TechNavio recognizes the following companies as the key players in the Global Heat Transfer Fluids Market: BASF Group, British Petroleum plc, Dynalene Inc., Eastman Chemical Company, ExxonMobil Corp., Kost USA Inc., MultiTherm LLC, Paratherm Corporation, Royal Dutch Shell plc, and The Dow Chemical Company.
Commenting on the report, an analyst from TechNavio’s team said: “Globally, more and more multinational corporations are striving to become greener and adopt environmentally sustainable business practices. Manufacturers are giving more weight to the issues related to the toxicity and life cycle impact of their products. HTF have been developed based on renewable raw materials such as bio-based propylene glycol, which can effectively replace petroleum-based HTF. For instance, KOST USA Inc. and Archer Daniels Midland Company have developed a BioChill line of HTF, which has helped them to reduce their carbon footprint. Similarly, DuPont Tate & Lyle BioProducts LLC has developed the Greenway line of bio-based HTF, manufactured by The Dehon Group from 100 percent bio-based glycol. Thus, the development of eco-friendly bio-based HTF is influencing the growth of the Global HTF market in a major way.”
According to the report, one of the major drivers in this market is the increased utilization of HTF in CSP applications. The growth of the CSP Energy Generation sector is fuelled by the increasing demand for sustainable sources of energy, which in turn has boosted the growth of the Global HTF market.
Further, the report states that one of the major challenges in this market is the rising raw material costs. The market is highly influenced by the shortage and rise in price of raw materials, such as benzene and glycols.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-heat-transfer-fluids-market-2012-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Heat Transfer Fluids Market 2012-2016
