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Global Heat Transfer Fluids Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com
February 11, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 11, 2021
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The publisher brings years of research experience to the 8th edition of this report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Heat Transfer Fluids Market to Reach $4.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Heat Transfer Fluids estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027.
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The publisher brings years of research experience to the 8th edition of this report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Heat Transfer Fluids Market to Reach $4.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Heat Transfer Fluids estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027.
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The bunker fuel is expected to grow at a compound annual growth rate of 3.47% over the forecast period to reach a market size of US$153.965 billion by 2025 from US$125.469 billion in 2019.
Bunker fuel generally refers to the heavy oil used on ships which is the by-product of crude oil. It has been pivotal in the running up the ships for passenger transportation, containers, and special-purpose ships for a substantial period. The stable increase in the demand for the bunker fuel can be attributed to the increase in the demand for transport, and cargo deliveries. These are the things which are inevitable across the industry verticals. The demand for the bunker fuel can be pegged to the demand with the sale of the bunkers which is expected to remain stable.