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Published: Apr, 2014 | Pages:
75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)
The global market for thermic fluids is expected to reach USD 3.45 billion by 2020. Growing thermic fluid demand from concentrated solar power plants is expected to be a key driving factor for market demand over the next six years. Thermic fluids are used to transfer and store heat utilized for producing electricity. In addition, positive outlook on food and beverages market is also expected to enhance market penetration for food grade thermic fluids.
Mineral oils emerged as the leading product segment in the global market and accounted for 41.7% of the total thermic fluid volume in 2013. Mineral oils were followed by aromatic based thermic fluids, however, glycol based thermic fluids are expected to be the fastest growing product segment, at an estimated CAGR of 7.9% from 2014 to 2020. Increasing Concentrated Solar Power (CSP) capacity, mainly in the U.S. and Spain is expected to boost the demand for thermic fluids for these applications.
Further key findings from the study suggest:
The global market for thermic fluids was 470.1 kilo tons in 2013 and is expected to reach 712.3 kilo tons by 2020, growing at a CAGR of 6.2% from 2014 to 2020.
Europe continued its dominance in the global market and accounted for 33.9% of total thermic fluid volume in 2013. Asia Pacific is expected to be the fastest growing regional market for thermic fluids, at an estimated CAGR of 6.9% from 2014 to 2020.
Oil & gas emerged as the leading application market for thermic fluids and accounted for just over 24% of total market volume in 2013. Concentrated solar power is expected to be the fastest growing application market for thermic fluids, at an estimated CAGR of 8.5% from 2014 to 2020.
The global market is highly concentrated as top four companies including Dow Chemical, Solutia, Exxon Mobil and Shell accounted for over 60% of the total demand in 2013. British Petroleum, Paratherm and Chevron Corporation are amongst other significant market participants operating in the global market.
For the purpose of this study, Grand View Research has segmented the global thermic fluids market on the basis of product, application and region:
Global Thermic Fluids Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
Mineral Oils
Aromatics
Glycol (Ethylene & Propylene)
Silicones
Other (including Molten Salts & HFPE)
Global Thermic Fluids Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
Oil & Gas
Chemical Industry
Concentrated Solar Power (CSP)
Food & Beverages
Plastics
Pharmaceuticals
HVAC
Others (including Transport, Biodiesel and Waste Heat Recovery etc)
Thermic Fluids Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Thermic Fluids - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Thermic Fluids Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Thermic Fluids Value Chain Analysis 2.4 Thermic Fluids Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Growth of global CSP industry 2.4.1.2 Regulatory support for food grade thermic fluids 2.4.1.3 Advantages over steam based systems 2.4.2 Market restraint analysis 2.4.2.1 Volatility in raw material prices 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Thermic Fluids - Company Market Share Analysis 2.8 Thermic Fluids - PESTEL Analysis Chapter 3 Thermic Fluids Product Outlook 3.1 Mineral Oils 3.1.1. Mineral oil thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million) 3.2 Aromatics 3.2.1 Aromatics thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million) 3.3 Glycols 3.3.1 Glycols thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million) 3.4 Silicones 3.4.1 Silicone thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million) 3.5 Other 3.5.1 Other thermic fluids market volume and revenue, 2012-2020, (Kilo Tons), (USD million) Chapter 4 Thermic Fluids Application Outlook 4.1 Oil & Gas 4.1.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.2 Chemical Industry 4.2.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.3 CSP 4.3.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.4 Food & Beverages 4.4.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.5 Plastics 4.5.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.6 Pharmaceuticals 4.6.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.7 HVAC 4.7.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) 4.8 Others 4.8.1 Market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) Chapter 5 Thermic Fluids Regional Outlook 5.1 North America 5.1.1 Thermic fluids market volume & revenue, 2012-2020 (Kilo Tons), (USD million) 5.1.2 Thermic fluids market volume & revenue by product, 2012-2020 (Kilo Tons), (USD million) 5.1.3 Thermic fluids market volume & revenue by application, 2012-2020 (Kilo Tons), (USD million) 5.2 Europe 5.2.1 Thermic fluids market volume & revenue, 2012-2020 (Kilo Tons), (USD million) 5.2.2 Thermic fluids market volume & revenue by product, 2012-2020 (Kilo Tons), (USD million) 5.2.3 Thermic fluids market volume & revenue by application, 2012-2020 (Kilo Tons), (USD million) 5.3 Asia Pacific 5.3.1 Thermic fluids market volume & revenue, 2012-2020 (Kilo Tons), (USD million) 5.3.2 Thermic fluids market volume & revenue by product, 2012-2020 (Kilo Tons), (USD million) 5.3.3 Thermic fluids market volume & revenue by application, 2012-2020 (Kilo Tons), (USD million) 5.4 RoW 5.4.1 Thermic fluids market volume & revenue, 2012-2020 (Kilo Tons), (USD million) 5.4.2 Thermic fluids market volume & revenue by product, 2012-2020 (Kilo Tons), (USD million) 5.4.3 Thermic fluids market volume & revenue by application, 2012-2020 (Kilo Tons), (USD million) Chapter 6 Competitive Landscape 6.1 Dow Chemical Company 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 ExxonMobil 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 Solutia Inc. 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 British Petroleum 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 Royal Dutch Shell 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 BASF AG 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7 Dynalene Inc. 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 Paratherm Corporation 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Multitherm LLC 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 Kost USA Inc. 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives 6.11 Chevron Corporation 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives Chapter 7 Methodology & Scope 7.1 Research Methodology 7.2 Research Scope & Assumptions 7.3 List of Data Sources List of Tables
