UK Heat Transfer Fluids Market Size & Outlook, 2021-2030
UK heat transfer fluids market, 2018-2030 (US$M)
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UK heat transfer fluids market highlights
- The UK heat transfer fluids market generated a revenue of USD 289.2 million in 2021 and is expected to reach USD 361.9 million by 2030.
- The UK market is expected to grow at a CAGR of 2.5% 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 2021 | USD 289.2 million |
| Market revenue in 2030 | USD 361.9 million |
| Growth rate | 2.5% (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 |
Other key industry trends
- In terms of revenue, UK accounted for 2.8% 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 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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UK 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 34.61% in 2021. Horizon Databook has segmented the UK 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.
As an initiative of HVAC improvement, the country recently introduced the concept of building environment zone control which are designed to monitors and automatically controls amount of cooling or heating, air ventilation, and other aspects of buildings.
Ethylene glycol and Propylene glycol-based heat transfer fluids are the most commonly used HTFs for HVAC application and the overall market of HTF is estimated to be driven by the aforementioned compounds across Germany.
In 2017, UK faced several challenges in its oil & gas sector, post which the country took several reforms to maximize its economic recovery, ensure long-term sustainability and improve competitiveness in the field.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into UK heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK heat transfer fluids market size, by product, 2018-2030 (US$M)
UK Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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