Transparency Market
Research
Thermic Fluids Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2016 - 2024
Published Date
18-May-2016
195 Page Report
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Press Release
Thermic Fluids Market Anticipated to Reach US$4.17 bn by
2024; Demand Steered by Burgeoning Use in Concentrated
Solar Power : TMR
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Thermic Fluids Market
REPORT DESCRIPTION
Thermic Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 2024
Transparency Market Research has released a new market report titled, “Thermic Fluids (Silicone &
Aromatic Based, Mineral Oils Based, Glycol Based, and Others) Market for Oil & Gas; Chemical;
Concentrated Solar Power (CSP); Food & Beverage; Plastics; Pharmaceuticals; Heating, Ventilation,
and Air Conditioning (HVAC); and Other End-users – Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2016–2024.” According to the report, the global thermic fluids market was valued at
US$2.25 bn in 2015 and is expected to reach US$4.17 bn by 2024, expanding at 7.1% CAGR between 2016
and 2024.
Thermic fluids are primarily used to prevent excess heating of a thermal device, store heat, and to transfer heat
from one device to another. Based on product type, thermic fluids can be classified into silicone and aromatic
based thermic fluids, mineral oils based thermic fluids, glycol (ethylene and propylene) based thermic fluids,
and others. These thermic fluids have applications in end-use industries such as food & beverages,
pharmaceuticals, chemicals, plastics, oil & gas, concentrated solar power (CSP), and HVAC (heating,
ventilation, and air conditioning), and others. Volatility in prices of raw materials is likely to hamper market
growth in the near future.
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