Heat Transfer Fluid Market drivers of growth analysed in a new research report

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Analysis of Heat Transfer Fluid (HTF) Market
applications and companies active in the
industry
2
Global Market Scenario of Tallow Fatty Acids
Industry

• (HTF) Heat Transfer Fluid Market size is
  estimated to surpass USD 3.5 billion by 2023
  according to a new research report by Global
  Market Insights, Inc.
• Increase in oil gas production, chemical
  metal processing industries expansion accompanied
  by favorable environment regulations will drive
  the heat transfer fluid market growth. Rising
  thermal fluids demand is mainly associated with
  its temperature control properties and cost
  savings operation compared to its counterpart
  including steam and electric.
• HTF has wide application scope in automotive,
  food processing and pharmaceutical industries.
  Improved production quality, environmental safety
  process and low maintenance are key properties
  supporting industry growth. Increasing
  manufacturing capacities in China, Brazil and
  India owing to lucrative Foreign Direct
  Investment (FDI) schemes will further escalate
  the heat transfer fluid market growth.

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Continued...

• Increased natural gas production in GCC countries
  owing to shifting preference towards sustainable
  resources promoting the biodiesel and CSP usage
  will facilitate heat transfer fluid demand.
  Glycol application is set to witness gains at
  over 7 up to 2023, in revenue terms.
• 2015 Silicon aromatics HTF market was more than
  USD 950 million. Superior thermal stability,
  physical chemical resistance to change when
  exposed to extreme temperatures along with
  oxidation conditions are key technical
  advantages.
• The product also exhibit low volatility,
  non-toxic, non-corrosive and inert properties.
  Rising toxicity, biodegradability and
  recyclability concerns along with stringent
  regulations on mineral oil and petrochemical
  formulation may impact heat transfer fluid market
  price trend.

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UK heat transfer fluids market size, by product,
2012-2023 (Kilo tons)
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360 Analysis

• Heat Transfer Fluid Market, By Product
• Silicone aromatics heat transfer fluid market
  size was worth over USD 995 million in 2015.
  These products have excellent thermal stability
  as well as they resist physical and chemical
  change under severe cold, heat, oxidation, and
  shear.
• Non corrosive, non-toxic and low volatility were
  the major factors to drive aromatics silicone
  HTF demand. Oil gas and chemical industries
  expansion are projected to stimulate the market
  over the next few years.
• Heat Transfer Fluid Market, By Application
• Oil gas led the overall application segment and
  was valued at over USD 470 million in 2015. HTFs
  are used in cooling and offshore heating
  processes in oil gas platform utilities,
  floating production units and in LNG in
  liquefaction and regasification terminals.
• Growing oil gas industry accompanied by
  increasing LNG terminals numbers and offshore
  production facilities are the promising factors
  to fuel heat transfer fluid market growth in this
  segment.

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