Saudi Arabia thermic fluids market analysis Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030

Saudi Arabia Thermic Fluids Market Overview

• The Saudi Arabia Thermic Fluids Market is valued at USD 110 million, based on a five-year historical analysis. Growth is primarily driven by rising industrial investments, particularly in the oil and gas, chemical, and food processing sectors, which are increasingly deploying advanced thermal systems. The focus on energy efficiency, operational safety, and sustainability continues to propel the adoption of thermic fluids, as these fluids are essential for optimizing heat transfer and reducing energy losses in high-temperature industrial processes .
• Key cities such as Riyadh, Jeddah, and Dammam remain dominant in the market due to their strategic locations and robust industrial infrastructure. Riyadh serves as the central business and administrative hub, while Jeddah and Dammam are pivotal for their proximity to major ports and oil refineries. The concentration of petrochemical complexes, refineries, and manufacturing facilities in these cities significantly drives the demand for thermic fluids .
• The Saudi government enforces regulatory standards for energy efficiency in industrial operations, including requirements for thermal systems and heat transfer fluids. The “Saudi Energy Efficiency Program (SEEP),” issued by the Saudi Energy Efficiency Center (SEEC), mandates compliance with energy efficiency standards for industrial equipment and processes, including thermal systems. These regulations promote the use of high-performance and environmentally friendly thermic fluids, supporting the Vision 2030 objectives to reduce energy consumption and greenhouse gas emissions .

Saudi Arabia Thermic Fluids Market Segmentation

By Type:The thermic fluids market is segmented into Silicone and Aromatic-Based Thermic Fluids, Mineral Oil-Based Thermic Fluids, PAG and Glycol-Based Thermic Fluids, Bio-Based Thermic Fluids, and Others.Mineral Oil-Based Thermic Fluidsremain the most widely used, attributed to their cost-effectiveness, wide temperature range, and excellent thermal stability, making them suitable for diverse industrial applications .

By End-User:End-user segmentation includes Chemical, Oil & Gas, Food Processing, Pharmaceuticals, Concentrated Solar Power (CSP), and Others. TheOil & Gas sectoris the leading end-user, driven by the demand for efficient heat transfer solutions in refining, petrochemical, and gas processing operations, where high-performance thermic fluids are critical for process reliability and energy efficiency .

Saudi Arabia Thermic Fluids Market Competitive Landscape

The Saudi Arabia Thermic Fluids Market is characterized by a dynamic mix of regional and international players. Leading participants such as Saudi Basic Industries Corporation (SABIC), Saudi Aramco, Al Swaidi Industrial Services, Gulf Thermic Fluids, Therminol (Solutia), Dow Chemical Company, Eastman Chemical Company, Chevron Phillips Chemical Company, Solvay S.A., Huntsman Corporation, BASF SE, ExxonMobil Chemical, TotalEnergies, Clariant AG, INEOS Group contribute to innovation, geographic expansion, and service delivery in this space.

Saudi Arabia Thermic Fluids Market Industry Analysis

Growth Drivers

• Increasing Industrialization:Saudi Arabia's industrial sector is projected to contribute approximately SAR 1.5 trillion to the GDP in the future, driven by initiatives like Vision 2030. This growth is fostering demand for thermic fluids, particularly in manufacturing and processing industries. The rise in industrial activities, including the establishment of new factories and expansion of existing ones, is expected to increase the consumption of thermic fluids, which are essential for efficient heat transfer in various applications.
• Rising Demand for Energy-Efficient Solutions:The Saudi government aims to reduce energy consumption by 30% in the future, promoting energy-efficient technologies. This initiative is expected to drive the adoption of thermic fluids, which enhance energy efficiency in industrial processes. With energy costs rising, industries are increasingly seeking solutions that minimize waste and optimize performance, leading to a projected increase in thermic fluid usage across sectors such as oil and gas, chemicals, and food processing.
• Expansion of the Petrochemical Sector:The petrochemical industry in Saudi Arabia is anticipated to reach a production capacity of 120 million tons in the future, bolstered by investments exceeding SAR 250 billion. This expansion is crucial for thermic fluids, as they are integral to various petrochemical processes, including heat transfer and temperature control. The growth in this sector is expected to significantly boost the demand for high-performance thermic fluids, enhancing operational efficiency and product quality.

Market Challenges

• High Initial Investment Costs:The adoption of thermic fluids often requires substantial upfront investments in infrastructure and technology. For instance, the cost of installing a thermic fluid system can range from SAR 600,000 to SAR 2.5 million, depending on the scale and complexity. This financial barrier can deter smaller enterprises from transitioning to thermic fluid solutions, limiting market growth and adoption rates in the region, particularly among SMEs.
• Limited Awareness of Thermic Fluids:Many industries in Saudi Arabia still lack comprehensive knowledge about the benefits and applications of thermic fluids. A survey conducted by the Saudi Industrial Development Fund indicated that over 65% of manufacturers are unaware of the advantages of thermic fluids in enhancing energy efficiency. This knowledge gap poses a significant challenge to market penetration, as companies may opt for traditional heating methods instead of exploring advanced thermic fluid solutions.

Saudi Arabia Thermic Fluids Market Future Outlook

The Saudi Arabia thermic fluids market is poised for significant growth, driven by increasing industrialization and a strong push for energy efficiency. As the government continues to invest in renewable energy and sustainable practices, the demand for innovative thermic fluid solutions is expected to rise. Additionally, advancements in technology and a growing focus on research and development will likely lead to the introduction of more efficient and eco-friendly thermic fluids, further enhancing market dynamics and opportunities for growth.

Market Opportunities

• Growth in Solar Thermal Applications:The Saudi government aims to generate 70 GW of solar energy in the future, creating a substantial market for thermic fluids in solar thermal applications. This growth presents opportunities for manufacturers to develop specialized fluids that enhance heat transfer efficiency, thereby supporting the country's renewable energy goals and reducing reliance on fossil fuels.
• Development of Bio-Based Thermic Fluids:With increasing environmental concerns, there is a growing demand for bio-based thermic fluids. The Saudi market is witnessing investments in research to develop sustainable alternatives that meet regulatory standards. This trend not only aligns with global sustainability goals but also opens avenues for innovation and differentiation in the thermic fluids market, appealing to eco-conscious consumers and industries.