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The “India Thermic Fluid Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The India Thermic Fluid Market is estimated to be at 40.06 kilotons in 2021 and is expected to register a CAGR of over 4.5% during the forecast period (2022-2027).
The market is negatively impacted by COVID-19 in 2020. Considering the situation, COVID-19 had declared as a pandemic, and the Indian governments had imposed a complete lockdown. Owing to such a scenario, various end-user sectors such as chemicals, oil and gas, etc. got negatively impacted, as the thermic fluid has key applications (as a heat carrier) in the heat transfer systems, employed in these sectors.
Key Market Trends
Rising Demand for Mineral Oil Segment
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Mineral oils, used as a thermic fluid, are petroleum-based fluids produced from distillation cuts from crude oil.
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Mineral oils are isomeric mixtures of paraffin or naphthene-basic hydrocarbons and can be categorized into paraffinic and naphthenic oils. These oils are selected for viscosity, which partly defines heat transfer properties and stability.
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Paraffinic mineral oils hold a higher flash point and a higher boiling point. While on the other hand, naphthenic mineral oils hold better low-temperature characteristics and lower pour points.
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The mineral oils offer better thermal stability at high temperatures, easier disposal and maintenance requirements, and smaller environmental impacts. These also exhibit properties like very low vapor pressure and …
Full story available on Benzinga.com
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