Russia Heat Transfer Fluids Market Size & Outlook
Russia heat transfer fluids market, 2018-2030 (US$M)
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Russia heat transfer fluids market highlights
- The Russia heat transfer fluids market generated a revenue of USD 233.8 million in 2021 and is expected to reach USD 275.8 million by 2030.
- The Russia market is expected to grow at a CAGR of 1.9% 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 233.8 million |
| Market revenue in 2030 | USD 275.8 million |
| Growth rate | 1.9% (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, Russia accounted for 2.3% 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 Europe, Germany heat transfer fluids market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 768.0 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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Russia 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 33.49% in 2021. Horizon Databook has segmented the Russia 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.
Russian chemical manufacturing companies largely rely on the country’s availability of raw materials and abundance of natural resources. In 2006, the country contributed 1% of the global chemical production but the growth was restricted again in 2008 after global economic crisis.
As of 2017, the pharmaceutical industry of Russia is largely funded by private companies such as EuroChem Group, Neftekhim Salavat and more.
With the growth of pharmaceutical sector in the country, the overall consumption of heat transfer fluids also rose significantly, and the trend is likely to remain the same over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into Russia heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia heat transfer fluids market size, by product, 2018-2030 (US$M)
Russia Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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