Global Heat Transfer Fluids Market stood at USD2.35 Billion in 2016 and is projected to touch USD3.25 Billion by the end of 2023. The growth in the Global Heat Transfer Fluids Market can be attributed to the growing applications, primarily in the chemical manufacturing and processing industries. In addition to this, the ability of heat transfer fluids to resist viscosity and showcase anti-freezing properties at ultra-low temperatures is catalyzing the applications of heat transfer fluids in automotive, oil & gas, food & beverage and various other industries. Consequently, the demand for Global Heat Transfer Fluids Market is anticipated to grow at a CAGR of 6.31%, during the forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2018–2023

Objective of the Study:

  • To outline, classify and estimate the Global Heat Transfer Fluids market on the basis of type, end use industry and regional distribution.
  • To study and forecast the Global market size of the Heat Transfer Fluids, in terms of value and volume.
  • To understand the regional market structure of Heat Transfer Fluids market, the global Heat Transfer Fluids market is segmented in five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size, in terms of value and volume.
  • To identify the detailed information about the prime factors affecting the global Heat Transfer Fluids market.
  • To evaluate competitor pricing, average market selling prices and margins in the global Heat Transfer Fluids market.
  • To examine competitive developments such as expansions, new entrants in the global Heat Transfer Fluids market.
  • To strategically profile the leading players in the market which are involved in the manufacturing and supply of Heat Transfer Fluids worldwide.


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Global Heat Transfer Fluids market is controlled by these major players, namely– DowDuPont (US), Eastman Chemical Company (US), Exxon Mobil Corporation (US), Shell (Netherlands), etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Heat Transfer Fluids manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, end user industries, distribution network and regional presence of all major Heat Transfer Fluids manufacturers across the globe.

TechSci Research calculated the market size for Global Heat Transfer Fluids using a bottom-up approach, where manufacturers’ value sales data for standard types (Silicones & Aromatics, Mineral Oils, Glycols and Others) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.


Key Target Audience:

  • Heat Transfer Fluids Manufacturers and Suppliers
  • Research organizations and consulting companies
  • Trade Associations, organizations, forums and alliances related to Heat Transfer Fluids
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Heat Transfer Fluids manufacturers, distributors and dealers, customers and policy makers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.

Report Scope:

In this report, the Heat Transfer Fluids has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Type
    • Silicones & Aromatics
    • Mineral Oils
    • Glycols
    • Others
  • Market, by End User Industry
    • Chemical Processing
    • Oil & Gas
    • Automotive
    • Renewable Energy
    • Pharmaceuticals
    • Food & Beverage
    • Others
  • Market, by Geography:
    • Asia-Pacific
      • India
      • China
      • Japan
      • South Korea
      • Indonesia
      • Rest of APAC
    • North America
      • U. S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Iran
      • South Africa
    • South America
      • Brazil
      • Colombia
      • Argentina
      • Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the Heat Transfer Fluids market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across all major countries.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Customer Profiling

  • List of current suppliers of Heat Transfer Fluids and customers of Heat Transfer Fluids.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

In case of you can’t find what you are looking for then please get in touch with our custom research team at [email protected]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer

5.       Global Heat Transfer Fluids Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value

5.1.2.By Volume

5.2.    Market Share & Forecast

5.2.1.By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

5.2.2.By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

5.2.3.By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America)

