Ceiling Tiles Market Is Estimated To Grow At A CAGR Of 9.5% During Forecast Period 2014-2025

Global Ceiling Tiles Market is expected to reach USD 10.08 billion by 2025, growing at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Increasing construction of office spaces worldwide is likely to boost the usage of building materials including mineral wool, metal, and gypsum panels by the end of 2025. 

Rise in the working population group, since the past few years has led to an increased construction spending in key Asia Pacific countries including China, Vietnam, Bangladesh, Singapore, India, Thailand, and Malaysia. Construction of new offices across the globe is estimated to peak in the future.

This scenario is likely to reflect in developing countries including China, Russia, and India. Furthermore, currently rising foreign investments coupled with government initiatives in these countries is projected to boost the construction of business centers and IT parks in the recent future. These factors are considered to influence the consumption of construction materials including ceiling tiles and hence boost their market growth.

Emerging regions especially Latin America and Middle East & Africa are expected to depict above average industry growth owing to development of the hotel sector as a result of increasing government initiatives regarding the tourism industry in these regions.

Full Research Report on Global Ceiling Tiles Market Analysis:
http://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market

Further key findings from the report suggest:

• In terms of revenue, the residential segment is expected to rise at a CAGR of 9.4% over the forecast period. This application segment constituted a revenue share of 4.6% in 2016.
• Technological breakthrough in the field of low VOC panels and recyclable tiles is estimated to offer lucrative growth prospects in the industry by the end of 2025. Furthermore, development of three dimensional ceiling tiles is another important milestone that is expected to open new avenues in the industry.
• Companies are aiming at achieving optimum business growth through fully integrating their business operations across the product value chain. For instance, USG Corporation is engaged in manufacturing ceiling tiles as well as its precursor gypsum board and has strong distribution network.
• In June 2017, Armstrong Ceiling Solutions launched a new range of ceiling tiles under the New Dune eVo brand name. These tiles are 100% recyclable and exhibit well improved aesthetics and acoustic performance.
• In April 2014, the Rockfon North America, a ROCKWOOL International subsidiary achieved the UL Environment’s GREENGUARD Gold certification for its low VOC products. This has enhanced the market position of the company as a key sustainable player in the past years.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Ceiling Tiles Market on the basis of product, application, and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• Mineral wool
• Metal
• Gypsum
• Others

Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• Commercial Construction
• Residential Construction
• Industrial Construction

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ceiling-tiles-market                       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Membrane Bioreactor Market Is Expected To Reach USD 8.27 Billion By 2025

Global Membrane Bioreactor Market is expected to reach USD 8.27 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for membrane bioreactor as they offer high-quality solid separation and low carbon footprint will propel industry expansion over the forecast period.

Rising concerns regarding the release of toxic effluents into the environment are expected to result in an increase in the installation of membrane bioreactor solutions in the industrial and manufacturing sector. In addition, stringent environmental regulations on sludge disposal are expected to stimulate demand for highly effective MBR systems.

Increasing MBR installations by various key players including Beijing Origin Water, GE Water, Koch Membrane Systems, and Tianjin MOTIMO as a result of rising industrial wastes by pharmaceuticals, food & beverages, and refinery will promote the market growth over the forecast period. Technology up gradation coupled with cost reductions are expected to drive the product demand over the forecast period.

Municipal accounted for 68.7% of the overall share in 2016 and is expected to witness substantial growth as a result of increasing urban population and government support to promote infrastructure development in Turkey, China, India, Singapore, Thailand, and Bangladesh.

