Market Overview:
The global food grade heat transfer fluid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food grade heat transfer fluids from the food processing and beverage processing industries. In addition, the growing pharmaceutical industry is also expected to drive the demand for food grade heat transfer fluids in the coming years. The global food grade heat transfer fluid market can be segmented on the basis of type, application, and region. On the basis of type, synthetic alkylate accounted for a major share ofthe global market in 2017.
Product Definition:
Food grade heat transfer fluid is a specialized type of oil used in commercial kitchens and food processing plants to prevent the accidental contamination of food with harmful chemicals. The fluid is typically flavorless and odorless, making it ideal for use in close proximity to food products. It also has a high boiling point, which makes it an effective coolant.
Synthetic Alkylate:
Synthetic Alkylate is a colorless liquid with an odor similar to that of gasoline. It is usually manufactured by the catalytic oxidation of ethylene. The major application in food grade heat transfer fluids (HTRF) market is for the production of propylene glycol, which has high usage in processed foods and beverages as a preservative and sweetener.
Mineral Oil:
Mineral oil is a colorless and tasteless liquid derived from petroleum. It is commonly used as an inexpensive cooking medium in food grade heat transfer fluids. The fluid consists of around 40% mineral oil by volume, with the remaining 60% being water, which makes it highly miscible with other liquids.
The product offers several advantages over conventional counterparts such as low smoke point (around 400°F), high flash point (around 450°F),.
Application Insights:
The global food grade heat transfer fluids market has been segmented on the basis of application into food processing, beverage processing, pharmaceutical and others. The food processing application led the market in 2017 and is projected to maintain its dominance over the forecast period. This can be attributed to factors such as increasing demand for frozen foods across various regions coupled with a growing population that is increasingly demanding convenient and healthy foods.
Beverage processors are also likely to witness significant growth owing to rapid urbanization along with rising disposable income levels in developing countries including China India Indonesia Vietnam Argentina Brazil etcetera. Furthermore, governments from various countries have implemented policies aimed at encouraging foreign direct investments (FDI) in order to develop new markets for domestic products thereby driving industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a significant share of global population, which makes it a key consumer of food grade heat transfer fluids. China, India, Japan and South Korea are among the largest consumers of these products in this region owing to their fast-growing industrial sector including food processing as well as automotive industry.
The demand for synthetic alkylate based fluids is anticipated to grow at a rapid pace due to increasing application scope in various end-use industries such as metalworking, oil & gas exploration and manufacturing across several Asian countries such as China and India on account of rising urbanization along with growing population has resulted into increased consumption patterns that require more processed foods along with automobiles being manufactured using eco-friendly methods that consume less energy thus resulting into high demand for GHTFs over the forecast period.
Growth Factors:
- Increasing demand for food grade heat transfer fluids from the food and beverage industry as a result of the growth in this sector.
- The increasing use of food grade heat transfer fluids in various end-use industries such as pharmaceuticals, cosmetics, and others is expected to fuel the market growth over the forecast period.
- Growing awareness about the benefits offered by food grade heat transfer fluids is projected to boost their demand over the next few years.
- Rising investments by key players in research and development activities to develop new products is likely to propel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Heat Transfer Fluid Market Research Report
By Type
Synthetic Alkylate, Mineral Oil, Others
By Application
Food Processing, Beverage Processing, Pharmaceutical, Others
By Companies
Global Heat Transfer, Dow, Exxon Mobil, Paratherm, Duratherm, MultiTherm, Isel, HollyFrontier, Eastman, FUCHS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Heat Transfer Fluid Market Report Segments:
The global Food Grade Heat Transfer Fluid market is segmented on the basis of:
Types
Synthetic Alkylate, Mineral Oil, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Processing, Beverage Processing, Pharmaceutical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Global Heat Transfer
- Dow
- Exxon Mobil
- Paratherm
- Duratherm
- MultiTherm
- Isel
- HollyFrontier
- Eastman
- FUCHS
Highlights of The Food Grade Heat Transfer Fluid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic Alkylate
- Mineral Oil
- Others
- By Application:
- Food Processing
- Beverage Processing
- Pharmaceutical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Heat Transfer Fluid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade heat transfer fluid is a type of oil that is used to help transfer heat from one object to another. It is often used in cooking and baking because it has a high thermal conductivity. This means that it can quickly move heat through the food or liquid that it is being applied to, which helps to prevent any temperature fluctuations from happening.
