the Asia-Pacific region, which is currently leading the market and is projected to continue its domination over the forecast period. Besides, the growth in industrial manufacturing processes in North America and Europe is anticipated to fuel the heat transfer fluids market. The future stabilization of the oil & gas industry is also projected to boost the growth of the market.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Restraints

3.4 Market Opportunities

3.5 Market Trends

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Bargaining power of suppliers

4.1.4 Threat of substitutes

4.1.5 Segment rivalry

4.2 Value Chain/Supply Chain Analysis

5 Global Heat Transfer Fluid Market, By Type

5.1 Introduction

5.2 Mineral Oils

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Silicones & Aromatics

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Glycols

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

5.5 Nano-Fluids

5.5.1 Market Estimates & Forecast, 2020-2027

5.5.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Heat Transfer Fluid Market, By End-Use Industries

6.1 Introduction

6.2 Oil & Gas

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Chemicals & Processing

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Renewable Energy

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

6.5 Pharmaceuticals

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

6.6 Food & Beverage

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast by Region, 2020-2027

6.5 Automotive

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Heat Transfer Fluid Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Type, 2020-2027

7.2.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.2.4 U.S.

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast by Type, 2020-2027

7.2.4.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast by Type, 2020-2027

7.2.5.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Type, 2020-2027

7.3.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.4 U.K

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Type, 2020-2027

7.3.4.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.5 France

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast by Type, 2020-2027

7.3.5.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.6 Germany

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast by Type, 2020-2027

7.3.6.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.3.7 Rest of Europe

7.3.7.1 Market Estimates & Forecast, 2020-2027

7.3.7.2 Market Estimates & Forecast by Type, 2020-2027

7.3.7.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Type, 2020-2027

7.4.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Type, 2020-2027

7.4.4.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.5 Australia

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast by Type, 2020-2027

7.4.5.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast by Type, 2020-2027

7.4.6.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.4.7 Rest of Asia-Pacific

