Thermic Fluid Market

Thermic Fluid Market

The generic term for heat transfer liquids are known as thermic fluid. The heat transfer liquids are used to add or remove heat from one part to another part of the process wherever heat is added.  These liquids are used in applications where water or stream might not work well. It is used in various industries such as chemical industry, solar power plants, manufacturing processes, petroleum processing and many more. 

The market for thermic fluid is expected to grow at a more than CAGR of 7.5% from 2014 to 2020 globally. Europe is the market leader for thermic fluid. But in future Asia Pacific is expected to be the most promising market. India and China are expected to be the fastest growing market for these fluids. Another growing market for heat transfer liquids is Middle East. In future, the growth is expected to be moderate in the economies of Europe and North America.  

Some of the major factors driving the growth of the market are increased performance by the industrial sectors, benefit offered by these liquids, and due to growth in the concentrated solar power market. But rising prices of raw materials is one of the major restraints of the market. But in future the market has huge opportunities due to growing heat exchanger demand and increasing demand from the Asia Pacific region due to their continuous strong economic growth and rising demand for energy.

Some of the key players of the market are Solutia Inc. (U.S.), Dow Chemical’s Co. (U.S.), ExxonMobil (U.S.), Shell Corporation (The Netherlands), BP (U.K.), and others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint