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Global Thermic Fluids Market to Reach US$5.4 Billion by 2030

The global market for Thermic Fluids estimated at US$4.0 Billion in the year 2024, is expected to reach US$5.4 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2024-2030. Silicone and Aromatic Based Thermic Fluid, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Mineral Oils Based Thermic Fluid segment is estimated at 5.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.1 Billion While China is Forecast to Grow at 4.9% CAGR

The Thermic Fluids market in the U.S. is estimated at US$1.1 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$854.9 Million by the year 2030 trailing a CAGR of 4.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.8% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Thermic Fluids Market - Key Trends & Drivers Summarized

What Are Thermic Fluids and Why Are They Essential in Various Industrial Applications?

Thermic fluids, also known as heat transfer fluids, are specialized liquids used in heating and cooling systems to transfer heat efficiently in various industrial applications. These fluids are formulated to have specific thermal properties, such as high thermal stability, low viscosity, and excellent heat transfer capabilities, which make them suitable for a wide range of operations. Common applications of thermic fluids include heating processes in chemical manufacturing, oil and gas extraction, food processing, and HVAC systems, among others. The most widely used thermic fluids include mineral oils, synthetic fluids, and water-based solutions, each tailored to meet the requirements of specific processes and temperature ranges.

The global adoption of thermic fluids is driven by the increasing demand for energy efficiency and process optimization across industries. As businesses seek to enhance their operational efficiency and reduce energy consumption, the need for effective heat transfer solutions has become paramount. Thermic fluids enable industries to maintain optimal temperatures during manufacturing processes, ensuring consistent product quality and minimizing energy losses. The ability of thermic fluids to operate at high temperatures and provide stable thermal transfer is critical for applications such as concentrated solar power (CSP), where efficient heat transfer is essential for generating electricity. This growing emphasis on energy efficiency and sustainability is propelling the expansion of the global thermic fluids market.

How Are Technological Advancements Shaping the Development and Application of Thermic Fluids?

Technological advancements are significantly enhancing the performance and formulation of thermic fluids, making them more efficient, durable, and environmentally friendly. One of the most notable innovations in this field is the development of synthetic thermic fluids designed to withstand extreme temperatures while maintaining their thermal properties. These synthetic fluids often offer superior thermal stability, a wider temperature operating range, and improved heat transfer efficiency compared to traditional mineral oils. Innovations in formulation chemistry have led to the creation of fluids that are specifically engineered for particular applications, such as high-temperature heat transfer or low-temperature chilling, thereby broadening the scope of thermic fluids in various industrial processes.

Another key technological advancement driving the thermic fluids market is the incorporation of advanced monitoring and control systems in heating and cooling applications. Smart sensors and IoT-enabled technologies are increasingly being integrated into thermic fluid systems to monitor temperature, pressure, and fluid condition in real-time. This connectivity allows operators to optimize system performance, reduce maintenance costs, and prevent overheating or system failures. By leveraging data analytics, industries can make informed decisions about fluid management, predict maintenance needs, and enhance the overall efficiency of thermal systems. These advancements in monitoring and control technologies are shaping the future of thermic fluids by improving operational efficiency and reliability.

Furthermore, the development of biodegradable and environmentally friendly thermic fluids is gaining traction as industries prioritize sustainability and regulatory compliance. Manufacturers are exploring bio-based alternatives that minimize environmental impact while providing effective heat transfer capabilities. These eco-friendly thermic fluids are derived from renewable resources, reducing dependence on fossil fuels and lowering carbon footprints. The growing focus on sustainability and compliance with environmental regulations is driving the demand for innovative thermic fluids that meet the needs of environmentally conscious consumers and businesses. As the industry continues to evolve, the integration of sustainable practices in the formulation and application of thermic fluids is expected to play a critical role in market growth.

What Factors Are Driving the Adoption of Thermic Fluids Across Various Industries?

The adoption of thermic fluids is being driven by several key factors, including the increasing demand for energy-efficient solutions, the growing need for process optimization, and the expanding applications of thermic fluids in emerging industries. One of the primary drivers is the increasing demand for energy-efficient solutions across industrial sectors. As companies face rising energy costs and heightened pressure to reduce carbon emissions, the optimization of heating and cooling processes has become a priority. Thermic fluids facilitate efficient heat transfer, helping industries maintain optimal temperatures while minimizing energy consumption. This focus on energy efficiency is particularly strong in sectors such as chemical processing, food production, and manufacturing, where thermic fluids play a crucial role in operational efficiency and cost savings. The demand for energy-efficient thermic fluids is driving their adoption as industries seek to enhance performance and sustainability.

