Market Overview:
The global graphite 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 graphite block heat exchangers in various end-use industries, such as chemical industry, pharmaceutical industry, petrochemicals and others. In terms of type, the standard segment is expected to dominate the global graphite block heat exchanger market during the forecast period. However, in terms of CAGR, the fine grain segment is projected to grow at a higher rate than other segments during 2018-2030.
Product Definition:
A block heat exchanger is a device used to transfer thermal energy between two fluids. The fluids may be in direct contact, or they may be separated by a solid wall.
Standard:
The standard is a procedure for testing and measurement of thermal performance of graphite block heat exchangers. It provides a means for comparing the efficiency of various types/brands of GHEx and aids in selecting an appropriate type based on the application. The selection depends on factors such as operating temperature, flow rate, number of tubes/blocks per stack, tube size (length & width), pressure rating etc.
Fine Grain:
The fine grain is the term used for very small particles such as silt and clay. Fine grains are added to the graphite block heat exchangers in order to improve heat transfer characteristics. The addition of fine grain helps in increasing critical temperature, which results into increased efficiency of the system.
Application Insights:
The chemical industry dominated the global graphite block heat exchangers market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for chemicals, particularly from China, India and Southeast Asia. In addition, factors such as growing use of flue gas desulfurization equipment and low-NOx burners are also likely to drive product demand over the coming years.
Petrochemicals are anticipated to be one of the fastest-growing segments during the forecast period due largelyto increasing crude oil prices coupled with stringent environmental regulations regarding sulfur oxide (SO2) emissions control devices installed at petrochemical plants across various regions including North America and Europe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the high demand for heat exchangers from various end-use industries, such as chemical, petrochemicals and pharmaceutical. The region is expected to witness significant growth over the forecast period on account of rising industrialization and increasing energy requirements in emerging economies including China and India.
The growing construction industry coupled with an increase in residential sector is anticipated to drive product demand across Europe during the forecast period. In addition, favorable government initiatives promoting infrastructure development are likely to have a positive impact on market growth over the next eight years.
North America accounted for a significant share of global graphite block heat exchangers market due to presence of major oil refineries including ExxonMobil Corporation; Shell Chemicals Netherlands BV; PKN Orlen SA; Chevron Phillips Chemical Co.; Husky Energy Inc.; Marathon Oil Corp.; Citgo Petroleum Corp.; Valero Energy Corp.
Growth Factors:
- Increasing demand for energy efficient technologies: The global market for graphite block heat exchangers is expected to grow at a CAGR of over 7% from 2016 to 2024, owing to the increasing demand for energy efficient technologies across the world.
- Rising investments in power generation sector: The rising investments in the power generation sector is another key factor driving the growth of this market.
- Growing popularity of cogeneration systems: The growing popularity of cogeneration systems is also propelling the growth of this market as these systems use graphite block heat exchangers extensively.
- Technological advancements: Graphite block heat exchangers are witnessing technological advancements, which is resulting in their increased adoption in various industries such as oil & gas, chemical processing, and others.
Scope Of The Report
Report Attributes
Report Details
Report Title
Graphite Block Heat Exchangers Market Research Report
By Type
Standard, Fine Grain
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Graphite Block Heat Exchangers Market Report Segments:
The global Graphite 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:
- GAB Neumann
- Mersen
- API
- Nantong Sunshine
- Corrox Remedies
- SGL Group
- Qingdao Boao
- Qingdao BoHua
Highlights of The Graphite 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 Graphite 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
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Graphite Block Heat Exchangers are used to transfer heat from one fluid to another. They are made of a series of interconnected graphite blocks that can be heated or cooled. This allows the transfer of heat between two fluids without the use of a external temperature source.
Some of the major players in the graphite block heat exchangers market are GAB Neumann, Mersen, API, Nantong Sunshine, Corrox Remedies, SGL Group, Qingdao Boao, Qingdao BoHua.
The graphite 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 Graphite 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 Graphite Block Heat Exchangers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Graphite 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 Graphite 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 Graphite Block Heat Exchangers Market Size & Forecast, 2020-2028 4.5.1 Graphite Block Heat Exchangers Market Size and Y-o-Y Growth 4.5.2 Graphite 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 Graphite 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 Graphite 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 Graphite Block Heat Exchangers Market: Competitive Dashboard
14.2 Global Graphite 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