5.2.4.By Company

6.       Global Heat Transfer Fluids Market Segmental Analysis

6.1.    Global Silicones & Aromatics Market Outlook

6.1.1.Market Size & Forecast

6.1.1.1. By Value

6.1.1.2. By Volume

6.1.2.Market Share & Forecast

6.1.2.1.    By End User Industry

6.1.2.2.    By Region (APAC, North America, Europe, MEA and South America)

6.1.2.3.    By Company (At least top 3 companies market shares)

6.2.    Global Mineral Oils Market Outlook

6.2.1.Market Size & Forecast

6.2.1.1. By Value

6.2.1.2. By Volume

6.2.2.Market Share & Forecast

6.2.2.1.    By End User Industry

6.2.2.2.    By Region (APAC, North America, Europe, MEA and South America)

6.2.2.3.    By Company (At least top 3 companies market shares)

6.3.    Global Glycols Market Outlook

6.3.1.Market Size & Forecast

6.3.1.1. By Value

6.3.1.2. By Volume

6.3.2.Market Share & Forecast

6.3.2.1.    By End User Industry

6.3.2.2.    By Region (APAC, North America, Europe, MEA and South America)

6.3.2.3.    By Company (At least top 3 companies market shares)

7.       Global Heat Transfer Fluids Market Regional Analysis

7.1.     Asia Pacific Heat Transfer Fluids Market Outlook

7.1.1.Market Size & Forecast

7.1.1.1.              By Value

7.1.1.2.              By Volume

7.1.2.Market Share & Forecast

7.1.2.1.             By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

7.1.2.2.             By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.1.2.3.             By Country

7.1.2.3.1.     India Heat Transfer Fluids Market Outlook

7.1.2.3.1.1.   Market Size & Forecast

7.1.2.3.1.1.1.         By Value

7.1.2.3.1.1.2.         By Volume

7.1.2.3.1.2.   Market Share & Forecast

7.1.2.3.1.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.1.2.3.2.     China Heat Transfer Fluids Market Outlook

7.1.2.3.2.1.   Market Size & Forecast

7.1.2.3.2.1.1.         By Value

7.1.2.3.2.1.2.         By Volume

7.1.2.3.2.2.   Market Share & Forecast

7.1.2.3.2.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.1.2.3.3.     Japan Heat Transfer Fluids Market Outlook

7.1.2.3.3.1.   Market Size & Forecast

7.1.2.3.3.1.1.         By Value

7.1.2.3.3.1.2.         By Volume

7.1.2.3.3.2.   Market Share & Forecast

7.1.2.3.3.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.1.2.3.4.     South Korea Heat Transfer Fluids Market Outlook

7.1.2.3.4.1.   Market Size & Forecast

7.1.2.3.4.1.1.         By Value

7.1.2.3.4.1.2.         By Volume

7.1.2.3.4.2.   Market Share & Forecast

7.1.2.3.4.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.1.2.3.5.     Indonesia Heat Transfer Fluids Market Outlook

7.1.2.3.5.1.   Market Size & Forecast

7.1.2.3.5.1.1.         By Value

7.1.2.3.5.1.2.         By Volume

7.1.2.3.5.2.   Market Share & Forecast

7.1.2.3.5.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.2.     North America Heat Transfer Fluids Market Outlook

7.2.1.Market Size & Forecast

7.2.1.1.              By Value

7.2.1.2.              By Volume

7.2.2.Market Share & Forecast

7.2.2.1.             By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

7.2.2.2.             By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.2.2.3.             By Country

7.2.2.3.1.     United States Heat Transfer Fluids Market Outlook

7.2.2.3.1.1.   Market Size & Forecast

7.2.2.3.1.1.1.         By Value

7.2.2.3.1.1.2.         By Volume

7.2.2.3.1.2.   Market Share & Forecast

7.2.2.3.1.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.2.2.3.2.     Canada Heat Transfer Fluids Market Outlook

7.2.2.3.2.1.   Market Size & Forecast

7.2.2.3.2.1.1.         By Value

7.2.2.3.2.1.2.         By Volume

7.2.2.3.2.2.   Market Share & Forecast

7.2.2.3.2.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.2.2.3.3.     Mexico Heat Transfer Fluids Market Outlook

7.2.2.3.3.1.   Market Size & Forecast

7.2.2.3.3.1.1.         By Value

7.2.2.3.3.1.2.         By Volume

7.2.2.3.3.2.   Market Share & Forecast

7.2.2.3.3.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.3.     Europe Heat Transfer Fluids Market Outlook

7.3.1.Market Size & Forecast

7.3.1.1.              By Value

7.3.1.2.              By Volume

7.3.2.Market Share & Forecast

7.3.2.1.             By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

7.3.2.2.             By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.3.2.3.             By Country

7.3.2.3.1.     Germany Heat Transfer Fluids Market Outlook

7.3.2.3.1.1.   Market Size & Forecast

7.3.2.3.1.1.1.         By Value

7.3.2.3.1.1.2.         By Volume

7.3.2.3.1.2.   Market Share & Forecast

7.3.2.3.1.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.3.2.3.2.     France Heat Transfer Fluids Market Outlook

7.3.2.3.2.1.   Market Size & Forecast

7.3.2.3.2.1.1.         By Value

7.3.2.3.2.1.2.         By Volume

7.3.2.3.2.2.   Market Share & Forecast

7.3.2.3.2.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.3.2.3.3.     Italy Heat Transfer Fluids Market Outlook

