Market Overview:
The global barrel heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for barrel heaters from various end-use industries, such as chemical, pharmaceutical, and plastics industry. In addition, the growing demand for silicone barrel heaters is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. Based on type, blanket barrel heaters are expected to account for a major share of the global barrel heater market in 2018. This can be attributed to their high efficiency and low cost as compared to other types of barrel heaters available in the market. Silicone barrel heaters are projected to grow at a highest CAGR during 2018-2030 owing their properties such as resistance against extreme temperatures and corrosion. Based on application, chemical industry is estimated dominatethe global Barrel Heater Market with maximum sharein2018 followed by pharmaceuticals industry .
Product Definition:
A barrel heater is a device that uses heat to warm up a barrel of liquid. The purpose of a barrel heater is to increase the temperature of the contents inside the barrel in order to improve the overall processing time. Barrel heaters are important because they can help speed up the manufacturing process and improve product quality.
Blanket Barrel Heaters:
Blanket barrel heaters, also known as wrap around or loop heaters are used to provide temperature control for the safe and effective heating of liquids. They consist of a metalized plastic bag that is filled with heated fluid. The fluid in the bag is insulated by the metalized plastic which acts as a Faraday cage, preventing any interference from external magnetic fields.
The primary function of blanket barrel heater is to maintain constant temperature during processing within an insulated container or cylinder.
Silicone Barrel Heaters:
Silicone barrel heaters are used to heat the liquid in a barrel. It is mainly used for heating water or oil for instance. The main function of these products is to maintain the temperature of liquid in a barrels at constant level and avoid any sudden changes in temperature that can potentially damage the contents.
These devices are mostly made up of silicone materials, which offer high thermal conductivity between its layers.
Application Insights:
The chemical industry accounted for the largest share of over 40% in 2017. The demand for steel and other raw materials used in the chemical industry is expected to increase, which may lead to an increased use of steel from North America and Europe. This factor will drive the product demand in these regions over the forecast period.
The pharmaceutical industry is anticipated to emerge as a prominent segment with a CAGR of XX% from 2018 to 2030 owing to factors such as increasing healthcare spending along with technological advancements that have fueled product demand within this sector. In addition, favorable government policies regarding energy conservation are expected to promote its usage within this application segment during the forecast period, thereby driving market growth across various regions globally by 2030 ¢â‚¬â€œ2030%.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-users such as chemical, pharmaceutical, food & beverage, and others. Blanket barrel heaters are extensively used in this region due to their low cost as compared to other barrel types. China is one of the largest producers of steel and iron ore globally; hence it requires large amounts of crude oil for refining purposes which will drive product demand further.
Growth Factors:
- Increasing demand from end-use industries: The global barrel heaters market is witnessing a significant growth due to the increasing demand from various end-use industries, such as chemical, oil & gas, and food processing.
- Technological advancements: The market is also propelled by the technological advancements in barrel heater products and systems that offer enhanced performance and efficiency.
- Rising investments in industrial infrastructure: There has been a rise in investments made by governments across the globe for development of industrial infrastructure, which is further propelling the growth of the barrel heaters market.
- Growing awareness about energy conservation: Awareness about energy conservation is growing among consumers, which is resulting in an increase in adoption of energy efficient barrel heater products and systems worldwide. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Barrel Heaters Market Research Report
By Type
Blanket Barrel Heaters, Silicone Barrel Heaters, Metal Barrel Heaters, Others
By Application
Chemical Industry, Pharmaceutical Industry, Plastics Industry, Others
By Companies
NIBE, Tempco, Hillesheim GmbH, Vulcanic, Thermon, Rama Corporation, Watlow, Omega Engineering, Chromalox
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Barrel Heaters Market Report Segments:
The global Barrel Heaters market is segmented on the basis of:
Types
Blanket Barrel Heaters, Silicone Barrel Heaters, Metal Barrel Heaters, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Pharmaceutical Industry, Plastics Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NIBE
- Tempco
- Hillesheim GmbH
- Vulcanic
- Thermon
- Rama Corporation
- Watlow
- Omega Engineering
- Chromalox
Highlights of The Barrel Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blanket Barrel Heaters
- Silicone Barrel Heaters
- Metal Barrel Heaters
- Others
- By Application:
- Chemical Industry
- Pharmaceutical Industry
- Plastics Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Barrel Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Barrel heaters are a type of heating device used to heat liquids or gases. They work by using the thermal energy from the burning fuel to create hot air that is then directed into the liquid or gas. This hot air then causes the liquid or gas to reach temperatures high enough to evaporate, boil, or vaporize it.
Some of the major players in the barrel heaters market are NIBE, Tempco, Hillesheim GmbH, Vulcanic, Thermon, Rama Corporation, Watlow, Omega Engineering, Chromalox.
The barrel heaters market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Barrel Heaters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Barrel Heaters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Barrel Heaters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Barrel Heaters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Barrel Heaters Market Size & Forecast, 2020-2028
4.5.1 Barrel Heaters Market Size and Y-o-Y Growth
4.5.2 Barrel Heaters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Blanket Barrel Heaters
5.2.2 Silicone Barrel Heaters
5.2.3 Metal Barrel Heaters
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Pharmaceutical Industry
6.2.3 Plastics Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Barrel Heaters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Barrel Heaters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Blanket Barrel Heaters
9.6.2 Silicone Barrel Heaters
9.6.3 Metal Barrel Heaters
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Pharmaceutical Industry
9.10.3 Plastics Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Blanket Barrel Heaters
10.6.2 Silicone Barrel Heaters
10.6.3 Metal Barrel Heaters
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Pharmaceutical Industry
10.10.3 Plastics Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Blanket Barrel Heaters
11.6.2 Silicone Barrel Heaters
11.6.3 Metal Barrel Heaters
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Pharmaceutical Industry
11.10.3 Plastics Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Blanket Barrel Heaters
12.6.2 Silicone Barrel Heaters
12.6.3 Metal Barrel Heaters
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Pharmaceutical Industry
12.10.3 Plastics Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Blanket Barrel Heaters
13.6.2 Silicone Barrel Heaters
13.6.3 Metal Barrel Heaters
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Pharmaceutical Industry
13.10.3 Plastics Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Barrel Heaters Market: Competitive Dashboard
14.2 Global Barrel Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NIBE
14.3.2 Tempco
14.3.3 Hillesheim GmbH
14.3.4 Vulcanic
14.3.5 Thermon
14.3.6 Rama Corporation
14.3.7 Watlow
14.3.8 Omega Engineering
14.3.9 Chromalox
