The global thermic fluids market was expected to grow from USD 2.26 billion in 2021 to reach USD 3.52 billion by 2028 at an impressive CAGR of 6.44% during the forecast period of 2022-2028.
Market Drivers:
These factors are expected to boost the demand for the market in the coming year:
The increasing requirements for major finished industries such as chemical, pharmaceutical, oil and gas and plastics.
The steady growth of the oil, gas, and chemical industries.
The rising demand for thermic fluids in increasing the efficiency of concentrated solar power plants.