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Market Overview & Regional Analysis
Asia-Pacific emerges as the dominant regional market, accounting for nearly 40% of global consumption. China's rapid industrial expansion and massive petrochemical sector fuel this demand, while Southeast Asian nations demonstrate accelerating adoption rates. The region's growth is further propelled by increasing electrification and infrastructure development requiring advanced thermal management solutions.
North America maintains strong demand patterns driven by established chemical processing and renewable energy sectors, with particular growth in concentrated solar power applications. Europe's market shows distinctive characteristics, with stringent environmental regulations pushing adoption of high-performance, longer-lasting fluids to minimize system maintenance and environmental impact.
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