The prime goal in industrial and residential applications is heat management. Management of heat is becoming more important as we strive to improve the efficient use of energy. Heat transfer fluids have been integral part of these applications for many years.
The branch of the thermal engineering dealing with energy conversion and conservation has defined heat transfer as process that concerns with the use, generation, conversation and exchange of thermal energy or heat between physical systems or devices, following the law of conservation of energy. The Importance of heat transfer was first noted by Romans, who Designed hot-air distribution systems for heating homes and Public baths.
Heat transfer fluid is chemical substance in liquid or gaseous state which circulates through or around the mechanical components of system and can prevent overheating of thermal components(devices) by either storing heat energy or transferring the heat energy from one device to other devices that use it or dissipate it.The heat transfer fluid are sometimes called as coolant.
An Ideal heat transfer fluid has following characteristics :
- High thermal capacity and stability.
- Low viscosity and non toxic.
- Chemically inert and low cost.
- Non-corrosive action against system devices.
Heat transfer fluid have a variety of applications mentioned below :
- Manufacturing processes like laminating and calendaring rolls, dieing and molding rubber and plastics,die-cast zinc.
- In industries like Automotive industry, Chemical industry, Solar power plants, Petroleum processing industry,
- Pharmaceuticals and Residential equipments.
The heat transfer fluid market is experiencing an accelerated growth due to factors like Characteristics and performance of heat transfer fluids in addition to the greater demand for Concentrated Solar Power(CSP) market.
The global heat transfer fluid market is further segmented based on :
- Product Types : Non-toxic petroleum and synthetic fluids derived from mineral oils, Polyalkylene glycol (PAG),Silicone and Synthetic aromatics (such as poly phenyls and alkylated benzenes), and fluorocarbons.
Polyalkylene glycol
Polyalkylene glycol
- Geography : Major geographical regions are North America, Europe, Asia-Pacific, and ROW (Rest Of World).
Heat Transfer Fluid Market Share,By Geography,2011
Source: MarketsandMarkets Analysis
The Global heat transfer fluid market is expected to grow worth $2.55 billion by 2017 at compound annual growth rate of 7.4%. Europe is leading market in heat transfer fluids with 35% of global usage.Asia Pacific is fastest emerging market in near future with China and India acting as driving regions
Silicone and
aromatics along with non-toxic mineral oil products, covered for over
90.0% of the overall heat transfer fluid market.
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