Thermal Management Solutions Market by Type (Water, Gas/Steam, Alkyl Benzenes, Mineral Oils, Synthetic Fluids, Silicon Polymer, Glycol, Molten Salts), Form, Temperature Class, Package Type, End-Use Industry, and Region - Global Forecast to 2028

Abstract
The global thermal management solutions market is projected to reach USD 6.1 billion by 2028, at a CAGR of 5.9% from USD 4.3 billion in 2022. The market is expected to experience significant growth opportunities due to rising demand from emerging markets and growing consumer awareness, which will benefit thermal management solutions manufacturers.

“The Energy & Power accounted for the largest share in the end-use industry segment of thermal management solutions market in terms of value.”

Thermal management solutions play a crucial role in the energy and power sector, as they help in maintaining the optimal temperature for various systems. They are widely used in thermal power plants, nuclear power plants, solar power plants, and oil and gas refineries.

These solutions facilitate the transfer and control of heat, enabling the systems to function efficiently. The demand for renewable energy sources and sustainable heat transfer solutions has contributed to the growth of the thermal management solutions market in the energy and power sector. The adoption of environmentally friendly solutions has become increasingly necessary to mitigate the impact of industrial activities on the environment.

“Glycol accounted for the third largest share in the type segment of thermal management solutions market, in terms of value.”

Glycol-based thermal management solutions are frequently utilized in a variety of industrial applications due to their exceptional thermal characteristics and adaptability. These fluids are typically composed of glycol, which is a type of organic compound that can be derived from ethylene or propylene. These fluids are known for their high thermal stability, low toxicity, and excellent heat transfer efficiency.

They are commonly used in systems that require freeze protection, such as HVAC systems, refrigeration systems, solar thermal systems, and geothermal systems. Glycol-based thermal management solutions are capable of operating over a wide temperature range, making them suitable for both heating and cooling applications.

“South America is estimated to be the second-largest market for thermal management solutions.”

South America's varying climate conditions, ranging from tropical to subpolar, make it necessary to use thermal management solutions in various applications, including space and district heating, and industrial processes. The region's significant agricultural sector, which produces crops like sugarcane, coffee, and soybeans, requires thermal management solutions for processing and preservation.

Additionally, the growing industrial base, including sectors like petrochemicals, food and beverage, and pharmaceuticals, relies on thermal management solutions for efficient heat transfer in manufacturing processes. The increasing focus on renewable energy sources such as solar and biomass in South America has driven the demand for thermal management solutions in solar thermal systems and bioenergy production. Favourable government policies, growing investments in infrastructure, and technological advancements are also contributing to the growth of the thermal management solutions market in South America.

To determine and verify the market size of various segments, in-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from key organizations in the thermal management solutions market.

The information gathered from these interviews was combined with secondary research.
•By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
•By Designation: C Level Executives– 35%, Directors – 25%, and Others – 40%
•By Region: APAC – 40%, Europe – 20%, North America – 30%, the Middle East & Africa –5%, and South America- 5%

The key players in this market are The Dow Chemical Company (US), Eastman Chemical Company (US), ExxonMobil (US), Chevron (US), Huntsman Corporation (US), Shell PLC (UK), Lanxess (Germany), Clariant AG (Germany), Wacker Chemie (AG), and Dupont (US).

Research Coverage
The report provides a comprehensive segmentation of the thermal management solutions market based on form, type, temperature, package type, end-use industry, and region. It also includes estimations of the overall market value in various regions. In addition, the report offers a detailed analysis of key industry players, their business profiles, product and service offerings, key strategies, new product launches, expansion plans, and mergers and acquisitions related to the thermal management solutions market. This analysis provides insights into the competitive landscape and helps in identifying opportunities for growth and expansion in the market.

Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the thermal management solutions market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
•Analysis of drivers (Rapid industrialization & renewable energy policies In Asia Pacific, Growing number of solar projects, increased use of heat transfer fluids to reduce operating costs and save energy), restraints (Volatile raw material prices), opportunities (increasing need for energy conservation and clean energy, Government schemes focused on energy efficiency & renewable energy) and challenges (Fire & explosion hazards related to heat transfer fluids) influencing the growth of thermal management solutions market.
•Market Penetration: Comprehensive information on thermal management solutions market offered by top players in the global market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the thermal management solutions market.
•Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for thermal management solutions market across regions.
•Market Capacity: Production capacities of companies producing thermal management solutions are provided wherever available with upcoming capacities for the market.
•Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the thermal management solutions market

Content
Table of Contents

1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.2.1INCLUSIONS & EXCLUSIONS40
TABLE 1THERMAL MANAGEMENT SOLUTIONS MARKET: INCLUSIONS & EXCLUSIONS40
1.3STUDY SCOPE40
1.3.1MARKETS COVERED40
FIGURE 1THERMAL MANAGEMENT SOLUTIONS: MARKET SEGMENTATION40
1.3.2REGIONS COVERED41
1.3.3YEARS CONSIDERED41
1.4CURRENCY CONSIDERED42
1.5UNIT CONSIDERED42
1.6LIMITATIONS42
1.7STAKEHOLDERS42
1.8SUMMARY OF CHANGES43
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 2THERMAL MANAGEMENT SOLUTIONS MARKET: RESEARCH DESIGN44
2.1.1SECONDARY DATA45
2.1.1.1Key data from secondary sources45
2.1.2PRIMARY DATA46
2.1.2.1Key data from primary sources46
2.1.2.2Primary interviews – demand and supply side46
2.1.2.3Key industry insights47
2.1.2.4Breakdown of primary interviews47
2.2MARKET SIZE ESTIMATION48
2.2.1BOTTOM-UP APPROACH48
FIGURE 3THERMAL MANAGEMENT SOLUTIONS MARKET: BOTTOM-UP APPROACH48
2.2.2TOP-DOWN APPROACH49
FIGURE 4THERMAL MANAGEMENT SOLUTIONS MARKET: TOP-DOWN APPROACH49
FIGURE 5THERMAL MANAGEMENT SOLUTIONS: MARKET SIZE ESTIMATION49
2.3CONTRIBUTION OF DRIVERS TOWARD MARKET GROWTH50
FIGURE 6MARKET PROJECTIONS50
2.4DATA TRIANGULATION50
FIGURE 7THERMAL MANAGEMENT SOLUTIONS MARKET: DATA TRIANGULATION51
2.5FACTOR ANALYSIS51
2.6RESEARCH ASSUMPTIONS52
2.7RESEARCH LIMITATIONS & RISK ANALYSIS52
3EXECUTIVE SUMMARY53
FIGURE 8MINERAL OIL SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD53
FIGURE 9NON-AQUEOUS SEGMENT TO DOMINATE THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD54
FIGURE 10LOW-TEMPERATURE SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD54
FIGURE 11DRUMS SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD55
FIGURE 12CHEMICAL & PETROCHEMICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 202356
FIGURE 13ASIA PACIFIC LED THERMAL MANAGEMENT SOLUTIONS MARKET IN 202257
4PREMIUM INSIGHTS58
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN THERMAL MANAGEMENT SOLUTIONS MARKET58
FIGURE 14GROWING DEMAND FOR CSP TECHNOLOGY TO DRIVE MARKET58
4.2ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY AND COUNTRY58
FIGURE 15CHINA AND ENERGY & POWER SEGMENT LED THERMAL MANAGEMENT SOLUTIONS MARKET IN ASIA PACIFIC IN 202258
4.3THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE59
FIGURE 16WATER TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD59
4.4THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE59
FIGURE 17BULK CONTAINERS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD59
4.5THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT FORM60
FIGURE 18NON-AQUEOUS FORM TO BE SECOND-LARGEST MARKET SEGMENT DURING FORECAST PERIOD60
4.6THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS60
FIGURE 19HIGH-TEMPERATURE THERMAL MANAGEMENT SOLUTIONS TO BE FASTER-GROWING SEGMENT DURING FORECAST PERIOD60
4.7THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY61
