Worldwide heat transfer fluid market to go up by 7.4% CAGR

Global heat transfer fluid market to grow at CAGR of 7.4% to 2017, according to MarketsandMarkets. This market is driven by the strong performance advantage offered by heat transfer fluids and increasing performance standards in the industrial sectors. New products launch, product and technological innovation, expansions and mergers & acquisitions are the fundamentals to survive in this market.

Europe is the largest heat transfer fluids market, whereas Asia-Pacific market is expected to register best growth opportunities. China and India are expected be the fastest-growing countries in the global heat transfer fluids market as their strong economic growth continues and demand for energy grows. Middle East is another growing market for HTFs. North America and European regions are expected to show moderate growth rate from 2012 to 2017.