Full Research Report on Global Membrane Bioreactor Market Analysis:http://www.grandviewresearch.com/industry-analysis/membrane-bioreactor-mbr-market

Further key findings from the report suggest:

• Flat sheet MBR is expected to witness significant rise at a CAGR of 18.5% from 2017 to 2025 as a result of increasing adoption in the medium scale industrial waste water treatment plants. Moreover, increasing usage in food & beverage sector owing to its high solid loading and good hydraulic flow behavior is anticipated to fuel demand.
• Asia Pacific was the dominant market and accounted for 50.4% of the global membrane bioreactor market in 2016. Establishment of various food & beverage, pharmaceutical, pulp & paper manufacturing units particularly in India and China will fuel MBR demand in industrial waste water sector.
• Growing water pollution along with water shortage problems that are currently prevailing in China, India, Singapore and Malaysia is expected to provide ample opportunity for the wastewater treatment industry.
• Key participants dominating the membrane bioreactor (MBR) industry includes GE Water & Process Technologies, Toray Industries, Inc., Kubota Corporation, Koch Membrane Systems, Inc., Evoqua Water Technologies LLC, and Mitsubishi Rayon Co., Ltd.
• MBR players are adopting numerous strategies for strengthening its foothold across the international market. These companies have been undertaking strategies including new product developments, expansion of installed capacity in order to increase its market penetration.
• In July 2015, Cambrian Innovation launched EcoVolt Membrane Bioreactor (MBR). This system will remove over 99% of pollutants and solids, enabling water re-use on site
• KMS introduced next generation of improved, high flux PURON modules for membrane bioreactor having built-in reliability, low life-cycle costs, reduced system footprint, and new fiber chemistry

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/water-and-industrial-sludge-treatment

Grand View Research has segmented the Global Membrane Bioreactor (MBR) Market on the basis of product, configuration, application, and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

• Hollow fiber
• Flat sheet
• Multi-tubular

Configuration Outlook (Revenue, USD Million, 2014 - 2025)

• Submerged
• Side stream

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Municipal
• Industrial
• Food & beverages
• Textile
• Oil & gas
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• Italy
• France
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-membrane-bioreactor-mbr-market                      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Chatbot Market Is Estimated To Growing At A CAGR Of 24.3% During Forecast Period 2014-2025

Global Chatbot Market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

Full Research Report on Global Chatbot Market Analysis: http://www.grandviewresearch.com/industry-analysis/chatbot-market

Further key findings from the report suggest:

• Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.
• The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.
• The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.

• Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the Global Chatbot Market based on end users, applications/business models, types, product landscape, verticals, and regions:

End User Outlook (Revenue, USD Million; 2014 - 2025)

• Small Enterprises
• Medium Enterprises
• Large Enterprises

Application/Business Model Outlook (Revenue, USD Million; 2014 - 2025)

• Bots for Service
• Bots for Social Media
• Bots for Payments/Order Processing
• Bots for Marketing
• Others

Type Outlook (Revenue, USD Million; 2014 - 2025)

• Standalone
• Web-based
• Messenger-based/Third Party

Product Landscape Outlook (Revenue, USD Million; 2014 - 2025)

• Artificial Intelligence
• Marketing
• Human Intelligence

Vertical Outlook (Revenue, USD Million; 2014 - 2025)

• Healthcare
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Travel & Tourism
• E-commerce
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• South Korea
• South America
• Brazil
• Rest of South America
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-chatbot-market                     

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Erythropoietin Drugs Market Is Expected To Witness CAGR Of 11.5% During The Forecast Period 2014-2025

Global Erythropoietin (EPO) Drugs Market is expected to reach USD 17.4 billion by 2025, according to a new report by Grand View Research, Inc. Rising incidence of chronic diseases such as CKD and cancer resulting in anaemia is a major growth driver of this market.

According to the statistics published by the National Heart, Lung, and Blood Institute of the U.S. Department of Health & Human Services, over 3 million people are affected by anemia every year and this number is expected to increase over the forecast period. This showcases the need for erythropoietin-stimulating agents in the coming years.

Introduction of novel drugs and their cheaper biosimilar formulations with enhanced efficacy and cost-effectiveness is also expected to serve this industry with lucrative opportunities. For instance, development of numerous biosimilars in the European market is expected to gain traction and increase their usage rates, owing to associated benefits such as less time required for approval, cost-efficiency, and enhanced therapeutic effect.

Companies are involved in extensive R&D initiatives for development of innovative molecules and discovering new therapeutic areas for existing drugs. For instance, in April 2016, Sandoz received approval from the European Commission for use of its biosimilar Binocrit in nephrology indications, thereby extending the therapeutic area of its product portfolio.

