Thermic Fluid Market Analysis and Forecast to 2031: By Type (Mineral Oils, Silicon & Aromatics, Glycols, Others), End-User (Food & Beverage, Chemical, Pharmaceutical, Others), and Region

Thermic fluid, also known as heat transfer fluid, is a type of liquid that is used to transfer heat from one point to another. Thermic fluids are typically used in heat exchangers, where they are used to transfer heat from a hot fluid to a cold fluid. Thermic fluids are also used in some types of heaters, such as those used in the food industry. Thermic fluids are usually made from a variety of different materials, including water, oil, and glycol.

Key Trends

Thermic fluid technology is constantly evolving to meet the needs of industry. Some of the key trends in this area include:

1. Increased Efficiency: Thermic fluid technology is becoming increasingly efficient, with new designs and materials resulting in better heat transfer and lower energy consumption.

2. Greater Versatility: Thermic fluids are being used in a wider range of applications, such as solar thermal energy storage, due to their versatile nature.

3. Improved Safety: New thermic fluid formulations and designs are resulting in improved safety profiles, making them ideal for use in hazardous environments.

4. Reduced Cost: As thermic fluid technology advances, the cost of these systems is decreasing, making them more affordable for businesses and consumers alike.

Key Drivers

The key drivers of the Thermic Fluid market are the increasing demand for thermal management solutions in various end-use industries, such as electronics, automotive, and chemical processing, and the growing adoption of thermic fluids as a heat transfer medium in these industries. Other factors driving the market growth include the favorable properties of thermic fluids, such as high thermal stability, low toxicity, and low flammability, and the increasing government regulations mandating the use of thermal fluids in certain applications.

The electronics industry is a major end-use market for thermic fluids and is expected to grow at a significant rate during the forecast period. The growing demand for thermic fluids in the electronics industry can be attributed to the increasing use of these fluids in the manufacturing of semiconductors, printed circuit boards, and other electronic components. Thermic fluids are used in the semiconductor manufacturing process to remove excess heat generated by the semiconductor chips during the fabrication process. The automotive industry is another major end-use market for thermic fluids and is expected to grow at a moderate rate during the forecast period. The use of thermic fluids in the automotive industry is primarily for engine cooling and transmission fluid applications.

The Asia-Pacific is the largest market for thermic fluids, due to the presence of a large number of end-use industries in the region. The market in North America is expected to grow at a significant rate during the forecast period, due to the increasing demand for thermic fluids from the automotive and electronics industries in the region. The market in Europe is expected to grow at a moderate rate during the forecast period.

Restraints & Challenges

The key restraints and challenges in the thermic fluid market include the high cost of thermic fluids and the lack of awareness about the benefits of thermic fluids. Thermic fluids are used in a variety of industries, but their use is not widespread due to the high cost. In addition, many people are not aware of the benefits of thermic fluids, which limits their use.

Market Segments

The thermic fluid market bifurcated on the basis of type, end-user, and region. On the basis of type, it is segmented into mineral oils, silicon & aromatics, glycols, and others. By end-user, it is analyzed across food & beverage, chemical, pharmaceutical, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Players

The thermic fluid market report includes players such as Solutia Inc., Dow Chemical’s Co., ExxonMobil, Shell Corporation, BP, BASF SE, Bharat Petroleum Corp. Ltd., DuBois Chemicals Inc., Eastman Chemical Co., and Lubrex FZC.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Thermic Fluid Market Outlook
3.1. Thermic Fluid Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Thermic Fluid Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Thermic Fluid Market
4.3. Economic Impact Analysis

Chapter 5. Thermic Fluid Market by Type
5.1. Market Overview
5.2. Mineral Oils
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Silicon & Aromatics
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Glycols
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Thermic Fluid Market by End-User
6.1. Market Overview
6.2. Food & Beverage
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Chemical
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Pharmaceutical
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Thermic Fluid Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.3. North America Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.2.4. North America Thermic Fluid Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.5.2. The U.S. Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.6.2. Canada Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.7.2. Mexico Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.3. Europe Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.4. Europe Thermic Fluid Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.5.2. Germany Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.6.2. France Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.7.2. U.K. Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.8.2. Spain Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.9.2. Italy Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Thermic Fluid Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.4. Asia-Pacific Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5.2. China Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.6.2. India Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.7.2. Japan Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.8.2. South Korea Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.3. Rest of the World Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5.4. Rest of the World Thermic Fluid Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.5.2. Latin America Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.6.2. Middle East Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Thermic Fluid Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.7.2. Africa Thermic Fluid Market Size and Forecast by End-User, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Developments
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Solutia Inc.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Dow Chemical’s Co.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. ExxonMobil
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Shell Corporation
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. BP
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. BASF SE
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Bharat Petroleum Corp, Ltd.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. DuBois Chemicals
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Eastman Chemical Co.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Lubrex FZC
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Market Segments

By Type

  • Mineral Oils
  • Silicon & Aromatics
  • Glycols
  • Others

By End-User

  • Food & Beverage
  • Chemical
  • Pharmaceutical
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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