India Thermic Fluids Market is Forecasted to Grow at 11.6% with Factor Such as Increasing Demand for Thermic Fluids with Increasing Adoption of Renewable Energy

Thermic fluids market has shown an exceptional penetration in India. Growing usage of thermic fluids in pharmaceutical production, engineering and processing facilities are driving the market growth, whereas factor such as explosion hazards posed by HTFsis restraining the market growth.

Thermic Fluids Market Scenario

According to Data Bridge Market Research for thermicfluids the market leader is Bharat Petroleum Corporation Limited whichaccounts an estimated market share of approximately10% to 12% in India.

  • In January 2019, Bharat Petroleum Corporation Limited announced the launch of petrochemical complex at Kochi Refinery. Through the refinery launch, the company aims to expand their product portfolio and to fulfill the growing oil and fluids demand of its customers.

Trends Impacting the Market

The thermic fluids market is becoming more competitive every year with companies such as Bharat Petroleum Corporation Limited, Chevron Corporation,and Indian Oil Corporation Ltd are dominating the market for Indiathermic fluids. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the thermic fluids market.

For Instance,

  • In April 2019, Indian Oil Corporation Ltd expands their petrochemical, fuel refining and biofuel manufacturing capacity of its Panipat plant to enhance their refining capacity from 15 million tonne per annum to 25 mtpa. Through this expansion the company aims to fulfil the growing fuel demand of the customers.

For more analysis on the thermic fluids market request for a briefing with our analyst

Thermic Fluids Market Development in 2019

  • In April, Indian Oil Corporation Ltd acquired 100 per cent equity stake of Shell Exploration and Production Oman Ltd at the high investment of USD 329.00 million. Through this acquisition the company aims to enhance upstream product portfolio and also to expand their footprint in Middle East.

Scope of the Thermic Fluids Market

India thermic fluids market is further analyzed based on further segmentation.On the basis of type, the market is segmented into mineral oil, water (under pressure), PAG and glycols-based fluids, steam (saturated and superheated), molten salt and others.On the basis of source, the market is segmented into oxidation and thermal cracking. On the basis of application, the market is segmented into crude oil extraction and processing industries, natural gas processing plants, metal fabrication and finishing plants, food processing industries, rubber and plastic industries, paper industries, printing industries, textile industries, chemical industries, automobile, pharmaceuticals, building materials, plywood and laminates, others.

The thermic fluids are used in industrial applications as its increases the overall efficiency of the system on a wider range. Thermic fluids are high temperature fluids which may leads toexplosion if not handled properly.

To know more about the study

Key Pointers Covered in Thermic Fluids Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Import and Export data
  • Market Key Vendors and Disruptors Study
  • Market Supply Chain Competiveness
  • Market Value Chain Analysis

Key Market Competitors Covered in the Report

  • Bharat Petroleum Corporation Limited
  • Chevron Corporation
  • Indian Oil Corporation Ltd.
  • Exxon Mobil Corporation
  • HP Lubricants.
  • Dow,
  • Eastman Chemical Company
  • Huntsman International LLC
  • Paras Lubricants Ltd
  • Thermotech Systems Ltd

Above are the key players covered in the report to know about more and exhaustive list of thermic fluids companies contact us

Research Methodology: IndiaThermic fluids Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: automobile industry, construction industries,paper industry, and chemical industries
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, Sales Head among others.

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