Heat transfer fluids (HTFs) rarely get attention, but chemical plants, refineries, food processors, solar power stations, and HVAC systems all depend on them to move heat efficiently and safely. According to Grand View Research, the global heat transfer fluids market was valued at USD 11.9 billion in 2025. It is estimated at USD 12.3 billion in 2026 and is projected to reach USD 15.9 billion by...
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