Saudi Arabia Heat Transfer Fluids Market Size & Outlook
Saudi Arabia heat transfer fluids market, 2018-2030 (US$M)
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Saudi Arabia heat transfer fluids market highlights
- The Saudi Arabia heat transfer fluids market generated a revenue of USD 182.4 million in 2021 and is expected to reach USD 222.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.2% 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.
Heat transfer fluids market data book summary
| Market revenue in 2021 | USD 182.4 million |
| Market revenue in 2030 | USD 222.5 million |
| Growth rate | 2.2% (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, Saudi Arabia accounted for 1.8% 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 Middle East & Africa, Saudi Arabia heat transfer fluids market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 222.5 million by 2030.
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Heat Transfer Fluids Market Scope
Heat Transfer Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 33.44% in 2021. Horizon Databook has segmented the Saudi Arabia 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.
Production of petrochemicals in gulf region has shown steady growth over the period despite of reduced demand of fuel oil and gas. Moreover, Saudi Arabia has changed its policies to attract foreign investment and start new manufacturing facilities using locally available raw material.
New investment will boost infrastructure, logistics and manufacturing sector in order to cater increasing demand. Saudi Arabia plans to shift towards renewable sources and has set a target to produce 60GW of renewable energy by 2030.
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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 Saudi Arabia heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia heat transfer fluids market size, by product, 2018-2030 (US$M)
Saudi Arabia Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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