CHICAGO , Sept. 21, 2022 /PRNewswire/ -- Heat Transfer Fluids Market size is estimated to USD 3.7 billion in 2022 and is projected to reach USD 5.8 billion by 2027, at a CAGR of 9.3% between 2022 and 2027, according to a new report MarketsandMarkets™. Heat transfer is the movement of thermal energy between physical systems depending on temperature and pressure. Fluids that are used as a medium for the heat transfer process are called heat-transfer fluids (HTFs). HTFs maintain the temperature of a system and enhance energy savings by transferring heat from one system to another. These fluids store heat to prevent overheating any thermal device by circulating the fluid through its mechanical parts.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=861
Browse in-depth TOC on "Heat Transfer Fluids Market" 184 – Tables 52 – Figures 190 – Pages
In terms of value, mineral oils are estimated to be the second-largest market in the global HTF market, by product type, during the forecast period.
Mineral oils are clear, odorless liquids used as HTFs. They are liquid by-products of refining crude oil used to produce gasoline and other petroleum products. They are in high demand as they are less expensive than glycol-based fluids and synthetic fluids and can be reused by mixing with fuel in oil-based boilers. However, they are not recommended for high-temperature operations [more than 300°C (572°F)] as they experience about six times the rate of degradation if exposed to higher temperatures.
Automotive is estimated to be the third-largest end-use by value in 2022
In the automotive sector, HTFs are used in lubrication, anti-freezing, and cooling applications. Engine oils, batteries, compressors, automatic transmission systems, motors, air handling systems, and heat exchangers utilize HTFs. They are used in moderate temperature range applications. Mineral oil-based HTFs are used in gear, engines, shock absorption, power steering, and motors, whereas antifreeze and cooling applications utilize glycol-based HTFs.
Get Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=861
The Dow Chemical Company is the largest player operating in the HTFs market. The company offers a variety of HTFs which find use in various industries such as pharmaceutical, food & beverage, HVAC, chemical, renewable energy, and environmental test chambers. It has a high focus on low-cost production to serve emerging markets worldwide and has many registered patents owing to its extensive R&D efforts. It manufactures HTF under than brand name Dowtherm and Ucartherm. The company has a presence in 160 countries.
Europe accounted for second largest region, by value, during the forecast period
Europe is the second-largest chemical producer in the world, accounting for almost 15% of the total sales in 2020. The presence of a strong base of chemical, automotive, and food & beverage industries create a high demand for HTFs in the country. Thus, the chemical industry is witnessing high demand for HTFs. Also, the need for resource efficiency and low-carbon and environmentally sustainable products has led to high R&D investment by many industries. The European Union (EU) has also planned to reduce the average global temperature by 2°C (35.6°F) based on its energy and climate policies. This has driven the use of renewable sources of energy.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=861
Some major players active in the HTF market are The Dow Chemical Company (US), Eastman Chemical Company (US), Exxon Mobil (US), Chevron (US), Dow (US), Shell plc (Netherlands ), Hindustan Petroleum Corporation Limited (India ), Paratherm (US), Phillips 66 Company (US), and Arkema (France ). These players have adopted various growth strategies to expand their presence in the market. New product launches and investment & expansion have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global HTF market.
