Growth Opportunities in Heat Transfer Fluids

Description

Strategic Acquisitions and Partnerships Will Prove Key to Business Expansion

Heat transfer fluids offer significant functional advantages to end users across industries. For instance, they deliver superior thermal management that augments the life of critical industrial machinery and equipment as well as reduces costly plant downtime caused by equipment failure associated with poor thermal management. The development of technologies that enable the reuse of heat absorbed by heat transfer fluids in other processes is helping reduce customers' carbon footprint, thus contributing to sustainability and making heat transfer fluid-based cooling even more popular.

Furthermore, the development of high-performance fluid formulations with enhanced longevity, superior performance, and operational advantages over conventional air-cooled technologies is contributing to more demand for and consumption of heat transfer fluids. Also, more end-use industries are adopting heat transfer fluids, which contributes majorly to their volume consumption growth.

This study covers four heat transfer fluid chemistry types: glycols, silicones, hydrocarbon oils, and others (i.e., fluorochemicals and refrigerants such as chlorofluorocarbons [CFC], hydrochlorofluorocarbons [HCFC], ammonia, and carbon dioxide deployed in heat-pump systems that serve various end-use industries, molten salts, and other phase-change fluids combined).

The end-use industry segments are automotive & transportation; energy, mining, and construction processes; chemicals and plastics & rubber; food & beverage and pharmaceuticals; building; and other applications (i.e., electrical & electronics, die casting, industrial laundry ironers and steam generators, and converters [pressing, rolling, laminating, and printing] combined). For each end-use industry application, regional volume consumption and regional revenue estimates are discussed, along with revenue and volume estimates by chemistry type. The report examines market share for the top heat transfer fluid manufacturers at the global level.

Manufacturers must make strategic acquisitions to develop an innovative product portfolio quickly or enter new geographies to gain a competitive advantage. They will need to partner exclusively with regional distributors or focus on direct sales to expand the business. China, India, Southeast Asia, and Latin America will be the markets that witness high growth in the next 7 years. The increasing volume consumption of heat transfer fluids by various end-use industries and the development of high-performance products will contribute to market growth in the next 5 to 7 years.

Product Code: PF85-92

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Heat Transfer Fluids Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis-Heat Transfer Fluids

Scope of Analysis
Market Segmentation
Geographic Scope
Growth Metrics
Value Chain
Value Chain Analysis
Forecast Assumptions
Revenue and Volume Forecast
Revenue Forecast by End-use Industry
Volume Forecast by End-use Industry
Revenue Forecast by Chemistry
Volume Forecast by Chemistry
Revenue and Volume Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Analysis by Region
Pricing Forecast by Chemistry
Pricing Trends and Forecast Analysis
Competitive Environment
Case Study-Fluid Genius™ by Eastman: An Innovative Digital Transformation Initiative
Notable Sustainability Product Offerings-Heat Transfer Fluids
Key Suppliers-Heat Transfer Fluids by Chemistry
Revenue Share
Revenue Share Analysis

Growth Opportunity Analysis-Automotive & Transportation Applications

Segment Characteristics and Overview
Growth Metrics
Growth Drivers and Restraints
Growth Driver Analysis
Growth Restraint Analysis
Summary of the Main Drivers, Restraints, and Forecast Assumption Factors
Revenue and Volume Forecast
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Market Trend Analysis by Region
Revenue and Volume Forecast Analysis by Chemistry Type

Growth Opportunity Analysis-Energy, Mining, and Construction Process Applications

Segment Characteristics and Overview
Growth Metrics
Growth Drivers and Restraints
Growth Driver Analysis
Growth Restraint Analysis
Summary of the Main Drivers, Restraints, and Forecast Assumption Factors
Revenue and Volume Forecast
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Market Trend Analysis by Region, Energy, Mining, and Construction Process Applications
Revenue Forecast by Chemistry
Volume Forecast by Chemistry
Revenue and Volume Forecast Analysis by Chemistry Type

Growth Opportunity Analysis-Chemicals and Plastics & Rubber Applications

Segment Characteristics and Overview
Growth Metrics
Growth Drivers and Restraints
Growth Driver Analysis
Growth Restraint Analysis
Summary of the Main Drivers, Restraints, and Forecast Assumption Factors
Revenue and Volume Forecast
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Market Trend Analysis by Region
Revenue Forecast by Chemistry
Volume Forecast by Chemistry
Revenue and Volume Forecast Analysis by Chemistry Type

Growth Opportunity Analysis-Food & Beverage and Pharmaceutical Applications

Segment Characteristics and Overview
Growth Metrics
Growth Drivers and Restraints
Growth Driver Analysis
Growth Restraint Analysis
Summary of the Main Drivers, Restraints, and Forecast Assumption Factors
Revenue and Volume Forecast
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Market Trend Analysis by Region
Revenue Forecast by Chemistry
Volume Forecast by Chemistry
Revenue and Volume Forecast Analysis by Chemistry Type

Growth Opportunity Analysis-Building Applications

Segment Characteristics and Overview
Growth Metrics
Growth Drivers
Growth Driver Analysis
Summary of the Main Drivers, Restraints, and Forecast Assumption Factors
Revenue and Volume Forecast
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Market Trend Analysis by Region
Revenue Forecast by Chemistry
Volume Forecast by Chemistry
Revenue and Volume Forecast Analysis by Chemistry Type

Growth Opportunity Analysis-Other Applications

Segment Characteristics and Overview
Growth Metrics
Growth Drivers
Growth Driver Analysis
Summary of the Main Drivers, Restraints, and Forecast Assumption Factors
Revenue and Volume Forecast
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Market Trend Analysis by Region
Revenue Forecast by Chemistry
Volume Forecast by Chemistry
Revenue and Volume Forecast Analysis by Chemistry Type

Growth Opportunity Universe

Growth Opportunity 1-Developing Sustainable Chemistries for Data Center Applications
Growth Opportunity 2-Strategic Acquisitions to Strengthen Business
Growth Opportunity 3-Strategic Partnerships to Develop Distribution Channels

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