Global Heat Transfer Fluid Market Opportunities and Forecast 2023-2030

  •   DLR2362
  •   September, 2023
  •   Pages: 120
  •  Global
Covid-19 Impact on Heat Transfer Fluid Market:

The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.

Heat Transfer Fluid Market Overview  

The global Heat Transfer Fluids Market is expected to be worth USD 10.80 billion in 2021, with a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030.

Heat transfer fluids are gases or liquids specifically manufactured for transmitting heat from one system to another. HTFs provide better performance so they have a wide range of applications in chemical industries, petroleum processing, solar power plants, automobiles, and manufacturing processes. The global heat transfer fluids market is expected to increase progressively during the forecast period.

The heat transfer fluids are highly utilized in concentrated solar power (CSP) or solar energy generation. Globally, increasing demand for clean energy has led to the setup of several concentrated solar power plants. Also, the governments of various countries such as the U.S., China, and India, are highly invested to set up solar power plants to fulfill energy requirements. This significant aspect is likely to increase the demand for HTFs across the renewable energy industry.  Rapid industrialization and urbanization in developing countries have led to an increase in the consumption of oil & gas. It ultimately increases the consumption of heat transfer fluids in oil & gas processing companies. This crucial factor is expected to fuel market growth in the near future.

On the downside, instability in raw material prices is expected to hamper the growth of the market.

Heat Transfer Fluid Market Segment Overview

The mineral oils segment holds the major shares of the heat transfer fluid market. This is on account of increasingly being used in chemical manufacturing processes, pharmaceuticals, refrigeration, and others. In addition, the silicones & aromatic segment shows notable growth in the market. This is because of the growing demand for synthetic thermal oils from the oil & gas and chemical industries.

Furthermore, HTFs will provide effective solutions to utilize heat more productively in many applications. For instance, propylene glycol-based HTFs offer good performance in medium-temperature secondary loop refrigeration. Also, it has low maintenance, better energy efficiency and, lowered refrigerant costs.

Heat Transfer Fluid Market Regional Overview

Europe holds a dominant position in the market followed by Asia-Pacific, Owing to the growth in the energy sector. Spain and Germany are the major markets in Europe, due to growing industrial expansion in this region.  The Asia Pacific is expected to grow at the fastest rate as compared to other regions. Emerging market in China and India is anticipated to increase the market share of Asia-Pacific in the global heat transfer fluids market during the forecast period.

Heat Transfer Fluid Market Competitor Overview

·     In April 2019, Eastman Chemical Company acquired the Marlotherm HTFs manufacturing assets located in Germany from Sasol, a global chemical and energy company. This acquisition enables Eastman to expand its heat transfer fluids product offerings to customers around the globe.

·     In August 2017, ExxonMobil Asia Pacific Pte Ltd acquired Jurong Aromatics Corporation Pte Ltd plant, which is one of the world’s largest aromatics plants located on Jurong Island, Singapore.

Heat Transfer Fluid Market, Key Players

·     Shell Corporation
·     ExxonMobil
·     BP 
·     Solutia Inc. 
·     The Dow Chemical’s Co.
·     Eastman Chemical Company
·     Chevron 
·     Huntsman Corporation
·     Paratherm
·     BASF 
·     Lanxess
·     Huntsman
·     Global Heat Transfer
·     Royal Dutch Shell plc.
·     Phillips 66
·     Arkema

Heat Transfer Fluid Market Segmentation

Heat Transfer Fluid Market, By Type

·     Mineral Oils,
·     Pag and Glycol
·     Silicone and Aromatics
·     Others

Heat Transfer Fluid Market, By Application

·     Solar Power
·     Food & Beverages
·     Chemical Industries
·     Oil and Gas Industry
·     Pharmaceuticals
·     Bio-Diesel Production
·     manufacturing processes
·     Others

Heat Transfer Fluid Market, By Region
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa


1. Introduction

  • 1.1. Research Scope
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
  • 1.4. Definitions and Assumptions

2. Executive Summary

    3. Market Dynamics

    • 3.1. Market Drivers
    • 3.2. Market Restraints
    • 3.3. Market Opportunities

    4. Key Insights

    • 4.1. Key Emerging Trends – For Major Countries
    • 4.2. Latest Technological Advancement
    • 4.3. Regulatory Landscape
    • 4.4. Industry SWOT Analysis
    • 4.5. Porters Five Forces Analysis

