The Immersion cooling fluids market is estimated to be USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2030, at a CAGR of 8.2% from 2023 to 2030. In high-density computing applications where conventional cooling techniques might not be able to meet performance requirements, immersion cooling is an ideal choice. There is an increasing need for efficient and effective cooling technologies, such as immersion cooling, as data centers adapt to meet more demanding workloads.
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Companies such as Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), APAR Industries (India), and Sinopec Lubricant Company (China) fall under the winners’ category. These are leading players in the immersion cooling fluids market globally. These players have adopted the strategies of new product launches, collaboration, investment, partnership, and expansion to fulfill the rising demand for immersion cooling fluids on the regional and global levels.
Chemours
Chemours is one of the leading companies in the immersion cooling fluids market. The company has a global presence in North America, Europe, the Middle East & Africa, Asia Pacific, and South America. In July 2023 Chemours announced the development and production of its new product Opteon 2P50, a novel heat-transfer fluid for two-phase immersion cooling. The fluid is currently going through the last phases of testing to ensure that it can be manufactured; initial production is targeted in 2025.
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Nynas AB
Nynas AB is widely recognized for manufacturing and offering industrial lubricants, base oils, and transformer oils, among other high-performance oils. Nynas AB provides services to a range of industries, such as the automotive, industrial, and electrical sectors. In March 2020 Nynas AB launched a new product NYTRO BIO 300X, a 100% renewable transformer oil. NYTRO BIO 300X has properties such as ultra-low viscosity and superior oxidation stability, which helps to provide better cooling.
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Ergon, Inc
The primary abilities of Ergon, Inc. are in its production and marketing of specialty products. This covers specialty oils, such as lubricants, insulating fluids, and process oils, that are utilized in a variety of industries. The company manufactures various dielectric fluids for the transformer application. In June 2020, Ergon Inc. launched a new product HyVolt C50A, a transformer oil designed to withstand extreme cold weather conditions. The HyVolt C50A possesses properties such as excellent oxidation stability, high dielectric strength, and exceptional cooling.
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