Thermic fluids Market also known as heat transfer fluids or heat transfer oils, are used to transfer heat from one point to another in industrial processes. They are specially formulated liquids that have high thermal stability and low volatility, allowing them to operate at high temperatures without breaking down or evaporating.
Thermic fluids are commonly used in various industrial applications such as oil and gas processing, chemical processing, food processing, pharmaceuticals, and plastics processing, among others. They are used to transfer heat to and from various equipment such as heat exchangers, reactors, and distillation columns.
Thermic fluids are classified into two main types: mineral-based and synthetic-based. Mineral-based thermic fluids are derived from petroleum, and they have a low initial cost but a lower thermal stability compared to synthetic-based thermic fluids. Synthetic-based thermic fluids, on the other hand, are made from various synthetic materials such as silicone, alkylated aromatics, and polyglycols. They have a higher initial cost but a higher thermal stability and longer lifespan compared to mineral-based thermic fluids.
The selection of a thermic fluid depends on various factors such as the operating temperature, the type of equipment being used, and the required lifespan of the fluid. It is essential to choose the right thermic fluid for a specific application to ensure maximum efficiency, productivity, and safety.
Overall, the use of thermic fluids has become an essential part of many industrial processes due to their ability to transfer heat efficiently and effectively. With the increasing demand for energy efficiency in industrial processes, the market for thermic fluids is expected to grow in the coming years.
Market Dynamic – Global Thermic Fluids Market
The global thermic fluids market has been witnessing rapid growth form past few years. Major growth factors such as improved performance of thermic fluids, increasing demand for energy and rapid growth potential of bio-based heat transfer fluids conservation are attributed to the market growth. Likewise, dynamic growth in the food beverage industry, increasing administrations regulatory decisions to improve the oil gas sector, and rising use of concentrated solar power are some of the factors that expected to improve the growth of the market across the globe. However, volatility in raw material prices and fire and explosion hazards are major restraining factors that could hamper the growth of the market.
Get Free Sample Research Copy for More Industry Insights:
https://www.axiommrc.com/request-for-sample/10905-thermic-fluids-market-report
COVID-19 Impact on Thermic Fluids Market Report
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the thermic fluids market. In addition, complete analysis of changes on thermic fluids market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During the pandemic period many countries were under strict lockdown guidelines, which has forced numerous industries to shut down their operations. Owing to lockdown, manufacturing activities were at a halt, and thereby the demand for thermic fluids reduced during pandemic period.
Thermic Fluids Market Segmental Overview
The thermic fluids market can be segmented on the basis of type, application, and end-use industry.
Thermic Fluids Market by Type
Based on type, the thermic fluids market can be segmented into:
1.Mineral-based thermic fluids
2.Synthetic-based thermic fluids
Mineral-based thermic fluids are derived from petroleum, while synthetic-based thermic fluids are made from various synthetic materials.
Thermic Fluids Market by Application
Based on application, the thermic fluids market can be segmented into:
- Oil and gas processing
- Chemical processing
- Concentrated solar power (CSP) plants
- Food and beverage processing
- Pharmaceuticals
- Plastics processing
- Others
Thermic fluids are used in various industrial applications to transfer heat to and from various equipment such as heat exchangers, reactors, and distillation columns.
Thermic Fluids Market by End User
Based on end-use industry, the thermic fluids market can be segmented into:
- Oil and gas
- Chemical
- Concentrated solar power (CSP)
- Food and beverage
- Pharmaceuticals
- Plastics
- Others
Thermic fluids are used in various end-use industries such as oil and gas processing, chemical processing, and food and beverage processing, among others.
Overall, the thermic fluids market is expected to grow in the coming years, driven by the increasing demand for energy efficiency in industrial processes and the growing adoption of thermic fluids in various end-use industries.
Thermic Fluids Market Key Players
The major key players of market includes Dow Chemical Company, Exxon Mobil, British Petroleum (BP), Solutia Inc, Hindustan Petroleum, Royal Dutch Shell, Dynalene Inc, BASF AG, Paratherm Corporation, Kost U.S.A Inc, Multitherm LLC, Thermic Fluids Pvt. Ltd, Tulstar Products Inc, Schultz Canada Chemicals and Arkema among others.
Buy Now and Get More Discount:
https://www.axiommrc.com/buy_now/10905-thermic-fluids-market-report
About Us
Axiom Market Research Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.
Axiom Market Research Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.
Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research Consulting™ aims to become the preferred market research and data analytics company by providing key market intelligence solutions for client’s business growth.
Contact Us:
Axiom Market Research Consulting™
3 Germay Dr. Ste 4 - 4666
Wilmington DE 19804
U.S.:- + 1 (845) 875-9786
U.K.:- + 44 (0) 20 3286 9707
Email: [email protected]
Website: https://www.axiommrc.com/
Follow On
LinkedIn: https://www.linkedin.com/company/axiom-market-research-and-consulting/
Twitter: https://twitter.com/AxiommrcCom
