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Thermic Fluids Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2012 To 2020

Industry Insights
Thermic fluids are extensively used in applications where high temperature of processing machines is to
be maintained and carry the heat energy produced during the process. These fluids have found vast
applications in major industrial applications. Major end-use industries of these fluids include
concentrated solar power (CSP), foods & beverages, pharmaceuticals, oil & gas, plastics, chemicals and
HVAC (heat, ventilation and air conditioning).
Increasing demand from these end-use applications is the key factor expected to surge thermic fluids
market growth over the forecast period. Growing production of CSP is the key factor anticipated to
boost thermic fluids demand over the next five years. Growing renewable energy demand coupled with
increasing awareness towards solar power is likely to augment the market growth over the foreseeable
period. Thermic fluids are used to improve the efficiency of CSP plants.
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Thermic fluids market is anticipated to witness strong growth on account of increasing demand from
CSP power plants. Furthermore, rapid growth in CSP power plants in countries such as U.S.A. and Spain
is expected to complement the market growth over the next five years. Increasing application scope of
thermic fluid in oil & gas industry is anticipated to have positive impact on the market growth over the
foreseeable period.
Growing awareness towards advantages of thermic fluid systems over steam systems is anticipated to
boost thermic fluids demand in near future. Rapid industrialization in BRICS is anticipated to boost oil &
gas demand, which directly impacts thermic fluids market positively over the next five years. However,
volatile raw material price is anticipated to hamper the market growth over the next five years.
Product Insights
Thermic fluids are basically classified into synthetic and non-synthetic fluids. Synthetic thermic fluids
include silicone and aromatics, while non-synthetic fluids include miner oils. Each of these fluids varies
based on their life time. Synthetic thermic fluids have longer life compared to non-synthetic thermic
fluids.
Mineral oil was the largest product segment of thermic fluids in 2013 followed by glycols. Mineral oils
are less refined and require least additives to protect fluid from corrosion. This advantageous factor is
likely to fuel the mineral oils demand in coming years. Glycols are best suited thermic fluids for low
temperature applications up to -50 C. Glycols are anticipated to witness the fastest growth over the
next five years on account of increasing demand from lower temperature application.
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Application Insights
Oil & gas industry was the largest application segment for thermic fluids market in 2013 followed by
CSP. Increasing demand for CSP power plants across the globe is the key factor likely to drive thermic
fluids market over the next five years. Thermic fluids are also used in foods & beverage industry which is
likely to push its demand in this industry over the foreseeable period.
In addition, FDA approval for application of food grade thermic fluids in foods & beverages industry is
the key factor anticipated to have positive light on market growth over the foreseeable period.
Moreover, growth of other end-use industries including pharmaceutical, plastics, chemicals and HVAC is
further expected to boost the demand over the next five years.

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Regional Insights
Europe was the largest regional market for thermic fluids in 2013 followed by North America. Asia
Pacific is anticipated to witness the fastest growth over the next five years owing to growing end-use
industries in emerging nations including India and China. Development in CSP power plant industries in
Middle East and South Africa is anticipated to surge the market growth in near future.
Competitive Insights
Thermic fluids market is highly concentrated market with less number of industry participants. Top
players in the market include The Dow chemical Company, Shell Chemicals, Solutia Inc. and Exxon Mobil
Corp. covered about 63% of the total market. Other market players include British petroleum, BASF SE,
Paratherm Corporation, Chevron Corporation and Multitherm LLC.
Table of Contents
Chapter 1 Executive Summary
1.1 Thermic Fluids - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Thermic Fluids Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Thermic Fluids Value Chain Analysis
2.4 Thermic Fluids Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Thermic Fluids - Company Market Share Analysis
2.8 Thermic Fluids - PESTEL Analysis
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Chapter 3 Thermic Fluids Product Outlook
3.1 Mineral Oils
3.2 Aromatics
3.3 Glycols
3.4 Silicones

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3.5 Other
Chapter 4 Thermic Fluids Application Outlook
4.1 Oil & Gas
4.2 Chemical Industry
4.3 CSP
4.4 Food & Beverages
4.5 Plastics
4.6 Pharmaceuticals
4.7 HVAC
4.8 Others
Chapter 5 Thermic Fluids Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
Chapter 6 Competitive Landscape
6.1 Dow Chemical Company
6.2 ExxonMobil
6.3 Solutia Inc.
6.4 British Petroleum
6.5 Royal Dutch Shell
6.6 BASF AG
6.7 Dynalene Inc.
6.8 Paratherm Corporation
6.9 Multitherm LLC
6.10 Kost USA Inc.
Chapter 7 Methodology & Scope
7.1 Research Methodology
7.2 Research Scope & Assumptions
7.3 List of Data Sources
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