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The global heat transfer fluids (HTFs) market size is expected to grow from USD 3.1 billion in 2019 to USD 4.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period. The major factors driving the HTFs market include high demand from the chemical industry, growth of the global solar power sector, and improved performance of heat transfer fluids.
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