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Thermic Fluid Market is Forecast to Grow by a CAGR of more than 6.2% from 2022-2032

Thermic Fluid Market is Forecast to Grow by a CAGR of more than 6.2% from 2022-2032 | Says FMI Analyst ....

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Thermic Fluid Market - 39% of Growth to Originate from APAC |Driven by Growth of the Concentrated Solar Power Industry

/PRNewswire/ The "Thermic Fluid Market by End-user (oil and gas, chemicals, concentrated solar power, food and beverages, and others) and Geography (APAC,. ....

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Thermic Fluid Market Forecast to Reach $2.21 Billion by 2025

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 projected that about 33 percent of the world’s overall oil supply is produced in the Middle East, which was about 32 million barrels of oil per day in 2019. It is estimated that global oil demand is about 99 million barrels a day. This will fuel the market of the Middle Eastern nations’ oil and gas sector, and hence the use of thermal fluid in the industry. Rising demand from different ....

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