India Heat Transfer Fluids Market Size & Outlook
India heat transfer fluids market, 2018-2030 (US$M)
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India heat transfer fluids market highlights
- The India heat transfer fluids market generated a revenue of USD 506.0 million in 2021 and is expected to reach USD 769.0 million by 2030.
- The India market is expected to grow at a CAGR of 4.8% 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.
Heat transfer fluids market data book summary
| Market revenue in 2021 | USD 506.0 million |
| Market revenue in 2030 | USD 769.0 million |
| Growth rate | 4.8% (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, India accounted for 4.9% 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 Asia Pacific, China heat transfer fluids market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 769.0 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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India 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 39.41% in 2021. Horizon Databook has segmented the India 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.
Indian government has also taken various initiatives like Jawaharlal Nehru National Solar Mission for strengthening of India’s position in solar power industry. India was the only Asian country with CSP facilities under construction by the end of 2016.
India’s projects included the 25 MW Gujarat Solar plant and the 14 MW National Thermal Power Corporation’s Dadri Integrated Solar Combined-Cycle plant. This will have positive impact on heat transfer fluids industry.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into India heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India heat transfer fluids market size, by product, 2018-2030 (US$M)
India Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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