/PRNewswire/ Castrol announces the launch of Castrol ON ™, its new range of e-Fluids for electric mobility: Castrol ON ™, e-Greases Castrol ON ™, e-Greases.
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 secto
Sponsored by ParathermFeb 10 2021
When thermal fluid systems are used to replace steam in a broad range of process applications, there is an increase in years of highly efficient service, human and environmental safety and increased production and product quality as a result of uniform and precise temperature control. Almost every category sees significant advantages from the use of hot oil systems.
Efficiency
Efficiency has been indicated by thermal fluid heater manufacturers to be up to 5-8% higher than conventional steam systems. Increased efficiency can also be provided through the use of hot oil heated and shell-and-tube steam generators.
These systems have considerably lower heat flux, causing decreased fouling and additionally require less water treatment.