Page 2 - Further Drive News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thermic Fluid Market Forecast to Reach $2.21 Billion by 2025 "Increased Use of Distributed Solar Power Is Expected to Further Drive the Demand for Thermal Fluids Market." Thermic Fluid Market BriefingWire.com, 4/22/2021 - Thermic Fluid Market is forecast to reach $2.21 Billion by 2025, after growing at a CAGR of 4.49% during 2020-2025. The growing demand from the oil and gas sector, where thermal fluids are used extensively to carry out operations, is the key factor driving the growth of the market. Increased use of distributed solar power is expected to furth...

Thermic Fluid Market Segment Analysis – Geography RoW dominated the Thermic Fluid Market share with more than 43.5%, followed by Europe and North America. Due to the involvement of the world’s largest oil-producing countries such as Saudi Arabia, Iran, Iraq, Kuwait, and the United Arab Emirates, the Middle Eastern field holds a large share of the thermal fluid market worldwide. It has been assessed that the bulk of OPEC’s overall oil reserves are owned by Middle Eastern countries. The region’s proven oil reserves are estimated at around 113.2 billion metric tonnes. In addition, it is ...