Market Overview:
The global block heat exchangers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for block heat exchangers from various end-use industries, such as chemical industry, pharmaceutical industry, petrochemicals, and others. In addition, the growing demand for energy-efficient and environment-friendly products is also contributing to the growth of this market. Based on type, the global block heat exchangers market can be segmented into silicon carbide block heat exchangers and graphite block heat exchangers. Silicon carbide block heat exchanger is expected to account for a larger share of this market than graphite blockheat exchanger during the forecast period. This can be attributedto its superior properties such as high thermal conductivity and low thermal expansion coefficient that make it suitable for use in high temperature applications.
Product Definition:
A block heat exchanger is a device used to transfer heat between two or more fluids. The fluids can be liquids, gases, or slurries. The block heat exchanger typically consists of a series of metal plates with passages for the fluid to flow through. Heat is transferred from one fluid to the other by conduction through the metal plates.
Silicon Carbide Block Heat Exchangers:
Silicon carbide (SiC) block heat exchangers are used in the chemical industry for various applications such as cooling of reactors, condensers and evaporators. Silicon carbide is a ceramic material with high thermal conductivity and low thermal expansion property. It has wide application scope in the chemical industry owing to its physical properties which include high strength, stiffness, hardness and density.
Graphite Block Heat Exchangers:
A heat exchanger is an apparatus used to transfer thermal energy from one medium to another without the loss of substance or quantity. The basic principle behind a heat exchanger is that different substances have different temperatures; therefore, it is important to transfer the desired temperature differences between two media so that they can be utilized together for a common purpose.
In simple words, a heat exchanger consists of two fluids which are separated by an interface.
Application Insights:
The chemical industry dominated the global market in terms of application and accounted for a revenue share of over 30.0% in 2017. The growth can be attributed to increasing demand for chemicals from various end-use industries such as automotive, construction, consumer electronics, healthcare and pharmaceuticals. In addition, technological advancements coupled with high efficiency designs are expected to drive the segment further during the forecast period.
Petrochemicals were one of the major applications that accounted for a significant share in 2017 owing to growing demand from refining & petrochemical plants across different regions including Asia Pacific and Middle East & Africa along with stable production levels globally which resulted into higher utilization rates at existing facilities thus driving product demand there.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing industrialization and rapid urbanization. China, India, Japan, South Korea, Taiwan are some of the prominent countries in Asia Pacific that have a strong presence of various end-use industries such as chemicals and petrochemicals.
The pharmaceutical industry in Europe has witnessed significant growth owing to factors such as favorable government policies for new investments and development projects along with growing R&D activities by major companies pertaining to drug discovery & development processes. In addition, stringent regulations by agencies like European Medicines Agency (EMA) regarding energy consumption while manufacturing medicines is anticipated to drive demand for BBHEs across this region over the next eight years.
Growth Factors:
- Increasing demand for energy efficient systems in various industries
- Growing awareness about the benefits of using block heat exchangers
- Rising need to replace aging equipment in various industries
- Technological advancements in the manufacturing of block heat exchangers
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Block Heat Exchangers Market Research Report
By Type
Silicon Carbide Block Heat Exchangers, Graphite Block Heat Exchangers
By Application
Chemical Industry, Pharmaceutical Industry, Petrochemicals, Others
By Companies
GAB Neumann, Mersen, API, Nantong Sunshine, Corrox Remedies, SGL Group, Qingdao Boao, Qingdao BoHua
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Block Heat Exchangers Market Report Segments:
The global Block Heat Exchangers market is segmented on the basis of:
Types
Silicon Carbide Block Heat Exchangers, Graphite Block Heat Exchangers
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, Petrochemicals, 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:
- GAB Neumann
- Mersen
- API
- Nantong Sunshine
- Corrox Remedies
- SGL Group
- Qingdao Boao
- Qingdao BoHua
Highlights of The Block Heat Exchangers 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:
- Silicon Carbide Block Heat Exchangers
- Graphite Block Heat Exchangers
- By Application:
- Chemical Industry
- Pharmaceutical Industry
- Petrochemicals
- 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 Block Heat Exchangers 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
A block heat exchanger is a type of heat exchanger that uses blocks of metal to transfer heat. These blocks are often made out of aluminum or copper and are arranged in a grid-like pattern. This design allows the exchangers to be more efficient at transferring heat than traditional designs, which use fins or tubes.
Some of the major players in the block heat exchangers market are GAB Neumann, Mersen, API, Nantong Sunshine, Corrox Remedies, SGL Group, Qingdao Boao, Qingdao BoHua.
The block heat exchangers 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 Block Heat Exchangers 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 Block Heat Exchangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Block Heat Exchangers 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 Block Heat Exchangers 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 Block Heat Exchangers Market Size & Forecast, 2020-2028
4.5.1 Block Heat Exchangers Market Size and Y-o-Y Growth
4.5.2 Block Heat Exchangers 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 Silicon Carbide Block Heat Exchangers
5.2.2 Graphite Block Heat Exchangers
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 Petrochemicals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Block Heat Exchangers 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 Block Heat Exchangers 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 Silicon Carbide Block Heat Exchangers
9.6.2 Graphite Block Heat Exchangers
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 Petrochemicals
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 Silicon Carbide Block Heat Exchangers
10.6.2 Graphite Block Heat Exchangers
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 Petrochemicals
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 Silicon Carbide Block Heat Exchangers
11.6.2 Graphite Block Heat Exchangers
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 Petrochemicals
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 Silicon Carbide Block Heat Exchangers
12.6.2 Graphite Block Heat Exchangers
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 Petrochemicals
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 Silicon Carbide Block Heat Exchangers
13.6.2 Graphite Block Heat Exchangers
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 Petrochemicals
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 Block Heat Exchangers Market: Competitive Dashboard
14.2 Global Block Heat Exchangers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GAB Neumann
14.3.2 Mersen
14.3.3 API
14.3.4 Nantong Sunshine
14.3.5 Corrox Remedies
14.3.6 SGL Group
14.3.7 Qingdao Boao
14.3.8 Qingdao BoHua
