The Heat Transfer Fluids Market fluids (HTFs) is expected to grow at CAGR 9% during the forecast period 2021-2026. Increasing awareness regarding energy conservation and growing demand for heat exchangers, heat pumps, and chillers in end-use industries, such as chemical, oil & gas, and HVACR has led to growth in the market.
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Asia Pacific HTFs market is projected to be the largest and fastest-growing market, attributed to the increasing investments in the automotive industry, chemical manufacturing units, and renewable energy sector in this region.

Some of the key players in the market are The Dow Chemical Company (US), ExxonMobil (US), Eastman Chemical Company (US), Chevron (US), Huntsman Corporation (US), LANXESS (Germany), Royal Dutch Shell Plc. (Netherlands), Schultz Canada Chemicals Ltd. (Canada), Paratherm (US), Clariant (Switzerland), Sasol Limited (South Africa), Arkema (France), Global Heat Transfer Ltd. (UK), British Petroleum (UK), Dynalene, Inc. (US), Isel (US), Phillips 66 (US).

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