1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKET SEGMENTATION 18
1.3.2 REGIONS COVERED 18
1.3.3 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 19
1.5 UNIT CONSIDERED 19
1.6 LIMITATIONS 19
1.7 STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 DATA TRIANGULATION 25
2.4 LIMITATIONS 26
2.5 ASSUMPTIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE HTFS MARKET 31
4.2 HTFS MARKET, BY TYPE 31
4.3 HTFS MARKET, BY END-USE INDUSTRY 32
4.4 APAC HTFS MARKET, BY END-USE INDUSTRY AND COUNTRY 32
4.5 HTFS MARKET, BY KEY COUNTRIES 33
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5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 High demand in the chemical industry 35
5.2.1.2 Increasing need for energy conservation 35
5.2.1.3 Improved performance of HTFs 36
5.2.2 RESTRAINTS 36
5.2.2.1 Fire and explosion hazards 36
5.2.3 OPPORTUNITIES 36
5.2.3.1 High growth potential in the CSP industry 36
5.2.3.2 High potential for the development of bio-based HTFs 37
5.2.4 CHALLENGES 37
5.2.4.1 Fluctuating raw material prices 37
5.3 PORTER’S FIVE FORCES ANALYSIS 38
5.3.1 THREAT OF NEW ENTRANTS 38
5.3.2 THREAT OF SUBSTITUTES 39
5.3.3 BARGAINING POWER OF BUYERS 39
5.3.4 BARGAINING POWER OF SUPPLIERS 39
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 39
5.4 MACROECONOMIC OVERVIEW 40
5.4.1 REAL GDP GROWTH RATE AND PER CAPITA GDP OF MAJOR ECONOMIES 40
5.4.2 TRENDS OF AUTOMOTIVE INDUSTRY 41
5.4.3 TRENDS OF RENEWABLE ENERGY INDUSTRY 42
5.4.4 TRENDS OF HVACR INDUSTRY 42
5.4.4.1 Demand for AC units in North America 42
5.4.4.2 Demand for AC units in Europe 43
5.4.4.3 Demand for AC units in APAC 43

6 HTFS MARKET, BY TYPE 44
6.1 INTRODUCTION 45
6.2 MINERAL OILS 46
6.2.1 LOW PRICE OF MINERAL OILS IS DRIVING THEIR DEMAND IN THE MARKET 46
6.3 SYNTHETIC FLUIDS 46
6.3.1 CHEMICAL/SYNTHETIC AROMATICS 46
6.3.1.1 Maximized oxidation resistance with minimized deposits will drive the demand for synthetic aromatics 46
6.3.2 SYNTHETICS (PAOS AND SILICONES) 47
6.3.2.1 Non-corrosive and durable properties are likely to spur the demand for synthetics-based HTFs 47
6.4 GLYCOLS 47
6.4.1 REDUCED WEAR AND MAINTENANCE, SOLUBILITY IN WATER AND LOW FREEZING POINTS LEAD TO HIGH DEMAND FOR GLYCOLS IN THE MARKET 47
6.5 OTHERS 47
6.5.1 MOLTEN SALTS 47
6.5.2 NANOFLUIDS 48
6.5.3 IONIC FLUIDS 48
6.5.4 BIO-BASED FLUIDS 48
6.5.5 FLUORINATED FLUIDS 48

7 HTFS MARKET, BY END-USE INDUSTRY 49
7.1 INTRODUCTION 50
7.2 CHEMICAL 51
7.2.1 WASTE HEAT RECOVERY 51
7.2.1.1 Optimized energy costs and reduced pollution are fueling the market for HTFs 51
7.2.2 PLASTIC PROCESSING 51
7.2.2.1 HTFs ability to control the broad range of temperature are fueling their market 51
7.3 OIL & GAS 52
7.3.1 NEED FOR ENERGY SAVING IS EXPECTED TO BOOST THE DEMAND FOR HTFS IN THE OIL & GAS INDUSTRY 52
7.4 FOOD & BEVERAGE 52
7.4.1 REDUCED OPERATING COSTS AND EFFICIENT PRODUCTION ARE LIKELY TO DRIVE THE MARKET IN THIS SEGMENT 52
7.5 PHARMACEUTICALS 52
7.5.1 REQUIREMENT OF PRECISE TEMPERATURE CONTROL ACROSS COOLING AND HEATING APPLICATIONS ARE EXPECTED TO DRIVE THE MARKET IN THIS END-USE INDUSTRY 52
7.6 RENEWABLE ENERGY 53
7.6.1 CSP 53
7.6.1.1 Rising demand for clean energy is driving the CSP industry, which, in turn, is boosting the demand for HTFs 53
7.6.2 BIODIESEL PRODUCTION 53
7.6.2.1 Temperature control capability without compromising the product quality will positively influence the demand for HTFs 53
7.6.3 WIND TURBINE 53
7.6.3.1 Need for energy storage and heat transfer in wind turbines are expected to drive the HTFs market 53
7.6.4 GEOTHERMAL 54
7.6.4.1 Heat exchangers and heat pumps demand HTFs on a large scale 54
7.7 AUTOMOTIVE 54
7.7.1 EXCELLENT HEAT TRANSFER PROPERTIES OF HTFS WILL DRIVE THE MARKET IN THE AUTOMOTIVE INDUSTRY 54
7.8 HVACR 54
7.8.1 IMPROVED PERFORMANCE & LONGEVITY ALONG WITH REDUCED MAINTENANCE COSTS OF EQUIPMENT DUE TO THE USE OF HTFS INFLUENCE THE MARKET POSITIVELY 54
7.9 OTHERS 54

