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Thermic Fluid Market is Expected to Reach USD 2.78 Billion Globally by 2018: Transparency Market Research

Europe was the largest market with 31.6% share of total thermic fluid consumed globally in 2011, and is closely followed by North America and Asia-Pacific. In terms of revenue, the North American market is expected to be worth USD 867.3 million by 2018, growing at a CAGR of 7.4% from 2012 to 2018. Asia-Pacific is expected to be the fastest growing market, growing at a CAGR of 6.5% from 2012 to 2018. Growing end use industries such as CSP and pharmaceuticals are expected to boost the market of thermic fluids in Asia-Pacific.

Some of the leading participants in the global market include multinational corporations such as Dow Chemical Company, Exxon Mobil, Royal Dutch Shell , British Petroleum, and Solutia. Other companies operating in the market include Paratherm Corporation, Dynalene Inc., Multitherm LLC and Kost U.S.A. Inc. among some others.

The report segments the global thermic fluid market as follows:

  1. Thermic Fluid Market, by Product Type:
  2. Silicone and Aromatic
  3. Mineral Oil based Fluids
  4. Glycol based Fluids
  5. Other (including molten salts and HFPE)
  6. Thermic Fluid Market, by Application:
  7. Oil and Gas
  8. Chemical industry
  9. CSP
  10. Food and Beverages
  11. Plastics
  12. Pharmaceuticals
  13. HVAC
  14. Other (including transport, biodiesel, waste heat recovery, etc)
  15. Thermic Fluid Market, by Geography
  16. North America
  17. Europe
  18. Asia Pacific
  19. Rest of the World (ROW)

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SOURCE Transparency Market Research
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