Another significant factor influencing the adoption of thermic fluids is the growing need for process optimization in various applications. Industries are continually seeking to improve their production processes and achieve better product quality, which requires effective temperature control and heat management. Thermic fluids enable precise temperature regulation, ensuring that manufacturing processes operate within specified thermal parameters. This capability is especially important in industries such as pharmaceuticals and food processing, where temperature control directly impacts product quality and safety. The demand for process optimization is driving the adoption of thermic fluids as industries recognize their importance in achieving operational excellence and meeting product specifications.

Moreover, the expanding applications of thermic fluids in emerging industries are driving their adoption across various regions. The growth of industries such as renewable energy, particularly concentrated solar power (CSP), is creating new opportunities for thermic fluid usage. CSP systems rely on efficient heat transfer to generate electricity, making high-performance thermic fluids essential for optimal operation. Additionally, the increasing adoption of thermic fluids in electric vehicle (EV) battery cooling systems highlights their versatility in new markets. As the demand for thermic fluids expands in these emerging applications, manufacturers are investing in innovative formulations and solutions to cater to diverse industry needs, further supporting market growth.

What Is Driving the Growth of the Global Thermic Fluids Market?

The growth in the global Thermic Fluids market is driven by several factors, including rising investments in energy efficiency initiatives, increasing demand for high-temperature applications, and the growing emphasis on sustainability and environmental compliance. One of the primary growth drivers is the rising investment in energy efficiency initiatives by governments and organizations worldwide. As global energy consumption continues to rise, there is a strong emphasis on improving energy efficiency across industries to mitigate environmental impacts and reduce costs. Governments are implementing policies and incentives aimed at promoting energy-efficient practices, which include the adoption of advanced thermal management solutions. The demand for thermic fluids that enhance energy efficiency and thermal performance is increasing as companies seek to comply with energy efficiency mandates and optimize their operations.

Another significant driver of market growth is the increasing demand for high-temperature applications in industries such as petrochemicals, metal processing, and renewable energy. Thermic fluids capable of withstanding elevated temperatures without degrading are essential for these applications, ensuring reliable and efficient heat transfer. As industries strive to enhance their processes and improve operational efficiency, the demand for high-performance thermic fluids that can operate effectively at high temperatures is expected to rise. This trend is particularly evident in the growing concentrated solar power sector, where thermic fluids play a critical role in maximizing energy conversion efficiency.

Moreover, the growing emphasis on sustainability and environmental compliance is supporting the growth of the thermic fluids market. As industries face increasing scrutiny regarding their environmental impact, there is a rising demand for thermic fluids that minimize ecological footprints and comply with sustainability standards. Innovations in bio-based thermic fluids and eco-friendly formulations are becoming more prevalent as manufacturers seek to align their products with environmentally responsible practices. The focus on sustainability is expected to drive demand for thermic fluids that meet eco-friendly criteria, contributing to the growth of the market.

Furthermore, advancements in technology and the integration of smart monitoring systems are shaping the growth of the thermal fluids market. The increasing availability of smart thermal management systems that provide real-time data and analytics is making it easier for organizations to monitor their thermal systems and optimize operations. As more companies recognize the value of data-driven decision-making in thermal management, the adoption of advanced thermic fluids equipped with monitoring capabilities is expected to increase. This trend is particularly strong in regions such as North America and Europe, where there is a significant push towards digitalization and smart technology implementation in energy management. As these factors continue to influence the thermic fluids landscape, the market is poised for robust growth, driven by rising investments in energy efficiency initiatives, increasing demand for high-temperature applications, and a growing emphasis on sustainability and environmental compliance.

SCOPE OF STUDY:

The report analyzes the Thermic Fluids market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:

End-Use (Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals, Other End-Uses); Product Segment (Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid, Glycol(Ethylene and Propylene) Based Thermic Fluid))

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 52 Featured) -

• BASF SE
• BP PLC
• Dow, Inc.
• DuPont de Nemours, Inc.
• Dynalene, Inc.
• Exxon Mobil Corporation
• Hindustan Petroleum Corporation Limited
• KOST USA, Inc.
• Multitherm LLC
• Paratherm
• Royal Dutch Shell PLC
• Solutia, Inc.
• Thermic Fluids Pvt. Ltd. - Chimanlal Maganlal & Co.
• Tulstar Products Inc.

