Stratview Research has recently published a report on the Thermic Fluids Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The market is segmented by Product Type (Silicone & Aromatic Based, Mineral Oils Based, and Glycol Based), by Application Type (Oil & Gas, Chemical, Concentrated Solar Power [CSP], Food & Beverage, Plastics, Pharmaceuticals and Heating, Ventilation, & Air Conditioning [HVAC]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Thermic Fluids Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Thermic Fluids Market was expected to grow from USD 2.26 billion in 2021 to reach USD 3.52 billion by 2028 at an impressive CAGR of 6.44% during the forecast period of 2022-2028.

Some of the companies drive the market growth:

• BASF AG
• British Petroleum (BP)
• Dow Chemical Company
• Dynalene Inc.
• Exxon Mobil
• Hindustan Petroleum
• Kost U.S.A Inc.
• Paratherm Corporation
• Royal Dutch Shell
• Solutia Inc.

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Segment Analysis

By Application Type

The market is segmented as oil & gas, chemical, concentrated solar power [CSP], food & beverage, plastics, pharmaceuticals, and heating, ventilation, & air conditioning [HVAC]. 

The market for thermic fluids has extensive end uses in various industries, with an expected growth rate of around 5% in the pharmaceutical sector during the forecast period. Thermic fluids are used in different processes in the pharmaceutical industry such as product batch processing.  

Regional Analysis

North America is estimated to be the leading region in the market for thermic fluids. The region’s market is driven by the presence of different end-use sectors, such as pharmaceutical, oil and gas, chemical, food and drink industries and HVAC.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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