Thermic Fluids - Industry Summary & Critical Success Factors (CSFs) Global thermic fluids market volume and revenue, 2012 - 2020 Thermic fluids - Key driver analysis Thermic fluids - Key restraint analysis Global mineral oil based thermic fluids, (volume & revenue), 2012-2020 Global mineral oil based thermic fluids by region, (volume & revenue), 2012-2020 Global aromatics based thermic fluids, (volume & revenue), 2012-2020 Global aromatics based thermic fluids by region, (volume & revenue), 2012-2020 Global glycol based thermic fluids, (volume & revenue), 2012-2020 Global glycol based thermic fluids by region, (volume & revenue), 2012-2020 Global silicones based thermic fluids, (volume & revenue), 2012-2020 Global silicones based thermic fluids by region, (volume & revenue), 2012-2020 Global other thermic fluids, (volume & revenue), 2012-2020 Global other thermic fluids by region, (volume & revenue), 2012-2020 Global thermic fluids demand from oil & gas, (volume & revenue), 2012-2020 Global thermic fluids demand from oil & gas, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from chemical, (volume & revenue), 2012-2020 Global thermic fluids demand from chemical, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from CSP, (volume & revenue), 2012-2020 Global thermic fluids demand from CSP, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from food & beverages, (volume & revenue), 2012-2020 Global thermic fluids demand from food & beverages, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from plastics, (volume & revenue), 2012-2020 Global thermic fluids demand from plastics, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from pharmaceuticals, (volume & revenue), 2012-2020 Global thermic fluids demand from pharmaceuticals, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from HVAC, (volume & revenue), 2012-2020 Global thermic fluids demand from HVAC, by region, (volume & revenue), 2012-2020 Global thermic fluids demand from other applications, (volume & revenue), 2012-2020 Global thermic fluids demand from other applications, by region, (volume & revenue), 2012-2020 North America thermic fluids market volume, by product, 2012 - 2020 (Kilo Tons) North America thermic fluids market revenue, by product, 2012 - 2020 (USD Million) North America thermic fluids market volume, by application, 2012 - 2020 (Kilo Tons) North America thermic fluids market revenue, by application, 2012 - 2020 (USD Million) Europe thermic fluids market volume, by product, 2012 - 2020 (Kilo Tons) Europe thermic fluids market revenue, by product, 2012 - 2020 (USD Million) Europe thermic fluids market volume, by application, 2012 - 2020 (Kilo Tons) Europe thermic fluids market revenue, by application, 2012 - 2020 (USD Million) Asia Pacific thermic fluids market volume, by product, 2012 - 2020 (Kilo Tons) Asia Pacific thermic fluids market revenue, by product, 2012 - 2020 (USD Million) Asia Pacific thermic fluids market volume, by application, 2012 - 2020 (Kilo tons) Asia Pacific thermic fluids market revenue, by application, 2012 - 2020 (USD Million) RoW thermic fluids market volume, by product, 2012 - 2020 (Kilo Tons) RoW thermic fluids market revenue, by product, 2012 - 2020 (USD Million) RoW thermic fluids market volume, by applications, 2012 - 2020 (Kilo Tons) RoW thermic fluids market revenue, by applications, 2012 - 2020 (USD Million) List of Figures Thermic fluids market segmentation Global thermic fluids market (Volume & Revenue), 2012 - 2020 Thermic fluids - Value chain analysis Thermic fluids - Market dynamics Thermic fluids - Company market share analysis, 2013 Key opportunities prioritized Industry analysis - Porter's Thermic fluids PESTEL analysis, 2013 Global thermic fluids market volume share, by product, 2013 & 2020 Global mineral oil based thermic fluids, (volume & revenue), 2012-2020 Global aromatics based thermic fluids, (volume & revenue), 2012-2020 Global glycol based thermic fluids, (volume & revenue), 2012-2020 Global silicones based thermic fluids, (volume & revenue), 2012-2020 Global other thermic fluids, (volume & revenue), 2012-2020 Global thermic fluids market volume share, by application, 2013 & 2020 Global thermic fluids demand from oil & gas, (volume & revenue), 2012-2020 Global thermic fluids demand from chemical, (volume & revenue), 2012-2020 Global thermic fluids demand from CSP, (volume & revenue), 2012-2020 Global thermic fluids demand from food & beverages, (volume & revenue), 2012-2020 Global thermic fluids demand from plastics, (volume & revenue), 2012-2020 Global thermic fluids demand from pharmaceuticals, (volume & revenue), 2012-2020 Global thermic fluids demand from HVAC, (volume & revenue), 2012-2020 Global thermic fluids demand from other applications, (volume & revenue), 2012-2020 Global thermic fluids market volume share, by region, 2013 & 2020 North America thermic fluids market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) Europe thermic fluids market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) Asia Pacific thermic fluids market estimates and forecast, 2012-2020 (Kilo Tons), (USD million) RoW thermic fluids market estimates and forecast, 2012-2020 (Kilo Tons), (USD million)
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