Heat Transfer Fluids Market Worth 641,218.19 Tons by 2019 - WALB.com, Albany News, Weather, Sports

Heat Transfer Fluids Market Worth 641,218.19 Tons by 2019

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SOURCE MarketsandMarkets

DALLAS, July 11, 2014 /PRNewswire/ --

The report, "Global Heat Transfer Fluids Market, By Type (Mineral Oils, Silicone & Aromatics, PAG & Glycol Fluids, & Others), By Application (Oil & Gas, Chemical, CSP, Manufacturing Processes, Bio-Diesel, & Pharmaceutical), By Geography-Trends & Forecasts to 2019" by MarketsandMarkets, defines and segments the global heat transfer fluids  market with an analysis and forecast of the global consumption in terms of volume and value.

Browse 106 market data Tables and 64 Figures spread through 199 Pages and in-depth TOC on "Global Heat Transfer Fluids Market".

http://www.marketsandmarkets.com/Market-Reports/thermic-fluid-market-861.html

Early buyers will receive 10% customization of this report. 


"Europe: The Biggest Market of Heat Transfer Fluids" 

Europe is the world's largest market of heat transfer fluids consuming nearly one third of the total demand. Spain and Germany are the key consumers of heat transfer fluids in Europe, while countries such as France and Italy have comparatively small consumption levels. Oil & gas, chemical, and concentrating solar power industries are driving the demand for heat transfer fluids. The growing industrial expansions in the region have also led to increased consumption of heat transfer fluids. Various innovations, developments, and expansions in different industries have in turn made the region a potential growth of the heat transfer fluids market.

"Silicone & Aromatics-The fastest-growing type; and Concentrating Solar Power -The fastest-growing application" 

Silicones and aromatics heat transfer fluids are designed to operate at very high temperature. They are extensively used in spin and weave, plastics, wood processes, chemical, and food industries. Silicone & aromatics is the fastest growing heat transfer fluids segment with a CAGR of 6.83% to 2019. The major growth driver for silicone & aromatics is the growing oil & gas and chemical markets. The silicone & aromatics market has a wide scope in future, which in turn would help in increasing consumption of heat transfer fluids.

Silicone & aromatics heat transfer fluids are also the fastest-growing application of heat transfer fluids and are projected to be worth $383.2 million by 2019.

"Oil & Gas-The biggest application industry" 

An estimated annual consumption of 102.54 KT in 2013 makes the chemical processing industry a leading consumer of heat transfer fluids. Heat transfer fluids owing to its properties such as inertness to chemicals and high thermal stability is used in manufacturing components such as tubes, pipes, bushes, gaskets that are used in the chemical processing industry to carry chemicals, fluids, acids, and others. Heat transfer fluids are also used majorly in industries such as electronics, semiconductor, food, household, and others.

For Further Inquiries @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=861

The Dow Chemical Company (U.S.), Honeywell International Inc. (U.S.), BASF SE (Germany), Chevron Corporation (U.S.), ConocoPhillips (U.S.), and ExxonMobil Corporation (U.S.) are some of the major players in the heat transfer fluids market.

Browse Related Reports: 

Heat Exchanger Market by Types (Shell & Tube, Plate & Frame, Air Cooled), By Applications (Chemical, Petrochemical, Oil & Gas, HVAC & Refrigeration), Classifications (MoC, Temperature Range & Fluid Types) & Geography - Forecasts to 2018

http://www.marketsandmarkets.com/Market-Reports/heat-exchanger-market-750.html

Waste Heat Recovery System Market by Application (Pre-heating, Steam Generation, Electricity & Others), and Industry (Petroleum Refining, Heavy Metal, Cement, Chemical, Natural Gas Compression, Pulp/Paper Industry & Others) - Global Trends & Forecast to 2018

http://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

About MarketsandMarkets  

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, Aerospace and Defense and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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