AI INTEGRATIONS

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TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• 1. MARKET OVERVIEW
  • Influencer Market Insights
  • Tariff Impact on Global Supply Chain Patterns
  • Thermic Fluids - Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
• 2. FOCUS ON SELECT PLAYERS
• 3. MARKET TRENDS & DRIVERS
  • Rising Demand for Heat Transfer and Thermal Management Solutions Drives Adoption of Thermic Fluids
  • Increased Use of Thermic Fluids in Chemical and Petrochemical Processing Expands Market Opportunities
  • Surge in Demand for Thermic Fluids in Concentrated Solar Power (CSP) Systems Fuels Market Growth
  • Growing Adoption of Thermic Fluids in Oil & Gas and Refining Industries Strengthens Business Case
  • Expansion of Thermic Fluid Applications in HVAC and Refrigeration Systems Sets the Stage for Market Growth
  • Surge in Use of Thermic Fluids in Pharmaceutical and Food Processing Industries Fuels Market Demand
  • Increased Utilization of Thermic Fluids in Plastic and Rubber Manufacturing Expands Market Opportunities
  • Technological Innovations in Biodegradable and Environmentally Friendly Thermic Fluids Propel Market Growth
  • Surge in Demand for High-Temperature and Low-Temperature Thermic Fluids Expands Market Opportunities
  • Growing Adoption of Thermic Fluids in Automotive and Transportation Industries Fuels Market Expansion
  • Technological Advancements in Synthetic and Specialty Thermic Fluids Propel Market Growth
• 4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Thermic Fluids Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Thermic Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Thermic Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 4: World 15-Year Perspective for Thermic Fluids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2025 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Silicone and Aromatic Based Thermic Fluid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Silicone and Aromatic Based Thermic Fluid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 7: World 15-Year Perspective for Silicone and Aromatic Based Thermic Fluid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Mineral Oils Based Thermic Fluid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Mineral Oils Based Thermic Fluid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 10: World 15-Year Perspective for Mineral Oils Based Thermic Fluid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Glycol(Ethylene and Propylene) Based Thermic Fluid) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Glycol(Ethylene and Propylene) Based Thermic Fluid) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 13: World 15-Year Perspective for Glycol(Ethylene and Propylene) Based Thermic Fluid) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 16: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 19: World 15-Year Perspective for Chemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Food and Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Food and Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 22: World 15-Year Perspective for Food and Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 25: World 15-Year Perspective for Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 28: World 15-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 31: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030

III. MARKET ANALYSIS

• UNITED STATES
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
  • TABLE 32: USA Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 33: USA Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 34: USA 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 35: USA Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 36: USA Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 37: USA 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• CANADA
  • TABLE 38: Canada Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 39: Canada Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 40: Canada 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 41: Canada Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 42: Canada Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 43: Canada 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• JAPAN
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
  • TABLE 44: Japan Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 45: Japan Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 46: Japan 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 47: Japan Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 48: Japan Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 49: Japan 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• CHINA
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
  • TABLE 50: China Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 51: China Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 52: China 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 53: China Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 54: China Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 55: China 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• EUROPE
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
  • TABLE 56: Europe Recent Past, Current & Future Analysis for Thermic Fluids by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 57: Europe Historic Review for Thermic Fluids by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 58: Europe 15-Year Perspective for Thermic Fluids by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2025 & 2030
  • TABLE 59: Europe Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 60: Europe Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 61: Europe 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 62: Europe Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 63: Europe Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 64: Europe 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• FRANCE
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
  • TABLE 65: France Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 66: France Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 67: France 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 68: France Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 69: France Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 70: France 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• GERMANY
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
  • TABLE 71: Germany Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 72: Germany Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 73: Germany 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 74: Germany Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 75: Germany Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 76: Germany 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• ITALY
  • TABLE 77: Italy Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 78: Italy Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 79: Italy 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 80: Italy Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 81: Italy Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 82: Italy 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• UNITED KINGDOM
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
  • TABLE 83: UK Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 84: UK Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 85: UK 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 86: UK Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 87: UK Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 88: UK 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• REST OF EUROPE
  • TABLE 89: Rest of Europe Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 90: Rest of Europe Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 91: Rest of Europe 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 92: Rest of Europe Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 93: Rest of Europe Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 94: Rest of Europe 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• ASIA-PACIFIC
  • Thermic Fluids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
  • TABLE 95: Asia-Pacific Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 96: Asia-Pacific Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 97: Asia-Pacific 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 98: Asia-Pacific Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 99: Asia-Pacific Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 100: Asia-Pacific 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030
• REST OF WORLD
  • TABLE 101: Rest of World Recent Past, Current & Future Analysis for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 102: Rest of World Historic Review for Thermic Fluids by Product Segment - Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 103: Rest of World 15-Year Perspective for Thermic Fluids by Product Segment - Percentage Breakdown of Value Sales for Silicone and Aromatic Based Thermic Fluid, Mineral Oils Based Thermic Fluid and Glycol(Ethylene and Propylene) Based Thermic Fluid) for the Years 2015, 2025 & 2030
  • TABLE 104: Rest of World Recent Past, Current & Future Analysis for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 105: Rest of World Historic Review for Thermic Fluids by End-Use - Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • TABLE 106: Rest of World 15-Year Perspective for Thermic Fluids by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Chemical, Food and Beverage, Plastics, Pharmaceuticals and Other End-Uses for the Years 2015, 2025 & 2030

IV. COMPETITION