Malaysia Heat Transfer Fluids Market Size & Outlook

The heat transfer fluids market in Malaysia is expected to reach a projected revenue of US$ 154.6 million by 2030. A compound annual growth rate of 3.5% is expected of Malaysia heat transfer fluids market from 2022 to 2030.
Revenue, 2021 (US$M)
$113.6
Forecast, 2030 (US$M)
$154.6
CAGR, 2022 - 2030
3.5%
Report Coverage
Malaysia

Malaysia heat transfer fluids market highlights

  • The Malaysia heat transfer fluids market generated a revenue of USD 113.6 million in 2021 and is expected to reach USD 154.6 million by 2030.
  • The Malaysia market is expected to grow at a CAGR of 3.5% 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 2021USD 113.6 million
Market revenue in 2030USD 154.6 million
Growth rate3.5% (CAGR from 2021 to 2030)
Largest segmentMineral oils
Fastest growing segmentGlycol (ethylene & propylene) based fluids
Historical data2018 - 2020
Base year2021
Forecast period2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSilicone, Aromatics, Mineral oils, Glycol (ethylene & propylene) based fluids, Other (including molten salts & HFPE)
Key market players worldwideKosmos 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, Malaysia accounted for 1.1% 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 segmentation & scope
Oil & gas
Chemical industry
CSP
Food & beverages
Plastics
Pharmaceuticals
HVAC
Other (including transport, biodiesel, waste heat recovery etc)
Oil & gas
Chemical industry
CSP
Food & beverages
Plastics
Pharmaceuticals
HVAC
Other (including transport, biodiesel, waste heat recovery etc)
Mineral oils
Glycol (ethylene & propylene) based fluids
Other (including molten salts & HFPE)
Oil & gas
Chemical industry
CSP
Food & beverages
Plastics
Pharmaceuticals
HVAC
Other

Heat Transfer Fluids Market Companies

Name Profile # Employees HQ Website

Malaysia 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 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.

Reasons to subscribe to Malaysia heat transfer fluids market databook:

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Target buyers of Malaysia heat transfer fluids market databook

  • Our clientele includes a mix of heat transfer fluids market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

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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Malaysia heat transfer fluids market size, by product, 2018-2030 (US$M)

Malaysia Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)

Malaysia heat transfer fluids market size, by product, 2018-2030 (US$M)

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