Heat Transfer Fluids Industry The global heat transfer fluids market size was estimated at USD 11.06 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030. The rapid adoption of concentrated solar power globally is one of the major factors driving demand. Heat transfer fluids are industrial products derived from petroleum sources that...

Heat Transfer Fluids Industry 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...

The global heat transfer fluids market was estimated to be valued at approximately USD 11.06 billion in 2023, with expectations to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030. One of the key factors driving this demand is the rapid adoption of concentrated solar power (CSP) technologies worldwide. Heat transfer fluids (HTFs) are industrial products derived...