Heat Transfer Fluid Market Analysis, Size, Share, Growth and Trends by Forecast to 2021 Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The current boom in the chemical industry across the globe and the recovering Oil and Gas market after the price crisis are the primary factors driving the Heat Transfer Fluid market. Expanding product portfolios and technological development in the in this market are significantly contributing to the growth and development of the Heat Transfer Fluid Market. Heat exchangers are devices used to transfer heat energy from one fluid to another. Heat exchangers find widespread use in power generation, chemical processing, electronics cooling, air-conditioning, refrigeration, and automotive applications. Heat exchangers used in abundantly in chemical and process industries. It is also used in automobiles in the form of radiators and oil coolers. It is most preferred and widely accepted equipment due to its green and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers.
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Taste the market data and market information presented through more than 50 market data tables and figures spread in 138 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Heat Transfer Fluid Market Research Report - Forecast to 2021 “
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The early diners are offered free customization- Up To 20% The report has analyzed the market based on the three segments: Type, application and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of Type it includes Shell and Tube Heat Exchanger, Plate Heat Exchanger, Regenerative Heat Exchanger, Air cooled. Shell and Tube Heat Exchanger largest type market for heat exchanger and most common types of heat exchangers used globally. It is extensively used as power condensers, preheaters, oil coolers, and steam generators. On the basis of application it includes Chemicals, Oil & Gas, Power generation, HVACR, Food & Beverages and Other. Chemical industry is the largest application market for heat exchanger. In Chemical industry it is used for heating and cooling of base, intermediate, and final products. With growing demand for chemicals in the developing economies, the market of heat exchangers is further expected to rise in in the forecast period. Europe is the largest market for heat exchanger. Asia-Pacific is witnessing high industrial growth rate, which hints at an ever-increasing demand for plate & frame heat exchangers for its diverse applications. Segments • The Heat Transfer fluid market has been segmented on the basis of End User Industry as Oil and Gas, Concentrated Solar Power, Pharmaceutical and Food and Beverage. On the basis of product the market has been segmented as Glycol, Silicone & Aromatics and Mineral Oils.
Application & Major Players in this Research: Key Players • Some of the key players in the Heat Transfer Fluid market are • ConocoPhillips (U.S.), • The Dow Chemical Company (U.S.), • Indian Oil Corporation Ltd. (India), • BASF SE (Germany), • Chevron Corporation (U.S), • Hindustan Petroleum Corporation Ltd. (India).
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