Liquid-phase Heat Transfer Fluid Industry Analysis：the global market size is projected to reach USD 2.75 billion by 2029

According to the new market research report “Liquid-phase Heat Transfer Fluid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Liquid-phase Heat Transfer Fluid market size is projected to reach USD 2.75 billion by 2029, at a CAGR of 4.3% during the forecast period.

• Global Liquid-phase Heat Transfer Fluid MarketSize(US$ Million), 2018-2029

 

Source: QYResearch, "Liquid-phase Heat Transfer Fluid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

Market Drivers:

D1: Large-scale demand for downstream applications, such as photothermal power generation and lithium-ion batteries, are two new demand growth points for the thermal oil industry. The start of construction of the solar thermal power generation demonstration project means that after years of accumulation in early stage technology and industrial chain, the project development of solar thermal power generation is about to enter the substantial stage. As a national strategic emerging industry, new energy vehicles have brought strong growth momentum to the lithium-ion battery industry.

D2: Manufacturers increase investment in R&D.

D3: Market demand in developing countries is gradually increasing.

Restraint:

R1: Manufacturing and sales costs rise.

R2: Foreign brands have invaded the market and the industry competition is very fierce.

R3: Domestic enterprises have insufficient technology research and development capabilities, the scale of the synthetic heat transfer oil industry is relatively small, and the development of enterprises is limited.

• Global Liquid-phase Heat Transfer Fluid Top17Players Ranking and Market Share（Continually updated）

 

Source: QYResearch, "Liquid-phase Heat Transfer Fluid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

According to QYResearch Top Players Research Center, the global key manufacturers of Liquid-phase Heat Transfer Fluid include ExxonMobil, Eastman, Sinopec Lubricant Company, Dow, BP, Valvoline, Jiangsu Zhongneng Chemical, Global Heat Transfer, Lanxess, Fragol, etc. In 2022, the global top five players had a share approximately 59.0% in terms of revenue.

 

About The Authors

Jiang Jinxiu - Lead Author

Email: jiangjinxiu@qyresearch.com

Jinxiu Jiang is a technology & market senior analyst specializing in chemical industry. Jiang has rich research experience in chemical industry and focuses on perfluoropolyethers, lubricating greases and heat transfer oils, trichlorohydrosilicon, petroleum needle coke, zirconia beads, high-strength glass fibers, long-glass fiber reinforced polypropylene, isostearic acid and its derivatives, and polytetrahydrofuran, etc. She is engaged in the development of technology and market reports and is also involved in custom projects.

 

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

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