Browse Adjacent Markets: Specialty Chemicals Market Research Reports & Consulting
ENGINEERED FLUIDS MARKET - Type (Lubricants, Solvents, Heat Transfer Fluids), End-Use Industry (Electronics & Semiconductor, Automotive, Chemical Processing, Oil & Gas, Power Generation, Aerospace), Region
FUNCTIONAL FLUIDS MARKET - Type (Process Oil, Hydraulic & Transmission Fluid, Metal Working Fluid, Heat Transfer Fluid, and Others) & by Application (Industrial, Construction, Transportation, and Others)
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/thermic-fluid-market.asp Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/thermic-fluids.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/heat-transfer-fluids-market-worth-5-8-billion-by-2027--exclusive-report-by-marketsandmarkets-301629432.html
On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
The shipping company has developed a reputation as one of the best dividend stocks around
Shares of virtually all oil and gas stocks crashed today, with even those regarded as among the "safest" oil and gas stocks plunging in value. Diversified integrated major and Warren Buffett favorite Chevron (NYSE: CVX) fell 5%, pipeline company Enterprise Products Partners (NYSE: EPD) fell 5.3%, and shale explorer and producer Diamondback Energy (NASDAQ: FANG) fell a whopping 9.5% as of 1:15 p.m. ET. All of these oil and gas-related stocks seem to be following the plunge in oil prices, as November oil futures fell 5.5% at that time to $78.90 as of this writing, similar to the first two stocks.
And what it means for your wealth-building options.
In this article, we discuss 10 best stocks to buy before recession begins. If you want to see more stocks in this selection, click 5 Best Stocks to Buy Before Recession Begins. Between 1929 and 1939, the period famously dubbed the Great Depression, global economies suffered from stock market crashes, sharp declines in output, high […]
Boeing (NYSE: BA) made a big move to put part of its troubled past behind it, but the aerospace manufacturer also apparently has fallen out of favor with what had been a key customer in China. Boeing has taken its investors on a turbulent ride over the past few years. The company's 737 MAX, which was once billed as having the potential to be the top-selling aircraft of all time, was involved in fatal crashes in 2018 and 2019 that led to the plane being grounded for 18 months and prompted a comprehensive review of Boeing's engineering and safety practices.
In this article, we discuss the 11 best commodity stocks to invest in. If you want to read about some more commodity stocks, go directly to 5 Best Commodity Stocks To Invest In. Macroeconomic concerns have been clouding the commodities market in the past few days after the Federal Reserve in the United States hiked […]
In this article, we discuss the 15 stocks Australian billionaire Kerr Neilson is selling. If you want to skip our analysis of Neilson’s history and investment philosophy, go directly to Australian Billionaire Kerr Neilson is Selling These 15 Stocks. Kerr Neilson is a billionaire investor who co-founded Platinum Asset Management with Andrew Clifford nearly 28 […]
The market has soured on these stocks, but insiders are buying. Is it time to load up on these companies?
Homeowners beware. But don't panic, either.
The hedge fund legend has spoken. Pay attention.
Forget everything you think you know about the relationship between interest rates and the stock market.
Yahoo Finance's Jared Blikre joins the Live show to check out market and sector losses amid today's sell-off, while also looking at meme stocks and the travel industrial.
In this article, we discuss 10 dividend stocks that raised their dividends in 2022. You can skip our detailed discussion on dividend stocks and their returns, and go directly to read 5 Dividend Stocks That Raised Their Dividends in 2022. Given growing earnings, some companies are raising their payouts this year. According to the Janus […]
Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were falling this morning on seemingly no company-specific news. Instead, the EV stock is likely falling as the broader market responds to soaring inflation and the Federal Reserve's aggressive interest rate hikes. Investors are getting increasingly concerned about the potential for a global recession, and that sentiment is likely contributing to Nio's share price decline today. The stock fell by as much as 4.9% today and was down by 2.5% as of 11:09 a.m. ET.
With the Fed making its third 75-basis-point hike this year, Dalio says greater economic contraction is on the horizon.
“We printed up too much money, and just thought the party would never end,” Icahn said, adding that with the Fed raising rates to fight inflation, "the party's over."
KEY WORDS “I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.
Verizon (VZ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Instead of heading for the sideline, Form 13F filings with the Securities and Exchange Commission (SEC) show that most billionaire money managers were active buyers during the first half of the year. What's particularly interesting is that select billionaires have been piling into some of Wall Street's most beaten-down growth stocks. The following three supercharged growth stocks are down as much as 94%, yet billionaires can't stop buying shares of them.