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Heat Transfer Fluids (HTF) Market – Trends Forecast Till 2030
Posted By delvens123 493 days ago on Business
The global Heat Transfer Fluids (HTF) market size was estimated at USD 3.6 billion in 2023 and is projected to reach USD 7.4 billion in 2030 at a CAGR of 9.50% during the forecast period 2023-2030.
Heat transfer fluids (HTFs) refer to either gases or liquids that are specifically designed to facilitate the movement of heat from one system to another. These fluids are typically made from highly refined petroleum, synthetically formulated hydrocarbons, or siloxanes, such as silicone. The use of HTFs can provide several advantages, including the ability to operate at high temperatures while maintaining low system pressures, as well as ensuring safety, low maintenance, and extended operating lifetimes. It is anticipated that these benefits will have a consequential impact on the HTFs market.
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