Latin America Heat Transfer Fluids Market Size & Outlook
Latin America heat transfer fluids market, 2018-2030 (US$M)
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Latin America heat transfer fluids market highlights
- The Latin America heat transfer fluids market generated a revenue of USD 328.0 million in 2021.
- The market is expected to grow at a CAGR of 2% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 328.0 million |
| Market revenue in 2030 | USD 391.4 million |
| Growth rate | 2% (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, Latin America region accounted for 3.2% 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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Latin America 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 33.35% in 2021. Horizon Databook has segmented the Latin America 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.
These countries are mainly into production of automobiles. After a long recession and high unemployment rate, these countries are showing slow economic recovery in all the sectors.
Other manufacturing sectors such as steel production, petrochemical, heating, ventilation and air conditioner manufacturing also have high demand of heat transfer fluids in the manufacturing process. Silicon fluids, glycol-based fluids and aromatic fluids have heavy demand in this region.
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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 Latin America heat transfer fluids market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America heat transfer fluids market size, by country, 2018-2030 (US$M)
Latin America Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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