New Research Report on Thermic Fluid Market, 2014-2020

Global Thermic Fluid
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Report Description
The generic term for heat transfer liquids are known as thermic fluid. The heat transfer
liquids are used to add or remove heat from one part to another part of the process
wherever heat is added. These liquids are used in applications where water or stream
might not work well. It is used in various industries such as chemical industry, solar
power plants, manufacturing processes, petroleum processing and many more.
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The market for thermic fluid is expected to grow at a more than CAGR of 7.5% from 2014
to 2020 globally. Europe is the market leader for thermic fluid. But in future Asia Pacific is
expected to be the most promising market. India and China are expected to be the
fastest growing market for these fluids. Another growing market for heat transfer liquids
is Middle East. In future, the growth is expected to be moderate in the economies of
Europe and North America.
Some of the major factors driving the growth of the market are increased performance
by the industrial sectors, benefit offered by these liquids, and due to growth in the
concentrated solar power market. But rising prices of raw materials is one of the major
restraints of the market. But in future the market has huge opportunities due to growing
heat exchanger demand and increasing demand from the Asia Pacific region due to their
continuous strong economic growth and rising demand for energy.
Report Description
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Some of the key players of the market are Solutia Inc. (U.S.), Dow Chemical’s Co. (U.S.),
ExxonMobil (U.S.), Shell Corporation (The Netherlands), BP (U.K.), and others.
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