    5. Global Heat Transfer Fluid Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 5.1. Key Findings / Summary
    • 5.2. Market Analysis, Insights and Forecast – By Type
      • 5.2.1. Mineral Oils,
      • 5.2.2. Pag and Glycol
      • 5.2.3. Silicone and Aromatics
      • 5.2.4. Others
    • 5.3. Market Analysis, Insights and Forecast – By Application
      • 5.3.1. Solar Power
      • 5.3.2. Food & Beverages
      • 5.3.3. Chemical Industries
      • 5.3.4. Oil and Gas Industry
      • 5.3.5. Pharmaceuticals
      • 5.3.6. Bio-Diesel Production
      • 5.3.7. manufacturing processes
      • 5.3.8. Others
    • 5.4. Market Analysis, Insights and Forecast – By Region
      • 5.4.1. North America
      • 5.4.2. Latin America
      • 5.4.3. Europe
      • 5.4.4. Asia Pacific
      • 5.4.5. Middle East and Africa

    6. North America Heat Transfer Fluid Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 6.1. Key Findings / Summary
    • 6.2. Market Analysis, Insights and Forecast – By Type
      • 6.2.1. Mineral Oils,
      • 6.2.2. Pag and Glycol
      • 6.2.3. Silicone and Aromatics
      • 6.2.4. Others
    • 6.3. Market Analysis, Insights and Forecast – By Application
      • 6.3.1. Solar Power
      • 6.3.2. Food & Beverages
      • 6.3.3. Chemical Industries
      • 6.3.4. Oil and Gas Industry
      • 6.3.5. Pharmaceuticals
      • 6.3.6. Bio-Diesel Production
      • 6.3.7. manufacturing processes
      • 6.3.8. Others
    • 6.4. Market Analysis, Insights and Forecast – By Country
      • 6.4.1. U.S.
      • 6.4.2. Canada

    7. Latin America Heat Transfer Fluid Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 7.1. Key Findings / Summary
    • 7.2. Market Analysis, Insights and Forecast – By Type
      • 7.2.1. Mineral Oils,
      • 7.2.2. Pag and Glycol
      • 7.2.3. Silicone and Aromatics
      • 7.2.4. Others
    • 7.3. Market Analysis, Insights and Forecast – By Application
      • 7.3.1. Solar Power
      • 7.3.2. Food & Beverages
      • 7.3.3. Chemical Industries
      • 7.3.4. Oil and Gas Industry
      • 7.3.5. Pharmaceuticals
      • 7.3.6. Bio-Diesel Production
      • 7.3.7. manufacturing processes
      • 7.3.8. Others
    • 7.4. Market Analysis, Insights and Forecast – By Country
      • 7.4.1. Brazil
      • 7.4.2. Mexico
      • 7.4.3. Rest of Latin America

    8. Europe Heat Transfer Fluid Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 8.1. Key Findings / Summary
    • 8.2. Market Analysis, Insights and Forecast – By Type
      • 8.2.1. Mineral Oils,
      • 8.2.2. Pag and Glycol
      • 8.2.3. Silicone and Aromatics
      • 8.2.4. Others
    • 8.3. Market Analysis, Insights and Forecast – By Application
      • 8.3.1. Solar Power
      • 8.3.2. Food & Beverages
      • 8.3.3. Chemical Industries
      • 8.3.4. Oil and Gas Industry
      • 8.3.5. Pharmaceuticals
      • 8.3.6. Bio-Diesel Production
      • 8.3.7. manufacturing processes
      • 8.3.8. Others
    • 8.4. Market Analysis, Insights and Forecast – By Country
      • 8.4.1. UK
      • 8.4.2. Germany
      • 8.4.3. France
      • 8.4.4. Italy
      • 8.4.5. Spain
      • 8.4.6. Russia
      • 8.4.7. Rest of Europe

    9. Asia Pacific Heat Transfer Fluid Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 9.1. Key Findings / Summary
    • 9.2. Market Analysis, Insights and Forecast – By Type
      • 9.2.1. Mineral Oils,
      • 9.2.2. Pag and Glycol
      • 9.2.3. Silicone and Aromatics
      • 9.2.4. Others
    • 9.3. Market Analysis, Insights and Forecast – By Application
      • 9.3.1. Solar Power
      • 9.3.2. Food & Beverages
      • 9.3.3. Chemical Industries
      • 9.3.4. Oil and Gas Industry
      • 9.3.5. Pharmaceuticals
      • 9.3.6. Bio-Diesel Production
      • 9.3.7. manufacturing processes
      • 9.3.8. Others
    • 9.4. Market Analysis, Insights and Forecast – By Country
      • 9.4.1. China
      • 9.4.2. India
      • 9.4.3. Japan
      • 9.4.4. Australia
      • 9.4.5. South East Asia
      • 9.4.6. Rest of Asia Pacific

