Some of key thermic fluids market players are Royal Dutch Shell, Dow Chemical Company, Exxon Mobil, Kost U.S.A. Inc, Dynalene Inc., Multitherm LLC, Hindustan Petroleum, Paratherm Corporation, Tulstar Products Inc., BASF AG, Thermic Fluids Pvt. Ltd., Solutia Inc., Dynalene Inc and others.
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Silicone & aromatic thermic fluids market share is expected to grow at about 5.8% CAGR from 2018 to 2025. This type of thermal fluids is best suited for completely exposed systems which are not prone to leaking or contamination. These fluids are impressive to oxidation and protect the fluid from degradation. Glycol based thermal fluids are also gaining attention in food & beverage industry as they are low in toxicity ion case of incidental contact with water and food products.
Global thermic fluids market size will surpass USD 4 billion by 2025. Dynamic growth in food & beverage sector due to population growth and improving standard of living across the globe will augment the demand for thermic fluids market across the globe. There are several processes that are carried out in the food & beverage industry which require thermal fluids for the cooling, heating and dehumidifying. Dairies, wineries, breweries and other food processing companies use heat transfer mediums during processing where contact of the fluid with food or portable water is possible.
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Mineral oil will clutch more than 25% of entire volume share in coming year. Mineral oils are lightly refined and also need minimal additives to protect from corrosion. These oils offer various advantages such as low viscosity, thermal stability, etc. that further increases the efficiency of thermal fluids.
In terms of volume, chemical sector will clutch over 10% share of the entire application segment in 2025. In petrochemical complexes, thermal fluids are used to provide heating for distillation towers, crackers and reactors in production of phthalic anhydride, alkyl benzene, terapthalic acid, dimethyl terapthylate and many other downstream products. Rising investments in the chemical sector due to substantial rise in crude oil prices will result in thermic fluids market growth in coming years.
Browse key industry insights spread across 220 pages with 345 market data tables & 24 figures & charts from the report, “Thermic Fluids Market Size By Product (Silicone & Aromatic Based, Mineral Oils Based, Glycol Based), By Application (Oil & Gas, Chemical, Concentrated Solar Power [CSP], Food & Beverage, Plastics, Pharmaceuticals, Heating, Ventilation & Air Conditioning [HVAC]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/thermic-fluids-market
On the basis of region, Asia Pacific thermic fluids market will show decent growth of more than 6% over the forecast years. This is all due to significant presence of industries such as chemical, plastics, food & beverage, pharmaceutical, HVAC, oil & gas in the region. Initiatives taken by governments of emerging economies such as India, China to attract FDI inflow and open more manufacturing facilities will catapult the thermal fluids demand by 2025.
Some of key thermic fluids market players are Royal Dutch Shell, Dow Chemical Company, Exxon Mobil, Kost U.S.A. Inc, Dynalene Inc., Multitherm LLC, Hindustan Petroleum, Paratherm Corporation, Tulstar Products Inc., BASF AG, Thermic Fluids Pvt. Ltd., Solutia Inc., Dynalene Inc and others.
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Partial Chapter from the Table of Contents (TOC):
Chapter 3. Thermic Fluids Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Profit margin analysis
3.3.3. Value addition at each stage
3.3.4. Distributor channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key manufacturers/supplier
3.3.5.2. List of key/potential customers
3.3.5.3. List of key raw material suppliers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.2. Industry pitfalls & challenges
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape, 2017
3.8.1. Company market share, 2017
3.8.2. Key stakeholders
3.8.3. Strategy dashboard
3.9. Porter’s analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Industry rivalry
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by product
3.10.3. Price by application
3.11. PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/thermic-fluids-market
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Release ID: 471379