Moreover, many of the industry players in the U.S., Europe, and Asia Pacific are involved in the development of new biosimilars. For example, Biocon’s subsidiary Syngene International entered into an agreement with Bristol-Myers Squibb to extend their drug discovery and development program in India. This enables Biocon to enhance its erythropoietin drugs portfolio. Expected product approvals in the coming years are anticipated to fuel market growth.

Full Research Report on Global Erythropoietin Drugs Market Analysis:
http://www.grandviewresearch.com/industry-analysis/erythropoietin-epo-drugs-market

Further key findings from the study suggest:

• The biologics segment is declining over the forecast period owing to patent expiration of branded biologics and introduction of biosimilars in the market
• The patent for Aranesp (darbepoetin-alfa) will expire in 2024 in the U.S. and is expected to provide numerous future growth opportunities for new market entrants
• Epoetin-alfa held the largest share of product segment owing to its early introduction in the U.S. market and patent protection
• Epoetin-omega and epoetin-zeta are anticipated to exhibit lucrative growth over the forecast period owing to associated benefits such as longer half-life and enhanced therapeutic effects
• Use of erythropoietin drugs for treatment of renal diseases held a dominant share as of 2016 owing to the increasing incidence of chronic kidney diseases
• The Asia Pacific regional industry for erythropoietin-stimulating agents is expected to witness lucrative CAGR during the forecast period
• Industry participants are focusing on the discovery of new therapeutic areas for existing drugs and development of cost-effective biosimilars, thereby increasing R&D activities for the development of erythropoietin drugs.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the Global Erythropoietin (EPO) Drugs Market on the basis of the drug class, product, application, and region:

Erythropoietin Drugs Drug class Outlook (Revenue, USD Million, 2014 - 2025)

• Biologics
• Biosimilar

Erythropoietin Drugs Product Outlook (Revenue, USD Million, 2014 - 2025)

• Epoetin-alfa
• Epoetin-beta
• Darbepoetin-alfa
• Others

Erythropoietin Drugs Application Outlook (Revenue, USD Million, 2014 - 2025)

• Cancer
• Hematology
• Renal Diseases
• Neurology

Erythropoietin Drugs Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-erythropoietin-epo-drugs-market                         

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Disposable Medical Sensors Market Size Is Projected To Reach $12.3 Billion By 2025

Global Disposable Medical Sensors Market is expected to reach USD 12.3 billion by 2025, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic diseases has been observed to be a major factor driving growth which is demanding for better healthcare service provision by high quality diagnostic and monitoring devices. These devices will enable patients to self-monitor and along with easy and affordable usage. In addition, the rapidly rising technological advancements is expected to bring in innovation in medical sensors.

The market is also being driven by government initiatives to fund and encourage R&D which in turn will help in launching innovative products. For instance, the government of India increased the health expenditure from 1.4% to 2.5% for innovations, and other healthcare services. Innovations in medical sensors not only instill ease of use but also assist in making the device portable and automated.

On the basis of product, the biosensor segment is accounted to be the spearhead in 2016 and is expected to maintain its dominance over the forecast period. This can be attributed to the rising demand for rapid and accurate diagnostic kit. Development of such diagnostic tools is expected to further create new growth opportunities for biosensors, thereby supporting growth of the disposable medical sensors market. Launching of new products are expected to fuel market growth. For instance, Raiing Medical launched wearable thermometer in 2016 that is rechargeable and waterproof. Similarly, MEMSIC Inc. launched new pressure sensor in 2017 which is used in breath detection.

