Top 10 Companies in the Server Immersion Cooling Fluids Market (2025): Innovators Driving Data Center Efficiency

In Business Insights
May 31, 2025

The Global Server Immersion Cooling Fluids Market was valued at USD 211 million in 2023 and is projected to reach USD 566.58 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 11.60% during the forecast period (2024–2032). This rapid expansion is driven by escalating data center energy demands, sustainability mandates, and the need for superior thermal management in high-performance computing environments.

As hyperscale operators and cloud providers seek energy-efficient alternatives to traditional air cooling, immersion cooling has emerged as a game-changing technology. Here we profile the Top 10 Companies in the Server Immersion Cooling Fluids Market—specialty chemical manufacturers and thermal solution providers who are redefining data center cooling standards.


🔟 1. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Novec Engineered Fluids for Immersion Cooling

3M dominates the immersion cooling fluids sector with its Novec fluorinated fluids, which offer non-conductive, non-flammable cooling for sensitive electronics. The company has successfully deployed its solutions in multiple hyperscale data center projects worldwide.

Sustainability Initiatives:

  • Global zero-carbon roadmap for Novec production by 2030
  • Closed-loop fluid reclamation programs with major CSPs
  • 90-day fast-track deployment models for immersion retrofit projects

Download FREE Sample Report:
Server Immersion Cooling Fluids Market – View in Detailed Research Report


9️⃣ 2. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Galden-HT and Solkane performance fluids

Solvay’s high-performance fluorinated fluids are specifically engineered for single-phase immersion cooling applications. The company partners with leading server OEMs to validate fluid-server compatibility.

Sustainability Initiatives:

  • Circular economy programs for fluid recycling and reprocessing
  • Low global warming potential (GWP) fluid formulations
  • Strategic alliances with EU green data center initiatives

8️⃣ 3. Zhejiang Juhua Co., Ltd.

Headquarters: Quzhou, China
Key Offering: JHV series immersion cooling fluids

As China’s leading fluorochemical producer, Juhua provides cost-effective immersion cooling solutions tailored for Asia’s booming data center market. The company holds 37 patents related to cooling fluid formulations.

Sustainability Initiatives:

  • Localized production reducing regional supply chain emissions
  • Fluids compatible with China’s carbon neutrality targets
  • Strategic MoUs with Alibaba Cloud and Tencent data centers

7️⃣ 4. Shell plc

Headquarters: London, UK
Key Offering: Shell Immersion Cooling Fluids

Shell leverages its hydrocarbon expertise to produce dielectric fluids optimized for two-phase immersion cooling systems. The company provides full lifecycle fluid management services.

Sustainability Initiatives:

  • 30% reduction in fluid carbon footprint since 2020
  • Integrated cooling solutions combining fluids with renewable energy
  • Global technical support network for immersion deployments

Read Full Report:
Server Immersion Cooling Fluids Market – View in Detailed Research Report


6️⃣ 5. FUCHS Petrolub SE

Headquarters: Mannheim, Germany
Key Offering: Renolin Immersion cooling fluids

FUCHS applies its 90 years of lubrication expertise to develop thermally stable immersion fluids with exceptional heat transfer coefficients (≥0.08 W/mK).

Sustainability Initiatives:

  • CO₂-neutral production at German facilities
  • 5-year fluid lifespan guarantees
  • Custom formulations for edge computing deployments

5️⃣ 6. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Vertrel XF immersion cooling fluids

Chemours pioneered fluorinated fluids specifically engineered for electronics cooling applications. Their solutions are deployed in over 500MW of immersion-cooled data capacity globally.

Sustainability Initiatives:

  • 92% reduction in PFOA emissions since 2019
  • Industry-leading fluid dielectric properties (50+ kV dielectric strength)
  • Patented fluid purification technologies extending service intervals

4️⃣ 7. Daikin Industries

Headquarters: Osaka, Japan
Key Offering: Daikin Immersion Cooling Fluids

Daikin combines its fluorochemical expertise with thermal management know-how to deliver fluids optimized for Asian climate conditions and hardware configurations.

Sustainability Initiatives:

  • World’s first carbon-neutral fluorochemical production
  • Fluids certified under Japan’s Top Runner Program
  • Integrated solutions with Daikin’s precision cooling systems

Download FREE Sample Report:
Server Immersion Cooling Fluids Market – View in Detailed Research Report


3️⃣ 8. Cargill, Incorporated

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Bio-based immersion cooling fluids

Cargill develops plant-derived biodegradable cooling fluids as sustainable alternatives to synthetic formulations, particularly for water-sensitive applications.

Sustainability Initiatives:

  • 100% bio-based fluid formulations
  • 90% lower carbon footprint vs conventional fluids
  • Certified compostable fluid options

2️⃣ 9. Engineered Fluids

Headquarters: Peoria, Arizona, USA
Key Offering: Single-phase and two-phase immersion fluids

This specialist manufacturer provides fluids optimized for both traditional and emerging immersion cooling architectures, with over 15 proprietary formulations.

Sustainability Initiatives:

  • Zero-VOC fluid technologies
  • Custom blending for hyperscale efficiency targets
  • Military-grade fluid certifications

1️⃣ 10. Lubrizol Corporation

Headquarters: Wickliffe, Ohio, USA
Key Offering: Precision immersion cooling fluids

Lubrizol’s engineered fluids combine advanced heat transfer capabilities with materials compatibility across diverse hardware ecosystems.

Sustainability Initiatives:

  • 40%-60% thermal performance improvements vs standard fluids
  • Fluid analytics platforms optimizing maintenance cycles
  • OEM-approved formulations for leading server vendors

Read Full Report:
Server Immersion Cooling Fluids Market – View in Detailed Research Report


🌍 Market Outlook: The Future of Data Center Cooling Is Immersive

The server immersion cooling fluids market is undergoing transformative growth as environmental regulations and energy costs drive adoption. Google, Microsoft, and AWS have all announced major immersion cooling deployments, validating the technology at hyperscale.

📈 Key Market Trends:

  • 30% YoY growth in two-phase immersion deployments
  • New ASHRAE standards enabling wider fluid adoption
  • Rise of edge computing driving compact immersion solutions
  • Fluid recycling ecosystems reducing TCO by 15-20%

The companies profiled above are not just supplying cooling fluids—they’re enabling the next generation of sustainable computing infrastructure.

Download FREE Sample Report:
Server Immersion Cooling Fluids Market – View in Detailed Research Report