Grand View Research.com has announced the addition of “Thermic FluidsMarket Analysis and Segment Forecasts To 2020” Market Research report to their Database.

The global market for thermic fluids is expected to reach USD 3.45 billion by 2020, according to a new study by Grand View Research, Inc. Growing thermic fluid demand from concentrated solar power plants is expected to be a key driving factor for market demand over the next six years. Thermic fluids are used to transfer and store heat utilized for producing electricity. In addition, positive outlook on food and beverages market is also expected to enhance market penetration for food grade thermic fluids. 
Mineral oils emerged as the leading product segment in the global market and accounted for 41.7% of the total thermic fluid volume in 2013. Mineral oils were followed by aromatic based thermic fluids, however, glycol based thermic fluids are expected to be the fastest growing product segment, at an estimated CAGR of 7.9% from 2014 to 2020. Increasing Concentrated Solar Power (CSP) capacity, mainly in the U.S. and Spain is expected to boost the demand for thermic fluids for these applications.

Browse full research report on Global Thermic Fluids Market: http://www.grandviewresearch.com/industry-analysis/thermic-fluids-market-analysis

Further key findings from the study suggest:

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For the purpose of this study, Grand View Research has segmented the global thermic fluids market on the basis of product, application and region:

    • Global Thermic Fluids Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)
            • Mineral Oils
            • Aromatics
            • Glycol (Ethylene & Propylene)
            • Silicones
            • Other (including Molten Salts & HFPE)
    • Global Thermic Fluids Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)
            • Oil & Gas
            • Chemical Industry
            • Concentrated Solar Power (CSP)
            • Food & Beverages
            • Plastics
            • Pharmaceuticals
            • HVAC
            • Others (including Transport, Biodiesel and Waste Heat Recovery etc)
    • Thermic Fluids Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Browse more reports of this category by Grand View  Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives