Global Mineral Oil Based Heat Transfer Fluid Market Growth 2025-2031

The global Mineral Oil Based Heat Transfer Fluid market size is predicted to grow from US$ 590 million in 2025 to US$ 799 million in 2031; it is expected to grow at a CAGR of 5.2% from 2025 to 2031.

Mineral heat transfer fluid is a product produced from appropriate fractions obtained by distillation and refining (including solvent refining and hydrorefining) with petroleum as raw material, and its main components are hydrocarbon mixtures.

United States market for Mineral Oil Based Heat Transfer Fluid is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Mineral Oil Based Heat Transfer Fluid is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Mineral Oil Based Heat Transfer Fluid is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Mineral Oil Based Heat Transfer Fluid players cover Ergon, Eastman, Hengde, Sinopec, Shell, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Mineral Oil Based Heat Transfer Fluid Industry Forecast” looks at past sales and reviews total world Mineral Oil Based Heat Transfer Fluid sales in 2024, providing a comprehensive analysis by region and market sector of projected Mineral Oil Based Heat Transfer Fluid sales for 2025 through 2031. With Mineral Oil Based Heat Transfer Fluid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mineral Oil Based Heat Transfer Fluid industry.

This Insight Report provides a comprehensive analysis of the global Mineral Oil Based Heat Transfer Fluid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mineral Oil Based Heat Transfer Fluid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mineral Oil Based Heat Transfer Fluid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mineral Oil Based Heat Transfer Fluid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mineral Oil Based Heat Transfer Fluid.

This report presents a comprehensive overview, market shares, and growth opportunities of Mineral Oil Based Heat Transfer Fluid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Low Temperature Heat Transfer Oil
Medium Temperature Heat Transfer Oil
High Temperature Heat Transfer Oil

Segmentation by Application:
Petrochemical
Construction
Road Traffic
Electric
Food Industry
Pharmaceutical

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ergon
Eastman
Hengde
Sinopec
Shell
Fragol
Relatherm
Radco Ind
Shexian Jindong Economic and Trade

Key Questions Addressed in this Report

What is the 10-year outlook for the global Mineral Oil Based Heat Transfer Fluid market?

What factors are driving Mineral Oil Based Heat Transfer Fluid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Mineral Oil Based Heat Transfer Fluid market opportunities vary by end market size?

How does Mineral Oil Based Heat Transfer Fluid break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.