Heat Transfer Fluids (HTFs) Heat Transfer Fluids (HTFs) are critical for efficient thermal management across numerous industries, facilitating heat transfer between equipment components to prevent overheating, store thermal energy, and maintain stable temperatures. These fluids are indispensable for heating and cooling processes, ensuring seamless industrial operations. HTFs are extensively utilized in HVAC systems, air conditioners, heat pumps, and industrial machinery. Key industries such as chemical processing, oil & gas, plastics & polymers, and solar energy depend heavily on HTFs, particularly in extreme temperature environments.

The global Heat Transfer Fluids market, valued at USD 8.25 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 2.3%, reaching USD 10.79 billion by 2035.

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