Research and Markets: Global Heat Transfer Fluids Market to 2016: Increased Utilization of HTF in CSP Applications - A Major Driver in the Market

Business Wire

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/lcw8mz/global_heat) has announced the addition of the "Global Heat Transfer Fluids Market to 2016" report to their offering.

The Global Heat Transfer Fluids market to grow at a CAGR of 7.44 percent over the period 2012-2016.

Globally, more and more multinational corporations are striving to become greener and adopt environmentally sustainable business practices. Manufacturers are giving more weight to the issues related to the toxicity and life cycle impact of their products. HTF have been developed based on renewable raw materials such as bio-based propylene glycol, which can effectively replace petroleum-based HTF. For instance, KOST USA Inc. and Archer Daniels Midland Company have developed a BioChill line of HTF, which has helped them to reduce their carbon footprint. Similarly, DuPont Tate & Lyle BioProducts LLC has developed the Greenway line of bio-based HTF, manufactured by The Dehon Group from 100 percent bio-based glycol. Thus, the development of eco-friendly bio-based HTF is influencing the growth of the Global HTF market in a major way.

According to the report, one of the major drivers in this market is the increased utilization of HTF in CSP applications. The growth of the CSP Energy Generation sector is fuelled by the increasing demand for sustainable sources of energy, which, in turn, has boosted the growth of the Global HTF market.

Further, the report states that one of the major challenges in this market is the rising raw material costs. The market is highly influenced by the shortage and rise in price of raw materials, such as benzene and glycols.

Market Segments:

  • Silicone and Aromatics
  • Mineral Oils
  • PAG and Glycol-based
  • Molten Salts
  • 07.2 Market Segmentation by Applications
  • Oil and Gas
  • CSP Generation
  • Manufacturing Processes
  • Waste Heat Recovery

The key vendors dominating this space include:

  • British Petroleum plc
  • Eastman Chemical Company
  • Exxon Mobil Corp.
  • Royal Dutch Shell plc
  • The Dow Chemical Company.

The other vendors mentioned in this report are

  • BASF Group
  • Dynalene Inc
  • Kost USA Inc
  • MultiTherm LLC
  • Paratherm Corporation.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Introduction

04. Market Research Methodology

05. Scope of the Report

06. Market Landscape

07. Market Segmentation

08. Geographical Segmentation

09. Vendor Landscape

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/lcw8mz/global_heat.

Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Chemicals
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