PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1458517
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1458517
India Thermic Fluids Market, By Type ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Thermic Fluids Market Size More Than Doubles at Significant CAGR to Touch USD 983.5 Million by 2030
India Thermic Fluids Market is flourishing due to an increasing focus on energy efficiency, rapid expansion of various industries, a growing focus on complying with stringent environmental regulations regarding emissions and pollution, and rising advancements in thermic fluids technology.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Thermic Fluids Market size at USD 456.25 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Thermic Fluids Market size to boom at a CAGR of 9.33% reaching a value of USD 983.49 million by 2030. The Thermic Fluids Market in India is propelled by the market is an increasing demand for various chemicals, expanding utilization of thermic fluids in petrochemical manufacturing and chemical processing, and growing importance of thermic fluids in the food processing sector. Also, the rapid growth of the oil and gas industry in the country serves as a further catalyst for market expansion. For example, India's oil and gas sector, classified among the nation's eight core sectors, holds substantial influence over decision-making processes across the economy.
Impact of Escalating Geopolitical Tensions on India Thermic Fluids Market
Escalating geopolitical tensions can significantly impact the India Thermic Fluids Market. Geopolitical tensions can disrupt the supply chain, leading to fluctuations in raw material prices and affecting production costs. Additionally, uncertainties stemming from geopolitical conflicts may deter investments and hinder market growth. Import-export dynamics may also be affected, influencing the availability and pricing of thermic fluids in the Indian market. Moreover, geopolitical instabilities can create an atmosphere of economic uncertainty, influencing consumer behavior and industry decision-making. Overall, navigating through these geopolitical challenges is crucial for stakeholders in the India Thermic Fluids Market to maintain stability and capitalize on emerging opportunities.
India Thermic Fluids Market
Segmental Information
India Thermic Fluids Market - By End User
On the basis of end user, the India Thermic Fluids Market is divided into Food & Beverages, Chemicals, Pharmaceuticals, Oil & Gas, Concentrated Solar Power, and Others (including Metal Fabrication & Finishing Plants and Rubber & Plastic Industries) segments. The oil & gas end user segment holds the highest share in the India Thermic Fluids Market. Heat transfer fluids play a pivotal role in the oil and gas industry, facilitating operations in fuel extraction, transportation, refining, and recycling stages. Given the industry's remote and hazardous locations, thermic fluids with high flash points and thermal stability are essential to mitigate explosion risks. They are utilized in offshore platforms for facility heating and water removal from natural gas. Additionally, in refineries, thermic fluids aid in distillation processes. These fluids are integral in natural gas processing for dehydration and temperature control. India, ranking third in global oil consumption, witnesses a surge in crude oil processing and petroleum production, driving the demand for thermic fluids domestically.
Competitive Landscape
The India Thermic Fluids Market is fragmented, with numerous players serving the market. The key players dominating the India Thermic Fluids Market include Bharat Petroleum Corporation Limited, Dow, Eastman Chemical Company, Exxon Mobil Corporation, GS Caltex India, Hitech Solution, Indian Oil Corporation Ltd, Paras Lubricants Ltd, Shell plc, Savita Oil Technologies Limited, and Tide Water Oil Co. (India) Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Thermic Fluids Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Thermic Fluids Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Thermic Fluids Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid expansion of various industries
- 3.2.1.2. Increasing focus on energy efficiency
- 3.2.1.3. Increasingly stringent environmental regulations regarding emissions and pollution
- 3.2.1.4. Rapid advancements in thermic fluids technology
- 3.2.2. Restraints
- 3.2.2.1. High initial investment in thermic fluid systems
- 3.2.2.2. Lack of skilled workforce
- 3.2.2.3. Lack of awareness
- 3.2.3. Opportunities
- 3.2.3.1. Growing demand for thermic fluids in emerging sectors
- 3.2.3.2. Increasing use in concentrated solar power source
- 3.2.4. Challenges
- 3.2.4.1. Fluctuations in raw material prices
- 3.2.4.2. Stringent regulations on disposal
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Thermic Fluids Market: Marketing Strategies
5. India Thermic Fluids Market: Pricing Analysis
6. India Thermic Fluids Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Kilotons)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Mineral Oil
- 6.2.1.2. Silicon
- 6.2.1.3. Aromatics
- 6.2.1.4. Glycols
- 6.2.1.5. Others
- 6.2.2. By End User
- 6.2.2.1. Food and Beverage
- 6.2.2.2. Chemicals
- 6.2.2.3. Pharmaceuticals
- 6.2.2.4. Oil and Gas
- 6.2.2.5. Concentrated Solar Power
- 6.2.2.6. Others (Including Metal Fabrication and Finishing Plants, Rubber and Plastic Industries etc.)
