Japan Heat Transfer Fluids Market Size & Outlook
Japan heat transfer fluids market, 2018-2030 (US$M)
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Japan heat transfer fluids market highlights
- The Japan heat transfer fluids market generated a revenue of USD 960.6 million in 2021 and is expected to reach USD 1,281.1 million by 2030.
- The Japan 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.
- 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 960.6 million |
| Market revenue in 2030 | USD 1,281.1 million |
| Growth rate | 3.3% (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, Japan accounted for 9.3% 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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Japan 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 36.39% in 2021. Horizon Databook has segmented the Japan 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.
The heat transfer fluids are used in food and beverages industry to control precise temperature required for food processing. Japan has a population of around 127 million, japan is among most mature and wealthy consumer market in the world.
The consumer preference for quality food products and matured in Japan and accounted for 10% of GDP, the combined food service and food retail market of Japan is quite sizeable, with its value approaching USD 600 billion. The aforementioned trends are likely to drive the heat transfer fluid market in Japan.
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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 Japan heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into Japan heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan heat transfer fluids market size, by product, 2018-2030 (US$M)
Japan Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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