New York , Oct. 17, 2023 (GLOBE NEWSWIRE) — The global Heat Transfer Fluids Market size is projected to grow at a CAGR of over 13% from 2023 to 2035. The market is expected to garner a revenue of USD 20 billion by the end of 2035, up from a revenue of USD 5 billion in the year 2022. The growth of the sector is set to be encouraged by growing demand for automotive. Nearly 65 million cars were sold worldwide in 2021, however, the total sales rose to about 66 million in 2022. However, automotive has scope for more heating which is why the market demand for heating transfer fluids is rising.

(GlobeNewsWire)