The global market for thermic fluids is expected to reach USD 3.45 billion by 2020. Growing thermic fluid demand from concentrated solar power plants is expected to be a key driving factor for market demand over the next six years. Thermic fluids are used to transfer and store heat utilized for producing electricity. In addition, positive outlook on food and beverages market is also expected to enhance market penetration for food grade thermic fluids.
Mineral oils emerged as the leading product segment in the global market and accounted for 41.7% of the total thermic fluid volume in 2013. Mineral oils were followed by aromatic based thermic fluids, however, glycol based thermic fluids are expected to be the fastest growing product segment, at an estimated CAGR of 7.9% from 2014 to 2020. Increasing Concentrated Solar Power (CSP) capacity, mainly in the U.S. and Spain is expected to boost the demand for thermic fluids for these applications.
Further key findings from the study suggest:
The global market for thermic fluids was 470.1 kilo tons in 2013 and is expected to reach 712.3 kilo tons by 2020, growing at a CAGR of 6.2% from 2014 to 2020.
Europe continued its dominance in the global market and accounted for 33.9% of total thermic fluid volume in 2013. Asia Pacific is expected to be the fastest growing regional market for thermic fluids, at an estimated CAGR of 6.9% from 2014 to 2020.
Oil & gas emerged as the leading application market for thermic fluids and accounted for just over 24% of total market volume in 2013. Concentrated solar power is expected to be the fastest growing application market for thermic fluids, at an estimated CAGR of 8.5% from 2014 to 2020.
The global market is highly concentrated as top four companies including Dow Chemical, Solutia, Exxon Mobil and Shell accounted for over 60% of the total demand in 2013. British Petroleum, Paratherm and Chevron Corporation are amongst other significant market participants operating in the global market.
For the purpose of this study, Grand View Research has segmented the global thermic fluids market on the basis of product, application and region:
Global Thermic Fluids Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
Mineral Oils
Aromatics
Glycol (Ethylene & Propylene)
Silicones
Other (including Molten Salts & HFPE)
Global Thermic Fluids Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
Oil & Gas
Chemical Industry
Concentrated Solar Power (CSP)
Table Of Content
Chapter 1 Executive Summary
1.1 Thermic Fluids - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Thermic Fluids Industry Outlook
2.1 Market Segmentation
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2.2 Market Size and Growth Prospects
2.3 Thermic Fluids Value Chain Analysis
2.4 Thermic Fluids Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Growth of global CSP industry
2.4.1.2 Regulatory support for food grade thermic fluids
2.4.1.3 Advantages over steam based systems
2.4.2 Market restraint analysis
2.4.2.1 Volatility in raw material prices
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Thermic Fluids - Company Market Share Analysis
2.8 Thermic Fluids - PESTEL Analysis
Chapter 3 Thermic Fluids Product Outlook
3.1 Mineral Oils
3.1.1. Mineral oil thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.2 Aromatics
3.2.1 Aromatics thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.3 Glycols
3.3.1 Glycols thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.4 Silicones
3.4.1 Silicone thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.5 Other
3.5.1 Other thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
Chapter 4 Thermic Fluids Application Outlook
4.1 Oil & Gas
4.1.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million)
4.2 Chemical Industry
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About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone Number
1-800-489-3075
Email Us: sales@hexareports.com
Website: http://www.hexareports.com/
Mineral oils emerged as the leading product segment in the global market and accounted for 41.7% of the total thermic fluid volume in 2013. Mineral oils were followed by aromatic based thermic fluids, however, glycol based thermic fluids are expected to be the fastest growing product segment, at an estimated CAGR of 7.9% from 2014 to 2020. Increasing Concentrated Solar Power (CSP) capacity, mainly in the U.S. and Spain is expected to boost the demand for thermic fluids for these applications.
Further key findings from the study suggest:
The global market for thermic fluids was 470.1 kilo tons in 2013 and is expected to reach 712.3 kilo tons by 2020, growing at a CAGR of 6.2% from 2014 to 2020.
Europe continued its dominance in the global market and accounted for 33.9% of total thermic fluid volume in 2013. Asia Pacific is expected to be the fastest growing regional market for thermic fluids, at an estimated CAGR of 6.9% from 2014 to 2020.
Oil & gas emerged as the leading application market for thermic fluids and accounted for just over 24% of total market volume in 2013. Concentrated solar power is expected to be the fastest growing application market for thermic fluids, at an estimated CAGR of 8.5% from 2014 to 2020.
The global market is highly concentrated as top four companies including Dow Chemical, Solutia, Exxon Mobil and Shell accounted for over 60% of the total demand in 2013. British Petroleum, Paratherm and Chevron Corporation are amongst other significant market participants operating in the global market.
For the purpose of this study, Grand View Research has segmented the global thermic fluids market on the basis of product, application and region:
Global Thermic Fluids Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
Mineral Oils
Aromatics
Glycol (Ethylene & Propylene)
Silicones
Other (including Molten Salts & HFPE)
Global Thermic Fluids Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
Oil & Gas
Chemical Industry
Concentrated Solar Power (CSP)
Table Of Content
Chapter 1 Executive Summary
1.1 Thermic Fluids - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Thermic Fluids Industry Outlook
2.1 Market Segmentation
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2.2 Market Size and Growth Prospects
2.3 Thermic Fluids Value Chain Analysis
2.4 Thermic Fluids Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Growth of global CSP industry
2.4.1.2 Regulatory support for food grade thermic fluids
2.4.1.3 Advantages over steam based systems
2.4.2 Market restraint analysis
2.4.2.1 Volatility in raw material prices
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Thermic Fluids - Company Market Share Analysis
2.8 Thermic Fluids - PESTEL Analysis
Chapter 3 Thermic Fluids Product Outlook
3.1 Mineral Oils
3.1.1. Mineral oil thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.2 Aromatics
3.2.1 Aromatics thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.3 Glycols
3.3.1 Glycols thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.4 Silicones
3.4.1 Silicone thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
3.5 Other
3.5.1 Other thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million)
Chapter 4 Thermic Fluids Application Outlook
4.1 Oil & Gas
4.1.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million)
4.2 Chemical Industry
Browse Full Report @ http://hexareports.com/report/thermic-fluids-market/details
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone Number
1-800-489-3075
Email Us: sales@hexareports.com
Website: http://www.hexareports.com/
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