FIGURE 20OIL & GAS SEGMENT TO BE THIRD-LARGEST END-USE INDUSTRY DURING FORECAST PERIOD61
4.8THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY62
FIGURE 21INDIA TO BE FASTEST-GROWING THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD62
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS63
FIGURE 22DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THERMAL MANAGEMENT SOLUTIONS MARKET63
5.2.1DRIVERS64
5.2.1.1Rapid industrialization and supportive renewable energy policies in Asia Pacific64
FIGURE 23INDUSTRIAL DEVELOPMENTS IN ASIA PACIFIC IN 202164
5.2.1.2Growing number of concentrated solar power projects65
TABLE 2CONCENTRATED SOLAR POWER PLANTS WORLDWIDE65
5.2.1.3Increased use of thermal management solutions to reduce operating costs and save energy66
5.2.2RESTRAINTS66
5.2.2.1Volatile raw material prices66
5.2.3OPPORTUNITIES66
5.2.3.1Increasing need for energy conservation and clean energy66
5.2.3.2Government schemes focused on energy efficiency and renewable energy66
5.2.4CHALLENGES67
5.2.4.1Fire and explosion hazards related to thermal management solutions67
5.3PORTER'S FIVE FORCES ANALYSIS68
FIGURE 24THERMAL MANAGEMENT SOLUTIONS MARKET: PORTER'S FIVE FORCES ANALYSIS68
TABLE 3THERMAL MANAGEMENT SOLUTIONS MARKET: PORTER'S FIVE FORCES ANALYSIS68
5.3.1BARGAINING POWER OF BUYERS69
5.3.2BARGAINING POWER OF SUPPLIERS69
5.3.3THREAT OF NEW ENTRANTS69
5.3.4THREAT OF SUBSTITUTES69
5.3.5INTENSITY OF COMPETITIVE RIVALRY70
5.4VALUE CHAIN ANALYSIS70
FIGURE 25OVERVIEW OF THERMAL MANAGEMENT SOLUTIONS MARKET VALUE CHAIN70
5.4.1RAW MATERIAL SUPPLIERS71
5.4.2THERMAL MANAGEMENT SOLUTION MANUFACTURERS71
5.4.3DISTRIBUTORS71
5.4.4END USERS71
5.5ECOSYSTEM72
FIGURE 26ECOSYSTEM OF THERMAL MANAGEMENT SOLUTIONS MARKET72
TABLE 4THERMAL MANAGEMENT SOLUTIONS MARKET: ROLE OF STAKEHOLDERS
IN ECOSYSTEM73
5.6RECESSION IMPACT73
5.7PRICING ANALYSIS74
5.7.1AVERAGE SELLING PRICE, BY REGION74
FIGURE 27THERMAL MANAGEMENT SOLUTION PRICES IN DIFFERENT REGIONS,
2022 (USD/KG)74
5.7.2AVERAGE SELLING PRICE, BY PRODUCT TYPE75
TABLE 5THERMAL MANAGEMENT SOLUTION PRICES FOR DIFFERENT PRODUCT TYPES, 2022(USD/KG)75
5.7.3AVERAGE SELLING PRICE, BY KEY PLAYER75
FIGURE 28AVERAGE SELLING PRICE OF THERMAL MANAGEMENT SOLUTIONS OFFERED BY KEY PLAYERS, BY END-USE INDUSTRY75
5.8TRADE ANALYSIS76
5.8.1IMPORT–EXPORT SCENARIO OF THERMAL MANAGEMENT SOLUTIONS MARKET76
TABLE 6IMPORT TRADE DATA FOR THERMAL MANAGEMENT SOLUTIONS76
TABLE 7EXPORT TRADE DATA FOR THERMAL MANAGEMENT SOLUTIONS77
5.9MACROECONOMIC DATA78
TABLE 8REAL AND PROJECTED GDP GROWTH OF KEY COUNTRIES, 2018–2025 (ANNUAL PERCENTAGE)78
5.9.1OIL PRODUCTION DATA79
TABLE 9OIL PRODUCTION DATA, BY COUNTRY, 2019–2021 (MILLION TONS79
5.9.2RENEWABLE ENERGY PRODUCTION DATA80
TABLE 10RENEWABLE ENERGY GENERATION DATA, BY COUNTRY, 2019–2021 (TERAWATT HOURS)80
5.9.3AUTOMOTIVE PRODUCTION DATA81
TABLE 11AUTOMOTIVE PRODUCTION DATA, BY COUNTRY, 2019–2021 (MILLION UNIT)81
5.10TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS82
FIGURE 29RISE IN ADOPTION OF RENEWABLE ENERGY TO INFLUENCE THERMAL MANAGEMENT SOLUTIONS MARKET82
5.11CASE STUDY ANALYSIS82
5.11.1THE DOW CHEMICAL COMPANY OFFERS THERMAL MANAGEMENT SOLUTIONS TO THE UNIVERSITY OF NORTH DAKOTA (UND) IN GRAND FORKS FOR PROVIDING PEAK PERFORMANCE AT UND AND IMPROVING THE HEATING AND COOLING SYSTEMS OF RALPH ENGELSTAD ARENA IN DIFFERENT SEASONS82
5.11.2EASTMAN CHEMICAL COMPANY PROVIDES THERMINOL THERMAL MANAGEMENT SOLUTIONS TO ROTTERDAM FACILITY OF INDORAMA VENTURES FOR CONTINUING WITH ITS PRODUCTION83
5.11.3CHROMALOX AND EASTMAN MEET HIGH-TEMPERATURE DEMANDS OF CHEMICAL PRODUCTION PLANT83
5.12KEY CONFERENCES AND EVENTS, 2023–202484
TABLE 12THERMAL MANAGEMENT SOLUTIONS MARKET: CONFERENCES AND EVENTS84
5.13FACTORS INFLUENCING BUYING DECISIONS85
5.13.1QUALITY85
5.13.2SERVICES85
FIGURE 30KEY BUYING CRITERIA85
TABLE 13THERMAL MANAGEMENT SOLUTIONS MARKET: KEY BUYING CRITERIA AND RATINGS86
5.14TARIFF AND REGULATORY LANDSCAPE86
5.14.1ASIA PACIFIC86
5.14.2EUROPE87
5.14.3NORTH AMERICA87
5.14.3.1US87
5.14.3.2Canada88
TABLE 14LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS88
 
