(EMAILWIRE.COM, September 05, 2023 ) The report "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", According to MarketsandMarkets, the 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 thermal management solutions market is mainly driven by the increase in consumer awareness and growing demand in end-use industries like energy & power, oil & gas, plastic & fiber, petrochemical & chemical, HVAC, among other industries. Moreover, it is also driven by the rapidly developing market in the Asia Pacific region.

Browse in-depth TOC on "Thermal Management Solutions Market”

294 - Market Data Tables
57 - Figures
286 - Pages

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265534640

Renewable Energy industry is projected to grow at fastest CAGR, in terms of value, during the forecast period.

The growth of the renewable energy industry in the thermal management solutions market is being fueled by several factors, including rising demand for renewable energy, favorable government policies, technological advancements, environmental advantages, and cost competitiveness. Moreover, the renewable energy industry is expanding its utilization of thermal management solutions because many renewable energy technologies, such as solar panels and wind turbines, require efficient and reliable thermal management systems to function optimally. These systems play a crucial role in regulating the temperature of components and preventing overheating or freezing, which can lead to system failure and reduced energy efficiency. As a result, there is a corresponding rise in the demand for thermal management solutions in this market.

Silicon Polymer type is projected to be the largest growing type in the thermal management solutions market, in terms of value.

Silicon polymers are ideal for use in high-temperature applications where other types of thermal management solutions may degrade or break down, as they can withstand extreme temperatures. They possess excellent heat transfer properties, enabling efficient transfer of heat from one point to another. In addition, they are typically low in toxicity and environmentally friendly, as they do not contain harmful chemicals or heavy metals. Therefore, the combination of high thermal stability, outstanding thermal performance, versatility, energy efficiency, and environmental friendliness has contributed to the rapid growth of silicon polymer-based thermal management solutions in various industrial applications.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=265534640

Asia Pacific is expected to be the fastest growing market for thermal management solutions during the forecast period, in terms of value.

The Asia Pacific region's availability of low-cost raw materials and labor has attracted foreign manufacturers to establish their manufacturing plants, and government initiatives against global warming will boost the thermal management solutions market in the region. Additionally, the rising application of thermal management solutions in industries such as Energy & Power, Oil & Gas, Plastic & Fiber, Petrochemical & Chemical, and HVAC will further drive the thermal management solutions market. The region's low living standards and low disposable income of the people may lead to price reductions of thermal management solutions.

New product launches, acquisitions, investments, and expansions are major growth strategies adopted by key players in the market. The key global players in the thermal management solutions market include 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 (Germany), and Dupont (US).

Don't miss out on business opportunities in Thermal Management Solutions Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=265534640

The Dow Chemical Company is one of the leading manufacturers and marketers of chemical products. The company has organized its operations through four segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, Performance Materials & Coatings, and Corporate. It offers thermal management solutions through its Industrial Intermediaries & Infrastructure segment and manufactures under the brand name Dowtherm and Ucartherm. It offers thermal management solutions in three different chemistries, including synthetic organic, inhibited glycols, and silicone.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com