Heat Transfer Fluid Market worth $2.5 Billion By 2017

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MarketsandMarkets Presents
Heat Transfer Fluid Market worth 2.5 Billion By
2017
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ermic-fluid-market-861.html
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According to a new market research report Global
Heat Transfer Fluid Market (Thermal Fluids/High
Temperature/Synthetic Heat Transfer Fluids), by
Product Type (Mineral Oils, Silicone Aromatics,
PAG Glycol based Fluids, and Molten Salts),
Application Geography - Forecasts to 2017
defines and segments the global heat transfer
fluids market with analysis and forecasting of
the global volume and revenue for heat transfer
fluids. It also identifies driving and
restraining factors for the global heat transfer
fluids market with analysis of trends,
opportunities, burning issues, winning
imperatives, and challenges. The market is
segmented, and revenues and volumes are
forecasted on the basis of major regions such as
North America, Europe, Asia-Pacific, and Rest of
the World (ROW).Further, market is segmented, and
revenues and volumes are forecasted on the basis
of applications and product type as well. Browse
gtgt 119 market data tables
21 figures 254 pages
and in-depth TOC on Heat Transfer Fluid Market
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s/thermic-fluid-market-861.html Early buyers
will receive 10 customization of this
report.
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The applications of heat transfer fluids cover
almost all facets of industries ranging from CSP
and oil and gas to pharmaceuticals and
automotives. The demand for heat transfer fluids
is expected to increase significantly owing to
the growing end-user industries such as
chemicals, manufacturing processes, etc. They
have exceptional thermal and oxidation stability
and are widely used in open, vented heat transfer
systems, chemical processing equipment,
laminating and calendaring rolls, dies and molds
in the rubber and plastics industries, die-cast
zinc, and aluminum alloys. The major drivers for
this market are high growth in the CSP market,
strong performance advantage offered by heat
transfer fluids and increasing performance
standards in the industrial sectors. New products
launch, product and technological innovation,
expansions and mergers acquisitions are the
fundamentals to survive in this market. The
global market for heat transfer fluids in terms
of revenue was estimated to be worth 1,684.0
million in 2011 and is expected to reach 2,557.2
million by 2017, growing at a CAGR of 7.4 from
2012 to 2017. Europe dominates the global heat
transfer fluids market, accounting for 35.0 of
the global heat transfer fluids demand in 2011.
Asia-Pacific is expected to be the fastest
growing market in the near future owing to the
rapid advancement and increasing demand from key
countries such as China and India. North American
heat transfer fluids market is smaller as
compared to Europe in terms of revenue and
volume.
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The market is dominated by The Dow Chemical
Company (U.S.), Solutia Inc. (U.S.), ExxonMobil
Corporation (U.S.), BP (U.K.), and Shell (The
Netherlands) which together accounted for 76.0
of the overall market in 2011. These market
participants are especially strongest in the
U.S., Europe, and Asia-Pacific markets, where
they have significant market presence. The Dow
Chemical Company leads the industry and accounted
for 30.0 of the overall market in
2011. Inquire Before Buying
_at_ http//www.marketsandmarkets.com/Enquiry_Before_
Buying.asp?id861
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