Some of the major companies in the food grade heat transfer fluid market are Global Heat Transfer, Dow, Exxon Mobil, Paratherm, Duratherm, MultiTherm, Isel, HollyFrontier, Eastman, FUCHS.
The food grade heat transfer fluid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Heat Transfer Fluid Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Food Grade Heat Transfer Fluid Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Food Grade Heat Transfer Fluid Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Food Grade Heat Transfer Fluid Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Food Grade Heat Transfer Fluid Market Size & Forecast, 2018-2028 4.5.1 Food Grade Heat Transfer Fluid Market Size and Y-o-Y Growth 4.5.2 Food Grade Heat Transfer Fluid Market Absolute $ Opportunity
Chapter 5 Global Food Grade Heat Transfer Fluid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Grade Heat Transfer Fluid Market Size Forecast by Type
5.2.1 Synthetic Alkylate
5.2.2 Mineral Oil
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade Heat Transfer Fluid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Grade Heat Transfer Fluid Market Size Forecast by Applications
6.2.1 Food Processing
6.2.2 Beverage Processing
6.2.3 Pharmaceutical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Heat Transfer Fluid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Heat Transfer Fluid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Grade Heat Transfer Fluid Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade Heat Transfer Fluid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Grade Heat Transfer Fluid Market Size Forecast by Type
9.6.1 Synthetic Alkylate
9.6.2 Mineral Oil
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Grade Heat Transfer Fluid Market Size Forecast by Applications
9.10.1 Food Processing
9.10.2 Beverage Processing
9.10.3 Pharmaceutical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Grade Heat Transfer Fluid Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade Heat Transfer Fluid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Grade Heat Transfer Fluid Market Size Forecast by Type
10.6.1 Synthetic Alkylate
10.6.2 Mineral Oil
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Grade Heat Transfer Fluid Market Size Forecast by Applications
10.10.1 Food Processing
10.10.2 Beverage Processing
10.10.3 Pharmaceutical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Grade Heat Transfer Fluid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade Heat Transfer Fluid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Grade Heat Transfer Fluid Market Size Forecast by Type
11.6.1 Synthetic Alkylate
11.6.2 Mineral Oil
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Grade Heat Transfer Fluid Market Size Forecast by Applications
11.10.1 Food Processing
11.10.2 Beverage Processing
11.10.3 Pharmaceutical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Grade Heat Transfer Fluid Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade Heat Transfer Fluid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Grade Heat Transfer Fluid Market Size Forecast by Type
12.6.1 Synthetic Alkylate
12.6.2 Mineral Oil
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Grade Heat Transfer Fluid Market Size Forecast by Applications
12.10.1 Food Processing
12.10.2 Beverage Processing
12.10.3 Pharmaceutical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Grade Heat Transfer Fluid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade Heat Transfer Fluid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Grade Heat Transfer Fluid Market Size Forecast by Type
13.6.1 Synthetic Alkylate
13.6.2 Mineral Oil
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Grade Heat Transfer Fluid Market Size Forecast by Applications
13.10.1 Food Processing
13.10.2 Beverage Processing
13.10.3 Pharmaceutical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Heat Transfer Fluid Market: Competitive Dashboard
14.2 Global Food Grade Heat Transfer Fluid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Global Heat Transfer
14.3.2 Dow
14.3.3 Exxon Mobil
14.3.4 Paratherm
14.3.5 Duratherm
14.3.6 MultiTherm
14.3.7 Isel
14.3.8 HollyFrontier
14.3.9 Eastman
14.3.10 FUCHS