Germany Heat Transfer Fluids Market Size & Outlook
Germany heat transfer fluids market, 2018-2030 (US$M)
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Germany heat transfer fluids market highlights
- The Germany heat transfer fluids market generated a revenue of USD 594.9 million in 2021 and is expected to reach USD 768.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 2.9% 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.
Heat transfer fluids market data book summary
| Market revenue in 2021 | USD 594.9 million |
| Market revenue in 2030 | USD 768.0 million |
| Growth rate | 2.9% (CAGR from 2021 to 2030) |
| Largest segment | Mineral oils |
| Fastest growing segment | Glycol (ethylene & propylene) based fluids |
| 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, Germany accounted for 5.8% 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 Europe, Germany heat transfer fluids market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 768.0 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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Germany 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 33.55% in 2021. Horizon Databook has segmented the Germany 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.
One of the key growing markets for heat transfer fluids in Germany is the food & beverage industry. Germany is an attractive market for global food and beverage processors as it is a keynote destination for international trade affairs.
With more than 6000 major companies working in the field of food processing in Germany, the demand for food-grade heat transfer fluids in the country is projected to increase significantly over the next decade.
Apart from Germany’s growing food & beverage industry, the country is also 4th largest global pharmaceutical hub and also the largest center in Europe in terms of production and innovation.
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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 Germany heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into Germany heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany heat transfer fluids market size, by product, 2018-2030 (US$M)
Germany Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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