Saudi Arabia Heat Transfer Fluids Market Size, Share, Trends and Forecast by Type, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A33884

Saudi Arabia Heat Transfer Fluids Market Overview:

The Saudi Arabia heat transfer fluids market size reached USD 110.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 173.1 Million by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. Rising industrial investments, expanding chemical and oil and gas sectors, growing demand for concentrated solar power projects, and increasing focus on energy efficiency and heat recovery systems are some of the factors contributing to Saudi Arabia heat transfer fluids market share. Regulatory support for renewable energy further strengthens market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 110.8 Million
Market Forecast in 2033	USD 173.1 Million
Market Growth Rate 2025-2033	4.7%

Saudi Arabia Heat Transfer Fluids Market Trends:

Industrial Investment in Heat Transfer Infrastructure

Saudi Arabia is accelerating the deployment of advanced thermal systems within its expanding petrochemical sector. Large-scale complexes are being equipped with high-efficiency ethylene cracking heaters designed to ensure optimal performance and reliability under continuous operations. These systems are critical to managing high-temperature processes like off-gas recovery and hydrocarbon treatment. The ongoing industrial upgrades reflect the country’s commitment to enhancing local production capacity and reducing dependency on imports for refined products. Integration of such equipment requires compatible heat transfer fluids that maintain thermal stability and operational safety. As more facilities come online with modernized configurations, demand is rising for specialized fluids that can support precise heat control, longer service cycles, and reduced energy loss, thereby reinforcing thermal efficiency across installations. These factors are intensifying the Saudi Arabia heat transfer fluids market growth. For example, in February 2024, Lummus Technology announced a contract award from Hyundai Engineering & Construction Co. for supplying heat transfer equipment to a major petrochemical project in Saudi Arabia. The project, licensed by SATORP, includes multiple Lummus technologies such as ethylene, refinery off-gas recovery, and treating systems.

Localized Manufacturing Boosting Thermal System Efficiency

Saudi Arabia is reinforcing its industrial self-reliance by setting up domestic assembly hubs for thermal management components. A newly established facility in Jubail is dedicated to assembling plate heat exchangers, which are vital for efficient heat transfer in energy and HVAC operations. This localized approach shortens delivery times, reduces logistics-related emissions, and ensures timely availability of key components. The move aligns with national objectives to increase sustainability and operational independence across strategic sectors. By strengthening local support for industrial applications, the facility enhances reliability and responsiveness to market needs. The rising availability of advanced exchangers within the country is expected to drive demand for high-performance fluids tailored to evolving system requirements, supporting broader goals of energy efficiency and environmental responsibility. For instance, in November 2023, Alfa Laval inaugurated a new plate heat exchanger (PHE) assembly center in Jubail, Saudi Arabia, aligning with Saudi Vision 2030. The facility aims to reduce product lead times and environmental impact by localizing assembly, thereby minimizing airfreight emissions. With an annual capacity of 500 units, it supports the energy and HVAC sectors, enhancing operational efficiency and sustainability for regional customers.

Saudi Arabia Heat Transfer Fluids Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type and end user.

Type Insights:

Mineral Oils
Synthetic Fluids
Glycols
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes mineral oils, synthetic fluids, glycols, and others.

End User Insights:

Chemical
Oil and Gas
Food and Beverages
Pharmaceutical
Renewable Energy
Automotive
HVAC and Refrigeration
Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes chemical, oil and gas, food and beverages, pharmaceutical, renewable energy, automotive, HVAC and refrigeration, and others.

Regional Insights:

Northern and Central Region
Western Region
Eastern Region
Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Heat Transfer Fluids Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type End User Region
Types Covered	Mineral Oils, Synthetic Fluids, Glycols, Others
End Users Covered	Chemical, Oil and Gas, Food and Beverages, Pharmaceutical, Renewable Energy, Automotive, HVAC and Refrigeration, Others
Regions Covered	Northern and Central Region, Western Region, Eastern Region, Southern Region
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Saudi Arabia heat transfer fluids market performed so far and how will it perform in the coming years?
What is the breakup of the Saudi Arabia heat transfer fluids market on the basis of type?
What is the breakup of the Saudi Arabia heat transfer fluids market on the basis of end user?
What is the breakup of the Saudi Arabia heat transfer fluids market on the basis of region?
What are the various stages in the value chain of the Saudi Arabia heat transfer fluids market?
What are the key driving factors and challenges in the Saudi Arabia heat transfer fluids?
What is the structure of the Saudi Arabia heat transfer fluids market and who are the key players?
What is the degree of competition in the Saudi Arabia heat transfer fluids market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia heat transfer fluids market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia heat transfer fluids market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia heat transfer fluids industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Saudi Arabia Heat Transfer Fluids Market