Full Research Report on Global Disposable Medical Sensors Market Analysis:
http://www.grandviewresearch.com/industry-analysis/disposable-medical-sensors-industry

Further Key Findings From the Report Suggest:

• Globally, disposable medical sensors witnessed lucrative growth in 2016 and are expected to grow at a CAGR of 10.2% from 2017 to 2025
• Biosensor segment has been observed to be the largest product segment in 2016 and is estimated to generate revenue of over USD 6.03 billion by 2025
• On the basis of application, the diagnostic segment is expected to dominate the market space. This is attributed to the increasing incidence of various infectious and other chronic conditions, along with the growing awareness among the population.
• The industry in Asia Pacific is expected to witness substantial growth over the next decade owing to the increasing incidence of diseases and the geriatric population with high unmet healthcare needs.
• Some of the key players in this industry are Medtronic, Philips, GE Healthcare, OmniVision Technologies, Sensiorion AG, Smiths Medical, and Analog Devices.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Global Disposable Medical Sensors Market on the basis of product, distribution channel, end use, and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

• Biosensors
• Pressure sensors
• Accelerometer sensors
• Temperature sensors
• Image sensors

Type Outlook (Revenue, USD Million, 2014 - 2025)

• Strip sensors
• Wearable sensors
• Implantable sensors
• Invasive sensors
• Ingestible sensors

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Diagnostic
• Therapeutic
• Patient monitoring

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Mexico
• Middle East Asia
• South Africa
• Saudi Arabia

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-disposable-medical-sensors-market                        

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Cell Line Development Market Is Anticipated To Reach $6.24 Billion By 2022

Global Cell Line Development Market size is expected to reach USD 6.24 billion by 2022, according to a new report by Grand View Research, Inc. The Increasing demand for monoclonal antibodies and patent expiration of blockbuster biologics are expected to drive the cell line development industry over the forecast period.

Increasing prevalence of autoimmune diseases and cancer are likely to increase the demand for accurate and cost effective treatment options which is expected to render a positive impact on market growth. In addition, improving healthcare infrastructure, economic development and favorable government initiatives promoting the growth of the biotechnology industry are factors contributing towards the growth of the cell line development market.

Ongoing R&D for stable & authentic cell lines and the introduction of technologically advanced processes such as single use bioreactor and micro bioreactor for large scale bioproduction are further expected to provide this market with lucrative future growth opportunities.

Full Research Report On Global Cell Line Development Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cell-line-development-market

Further key findings from the study suggest:

• Reagent and media was the largest product market in 2014, owing to increasing number of cell culture procedures. Reagent and media are necessary components involved in cell line development procedures & cell culture and are cost intensive in nature. The market for reagent and media was valued at over 1.0 billion in 2014.
• Mammalian cell lines were widely used as a source for cell line development in 2014, owing to associated advantages such as accurate complex protein expression nature, critical for the production of monoclonal antibodies, vaccines, and biologics.
• Cell line development finds the largest application in the bioproduction of biologics, vaccines, Mabs, therapeutic proteins and biosimilars. Rising demand for monoclonal antibodies and vaccines are expected to boost the growth of this segment over the forecast period. The market for cell line development based bioproduction is also expected to witness lucrative growth of over 12.5% during the forecast period.
• North America was the largest market in 2014, with revenue estimated at over 800 million. The region’s market dominance is attributed to factors such as the growing adoption rates of cell culture techniques, presence of well developed healthcare infrastructure, supportive government initiatives and high healthcare expenditure levels.
• Asia Pacific cell line development market is anticipated to register rapid growth over the forecast period owing to factors such as the presence of high unmet needs, rising number of CROs (Contract Research Organization) providing pertinent services, growing R&D investments aimed at the development of stable cell lines and increasing biologics production.
• Key players in this market include European Collection of cell Cultures (ECACC), Lonza Group AG, GE Healthcare, Thermo Fisher Scientific Inc., Sartorious AG, Selexis SA, Wuxi AppTec Inc., Sigma-Aldrich Corporation, American Type Culture Collection (ATCC) and Corning Inc. 

