Market Overview:
The global low temperature heat transfer fluid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for low temperature heat transfer fluids in food processing, commercial refrigeration, and geothermal applications. In terms of type, the polyalkylene glycol (PAG) segment is expected to lead the market during the forecast period. This can be attributed to its properties such as high thermal stability and non-toxicity which make it suitable for use in various applications. In terms of region, North America is expected to lead the market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A low temperature heat transfer fluid is a substance that is used to transfer thermal energy from one area to another. It is important because it can help keep things such as machinery or equipment cool, which can improve performance and extend the life of the item.
Polyalkylene Glycol (PAG):
Polyalkylene glycol (PAG) is a transparent, odorless, viscous liquid that is largely used in the production of heat transfer fluids. It has high compatibility with various materials and chemicals and provides excellent thermal stability to these composites. PAG exhibits low volatility at both high & low temperatures which makes it suitable for usage in various applications including plastics & rubber processing industries.
Ethylene Glycol:
Ethylene glycol is a colorless, viscous, flammable liquid that is mainly used as a solvent. It has excellent solubilizing power for most of the liquids and is also non-toxic in nature. The product can be produced by both natural gas and petrochemical processes. In addition to being used as an industrial solvent, it finds application in various sectors including pharmaceuticals, cosmetics & personal care products manufacturing among others.
Application Insights:
The food processing application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for low temperature heat transfer fluids in frozen foods, processed meats, bakery products, and dairy products industries.
Commercial refrigeration is another significant segment that contributes toward revenue growth on a positive note for industry participants. Increasing disposable income levels coupled with rising consumer preference for cold beverages are expected to drive demand over the coming years. Increasing investments in geothermal energy production are likely to provide new avenues for LTHT fluids manufacturers across developing economies including China India Japan South Korea Australia New Zealand Mexico Chile Argentina Vietnam Indonesia Malaysia Philippines Saudi Arabia and others over the forecast period thereby driving industry expansion positively overall during this timeframe as well as into early next decade (2030-2029).
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 major share of global population, which makes it one of the most influential markets in terms of consumption as well as production. China, India, Japan and South Korea are some of the largest consumers across this region owing to high demand from end-use industries such as food processing and pharmaceuticals.
The growing industrialization coupled with rapid urbanization has resulted in an increased need for energy efficient cooling solutions across Asia Pacific countries such as India, Indonesia and Malaysia among others. In addition, rising awareness regarding health & safety standards within end-user facilities is anticipated to drive product demand over this period.
Europe was estimated at USD X million in 2017 owing to presence of key manufacturers including BASF SE; Chevron Phillips Chemical Co.
Growth Factors:
- Increasing demand for low temperature heat transfer fluids in various industrial applications is expected to drive the market growth.
- Growing awareness about the benefits of using low temperature heat transfer fluids is anticipated to propel the market growth.
- Rising demand for energy-efficient and environment-friendly technologies is projected to boost the market growth over the forecast period.
- Technological advancements in low temperature heat transfer fluids are likely to create new opportunities for market players in near future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Temperature Heat Transfer Fluid Market Research Report
By Type
Polyalkylene Glycol (PAG), Ethylene Glycol, Silicone, Others
By Application
Food Processing, Commercial Refrigeration, Geothermal, Others
By Companies
Paratherm, Duratherm, Isel, HollyFrontier, Dynalene, Eastman, Global Heat Transfer, MultiTherm, Dow, Recochem
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Low Temperature Heat Transfer Fluid Market Report Segments:
The global Low Temperature Heat Transfer Fluid market is segmented on the basis of:
Types
Polyalkylene Glycol (PAG), Ethylene Glycol, Silicone, 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, Commercial Refrigeration, Geothermal, 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:
- Paratherm
- Duratherm
- Isel
- HollyFrontier
- Dynalene
- Eastman
- Global Heat Transfer
- MultiTherm
- Dow
- Recochem
Highlights of The Low Temperature 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:
- Polyalkylene Glycol (PAG)
- Ethylene Glycol
- Silicone
- Others
- By Application:
- Food Processing
- Commercial Refrigeration
- Geothermal
- 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 Low Temperature 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Low temperature heat transfer fluid is a type of fluid used to transfer heat between two objects. It is typically used in cold environments, such as data centers and factories. Low temperature heat transfer fluids are often made from oils or glycols, and they are often liquid at room temperatures but become a solid when cooled below about 32 degrees Fahrenheit (0 degrees Celsius).
Some of the major players in the low temperature heat transfer fluid market are Paratherm, Duratherm, Isel, HollyFrontier, Dynalene, Eastman, Global Heat Transfer, MultiTherm, Dow, Recochem.
The low temperature 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 Low Temperature 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 Low Temperature Heat Transfer Fluid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Temperature 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 Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size & Forecast, 2018-2028
4.5.1 Low Temperature Heat Transfer Fluid Market Size and Y-o-Y Growth
4.5.2 Low Temperature Heat Transfer Fluid Market Absolute $ Opportunity
Chapter 5 Global Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Type
5.2.1 Polyalkylene Glycol (PAG)
5.2.2 Ethylene Glycol
5.2.3 Silicone
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Applications
6.2.1 Food Processing
6.2.2 Commercial Refrigeration
6.2.3 Geothermal
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Temperature 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 Low Temperature 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 Low Temperature Heat Transfer Fluid Analysis and Forecast
9.1 Introduction
9.2 North America Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Type
9.6.1 Polyalkylene Glycol (PAG)
9.6.2 Ethylene Glycol
9.6.3 Silicone
9.6.4 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Applications
9.10.1 Food Processing
9.10.2 Commercial Refrigeration
9.10.3 Geothermal
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 Low Temperature Heat Transfer Fluid Analysis and Forecast
10.1 Introduction
10.2 Europe Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Type
10.6.1 Polyalkylene Glycol (PAG)
10.6.2 Ethylene Glycol
10.6.3 Silicone
10.6.4 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Applications
10.10.1 Food Processing
10.10.2 Commercial Refrigeration
10.10.3 Geothermal
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 Low Temperature Heat Transfer Fluid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Type
11.6.1 Polyalkylene Glycol (PAG)
11.6.2 Ethylene Glycol
11.6.3 Silicone
11.6.4 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Applications
11.10.1 Food Processing
11.10.2 Commercial Refrigeration
11.10.3 Geothermal
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 Low Temperature Heat Transfer Fluid Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Temperature 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Type
12.6.1 Polyalkylene Glycol (PAG)
12.6.2 Ethylene Glycol
12.6.3 Silicone
12.6.4 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 Low Temperature Heat Transfer Fluid Market Size Forecast by Applications
12.10.1 Food Processing
12.10.2 Commercial Refrigeration
12.10.3 Geothermal
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) Low Temperature Heat Transfer Fluid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Temperature 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) Low Temperature Heat Transfer Fluid Market Size Forecast by Type
13.6.1 Polyalkylene Glycol (PAG)
13.6.2 Ethylene Glycol
13.6.3 Silicone
13.6.4 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) Low Temperature Heat Transfer Fluid Market Size Forecast by Applications
13.10.1 Food Processing
13.10.2 Commercial Refrigeration
13.10.3 Geothermal
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 Low Temperature Heat Transfer Fluid Market: Competitive Dashboard
14.2 Global Low Temperature Heat Transfer Fluid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Paratherm
14.3.2 Duratherm
14.3.3 Isel
14.3.4 HollyFrontier
14.3.5 Dynalene
14.3.6 Eastman
14.3.7 Global Heat Transfer
14.3.8 MultiTherm
14.3.9 Dow
14.3.10 Recochem