8 HTFS MARKET, BY REGION 55
8.1 INTRODUCTION 56
8.2 APAC 58
8.2.1 CHINA 60
8.2.1.1 Industrial growth in the country is driving the HTFs market 60
8.2.2 INDIA 61
8.2.2.1 Growing industrialization to propel the HTFs demand 61
8.2.3 JAPAN 63
8.2.3.1 Highly developed industries in Japan will boost market growth 63
8.2.4 SOUTH KOREA 64
8.2.4.1 Focus on clean energy production is driving the renewable energy sector thus increasing the demand for HTFs 64
8.2.5 INDONESIA 65
8.2.5.1 Growth of the manufacturing sector in the country is anticipated to spur the demand for HTFs 65
8.2.6 THAILAND 67
8.2.6.1 Developing industries are expected to drive the HTFs market in Thailand 67
8.2.7 REST OF APAC 68
8.3 EUROPE 69
8.3.1 GERMANY 72
8.3.1.1 Large industrial base is likely to drive the HTFs market in Germany 72
8.3.2 RUSSIA 73
8.3.2.1 Increasing industrial output, large export base, and urbanization are estimated to drive the HTFs market 73
8.3.3 FRANCE 74
8.3.3.1 Well-developed industrial infrastructure is expected to lead to market growth in France 74
8.3.4 UK 76
8.3.4.1 The growth of the industrial sector is expected to spur the demand for HTFs 76
8.3.5 ITALY 77
8.3.5.1 Rapid industrialization is expected to boost the growth of the market in the country 77
8.3.6 REST OF EUROPE 78
8.4 NORTH AMERICA 80
8.4.1 US 82
8.4.1.1 Advancement in manufacturing and an increase in exports are estimated to drive the HTFs market 82
8.4.2 CANADA 83
8.4.2.1 Increasing presence of chemical and renewable energy industries is likely to influence the market in Canada positively 83
8.4.3 MEXICO 85
8.4.3.1 Growing industrial landscape in Mexico is estimated to drive the
HTFs market 85
8.5 MIDDLE EAST & AFRICA 86
8.5.1 SAUDI ARABIA 88
8.5.1.1 Growing industrialization is expected to spur the demand for HTFs 88
8.5.2 UAE 89
8.5.2.1 Expansion of renewable energy sector is likely to increase
the demand for HTFs 89
8.5.3 REST OF THE MIDDLE EAST & AFRICA 90
8.6 SOUTH AMERICA 91
8.6.1 BRAZIL 93
8.6.1.1 Strong industrial base in the country will boost the growth of
the market 93
8.6.2 ARGENTINA 94
8.6.2.1 Growth of renewable energy is expected to spur the demand for HTFs 94
8.6.3 REST OF SOUTH AMERICA 96
9 COMPETITIVE LANDSCAPE 97
9.1 OVERVIEW 97
9.2 COMPETITIVE LEADERSHIP MAPPING, 2018 98
9.2.1 DYNAMIC DIFFERENTIATORS 98
9.2.2 INNOVATORS 98
9.2.3 VISIONARY LEADERS 98
9.2.4 EMERGING PLAYERS 98
9.2.5 STRENGTH OF PRODUCT PORTFOLIO 100
9.2.6 BUSINESS STRATEGY EXCELLENCE 101
9.3 RANKING OF KEY PLAYERS 102
9.4 COMPETITIVE SCENARIO 103
9.4.1 NEW PRODUCT LAUNCH 103
9.4.2 INVESTMENT & EXPANSION 104
9.4.3 MERGER & ACQUISITION 104
10 COMPANY PROFILES 105
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 THE DOW CHEMICAL COMPANY 105
10.2 EXXONMOBIL 108
10.3 EASTMAN CHEMICAL COMPANY 111
10.4 CHEVRON 114
10.5 HUNTSMAN CORPORATION 117
10.6 LANXESS 119
10.7 ROYAL DUTCH SHELL PLC. 121
10.8 PARATHERM 123
10.9 SCHULTZ CANADA CHEMICALS, LTD. 125
10.10 CLARIANT 127
10.11 OTHER KEY PLAYERS 129
10.11.1 SASOL 129
10.11.2 ARKEMA 129
10.11.3 GLOBAL HEAT TRANSFER LTD. 129
10.11.4 BP 129
10.11.5 DYNALENE, INC 129
10.11.6 BASF 129
10.11.7 ISEL 130
10.11.8 PHILLIPS 66 130
10.11.9 DALIAN RICHFORTUNE CHEMICALS 130
10.11.10 HINDUSTAN PETROLEUM CORPORATION LTD. 130
10.11.11 INDIAN OIL CORPORATION LTD. 130
10.11.12 RADCO INDUSTRIES 130
10.11.13 PETRO-CANADA 131
10.11.14 PARAS LUBRICANTS LIMITED 131
10.11.15 SCHAEFFER SPECIALIZED LUBRICANTS 131
10.11.16 DUPONT TATE & LYLE 131
10.11.17 SOLVAY 131
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11 APPENDIX 132
11.1 DISCUSSION GUIDE 132
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 136
11.3 AVAILABLE CUSTOMIZATIONS 138
11.4 RELATED REPORTS 138
11.5 AUTHOR DETAILS 139