5.15PATENT ANALYSIS89
5.15.1METHODOLOGY89
5.15.2PATENTS GRANTED WORLDWIDE, 2012–202289
TABLE 15TOTAL NUMBER OF PATENTS90
FIGURE 31TOTAL NUMBER OF PATENTS (2012–2022)90
5.15.3PATENT PUBLICATION TRENDS90
FIGURE 32TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS90
5.15.4INSIGHTS90
5.15.5LEGAL STATUS OF PATENTS91
FIGURE 33PATENT ANALYSIS, BY LEGAL STATUS91
5.15.6JURISDICTION-WISE PATENT ANALYSIS91
FIGURE 34TOP JURISDICTIONS FOR THERMAL MANAGEMENT SOLUTION PATENTS91
5.15.7TOP COMPANIES/APPLICANTS92
FIGURE 35TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS92
5.15.8TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS92
TABLE 16TOP 10 PATENT OWNERS92
5.16MATERIAL ANALYSIS93
5.17TECHNOLOGY ANALYSIS94
6THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE95
6.1INTRODUCTION96
FIGURE 36DRUMS SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD96
TABLE 17THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)96
TABLE 18THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)97
TABLE 19THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (KILOTON)97
TABLE 20THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (KILOTON)97
6.2DRUMS98
6.2.1PROVIDES EASE OF TRANSPORTATION WITH COST-EFFECTIVENESS98
6.3BULK CONTAINERS98
6.3.1TRANSPORTATION OF LARGE AMOUNTS OF THERMAL MANAGEMENT SOLUTIONS WITH EASE98
7THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE99
7.1INTRODUCTION100
FIGURE 37MINERAL OIL SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD100
TABLE 21THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)101
TABLE 22THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)102
TABLE 23THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (KILOTON)103
TABLE 24THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)104
7.2ALKYL BENZENE104
7.2.1INCREASED USE IN HIGH-TEMPERATURE APPLICATIONS DUE TO HIGH THERMAL STABILITY104
7.3MINERAL OIL105
7.3.1WIDELY USED IN CHEMICAL AND OIL & GAS INDUSTRIES105
7.4SYNTHETIC FLUID105
7.4.1SUITABLE FOR HIGH-TEMPERATURE APPLICATIONS105
7.5SILICON POLYMER106
7.5.1RISING DEMAND FROM FOOD & BEVERAGE AND PHARMACEUTICAL INDUSTRIES106
7.6GLYCOL-BASED FLUID106
7.6.1ANTI-CORROSIVE ADDITIVES REDUCE MAINTENANCE COSTS106
7.7WATER107
7.7.1NUMEROUS APPLICATIONS IN VARIOUS INDUSTRIES107
7.8STEAM107
7.8.1EASY AVAILABILITY AND COST-EFFECTIVENESS DRIVE DEMAND IN POWER GENERATION INDUSTRY107
7.9OTHERS108
8THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM109
8.1INTRODUCTION110
FIGURE 38NON-AQUEOUS SEGMENT TO DOMINATE THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD110
TABLE 25THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (USD MILLION)110
TABLE 26THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (USD MILLION)111
TABLE 27THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (KILOTON)111
TABLE 28THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (KILOTON)111
8.2AQUEOUS FORM112
8.2.1PREVENTS CORROSION, FREEZING, SCALING, AND FOULING OF EQUIPMENT112
8.3NON-AQUEOUS FORM112
8.3.1DESIGNED FOR HIGH-TEMPERATURE INDUSTRIAL APPLICATIONS112
8.4GASEOUS FORM113
8.4.1SUITABLE FOR BOTH LOW-TEMPERATURE AND HIGH-TEMPERATURE APPLICATIONS113
 
9THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS114
9.1INTRODUCTION115
FIGURE 39LOW-TEMPERATURE SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD115
TABLE 29THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (USD MILLION)115
TABLE 30THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (USD MILLION)116
TABLE 31THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (KILOTON)116
TABLE 32THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (KILOTON)116
9.2HIGH-TEMPERATURE THERMAL MANAGEMENT SOLUTIONS116
9.2.1HIGH THERMAL STABILITY ELIMINATES CORROSION AND DEGRADATION116
9.3LOW-TEMPERATURE THERMAL MANAGEMENT SOLUTIONS117
9.3.1UTILIZED IN VARIOUS END-USE INDUSTRIES DUE TO EFFICIENT HEAT TRANSFER BELOW FREEZING POINT117
10THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY118
10.1INTRODUCTION119
FIGURE 40CHEMICAL & PETROCHEMICAL SEGMENT TO LEAD THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY119
TABLE 33THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)120
TABLE 34THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)121
TABLE 35THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)122
TABLE 36THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)122
10.2ENERGY & POWER123
10.2.1THERMAL MANAGEMENT SOLUTIONS FIND APPLICATION IN STEAM GENERATION IN POWER GENERATION123
10.2.2NON-RENEWABLE ENERGY123
10.2.3RENEWABLE ENERGY123
10.3CHEMICAL & PETROCHEMICAL124
10.3.1THERMAL MANAGEMENT SOLUTIONS USED IN CHEMICAL PROCESSING INDUSTRIES FOR DISTILLATION AND CRYSTALLIZATION PURPOSES124
10.4OIL & GAS125
10.4.1THERMAL MANAGEMENT SOLUTIONS USED IN HEATING & COOLING OF EQUIPMENT, PROCESS HEATING, AND TEMPERATURE CONTROL125
10.5PLASTIC & FIBER PROCESSING INDUSTRY125
10.5.1WATER AND MINERAL OIL COMMONLY USED THERMAL MANAGEMENT SOLUTIONS IN PLASTIC PROCESSING INDUSTRY125
 
