Canada Heat Transfer Fluids Market Size & Outlook
Canada heat transfer fluids market, 2018-2030 (US$M)
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Canada heat transfer fluids market highlights
- The Canada heat transfer fluids market generated a revenue of USD 224.3 million in 2021 and is expected to reach USD 300.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.3% from 2022 to 2030.
- In terms of segment, mineral oils was the largest revenue generating product in 2021.
- Silicone is the most lucrative product segment registering the fastest growth during the forecast period.
Heat transfer fluids market data book summary
| Market revenue in 2021 | USD 224.3 million |
| Market revenue in 2030 | USD 300.4 million |
| Growth rate | 3.3% (CAGR from 2021 to 2030) |
| Largest segment | Mineral oils |
| Fastest growing segment | Silicone |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Aromatics, Mineral oils, Glycol (ethylene & propylene) based fluids, Other (including molten salts & HFPE) |
| Key market players worldwide | Kosmos Energy Ltd, BP PLC ADR, Huntsman Corp, Shell PLC, Eastman Chemical Co, ConocoPhillips, Chevron Corp, Basf SE, Exxon Mobil Corp, Dow Inc, Lanxess AG, Sasol Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 2.2% of the global heat transfer fluids market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. heat transfer fluids market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,858.9 million by 2030.
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Heat Transfer Fluids Market Scope
Heat Transfer Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada heat transfer fluids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat transfer fluids market will help companies and investors design strategic landscapes.
Mineral oils was the largest segment with a revenue share of 36.74% in 2021. Horizon Databook has segmented the Canada heat transfer fluids market based on silicone, aromatics, mineral oils, glycol (ethylene & propylene) based fluids, other (including molten salts & hfpe) covering the revenue growth of each sub-segment from 2018 to 2030.
Oil and gas companies in Canada are being squeezed due to the pressure of emission reduction in the county coupled with high pressure of fluctuating commodity prices. This is a major concern for oil and gas multinationals in the country as they face trouble in lowering prices while keeping supply intact.
Canada introduced its first concentrated solar power plant in 2016 in Southern Alberta City. The hub also has the first solar powered steam generation system which is integrated into natural gas power plant.
After initiation of the project, the demand of heat transfer fluids rose significantly in Canada and more such projects are being initiated by the government in-line to the established trend.
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Our clientele includes a mix of heat transfer fluids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into Canada heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada heat transfer fluids market size, by product, 2018-2030 (US$M)
Canada Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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