Global Thermic Fluid Market 2024-2028

Global Thermic Fluid Market 2024-2028

Global Thermic Fluid Market 2024-2028

The thermic fluid market is forecasted to grow by USD 1022.7 mn during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the thermic fluid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of concentrated solar power industry, improved performance of heat transfer fluids (HTFs), and rise in demand from oil and gas industry.

Technavio's thermic fluid market is segmented as below:

• By End-user
• Oil and gas
• Chemicals
• Concentrated solar power
• Food and beverages
• Others
• By Geographical Landscape
• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the increasing demand for energy conservation as one of the prime reasons driving the thermic fluid market growth during the next few years. Also, high growth potential for bio-based thermic fluids and rising demand from pharmaceutical industry will lead to sizable demand in the market.

The report on the thermic fluid market covers the following areas:

• Thermic fluid market sizing
• Thermic fluid market forecast
• Thermic fluid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermic fluid market vendors that include Apar Industries Ltd., Arteco Coolants, BASF SE, Bharat Petroleum Corp. Ltd., Dow Chemical Co., DuBois Chemicals Inc., Duratherm Extended Life Fluids, Dynalene Inc., Eastman Chemical Co., Exxon Mobil Corp., Generation Four Engitech Ltd., Globaltherm Lube Pvt. Ltd., Lubrex FZC, Multitherm LLC, Oil and Natural Gas Corp. Ltd., Peter Huber Kaltemaschinenbau AG, Shell PLC, Schultz Canada Chemicals Ltd., The Lubrizol Corp., and Venlub Petro Products Pvt. Ltd.. Also, the thermic fluid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.