10.6AUTOMOBILE125
10.6.1ENGINE OILS, BATTERIES, COMPRESSORS, AUTOMATIC TRANSMISSION, AND MOTORS UTILIZE THERMAL MANAGEMENT SOLUTIONS125
10.7FOOD & BEVERAGE126
10.7.1WATER AND GLYCOL-BASED THERMAL MANAGEMENT SOLUTIONS FIND APPLICATION IN FOOD & BEVERAGE INDUSTRY126
10.8PHARMACEUTICAL126
10.8.1SILICONE FLUID USED IN PHARMACEUTICAL INDUSTRY FOR ITS BROAD OPERATING TEMPERATURE RANGE126
10.9HVAC126
10.9.1DUCT HEATING, BOILERS, FLANGED HEATERS, AND THERMAL ENERGY STORAGE SYSTEMS UTILIZE THERMAL MANAGEMENT SOLUTIONS IN HVAC SYSTEMS126
10.10DATA CENTERS127
10.10.1THERMAL MANAGEMENT SOLUTIONS USED FOR ABSORBING HEAT GENERATED BY SERVERS AND IT EQUIPMENT127
10.11OTHERS127
11THERMAL MANAGEMENT SOLUTIONS MARKET, BY REGION128
11.1INTRODUCTION129
FIGURE 41INDIA TO BE FASTEST-GROWING THERMAL MANAGEMENT SOLUTIONS MARKET DURING FORECAST PERIOD129
TABLE 37THERMAL MANAGEMENT SOLUTIONS MARKET, BY REGION, 2019–2022 (USD MILLION)129
TABLE 38THERMAL MANAGEMENT SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)130
TABLE 39THERMAL MANAGEMENT SOLUTIONS MARKET, BY REGION, 2019–2022 (KILOTON)130
TABLE 40THERMAL MANAGEMENT SOLUTIONS MARKET, BY REGION, 2023–2028 (KILOTON)130
11.2ASIA PACIFIC131
FIGURE 42ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET SNAPSHOT132
TABLE 41ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)132
TABLE 42ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)133
TABLE 43ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (KILOTON)133
TABLE 44ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (KILOTON)133
TABLE 45ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)134
TABLE 46ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)135
TABLE 47ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (KILOTON)136
TABLE 48ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)137
TABLE 49ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (USD MILLION)137
TABLE 50ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (USD MILLION)137
TABLE 51ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (KILOTON)138
TABLE 52ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (KILOTON)138
TABLE 53ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)138
TABLE 54ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)138
TABLE 55ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (KILOTON)139
TABLE 56ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (KILOTON)139
TABLE 57ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (USD MILLION)139
TABLE 58ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (USD MILLION)139
TABLE 59ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (KILOTON)140
TABLE 60ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (KILOTON)140
TABLE 61ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)140
TABLE 62ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)141
TABLE 63ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)141
TABLE 64ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)142
11.2.1CHINA142
11.2.1.1Growing demand from energy-efficient HVAC systems142
TABLE 65CHINA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)143
TABLE 66CHINA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)143
TABLE 67CHINA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)144
TABLE 68CHINA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)144
11.2.2JAPAN145
11.2.2.1Booming chemical industry to witness high demand for thermal management solutions145
TABLE 69JAPAN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)145
TABLE 70JAPAN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)146
TABLE 71JAPAN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)146
TABLE 72JAPAN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)147
11.2.3INDIA147
11.2.3.1Abundant solar energy to create new avenues for growth147
TABLE 73INDIA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)148
TABLE 74INDIA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)148
TABLE 75INDIA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)149
TABLE 76INDIA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)149
11.2.4SOUTH KOREA150
11.2.4.1Flourishing HVAC industry to drive demand150
TABLE 77SOUTH KOREA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)150
TABLE 78SOUTH KOREA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)151
TABLE 79SOUTH KOREA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)151
TABLE 80SOUTH KOREA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)152
11.2.5REST OF ASIA PACIFIC152
TABLE 81REST OF ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)153
TABLE 82REST OF ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)153
TABLE 83REST OF ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)154
TABLE 84REST OF ASIA PACIFIC: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)154
11.3EUROPE155
FIGURE 43EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET SNAPSHOT155
TABLE 85EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)156
TABLE 86EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)156
TABLE 87EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (KILOTON)156
TABLE 88EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (KILOTON)157
TABLE 89EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)157
TABLE 90EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)158
TABLE 91EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (KILOTON)159
TABLE 92EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)160
TABLE 93EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (USD MILLION)160
TABLE 94EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (USD MILLION)160
TABLE 95EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (KILOTON)161
TABLE 96EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (KILOTON)161
TABLE 97EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)161
TABLE 98EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)161
TABLE 99EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (KILOTON)162
TABLE 100EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (KILOTON)162
TABLE 101EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (USD MILLION)162
TABLE 102EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (USD MILLION)162
TABLE 103EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (KILOTON)163
TABLE 104EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (KILOTON)163
TABLE 105EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)163
TABLE 106EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)164
TABLE 107EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)164
TABLE 108EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)165
11.3.1GERMANY165
11.3.1.1Strong manufacturing sector to propel market growth165
TABLE 109GERMANY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)166
TABLE 110GERMANY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)166
TABLE 111GERMANY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)167
TABLE 112GERMANY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)167
11.3.2FRANCE168
11.3.2.1Strong base of manufacturing firms to provide impetus to use thermal management solutions168
