Heat Transfer Fluid Market by Type,End-use Industry and Region - 2021

The global heat transfer fluids (HTFs) market was valued at an estimated $2,811.0 million in 2015, in terms of value; and it is expected to grow at a CAGR of 6.8% during 2016-2021. The factors driving the growth of the global market include growing chemical, petrochemical, and HVAC industries; expanding CSP activity in North America and Europe, and relatively higher replacement rates of synthetic aromatic HTFs.

Read full summary of report here :  https://www.psmarketresearch.com/market-analysis/heat-transfer-fluids-market

Among the various HTF types, the aromatics & silicone segment is estimated to hold the largest share in the global HTFs market in terms of value in 2015; and it is also anticipated to witness the highest growth at 7.6% CAGR during the forecast period.

Europe was the largest market for heat transfer fluids in 2015, with a share of about 33.6%, in terms of HTFs consumption. Asia-Pacific is anticipated to be the fastest growing market for HTFs. The Asia-Pacific market is anticipated to reach $1,002.6 million by 2021, growing at a CAGR of 8.8% during the forecast period. The major reason behind the growth of the heat transfer fluids market in the region is the growth in intensity of manufacturing industry in India, Malaysia, Vietnam, Indonesia, and Thailand.

The information and data in the publication “Global Heat Transfer Fluids Market Size, Share, Development, Growth and Demand Forecast to 2021”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down approach has been used to calculate the market size. 

Request sample copy of report here :  https://www.psmarketresearch.com/market-analysis/heat-transfer-fluids-market/report-sample

Some of the major players operating in the global heat transfer fluids market are Honeywell International Inc., Exxon Mobil Corporation, Chevron Corporation, BASF SE, Bharat Petroleum Corporation Limited, The Dow Chemical Company, Hindustan Petroleum Corporation Limited, ConocoPhillips, Indian Oil Corporation Ltd., and Huntsman Corporation.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:

P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.