Heat Transfer Fluids Market - Forecast(2021 - 2026)
Heat transfer is basically exchange of thermal energy between different objects, where energy is transformed from one form to another but is neither created nor destroyed. Thermal convection, thermal conduction, thermal radiation and energy transfer are the types of heat transfer that can occur due to phase change. Heat transfer fluids are used to avoid overheating of substances while the process of heat transfer takes place. They have a wide range of applications in automotive, oil and gas processing, manufacturing processes and solar power plants, to name a few. Request Sample The heat transfer fluids market can be classified based on its types such as, alcohols & glycols, hydrocarbon oils, mineral oils, silicones and salt based. Mineral oil has the major market share in terms of consumption and volume both followed by silicone and hydrocarbon oils. Mineral oil is projected to maintain its dominance whereas silicone and hydrocarbon oil is expected to witness highest g...