7.4.7.1 Market Estimates & Forecast, 2020-2027

7.4.7.2 Market Estimates & Forecast by Type, 2020-2027

7.4.7.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Type, 2020-2027

7.5.3 Market Estimates & Forecast by End-Use Industries, 2020-2027

8 Competitive Landscape

9 Company Profile

9.1 DOW (U.S)

9.1.1 Company Overview

9.1.2 Product/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Exxonmobil (U.S)

9.2.1 Company Overview

9.2.2 Product /Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Chevron (U.S)

9.3.1 Company Overview

9.3.2 Product /Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Paratherm (U.S)

9.4.1 Company Overview

9.4.2 Product /Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 BASF (Germany)

9.5.1 Company Overview

9.5.2 Product /Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Lanxess (Germany)

9.6.1 Company Overview

9.6.2 Product /Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Huntsman Corporation (U.S)

9.7.1 Company Overview

9.7.2 Product /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Global Heat Transfer Ltd. (Canada)

9.8.1 Company Overview

9.8.2 Product /Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Royal Dutch Shell plc (The Netherlands)

9.9.1 Company Overview

9.9.2 Product /Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Phillips 66 (U.S)

9.10.1 Company Overview

9.10.2 Product /Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.11 Arkema (France)

9.11.1 Company Overview

9.11.2 Product /Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis

9.12 Schultz Canada Chemicals Ltd. (Canada)

9.12.1 Company Overview

9.12.2 Product /Services Offering

9.12.3 Financial Overview

9.12.4 Key Developments

9.12.5 Strategy

9.12.6 SWOT Analysis

9.13 Radco Industries (U.S)

9.13.1 Company Overview

9.13.2 Product /Services Offering

9.13.3 Financial Overview

9.13.4 Key Developments

9.13.5 Strategy

9.13.6 SWOT Analysis

List of Tables

Table 1 Global Heat Transfer Fluid Market: By Region, 2020-2027

Table 2 North America Heat Transfer Fluid Market: By Country, 2020-2027

Table 3 Europe Heat Transfer Fluid Market: By Country, 2020-2027

Table 4 Asia-Pacific Heat Transfer Fluid Market: By Country, 2020-2027

Table 5 RoW Heat Transfer Fluid Market: By Country, 2020-2027

Table 6 Global Heat Transfer Fluid Market, by Type, By Regions, 2020-2027

Table 7 North America Heat Transfer Fluid Market, by Type, By Country, 2020-2027

Table 8 Europe Heat Transfer Fluid Market, by Resin type, By Country, 2020-2027

Table 9 Asia-Pacific Heat Transfer Fluid Market by Type, By Country, 2020-2027

Table 10 RoW Heat Transfer Fluid Market by Type, By Country, 2020-2027

Table 11 Global Heat Transfer Fluid Market by End-Use Industries Market: By Regions, 2020-2027

Table 12 North America Heat Transfer Fluid Market by End-Use Industries: By Country, 2020-2027

Table 13 Europe Heat Transfer Fluid Market by End-Use Industries: By Country, 2020-2027

Table 14 Asia Pacific Heat Transfer Fluid Market by End-Use Industries: By Country, 2020-2027

Table 15 RoW Heat Transfer Fluid Market by End-Use Industries: By Country, 2020-2027

Table 16 Global Heat Transfer Fluid Market, by Type, By Regions, 2020-2027

Table 17 North America Heat Transfer Fluid Market, by Type, By Country, 2020-2027

Table 18 Europe Heat Transfer Fluid Market, by Type, By Country, 2020-2027

Table 19 Asia Pacific Heat Transfer Fluid Market, by Type, By Country, 2020-2027

Table 20 RoW Heat Transfer Fluid Market, by Type, By Country, 2020-2027

Table 21 Global Heat Transfer Fluid Market: By Region, 2020-2027

Table 22 Global Heat Transfer Fluid Market: By Region, 2020-2027

Table 23 Global Heat Transfer Fluid Market: By Region, 2020-2027

Table 24 North America Heat Transfer Fluid Market, By Country

Table 25 North America Heat Transfer Fluid Market, by Type

Table 26 North America Heat Transfer Fluid Market, by End-Use Industries

Table 27 North America Heat Transfer Fluid Market, By Type

Table 29 Europe: Heat Transfer Fluid Market, By Country

Table 30 Europe: Heat Transfer Fluid Market, by Type

Table 31 Europe: Heat Transfer Fluid Market, by End-Use Industries

Table 32 Europe: Heat Transfer Fluid Market, By Type

Table 34 Asia-Pacific: Heat Transfer Fluid Market, By Country

Table 35 Asia-Pacific: Heat Transfer Fluid Market, by Type

Table 36 Asia-Pacific: Heat Transfer Fluid Market, by End-Use Industries

Table 37 Asia-Pacific: Heat Transfer Fluid Market, By Type

Table 39 RoW: Heat Transfer Fluid Market, By Region

Table 40 RoW Heat Transfer Fluid Market, by Type

Table 41 RoW Heat Transfer Fluid Market, by End-Use Industries

Table 42 RoW Heat Transfer Fluid Market, By Type

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL HEAT TRANSFER FLUID MARKETSHARE, BY TYPE, 2020 (%)

FIGURE 9 GLOBAL HEAT TRANSFER FLUID MARKET, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL HEAT TRANSFER FLUID MARKETSHARE, BY TYPE, 2020 (%)

FIGURE 11 GLOBAL HEAT TRANSFER FLUID MARKET, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL HEAT TRANSFER FLUID MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL HEAT TRANSFER FLUID MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA HEAT TRANSFER FLUID MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA HEAT TRANSFER FLUID MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE HEAT TRANSFER FLUID MARKETSHARE (%), 2020

FIGURE 17 EUROPE HEAT TRANSFER FLUID MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA-PACIFIC HEAT TRANSFER FLUID MARKETSHARE (%), 2020

FIGURE 19 ASIA-PACIFIC HEAT TRANSFER FLUID MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD HEAT TRANSFER FLUID MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD HEAT TRANSFER FLUID MARKETBY COUNTRY, 2020-2027 (USD MILLION)