    10. Middle East & Africa Heat Transfer Fluid Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 10.1. Key Findings / Summary
    • 10.2. Market Analysis, Insights and Forecast – By Type
      • 10.2.1. Mineral Oils,
      • 10.2.2. Pag and Glycol
      • 10.2.3. Silicone and Aromatics
      • 10.2.4. Others
    • 10.3. Market Analysis, Insights and Forecast – By Application
      • 10.3.1. Solar Power
      • 10.3.2. Food & Beverages
      • 10.3.3. Chemical Industries
      • 10.3.4. Oil and Gas Industry
      • 10.3.5. Pharmaceuticals
      • 10.3.6. Bio-Diesel Production
      • 10.3.7. manufacturing processes
      • 10.3.8. Others
    • 10.4. Market Analysis, Insights and Forecast – By Country
      • 10.4.1. GCC
      • 10.4.2. South Africa
      • 10.4.3. Rest of Middle East & Africa

    11. Competitive Analysis

    • 11.1. Company Market Share Analysis, 2021
    • 11.2. Key Industry Developments
    • 11.3. Company Profile
    • 11.4. Shell Corporation
      • 11.4.1. Business Overview
      • 11.4.2. Segment 1 & Service Offering
      • 11.4.3. Overall Revenue
      • 11.4.4. Geographic Presence
      • 11.4.5. Recent Development
    *Similar details will be provided for the following companies
    • 11.5. ExxonMobil
    • 11.6. BP
    • 11.7. Solutia Inc.
    • 11.8. The Dow Chemical’s Co.
    • 11.9. Eastman Chemical Company
    • 11.10. Chevron
    • 11.11. Huntsman Corporation
    • 11.12. Paratherm
    • 11.13. BASF
    • 11.14. Lanxess
    • 11.15. Huntsman
    • 11.16. Global Heat Transfer
    • 11.17. Royal Dutch Shell plc.
    • 11.18. Phillips 66
    List of Figures

    Figure 1: Global Heat Transfer Fluid Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
    Figure 2: Global Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 5: Global Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 9: Global Heat Transfer Fluid Market Forecast (USD Billion), by Others, 2021-2030
    Figure 10: Global Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 14: Global Market Forecast (USD Billion), by Others, 2021-2030
    Figure 15: Global Market Value (USD Billion), by Region, 2023 & 2030
    Figure 16: North America Heat Transfer Fluid Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 19: North America Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 23: North America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 24: North America Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 28: North America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 29: North America Market Forecast (USD Billion), by U.S., 2021-2030
    Figure 30: North America Market Forecast (USD Billion), by Canada, 2021-2030
    Figure 31: Latin America Heat Transfer Fluid Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 34: Latin America Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 38: Latin America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 39: Latin America Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 43: Latin America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2021-2030
    Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2021-2030
    Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2021-2030
    Figure 47: Europe Heat Transfer Fluid Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 50: Europe Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 54: Europe Market Forecast (USD Billion), by Others, 2021-2030
    Figure 55: Europe Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 59: Europe Market Forecast (USD Billion), by Others, 2021-2030
    Figure 60: Europe Market Forecast (USD Billion), by U.K., 2021-2030
    Figure 61: Europe Market Forecast (USD Billion), by Germany, 2021-2030
    Figure 62: Europe Market Forecast (USD Billion), by France, 2021-2030
    Figure 63: Europe Market Forecast (USD Billion), by Italy, 2021-2030
    Figure 64: Europe Market Forecast (USD Billion), by Spain, 2021-2030
    Figure 65: Europe Market Forecast (USD Billion), by Russia, 2021-2030
    Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2021-2030
    Figure 67: Asia Pacific Heat Transfer Fluid Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2021-2030
    Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2021-2030
    Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2021-2030
    Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2021-2030
    Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2021-2030
    Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2021-2030
    Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2021-2030
    Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2021-2030
    Figure 86: Middle East & Africa Heat Transfer Fluid Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2021-2030
    Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2021-2030
    Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2021-2030
    Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2021-2030
    Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2021-2030 
    List of Tables
    Table 1: Global Heat Transfer Fluid Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2021-2030
    Table 5: North America Heat Transfer Fluid Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 9: Europe Heat Transfer Fluid Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 13: Latin America Heat Transfer Fluid Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 17: Asia Pacific Heat Transfer Fluid Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 21: Middle East & Africa Heat Transfer Fluid Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Research Process

    Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.

    In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization

    FIGURE 1: DLR RESEARH PROCESS

    Primary Research

    Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.

    In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.

    It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.

    Secondary Research

    Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.

    Market Size Estimation

    Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.

    Forecast Model