- Thermic fluids, used as heat transfer agents, are critical for maintaining temperature stability and operational efficiency in industrial systems involving high-temperature processes
- Market demand is significantly boosted by rising adoption in concentrated solar power plants, chemical manufacturing, and HVAC systems, where reliable thermal management is vital
- The shift toward synthetic and bio-based thermic fluids, driven by environmental concerns and regulatory mandates, further reinforces the market’s trajectory toward sustainable and efficient thermal solutions
- Asia-Pacific dominated the thermic fluids market with the largest revenue share of 38.5% in 2024, driven by rapid industrialization, rising investments in renewable energy projects, and expanding manufacturing sectors across countries such as China, India, and Japan
- North America is projected to register the fastest CAGR of 21.8% from 2025 to 2032, attributed to rising investments in CSP plants, growing demand for energy-efficient industrial processes, and favorable government regulations promoting sustainability
- The Silicone and Aromatic-Based segment dominated the Thermic Fluids market with the largest market revenue share of 46.3% in 2024, primarily due to its superior thermal stability, low volatility, and broad temperature operating range
