Heat Transfer Fluids Market Is Likely To Up Demand At A USD 14.2 Billion By 2030
San Francisco, 8 Dec 2023: The Report Heat Transfer Fluids Market Size, Share & Trends Analysis Report By Product (Silicone Fluids, Aromatic Fluids, Mineral Oils), By Application (Oil & Gas, Chemical Industry, CSP, Food & Beverages), By Region, And Segment Forecasts, 2023 - 2030 The global heat transfer fluids market size is projected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 3.2% during the forecast period. The growing demand from the manufacturing and energy sectors is expected to drive the global market. Thermal oils are typically formulated from petrochemicals and mineral oils, which eventually harm the environment in terms of recyclability, biodegradability, and aqueous toxicity. Due to multiple strict regulations laid down by governments across the globe, the growth of heat transfer fluids (HTFs) has taken a hit. Major innovators in the field are trying to bring imminent changes in the product