TABLE 113FRANCE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)168
TABLE 114FRANCE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)169
TABLE 115FRANCE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)169
TABLE 116FRANCE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)170
11.3.3ITALY170
11.3.3.1Country’s strong focus on environmental protection to foster market growth170
TABLE 117ITALY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)171
TABLE 118ITALY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)171
TABLE 119ITALY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)172
TABLE 120ITALY: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)172
11.3.4UK173
11.3.4.1Rising use of renewable energy to spur demand173
TABLE 121UK: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)173
TABLE 122UK: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)174
TABLE 123UK: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)174
TABLE 124UK: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)175
11.3.5SPAIN175
11.3.5.1Production of energy using renewables to propel market growth175
TABLE 125SPAIN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)176
TABLE 126SPAIN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)176
TABLE 127SPAIN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)177
TABLE 128SPAIN: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)177
11.3.6REST OF EUROPE178
TABLE 129REST OF EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)178
TABLE 130REST OF EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)179
TABLE 131REST OF EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)179
TABLE 132REST OF EUROPE: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)180
11.4NORTH AMERICA180
TABLE 133NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)180
TABLE 134NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)181
TABLE 135NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (KILOTON)181
TABLE 136NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (KILOTON)181
TABLE 137NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)182
TABLE 138NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)183
TABLE 139NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (KILOTON)184
TABLE 140NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)185
TABLE 141NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (USD MILLION)185
TABLE 142NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (USD MILLION)185
TABLE 143NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (KILOTON)186
TABLE 144NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (KILOTON)186
TABLE 145NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)186
TABLE 146NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)186
TABLE 147NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (KILOTON)187
TABLE 148NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (KILOTON)187
TABLE 149NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (USD MILLION)187
TABLE 150NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (USD MILLION)187
TABLE 151NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (KILOTON)188
TABLE 152NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (KILOTON)188
TABLE 153NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)188
TABLE 154NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)189
TABLE 155NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)189
TABLE 156NORTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)190
11.4.1US190
11.4.1.1Increasing demand for renewable energy to boost market190
TABLE 157US: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)191
TABLE 158US: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)191
TABLE 159US: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)192
TABLE 160US: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)192
11.4.2CANADA193
11.4.2.1Expertise in emerging technologies to attract major investments193
TABLE 161CANADA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)193
TABLE 162CANADA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)194
TABLE 163CANADA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)194
TABLE 164CANADA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)195
11.4.3MEXICO195
11.4.3.1Increased foreign investments in oil & gas industry to boost market195
TABLE 165MEXICO: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)196
TABLE 166MEXICO: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)196
TABLE 167MEXICO: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)197
TABLE 168MEXICO: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)197
11.5SOUTH AMERICA198
TABLE 169SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)198
TABLE 170SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)198
TABLE 171SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2019–2022 (KILOTON)198
TABLE 172SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2023–2028 (KILOTON)199
TABLE 173SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)199
TABLE 174SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)200
TABLE 175SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2019–2022 (KILOTON)201
TABLE 176SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)202
TABLE 177SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (USD MILLION)202
TABLE 178SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (USD MILLION)202
TABLE 179SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2019–2022 (KILOTON)203
TABLE 180SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY FORM, 2023–2028 (KILOTON)203
TABLE 181SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)203
TABLE 182SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)203
TABLE 183SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2019–2022 (KILOTON)204
TABLE 184SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY PACKAGE TYPE, 2023–2028 (KILOTON)204
TABLE 185SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (USD MILLION)204
TABLE 186SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (USD MILLION)204
TABLE 187SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2019–2022 (KILOTON)205
TABLE 188SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY TEMPERATURE CLASS, 2023–2028 (KILOTON)205
TABLE 189SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)205
TABLE 190SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)206
TABLE 191SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)206
TABLE 192SOUTH AMERICA: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)207
11.5.1BRAZIL207
11.5.1.1Growing industrialization to boost market207
TABLE 193BRAZIL: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)208
TABLE 194BRAZIL: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)208
TABLE 195BRAZIL: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)209
TABLE 196BRAZIL: THERMAL MANAGEMENT SOLUTIONS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)209
11.5.2ARGENTINA210
11.5.2.1Economic recovery to favor market growth210
TABLE 197ARGENTINA: THERM