- 6.2.3. By Region
- 6.2.3.1. North India
- 6.2.3.2. South India
- 6.2.3.3. East India
- 6.2.3.4. West India
- 6.2.1. By Type
7. North India Thermic Fluids Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.1.2. By Volume (Kilotons)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End User
8. South India Thermic Fluids Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.1.2. By Volume (Kilotons)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End User
9. East India Thermic Fluids Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.1.2. By Volume (Kilotons)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End User
10. West India Thermic Fluids Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.1.2. By Volume (Kilotons)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End User
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Thermic Fluids Market Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Thermic Fluids Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Bharat Petroleum Corporation Limited
- 13.2. Dow
- 13.3. Eastman Chemical Company
- 13.4. Exxon Mobil Corporation
- 13.5. GS Caltex India
- 13.6. Hitech Solution
- 13.7. Indian Oil Corporation Ltd
- 13.8. Paras Lubricants Ltd
- 13.9. Shell plc
- 13.10. Savita Oil Technologies Limited
- 13.11. Tide Water Oil Co. (India) Ltd
- 13.12. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Country
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Thermic Fluids Market Segmentation
- Figure 2 India Thermic Fluids Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Figure 6 India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Figure 7 India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Figure 8 India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Figure 9 India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Figure 10 India Thermic Fluids Market Share, By Region, By Value (USD Million), 2019-2030
- Figure 11 India Thermic Fluids Market Share, By Region, By Volume (Kilotons), 2019-2030
- Figure 12 North India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Figure 13 North India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Figure 14 North India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Figure 15 North India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Figure 16 North India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Figure 17 North India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Figure 18 South India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Figure 19 South India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Figure 20 South India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Figure 21 South India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Figure 22 South India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Figure 23 South India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Figure 24 East India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Figure 25 East India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Figure 26 East India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Figure 27 East India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Figure 28 East India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Figure 29 East India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Figure 30 West India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Figure 31 West India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Figure 32 West India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Figure 33 West India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Figure 34 West India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Figure 35 West India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
List of Tables
- Table 1 India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Table 2 India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Table 3 India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Table 4 India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Table 5 India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Table 6 India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Table 7 India Thermic Fluids Market Share, By Region, By Value (USD Million), 2019-2030
- Table 8 India Thermic Fluids Market Share, By Region, By Volume (Kilotons), 2019-2030
- Table 9 North India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Table 10 North India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Table 11 North India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Table 12 North India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Table 13 North India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Table 14 North India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Table 15 South India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Table 16 South India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Table 17 South India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Table 18 South India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Table 19 South India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Table 20 South India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Table 21 East India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Table 22 East India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Table 23 East India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Table 24 East India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Table 25 East India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Table 26 East India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Table 27 West India Thermic Fluids Market Size, By Value (USD Million), 2019-2030
- Table 28 West India Thermic Fluids Market Size, By Volume (Kilotons), 2019-2030
- Table 29 West India Thermic Fluids Market Share, By Type, By Value (USD Million), 2019-2030
- Table 30 West India Thermic Fluids Market Share, By Type, By Volume (Kilotons), 2019-2030
- Table 31 West India Thermic Fluids Market Share, By End User, By Value (USD Million), 2019-2030
- Table 32 West India Thermic Fluids Market Share, By End User, By Volume (Kilotons), 2019-2030
- Table 33 Bharat Petroleum Corporation Limited Company Overview
- Table 34 Bharat Petroleum Corporation Limited Company Overview
- Table 35 Dow Company Overview
- Table 36 Dow Company Overview
- Table 37 Eastman Chemical Company Overview
- Table 38 Eastman Chemical Company Overview
- Table 39 Exxon Mobil Corporation Company Overview
- Table 40 Exxon Mobil Corporation Company Overview
- Table 41 GS Caltex India Company Overview
- Table 42 GS Caltex India Company Overview
- Table 43 Hitech Solution Company Overview
- Table 44 Hitech Solution Company Overview
- Table 45 Indian Oil Corporation Ltd Company Overview
- Table 46 Indian Oil Corporation Ltd Company Overview
- Table 47 Paras Lubricants Ltd Company Overview
- Table 48 Paras Lubricants Ltd Company Overview
- Table 49 Shell plc Company Overview
- Table 50 Shell plc Company Overview
- Table 51 Savita Oil Technologies Limited Company Overview
- Table 52 Savita Oil Technologies Limited Company Overview
- Table 53 Tide Water Oil Co. (India) Ltd Company Overview
- Table 54 Tide Water Oil Co. (India) Ltd Company Overview
