| Product Code: ETC8680217 | Publication Date: Sep 2024 | Updated Date: Nov 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, Norway continued to rely on key trading partners such as Sweden, Metropolitan France, and Germany for its thermic fluids import shipments. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the steady compound annual growth rate (CAGR) of 5.4% from 2020 to 2024 underscores sustained demand. Despite a slight dip in the growth rate from 2023 to 2024 at 1.33%, the overall trend suggests a stable market for thermic fluids imports in Norway with potential opportunities for further expansion.

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 Norway Thermic Fluids Market Overview |
3.1 Norway Country Macro Economic Indicators |
3.2 Norway Thermic Fluids Market Revenues & Volume, 2021 & 2031F |
3.3 Norway Thermic Fluids Market - Industry Life Cycle |
3.4 Norway Thermic Fluids Market - Porter's Five Forces |
3.5 Norway Thermic Fluids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Norway Thermic Fluids Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Norway 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 Growing focus on sustainable practices and environmental regulations |
4.2.3 Rise in industrial activities and investments in Norway |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative heating technologies |
4.3.3 Slow adoption rate of thermic fluids in certain industries |
5 Norway Thermic Fluids Market Trends |
6 Norway Thermic Fluids Market, By Types |
6.1 Norway Thermic Fluids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Norway Thermic Fluids Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Norway Thermic Fluids Market Revenues & Volume, By Mineral Oils, 2021- 2031F |
6.1.4 Norway Thermic Fluids Market Revenues & Volume, By Silicone & Aromatics, 2021- 2031F |
6.1.5 Norway Thermic Fluids Market Revenues & Volume, By PAG & Glycol, 2021- 2031F |
6.2 Norway Thermic Fluids Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Norway Thermic Fluids Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.3 Norway Thermic Fluids Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.4 Norway Thermic Fluids Market Revenues & Volume, By Chemical Industry, 2021- 2031F |
6.2.5 Norway Thermic Fluids Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.6 Norway Thermic Fluids Market Revenues & Volume, By Other, 2021- 2031F |
7 Norway Thermic Fluids Market Import-Export Trade Statistics |
7.1 Norway Thermic Fluids Market Export to Major Countries |
7.2 Norway Thermic Fluids Market Imports from Major Countries |
8 Norway Thermic Fluids Market Key Performance Indicators |
8.1 Energy consumption reduction achieved by using thermic fluids |
8.2 Number of new industrial projects opting for thermic fluid systems |
8.3 Percentage of industrial sectors compliant with environmental regulations on thermal fluid usage |
9 Norway Thermic Fluids Market - Opportunity Assessment |
9.1 Norway Thermic Fluids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Norway Thermic Fluids Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Norway Thermic Fluids Market - Competitive Landscape |
10.1 Norway Thermic Fluids Market Revenue Share, By Companies, 2024 |
10.2 Norway 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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