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Heat Transfer Fluids Market Size, Development, Growth and Demand Forecast to 2022 By P&S Market Research

 



(EnergyIndustry.Net, February 05, 2016 ) The heat transfer fluids have several applications in oil and gas, chemical industry, pharmaceutical industry, biorefineries, concentrating solar power, and industrial manufacturing processes. The distinct governments across the globe are framing regulations for industrial waste heat recovery, thus fueling the growth of the global heat transfer fluid market. Industrial waste heat refers to the heat generated through different industrial processes with no productive use. Heat transfer fluids are required to efficiently transfer heat from one system to another in industrial processes. During 2012 - 2015, oil and gas was the largest application segment in the global heat transfer fluids market, and it is expected to retain its dominance during the forecast period. Owing to the increasing demand for renewable source of energy, the different countries across the globe have significantly increased their solar power capacity. Heat transfer fluids are used to carry heat through solar collectors and heat exchangers for solar water heating.

For more information visit: https://www.psmarketresearch.com/market-analysis/heat-transfer-fluids-market

The high demand for heat transfer fluids in the emerging economies of Asia-Pacific, Latin America, and Africa are creating ample opportunities for the growth of the global market during the forecast period. The increasing research and development activities to significantly increase the thermal conductivity of heat transfer fluids is a key trend witnessed in the global market.

A heat transfer fluid refers to any synthetically manufactured gas or liquid used for transferring heat from one system to another. The heat transfer fluids are used as coolants to prevent the overheating of devices; for heating of different systems; and for heat recovery from various devices and equipment. The several types of heat transfer fluids include petroleum and synthetic fluids derived from mineral oils, paraffinic oils, synthetic aromatics, and silicones and water-based heat transfer fluids, formulated primarily with ethylene glycol and propylene glycol.

Browse related market research at: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy

Geographically, Europe was the largest consumer in the global heat transfer fluids market during 2012 - 2015. The high demand of heat transfer fluids in oil and gas industry, and solar industry is driving the growth of the European market. The consumption of heat transfer fluids is anticipated to increase in Asia-Pacific during the forecast period. The region is expected to witness the highest growth in the global heat transfer fluids market, in terms of value and volume.

Global Heat Transfer Fluids Market Segmentation By Type
 Mineral Oil
 Silicone & Aromatics
 Polyalkylene Glycol (PAG) and Glycol-Based Fluids
 Others
By Application
 Oil & Gas
 Chemical Processing
 Concentrating Solar Power
 Manufacturing Processes
 Pharmaceutical Processing
 Biodiesel Production
 Others
By Region
 North America
o The U.S.
o Canada
o Rest of North America
 Europe
o Germany
o Spain
o Italy
o France
o Rest of Europe
 Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
 Latin America
o Brazil
o Rest of Latin America
 Middle East and Africa
o Saudi Arabia
o Rest of Middle East and Africa

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Email: enquiry@psmarketresearch.com
US/ Canada Toll-Free: 1-888-778-7886
Web: https://www.psmarketresearch.com

P&S Market Research

Abhishek

1-888-778-7886

enquiry@psmarketresearch.com

Source: EmailWire.Com

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