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Global thermic fluids market is expected to rise to an estimated value of USD 4.50 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Thermic fluids are liquid substances designed for their usage in thermic fluid heaters. Their purpose is transferring of heat from a pre-specified process in the application to a required process, such as in textile industry, transportation industry chemical processing pharmaceutical development, food & beverage manufacturing as well as processing. These fluids also provide cooling as well as heating capabilities in the required application process involving transfer of heat resulting in variations of temperatures

Key Market Competitors:

Few of the major competitors currently working in the global thermic fluids market are HP Lubricants; Tide Water Oil Co.(India) Ltd.; Dow; Eastman Chemical Company; Exxon Mobil Corporation; BP p.l.c.; BASF SE; Dynalene, Inc.; PARATHERM; MULTITHERM LLC; Chevron Corporation; Royal Dutch Shell; Indian Oil Corporation Ltd; TULSTAR PRODUCTS INC.; Lytron; Radco Industries, Inc.; Clariant; Wattco; Caldera; Arkema; Peter Huber Kältemaschinenbau AG among others.

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Segmentation: Global Thermic Fluids Market

  • By Product (Silicone & Aromatic-Based, Mineral Oil-Based, PAG & Glycol-Based, Others)
  • By Application (Oil & Gas, Chemical Industry, CSP, Food & Beverages, Plastics, Pharmaceuticals, Manufacturing Processes, Biodiesel Production, HVAC, Others)
  • By Sales Channel (Direct Channel, Distribution Channel)

Competitive Analysis: Global Thermic Fluids Market

Global thermic fluids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermic fluids market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

  • Increasing production rate of concentrated solar power is giving rise to high adoption rate for thermic fluids for this application; this factor is expected to propel the growth of the market
  • Various benefits associated with thermal fluid systems over steam-based systems is promoting the market
  • Significant consumption of energy, various types of energy extracted from different is expected to improve the market growth

Market Restraints:

  • Large financial costs of these fluids is expected to restrict their adoption rate from the various emerging locations of the world
  • Vulnerable nature of raw material prices for the production of these fluids is expected to restrict the growth of the market

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Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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