| Product Code: ETC6365807 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continued to see a steady inflow of thermic fluids imports, with the USA, Netherlands, Finland, South Korea, and Bahrain emerging as the top exporting countries. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained impressive at 17.38%. The Herfindahl-Hirschman Index (HHI) indicated a moderate level of market concentration, highlighting a competitive landscape in the thermic fluids import market in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Thermic Fluids Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Thermic Fluids Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Thermic Fluids Market - Industry Life Cycle |
3.4 Belgium Thermic Fluids Market - Porter's Five Forces |
3.5 Belgium Thermic Fluids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Thermic Fluids Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Thermic Fluids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in industries |
4.2.2 Growth in the chemical and pharmaceutical sectors in Belgium |
4.2.3 Implementation of stringent regulations regarding energy consumption and environmental impact |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Limited availability of skilled labor in the thermic fluids industry |
4.3.3 Slow adoption rate of new technologies and products in the market |
5 Belgium Thermic Fluids Market Trends |
6 Belgium Thermic Fluids Market, By Types |
6.1 Belgium Thermic Fluids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Thermic Fluids Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Belgium Thermic Fluids Market Revenues & Volume, By Mineral Oils, 2021- 2031F |
6.1.4 Belgium Thermic Fluids Market Revenues & Volume, By Silicone & Aromatics, 2021- 2031F |
6.1.5 Belgium Thermic Fluids Market Revenues & Volume, By PAG & Glycol, 2021- 2031F |
6.2 Belgium Thermic Fluids Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Thermic Fluids Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.3 Belgium Thermic Fluids Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.4 Belgium Thermic Fluids Market Revenues & Volume, By Chemical Industry, 2021- 2031F |
6.2.5 Belgium Thermic Fluids Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.6 Belgium Thermic Fluids Market Revenues & Volume, By Other, 2021- 2031F |
7 Belgium Thermic Fluids Market Import-Export Trade Statistics |
7.1 Belgium Thermic Fluids Market Export to Major Countries |
7.2 Belgium Thermic Fluids Market Imports from Major Countries |
8 Belgium Thermic Fluids Market Key Performance Indicators |
8.1 Energy efficiency improvements in manufacturing processes |
8.2 Rate of adoption of eco-friendly thermic fluid solutions |
8.3 Number of research and development initiatives focused on enhancing thermic fluid performance |
9 Belgium Thermic Fluids Market - Opportunity Assessment |
9.1 Belgium Thermic Fluids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Thermic Fluids Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Thermic Fluids Market - Competitive Landscape |
10.1 Belgium Thermic Fluids Market Revenue Share, By Companies, 2024 |
10.2 Belgium Thermic Fluids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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