Market Overview:
The global cubic block heat exchangers 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 cubical block heat exchangers in various end-use industries, such as chemical industry, pharmaceutical industry, petrochemicals and others. Cubical block heat exchangers are used in these industries for efficient thermal management and energy conservation. Based on type, the global cubic block heat exchanger market can be segmented into standard and fine grain cubical blocks. Standard cubes are generally used in large-scale applications where high performance is required, while fine grain cubes find application in smaller systems with lower flow rates or pressure drops. By application, the market can be divided into chemical industry, pharmaceutical industry, petrochemicals and others segments. The Others segment includes food & beverage processing plants; plastic processing plants; textile mills; rubber processing plants etc.
Product Definition:
A cubic block heat exchanger is a device that uses metal blocks to transfer heat between two fluids. The blocks are arranged in a square or cube, and the fluids flow through the spaces between the blocks. This type of heat exchanger is often used in research and development applications, where it can be used to quickly test different combinations of fluids. It can also be used for small-scale commercial applications.
Standard:
The standard is a procedure for manufacturing steel products that are used in various industries. The process involves melting the metal, removing impurities and shaping it into desired products. In the case of Cubic Block Heat Exchangers (C-BHX), standard shapes include round, rectangle, octagonal and hexagonal among others.
Fine Grain:
The fine grain is the term used for very small particles such as silt and clay. Fine grains are added to a heat exchanger in order to improve its thermal performance by increasing the rate of heat transfer. The addition of fine grain helps in removing the stagnant air present within a heat exchanger, thereby improving its overall efficiency.
Application Insights:
The chemical industry dominated the global cubic block heat exchangers market in terms of revenue share in 2017. The growth can be attributed to increasing demand for chemicals, which are used in various end-use industries including pharmaceuticals, paints and coatings, and petrochemicals. In addition, the rising need for upgrading facilities to cater to stringent environmental regulations is also expected to drive the product demand over the forecast period.
Petrochemicals were one of the prominent application segments that accounted for a significant market share in 2017 owing to growing industrialization across developing countries such as India and China where crude oil is processed into petroleum products including gasoil and diesel using relatively less sophisticated technology compared to developed countries such as U.S.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of chemical manufacturers. The region is expected to witness moderate growth over the forecast period, which can be attributed to increasing shale gas exploration activities and growing environmental concerns regarding heat transfer efficiency.
Asia Pacific is anticipated to register significant growth over the forecast period owing to rapid industrialization and expansion of end-user industries such as petrochemicals, pharmaceuticals, and others in countries such as China, India, Indonesia among others. Rising energy demand from rapidly expanding end-use industries will further drive product demand in this region. Moreover rising awareness about HVAC systems due their superior performance compared with other conventional systems will propel industry development during the forecast period in this region as well as other regions where cubic block heat exchangers are used for heating & cooling applications (Europe).
The Middle East & Africa market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for energy efficient heating and cooling systems
- Growing popularity of modular construction
- Rising awareness about the benefits of using block heat exchangers
- Technological advancements in the manufacturing process
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Cubic Block Heat Exchangers Market Research Report
By Type
Standard, Fine Grain
By Application
Chemical Industry, Pharmaceutical Industry, Petrochemicals, Others
By Companies
SGL Group, GAB Neumann, Mersen, API, Nantong Sunshine, Corrox Remedies, SGL Group, Qingdao Boao, Qingdao BoHua, CG Thermal
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Cubic Block Heat Exchangers Market Report Segments:
The global Cubic Block Heat Exchangers market is segmented on the basis of:
Types
Standard, Fine Grain
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:
- SGL Group
- GAB Neumann
- Mersen
- API
- Nantong Sunshine
- Corrox Remedies
- SGL Group
- Qingdao Boao
- Qingdao BoHua
- CG Thermal
Highlights of The Cubic 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:
- Standard
- Fine Grain
- 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 Cubic 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.
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- Correctly Positioning New Products
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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?
Cubic block heat exchangers are a type of heat exchanger that uses blocks of metal or plastic to transfer heat. The blocks are stacked on top of each other and connected by tubes. This design makes the cubical block heat exchanger efficient at transferring large amounts of thermal energy from one location to another.
Some of the major players in the cubic block heat exchangers market are SGL Group, GAB Neumann, Mersen, API, Nantong Sunshine, Corrox Remedies, SGL Group, Qingdao Boao, Qingdao BoHua, CG Thermal.
The cubic block heat exchangers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cubic 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 Cubic Block Heat Exchangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cubic 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 Cubic 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 Cubic Block Heat Exchangers Market Size & Forecast, 2020-2028
4.5.1 Cubic Block Heat Exchangers Market Size and Y-o-Y Growth
4.5.2 Cubic 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 Standard
5.2.2 Fine Grain
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 Cubic 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 Cubic 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 Standard
9.6.2 Fine Grain
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 Standard
10.6.2 Fine Grain
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 Standard
11.6.2 Fine Grain
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 Standard
12.6.2 Fine Grain
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 Standard
13.6.2 Fine Grain
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 Cubic Block Heat Exchangers Market: Competitive Dashboard
14.2 Global Cubic Block Heat Exchangers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SGL Group
14.3.2 GAB Neumann
14.3.3 Mersen
14.3.4 API
14.3.5 Nantong Sunshine
14.3.6 Corrox Remedies
14.3.7 SGL Group
14.3.8 Qingdao Boao
14.3.9 Qingdao BoHua
14.3.10 CG Thermal
