Market revenue in 2021 | USD 113.6 million |
Market revenue in 2030 | USD 154.6 million |
Growth rate | 3.5% (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 |
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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 34.51% in 2021. Horizon Databook has segmented the Malaysia 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 government of Malaysia has formulated numerous energy-related regulations to ensure energy security and to combat climate change. The five-fuel policy was introduced in 8th Malaysian Plan to diversify the four-fuel diversification policy in which renewable is added as fifth fuel.
This factor to drive the consumption of heat transfer fluids in renewable energy applications. In 2016-17, the Malaysian government has introduced six renewable energy biomass projects with total investment of 83.6 million.
The shift in focus towards the green market, increasing share in renewable energy share in generation mix, and encouraging low carbon mobility factors are creating a positive impact in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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