Global Liquid-phase Heat Transfer Fluid Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Liquid-phase Heat Transfer Fluid market size was valued at US$ 2043 million in 2024 and is forecast to a readjusted size of USD 3052 million by 2031 with a CAGR of 6.0% during review period.

As a special heat transfer medium, heat transfer fluid is mainly divided into gas phase heat transfer fluid and liquid phase heat transfer fluid according to different boiling ranges. The so-called gas phase heat transfer fluid is a synthetic heat transfer fluid at the boiling point or azeotropic point that can be used under gas phase conditions. The heat transfer fluid of this system can be used under pressure. Those synthetic heat transfer fluid and mineral heat transfer fluid with a certain distillation range that can only be used under liquid phase conditions are called liquid phase heat transfer fluid. Most heat transfer fluids are liquid phase heat transfer media, and a few are gas phase.

Liquid heat transfer liquid is a heat carrier used to transfer heat energy in industrial processes. It plays an important role in various industrial and commercial processes. Liquid heat transfer oil has high thermal stability, low volatility, excellent thermal conductivity and chemical stability, and can provide precise temperature control in different applications.

Liquid heat transfer liquid has a wide range of applications, including but not limited to petrochemicals, textile printing and dyeing, food processing, pharmaceutical manufacturing, plastic and rubber processing, fine chemicals, polymer materials, etc. The demand for liquid heat transfer liquid in these fields is growing with the acceleration of industrialization and industrial upgrading.

Major manufacturers include ExxonMobil, Eastman, Dow, Sinopec Great Wall, BP, Valvoline, Shexian Jindong Economic and Trade, Global Heat Transfer, Lanxess, Zhongneng Technology, etc. Asia Pacific is the largest consumer region, accounting for about 37% of the global market share.

The technological development of liquid heat transfer liquid is also constantly improving, including the innovation of synthetic and mineral heat transfer liquids, and the pursuit of environmentally friendly and energy-saving products. For example, SCHULTZ® 380 is a liquid heat transfer liquid with ultra-high thermal stability. The recommended operating temperature can reach 380°C, and the pour point is lower than other ultra-high temperature heat transfer liquids.

The market demand analysis of liquid heat transfer liquid shows that the current market demand at home and abroad is growing. The comparison of market demand in different fields shows that the chemical industry is the main application field of liquid heat transfer liquid. Customer demand characteristics and trends are developing towards higher quality requirements, continuous tightening of environmental protection standards, and significant enhancement of personalized needs.

In general, the liquid heat transfer liquid market is facing many opportunities and challenges such as technological innovation, environmental protection policy promotion, and market demand growth. With the continuous advancement of technology and the continuous development of the market, the liquid heat transfer oil industry is expected to achieve more efficient, more environmentally friendly, and more intelligent development.

This report is a detailed and comprehensive analysis for global Liquid-phase Heat Transfer Fluid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Liquid-phase Heat Transfer Fluid market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Kg), 2020-2031

Global Liquid-phase Heat Transfer Fluid market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Kg), 2020-2031

Global Liquid-phase Heat Transfer Fluid market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Kg), 2020-2031

Global Liquid-phase Heat Transfer Fluid market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Kg), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Liquid-phase Heat Transfer Fluid

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Liquid-phase Heat Transfer Fluid market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Eastman, Dow, Global Heat Transfer, Relatherm, Radco Industries, Fragol, CONDAT, Dynalene, Paratherm, Isel, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Liquid-phase Heat Transfer Fluid market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Synthetic
Mineral

Market segment by Application
Oil & Gas Industry
Chemical Industry
Pharmaceutical Industry
Food & Beverage Processing
Plastics & Rubber Manufacturing
Others

Major players covered
Eastman
Dow
Global Heat Transfer
Relatherm
Radco Industries
Fragol
CONDAT
Dynalene
Paratherm
Isel
Lanxess
Zhongneng Technology
Shexian Jindong Economic and Trade
Sinopec Great Wall
ExxonMobil
BP
Valvoline

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Liquid-phase Heat Transfer Fluid product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Liquid-phase Heat Transfer Fluid, with price, sales quantity, revenue, and global market share of Liquid-phase Heat Transfer Fluid from 2020 to 2025.

Chapter 3, the Liquid-phase Heat Transfer Fluid competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Liquid-phase Heat Transfer Fluid breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Liquid-phase Heat Transfer Fluid market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Liquid-phase Heat Transfer Fluid.

Chapter 14 and 15, to describe Liquid-phase Heat Transfer Fluid sales channel, distributors, customers, research findings and conclusion.