Europe Heat Transfer Fluids Market Size & Outlook
Europe heat transfer fluids market, 2018-2030 (US$M)
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Europe heat transfer fluids market highlights
- The Europe heat transfer fluids market generated a revenue of USD 1,913.4 million in 2021.
- The market is expected to grow at a CAGR of 2.8% from 2022 to 2030.
- In terms of segment, mineral oils was the largest revenue generating product in 2021.
- Glycol (ethylene & propylene) based fluids is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 1,913.4 million |
| Market revenue in 2030 | USD 2,456.0 million |
| Growth rate | 2.8% (CAGR from 2021 to 2030) |
| Largest segment | Mineral oils |
| Fastest growing segment | Glycol (ethylene & propylene) based fluids |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 18.6% of the global heat transfer fluids market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,016.0 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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Europe 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 34.97% in 2021. Horizon Databook has segmented the Europe 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.
In the past decade Europe recorded several heat transfer projects bring introduced in the country. In 2015, the country reflected major plant production capacities in United Kingdom which is estimated to drive the European heat transfer fluids production significantly in the foreseeable future.
As per publications being launched by the European Union, the region is undertaking several measures to enhance the concentrated solar power industry across all major business hubs of Europe.
Technological advancements of CSP projects in the region are highly funded by the government and the objective stresses on cost reduction in production process, cost-reduction in storage of thermal energy and development of hybridized solutions for optimum outcome.
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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 continent-level data and insights on the Europe heat transfer fluids market , including forecasts for subscribers. This continent databook contains high-level insights into Europe heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe heat transfer fluids market size, by country, 2018-2030 (US$M)
Europe Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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