A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Heat
Transfer Oil
Market. The
study, titled “Heat
Transfer Oil Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Heat
transfer oil is stable paraffinic oil with high boiling point. It is
used in closed as well as open heat transfer systems. Demand for heat
transfer oil is high in industrial applications and household
equipment, including chemical plants, textile producers, process
industry, and oil filled radiators, as it offers properties such as
good thermal stability, low viscosity, good heat transfer, ease of
waste oil disposal, and high flash point. Heat transfer oil is also
used to prevent rusting in circulating oil systems. Its exceptional
stability helps prevent deposit formation inside piping and
guarantees minimal thermal cracking at high temperatures.
Browse
Market Research Report @
The
global heat transfer oil market can be segmented based on end-use
industry and region. In terms of end-use industry, the heat transfer
oil market can be divided into chemical, textile, cement, asphalt,
concentrated solar power, and oil & gas. The chemical industry is
the major end-use industry of heat transfer oil. The oil is used to
maintain equipment and furnace temperature in batch processes. Heat
transfer oil is primarily employed for tank heating and line tracing
applications in the asphalt industry. Heat transfer oil is used to
heat columns and reboilers in the oil & gas industry for the
purification of oil. The oil is usually employed in enclosed
circulated heat transfer systems in the textile industry.
The
heat transfer oil market is anticipated to expand significantly
during the forecast period owing to the increase in demand for the
oil in the chemical industry. Rise in demand for heat transfer oil in
concentrated solar power is estimated to drive the market for heat
transfer oil during the forecast period. Growth in the oil & gas
industry is also projected to propel the market for heat transfer oil
in the near future. Demand for heat transfer oil is high in the
cement market due to its characteristics of good conductivity and low
volatility. This has been boosting the heat transfer oil market.
Rapid growth in the asphalt market is also one of the key factors
augmenting the heat transfer oil market. However, volatility in raw
material prices is likely to hamper market growth. Furthermore,
implementation of stringent government regulations, particularly in
developed countries, is expected to adversely affect the heat
transfer oil market during the forecast period.
Based
on region, the heat transfer oil market can be segregated into North
America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. Europe is anticipated to dominate the global heat transfer
oil market, followed by Asia Pacific and North America, during the
forecast period. Rise in demand for heat transfer oil in concentrated
solar power in Europe is projected to boost the market for heat
transfer oil. Growth in the chemical industry in Asia Pacific is
likely to drive the market for heat transfer oil in the region. The
heat transfer oil market in Middle East & Africa and Latin
America is also estimated to expand substantially during the next few
years.
Companies
are adopting merger and acquisition strategies to expand their market
share. They are also shifting their production facilities to emerging
economies in Asia Pacific and Latin America due to the easy
availability of land, cheap labor, and governmental subsidies in
these regions. Key players operating in heat transfer oil market are
Royal Dutch Shell plc, Chevron Corporation, Schaeffer Manufacturing
Co., Millers Oils Ltd, The Maxol Group, Total Group, and Global Heat
Transfer.
Get
accurate market forecast and analysis on the Heat Transfer Oil
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Us
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment