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(Transportation-News.com, February 13, 2018 ) Heat transfer is a branch of science that deals with the exchange, use, generation, and conversion of thermal energy and heat. It is a substance which avoids the overheating of the electronic devices, and to store thermal energy. Heat transfer fluids have a wide range of applications like automotive, petroleum processing, and solar power plants. CSP (concentrated solar power) is the major contributor promoting the heat transfer fluid market growth. By considering the emerging economies the heat transfer fluids market is estimated to excel effectively. Increment in prices of raw materials is responsible for restraining the growth of market. The industry demand in this segment is said to be driven by its extensively used in industries where processes require a very high temperature such as plastics, spin, and weave, wood processing, chemical, and food. High thermal stability, physical and chemical resistance will lead to high growth during the forecasting period.
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Heat Transfer Fluid Market Top Players
• Dow (US)
• Eastman (US)
• Exxon Mobil (US)
• Chevron (US)
• Paratherm (US)
• BASF (Germany)
• Lanxess (Germany)
• Huntsman (US)
• Global Heat Transfer (UK).
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