U.S. Heat Transfer Fluids Market Size & Outlook, 2021-2030
U.S. heat transfer fluids market, 2018-2030 (US$M)
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U.S. heat transfer fluids market highlights
- The U.S. heat transfer fluids market generated a revenue of USD 2,024.2 million in 2021 and is expected to reach USD 2,858.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.9% 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 2,024.2 million |
| Market revenue in 2030 | USD 2,858.9 million |
| Growth rate | 3.9% (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, U.S. accounted for 19.6% 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 North America, U.S. heat transfer fluids market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,858.9 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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U.S. 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 36.57% in 2021. Horizon Databook has segmented the U.S. 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 U.S. has been one of the significant markets of concentrated solar power since the 1980s due to multiple companies investing in research and development activities in the country and formulating upgraded heat transfer fluids to suffice the growing needs of power generating and utilization.
The country strategically delivers its power outputs, by using CSP units for afternoons when the demand is particularly high for solar power generation and using coal or natural gas units for rest of the day, to maintain cost economy.
The country is also projected to grow its liquids and natural gas production over the foreseeable future as a result of shale resource development, regardless of relatively lower prices.
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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 U.S. heat transfer fluids market , including forecasts for subscribers. This country databook contains high-level insights into U.S. heat transfer fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. heat transfer fluids market size, by product, 2018-2030 (US$M)
U.S. Heat Transfer Fluids Market Outlook Share, 2021 & 2030 (US$M)
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