South Africa Heat Transfer Fluids Market Size & Outlook
South Africa heat transfer fluids market, 2018-2030 (US$M)
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South Africa heat transfer fluids market highlights
- The South Africa heat transfer fluids market generated a revenue of USD 162.7 million in 2021 and is expected to reach USD 192.9 million by 2030.
- The South Africa 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 162.7 million |
| Market revenue in 2030 | USD 192.9 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, South Africa accounted for 1.6% 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 |
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South Africa 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 39.52% in 2021. Horizon Databook has segmented the South Africa 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.
Africa had huge fluctuations in the economic growth in past two decades. It is the richest continent in terms of energy sources but very poor in energy supply. Non-availability of energy sources such as electricity hampers the economic development.
Growing population and demand for energy with more than 7% of proven oil reserves globally, has shown huge scope for development of energy sector in the region. Average income levels in Africa are much lower the rest of the world.
As an attempt to increase the country’s overall economic conditions, agricultural and manufacturing sector are heavily contributing to propel general economic productivity.
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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 South Africa heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into South Africa heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa heat transfer fluids market size, by product, 2018-2030 (US$M)
South Africa Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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