View more reports of this category by Grand View Research at: 

http://www.grandviewresearch.com/industry/clinical-diagnostics

For the purpose of this study, Grand View Research has segmented the Global Cell Line Development Market on the basis of product, source, type of cell line, application and region:

Global Cell Line Development Product Outlook (Revenue, USD Million, 2012 - 2022)

·         Reagents and media

·         Equipment Accessories and consumables

§  Incubators

§  Centrifuges

§  Bioreactors

§  Storage equipment

§  Microscopes

Global Cell Line Development Source Outlook (Revenue, USD Million, 2012 - 2022)

·         Mammalian

·         Non mammalian

§  Insects

§  Amphibians

Global Cell Line Development Type Of Cell Line Outlook (Revenue, USD Million, 2012 - 2022)

·         Recombinant cell lines

·         Hybridomas

·         Continuous cell line

·         Primary cell lines

Global Cell Line Development Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Bioproduction

·         Drug discovery

·         Toxicity testing

·         Tissue engineering

·         Research

Cell Line Development Regional Outlook (Revenue, USD Billion, 2014 - 2022)

·         North America

§  U.S.

§  Canada

·         Europe

§  Germany

§  UK

·         Asia Pacific

§  China

§  Japan

§  India

·         Latin America

§  Mexico

§  Brazil

·         MEA

§  South Africa

View Press Release of this research report by Grand View Research: 

http://www.grandviewresearch.com/press-release/global-cell-line-development-market                       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Heat Transfer Fluids Market Is Projected Growing At A CAGR Of 6.1% From 2015 To 2022

Global Heat Transfer Fluids Market is expected to reach USD 3.68 billion by 2022, according to a new study by Grand View Research, Inc. Imminent need to manage excessive heat in several manufacturing industries including automotive, metal processing, pharmaceuticals, and food processing is a major factor driving heat transfer fluid demand across the globe. Surging requirement for application specific fluids with optimum thermal coefficient is also anticipated to fuel industry growth over the forecast period. Rapid industrialization in BRICS markets is expected to help in market development over the forecast period. 

Stringent environment regulations coupled with volatile raw material prices are expected to pose threat to industry profitability. Development of bio-based or water-based heat transfer fluids is anticipated to create lucrative opportunities for industry participants. 

Silicone & aromatics formed the largest product segment with demand share exceeding 40% in 2014.

The segment is expected to gain share over next seven years on account of increasing  requirement for synthetic thermal oils in these applications is expected to drive the product market over the forecast period. Glycols are expected to witness maximum gains in its market size over the forecast period on account of excellent antifreeze properties. 

Full Research Report on Global Heat Transfer Fluids Market Analysis:
http://www.grandviewresearch.com/industry-analysis/heat-transfer-fluids-market

Further key findings from the study suggest:

• Global heat transfer fluids market demand was 465.9 kilo tons in 2014 and is expected to reach 745.3 kilo tons by 2022, growing at a CAGR of 6.1% from 2015 to 2022
• Oil & gas was the leading application segment and accounted for 23.8% of total market volume in 2014. HTF demand in this segment is expected to witness a modest growth over the forecast period. Increasing use of heating oil in offshore oil & gas thermal processes is anticipated to fuel market growth.
• CSP is expected to witness significant gains in its size over the forecast period on account of growing energy demand and favorable government initiatives particularly in Spain, U.S. and Middle East.
• Europe was the largest regional market and accounted for over 30% of global demand in 2014. Power and energy sector is highly active in these regions owing to high energy requirements from industrial sectors. Large scale urbanization coupled with increased usage of automobiles is expected to steer the demand for coolants and other heat transfer fluids.
• Asia Pacific is expected to witness the highest growth of 7.0% from 2015 to 2022 on account of growing chemical and food & beverage industry in China, India and Indonesia.
• Major companies operating in global heat transfer fluids market include Dow Chemicals, Shell, ExxonMobil, Eastman Company, BASF, Huntsman Corporation, Chevron Corporation.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the heat transfer Global Fluids Market on the basis of product, application and region:

Global Heat Transfer Fluids Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Silicone & Aromatics
• Mineral Oils
• Glycol-Based Fluids
• Others

Global Heat Transfer Fluids Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Oil & Gas
• Chemical
• Concentrated Solar Power (CSP)
• Food & Beverages
• Plastics
• Pharmaceuticals
• Heating, Ventilating & Air Conditioning (HVAC)
• Others

Global Heat Transfer Fluids Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific Middle East & Africa
• China
• India
• Japan
• Central & South America

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-heat-transfer-fluids-market                      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com