7.3.2.3.3.1.   Market Size & Forecast

7.3.2.3.3.1.1.         By Value

7.3.2.3.3.1.2.         By Volume

7.3.2.3.3.2.   Market Share & Forecast

7.3.2.3.3.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.3.2.3.4.     Spain Heat Transfer Fluids Market Outlook

7.3.2.3.4.1.   Market Size & Forecast

7.3.2.3.4.1.1.         By Value

7.3.2.3.4.1.2.         By Volume

7.3.2.3.4.2.   Market Share & Forecast

7.3.2.3.4.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.3.2.3.5.     UK Heat Transfer Fluids Market Outlook

7.3.2.3.5.1.   Market Size & Forecast

7.3.2.3.5.1.1.         By Value

7.3.2.3.5.1.2.         By Volume

7.3.2.3.5.2.   Market Share & Forecast

7.3.2.3.5.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.4.     Middle East & Africa Heat Transfer Fluids Market Outlook

7.4.1.Market Size & Forecast

7.4.1.1.              By Value

7.4.1.2.              By Volume

7.4.2.Market Share & Forecast

7.4.2.1.             By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

7.4.2.2.             By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.4.2.3.             By Country

7.4.2.3.1.     Saudi Arabia Heat Transfer Fluids Market Outlook

7.4.2.3.1.1.   Market Size & Forecast

7.4.2.3.1.1.1.         By Value

7.4.2.3.1.1.2.         By Volume

7.4.2.3.1.2.   Market Share & Forecast

7.4.2.3.1.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.4.2.3.2.     UAE Heat Transfer Fluids Market Outlook

7.4.2.3.2.1.   Market Size & Forecast

7.4.2.3.2.1.1.         By Value

7.4.2.3.2.1.2.         By Volume

7.4.2.3.2.2.   Market Share & Forecast

7.4.2.3.2.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.4.2.3.3.     Iran Heat Transfer Fluids Market Outlook

7.4.2.3.3.1.   Market Size & Forecast

7.4.2.3.3.1.1.         By Value

7.4.2.3.3.1.2.         By Volume

7.4.2.3.3.2.   Market Share & Forecast

7.4.2.3.3.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.4.2.3.4.     South Africa Heat Transfer Fluids Market Outlook

7.4.2.3.4.1.   Market Size & Forecast

7.4.2.3.4.1.1.         By Value

7.4.2.3.4.1.2.         By Volume

7.4.2.3.4.2.   Market Share & Forecast

7.4.2.3.4.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.5.     South America Heat Transfer Fluids Market Outlook

7.5.1.Market Size & Forecast

7.5.1.1.              By Value

7.5.1.2.              By Volume

7.5.2.Market Share & Forecast

7.5.2.1.             By Type (Silicones & Aromatics, Mineral Oils, Glycols and Others)

7.5.2.2.             By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.5.2.3.             By Country

7.5.2.3.1.     Brazil Heat Transfer Fluids Market Outlook

7.5.2.3.1.1.   Market Size & Forecast

7.5.2.3.1.1.1.         By Value

7.5.2.3.1.1.2.         By Volume

7.5.2.3.1.2.   Market Share & Forecast

7.5.2.3.1.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.5.2.3.2.     Argentina Heat Transfer Fluids Market Outlook

7.5.2.3.2.1.   Market Size & Forecast

7.5.2.3.2.1.1.         By Value

7.5.2.3.2.1.2.         By Volume

7.5.2.3.2.2.   Market Share & Forecast

7.5.2.3.2.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

7.5.2.3.3.          Colombia Heat Transfer Fluids Market Outlook

7.5.2.3.3.1.   Market Size & Forecast

7.5.2.3.3.1.1.         By Value

7.5.2.3.3.1.2.         By Volume

7.5.2.3.3.2.   Market Share & Forecast

7.5.2.3.3.2.1.        By End Use Industry (Chemical Processing, Oil & Gas, Automotive, Renewable Energy, Pharmaceuticals, Food & Beverage and Others)

8.       Market Dynamics

8.1.    Drivers

8.2.    Challenges

9.       Market Trends & Developments

10.   Raw Material Analysis

11.   Regional Price Analysis

12.   Competitive Landscape

12.1.  Competition Benchmarking

12.2.  Company Profiles (Top 10 Companies)

13.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]