Market Research Reports

Heat transfer oil is stable paraffinic oil with high boiling point. It is used in closed as well as open heat transfer systems. Demand for heat transfer oil is high in industrial applications and household equipment, including chemical plants, textile producers, process industry, and oil filled radiators, as it offers properties such as good thermal stability, low viscosity, good heat transfer, ease of waste oil disposal, and high flash point. Heat transfer oil is also used to prevent rusting in circulating oil systems. Its exceptional stability helps prevent deposit formation inside piping and guarantees minimal thermal cracking at high temperatures.In terms of end-use industry, the heat transfer oil market can be divided into chemical, textile, cement, asphalt, concentrated solar power, and oil & gas. The global heat transfer oil market can be segmented based on end-use industry and region. The chemical industry is the major end-use industry of heat transfer oil. The oil...