What is a Heat Transfer Fluids ? How It can be used in Renewable Energy Industry?
The heat transfer fluids are the special fluids that are specifically manufactured for the transmission of heat from one source to the other. For example, in the solar collector, the heat transfer fluid is heated up in the collector due to the sun and then is passed through the heat exchanger that warms up a separate tank of water that results in providing hot water for domestic use. The heat exchanger fluid is estimated to have a high demand in the coming years due to the increasing applications in various end-use industries.
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The heat transfer fluids market is anticipated to grow in the forecast period owing to the rising demand from the chemical industry coupled with increasing need for energy conservation. However, the fire and explosion hazards restrict the growth of the heat transfer fluids market. On the other hand, high growth potential in the CSP industry is likely to showcase growth opportunities for the heat transfer fluids market during the forecast period.Heat Transfer Fluids Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Type (Mineral Oils, Synthetic Fluids, Glycols, Others); End-Use Industries (Chemical, Oil and Gas, Food and Beverage, Pharmaceuticals, Renewable Energy, Automotive, Hvacr, Others) and Geography
The report also includes the profiles of key heat transfer fluids companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Arkema Group
- BASF SE
- Dalian Richfortune Chemicals Co., Ltd.
- DuPont Tate & Lyle Bio Products
- Dynalene, Inc
- HP Lubricants
- Indian Oil Corporation Ltd.
- Isel
- Phillips 66 Company
- Sasol
The report analyzes factors affecting heat transfer fluids market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the heat transfer fluids market in these regions.