North America Heat Transfer Fluids Market

1. North America Heat Transfer Fluids Market Revenue to Surpass USD 1.4 Billion by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. North America heat transfer fluids market will achieve a valuation of more than $1.4 billion by the end of 2026. Heat transfer fluids are a medium for heating, energy storing and cooling activities and are used in various heat transfer processes. Since the boiling point of these fluids is quite high, they do not get vaporized in a high-heat environment. They possess low viscosity properties as well. The demand for petrochemicals has grown by many folds in North America. This will boost the demand for heat transfer processes as they are extensively used in petrochemical industry as well. They are normally used for the production and processing of output like petrol and crude oil. These factors will have a positive impact on North America heat transfer fluids market growth. On the basis of product type, there are different fluids like silicone & aromatics, mineral oils, glycol and others that make up North America heat transfer fluid market. Out of these, the silicone & aromatics segment will reportedly show strong growth prospects during the forecast period of 2020-2026, considering that this segment showed its market domination in 2019. Silicone & aromatic fluids have several beneficial properties which make them an ideal choice for heat transfer processes. Some of them are high thermal stability, low specific heat and high boiling temperature. These features efficiently carry out heat transfer processes. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Browse detailed statistical insights from the report, “North America Heat Transfer Fluids Market” along with the table of contents (ToC) @https://bit.ly/3Cq8jNr Get sample copy of this research report @ https://www.graphicalresearch.com/request/1811/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. Since the demand for eco-friendly alternatives for fossil fuels has picked up momentum among the population in North America, the Concentrated Solar Power (CSP) division will witness robust expansion during the projected timeline. In this process, solar power received from sunlight is concentrated with the help of panels and electricity is eventually generated with the help of various methods. Air, synthetic oils and water act as heat transfer fluids in this process. All these factors will create strong growth opportunities for North America heat transfer fluids market. Plastics industry will be one of the biggest end-users of heat transfer fluids in North America during the mentioned forecast period. This is because plastic is used in a wide variety of industries like healthcare, manufacturing and packaging, which require high heat transfer processes. There is an incredible rise seen in the consumption of packaged foods and beverages, resulting in higher use of heat transfer fluids in plastic processing activities. Chemical manufacturing is another industry that will increasingly use heat transfer fluids for its operations due to the rising demand for chemicals in North America. Production of chemicals like petrochemicals, biofuels, specialty chemicals and polymers involve using high and low temperature heat transfer processes. These processes use various heat transfer fluids like ethylene glycol, silicone, synthetics and propylene glycol. The chemical manufacturing industry in the U.S. reached an overall output of nearly $870 billion in the year 2019. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. United States heat transfer fluids market size was about $550 million in 2019 alone and is expected to increase through 2026. Industries like HVAC, chemicals, pharmaceuticals and plastics are rapidly growing, resulting in the increasing use of these fluids as well. In fact, in 2019, the production of high-density polyethylene in the U.S. was nearly 10 billion tons and low-density polyethylene production touched 3.5 billion tons. Ethylene production reached 31.5 billion tons, showing the incredible demand for these chemicals, in turn fostering demand for heat transfer fluids in the country. Some of the prominent companies that are engaged in manufacturing North America heat transfer fluids market are Huntsman Corporation, Dow Chemical Company, Eastman Chemical Company, Chevron Company, Dynalene Inc. and many others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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