글로벌 열전달 유체 시장 – 2031년까지의 산업 동향 및 예측

열전달 유체 시장 분석 및 규모

열전달 유체 시장에서 유체 구성과 기술의 발전은 상당한 이점을 제공합니다. 향상된 열전도도와 안정성은 산업 시스템의 효율성과 수명을 개선합니다. 이러한 발전은 또한 에너지 소비를 줄이고 폐기물을 최소화하여 환경적 지속 가능성을 촉진합니다. 결과적으로 산업은 더 높은 성능을 달성하고 운영 비용을 낮추며 점점 더 엄격해지는 규정을 충족할 수 있습니다.

글로벌 열전달 유체 시장 규모는 2023년에 32억 4천만 달러로 평가되었으며, 2031년까지 551만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 6.86%입니다. 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화

시장 정의

Heat transfer fluids are substances used to transfer heat from one system to another. They are commonly found in industrial processes, solar energy systems, and HVAC systems. These fluids have high thermal conductivity and are designed to absorb and release heat efficiently. Acrylic monomers aid in regulating temperatures and enhancing energy efficiency across applications by facilitating heat transfer, thus contributing to improved performance and sustainability in diverse industries.

Heat Transfer Fluids Market Dynamics

Drivers

• Rise in Concentrated Solar Power (CSP) Projects

The surge in investments in renewable energy, notably in Concentrated Solar Power (CSP) projects, propels the heat transfer fluids market. CSP systems utilize specialized fluids to capture and store solar energy efficiently. For instance, the Noor Complex in Morocco, one of the world's largest CSP projects, relies on heat transfer fluids to optimize energy transfer and storage, exemplifying the market's growth trajectory.

• Expansion of HVAC and Refrigeration Industry

The expanding HVAC (heating, ventilation, and air conditioning) and refrigeration sectors, driven by urbanization, changing climatic conditions, and increasing disposable income, stimulate the demand for heat transfer fluids in cooling systems.  For instance, as urban populations rise, there's a heightened demand for effective cooling systems in both residential and commercial buildings. This increased need emphasizes the crucial role of heat transfer fluids in sustaining ideal temperatures, thereby fueling market expansion. They are essential for ensuring comfort and efficiency in various built environments.

Opportunities

• Growing Demand for Thermal Storage Solutions

The growing interest in thermal energy storage solutions for grid stability, renewable integration, and peak load management drives the demand for advanced heat transfer fluids tailored for thermal storage applications, fostering market expansion. For instance, in heat transfer fluids for concentrating solar power (CSP) plants, innovative fluids enable efficient storage of solar energy for consistent power generation, driving market expansion in the renewable energy sector and beyond.

• Growing Focus on Waste Heat Recovery

Heightened focus on waste heat recovery in industrial processes to improve energy efficiency and reduce greenhouse gas emissions creates opportunities for heat transfer fluid manufacturers, boosting market growth. For instance, in steel manufacturing, substantial heat production necessitates advanced fluids for capturing and recycling heat, promoting energy efficiency and emission reduction. This trend presents lucrative opportunities for heat transfer fluid manufacturers, propelling market expansion as industries prioritize sustainable practices and seek innovative solutions to optimize resource utilization and minimize environmental impact.

 Restraints/Challenges

• Maintenance and Lifecycle Management

The necessity for regular maintenance and monitoring to sustain the optimal performance of heat transfer systems, coupled with the management of fluid degradation, contamination, and by-product accumulation, presents significant time and cost burdens. These factors impede market growth by increasing operational expenses and necessitating resource-intensive management strategies.

• Temperature and Pressure Requirements

Ensuring thermal stability under extreme conditions is pivotal, as failures compromise safety and efficiency, hampering market growth. Meeting diverse industrial heat transfer fluids temperature and pressure demands for industrial heat transfer fluids poses challenges, limiting their widespread adoption across industries. Overcoming these hurdles demands innovation and collaboration across industries to develop robust, versatile heat transfer fluid solutions.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In September 2023,  Valvoline expanded its product portfolio by investing in a European heat transfer fluid manufacturer, aiming to serve global consumers better
• In May 2023, ORLEN Południe completed the inaugural year of its BioPG plant, converting glycerol into renewable propylene glycol. BASF provided BioPG technology, while Air Liquide Engineering and Construction offered licensing, proprietary equipment, and basic engineering services
• In February 2022, Chevron's acquisition of Renewable Energy Group bolstered its capacity to deliver lower carbon energy solutions

Heat Transfer Fluids Market Scope

The market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Silicone and Aromatics
• Mineral Oils
• Glycol-Based Fluids
• Others

 Application

• Oil and Gas
• Chemical
• Concentrated Solar Power (CSP)
• Food and Beverages
• Plastics
• Pharmaceuticals
• Heating
• Ventilating and Air Conditioning (HVAC)
• Others

Heat Transfer Fluids Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by product, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina. and Rest of South America.

North America is expected to dominate the market due to its high per capita income and manufacturing output. In addition, factors such as the availability of base stock, industrialization, stringent regulations, ongoing product innovation, and government initiatives further propel market growth in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Heat Transfer Fluids Market Share Analysis

시장 경쟁 구도는 경쟁자별 세부 정보를 제공합니다. 포함된 세부 정보는 회사 개요, 회사 재무, 창출된 수익, 시장 잠재력, 연구 개발 투자, 새로운 시장 이니셔티브, 글로벌 입지, 생산 현장 및 시설, 생산 용량, 회사의 강점과 약점, 제품 출시, 제품 폭과 범위, 애플리케이션 우세입니다. 위에 제공된 데이터 포인트는 시장과 관련된 회사의 초점에만 관련이 있습니다.

시장에서 활동하는 주요 기업은 다음과 같습니다.

• 다우(미국)
• 이스트먼 케미컬 컴퍼니(미국)
• 엑손모빌 코퍼레이션(미국)
• 쉐브론 코퍼레이션(미국)
• 헌츠먼 인터내셔널 LLC(미국)
• 랑세스(독일)
• 파라섬(미국)
• 클라리언트(스위스)
• 슐츠(독일)
• 아르케마(프랑스)
• BASF SE(독일)
• bp plc (영국)
• 대련 리치포춘 케미컬스 주식회사(중국)
• 듀폰(미국)

SKU-33716