Market Overview:
The global metal heating elements 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 metal heating elements in various applications, such as petroleum & petrochemicals, metallurgical & machinery, ceramic & glass processing, electronic appliances and other applications. In terms of type, the kanthal (FeCrAl) wires segment is expected to hold the largest share of the global metal heating elements market during the forecast period. This can be attributed to their high heat resistance and corrosion resistance properties which make them suitable for use in a wide range of applications.
Product Definition:
Metal heating elements are a type of electrical heating element that uses metal wires or rods to generate heat. They are often used in industrial applications, such as metalworking and manufacturing, because they can generate a lot of heat very quickly. Metal heating elements are also very efficient, meaning they can convert a high percentage of the electricity they use into heat.
Kanthal (FeCrAl) wires:
Kanthal (FeCrAl) is a special type of wire used in metal heating elements. It has the property to absorb energy from electric heaters and convert it into thermal energy. Kanthal (FeCrAl) wires are available in various gauges, shapes, and sizes; however, they are all the same size as American Wire Gauge (AWG).
Nichrome 80/20 Wire and Strip:
The product is a type of alloy, which contains 80% nickel and 20% chromium. It has high resistance to corrosion and excellent electrical conductivity. The product offers various superior properties such as flexibility, malleability, high temperature stability, weldability and hardness.
It has been widely used in heating elements for soldering irons & welding equipment due to its higher strength compared to standard alloys such as stainless steel or carbon steel.
Application Insights:
Metallurgical & machinery was the largest application segment in 2017 and accounted for a market share of more than 30% in terms of revenue. Increasing demand for metals from various industries including automotive, construction, consumer goods, packaging and electrical is expected to drive the segment growth over the forecast period.
The ceramic & glass processing application segment is anticipated to witness significant growth over the forecast period owing to increasing demand for ceramics from end-use industries such as kitchenware and bathroom fittings. The heating elements used in this industry are made up of Kanthal (FeCrAl) wires that are capable of handling high temperatures required during glazing processes without getting deformed or discolored.
Electronic appliances include products such as mobile phones, laptops/notebooks etc.; these products heat up rapidly due to their demanding functions which require quick response times coupled with long shelf life performance properties.
Regional Analysis:
Asia Pacific metal heating elements market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing energy demand in emerging economies such as China, India, Indonesia, Malaysia and Thailand. The region has a large number of manufacturers who are adopting various marketing strategies such as mergers & acquisitions and new product launches for gaining an edge over their competitors. For instance; In May 2017; Panasonic Corporation acquired Sanyo Electric Co., Ltd's electrical equipment business including ceramic heater products in order to strengthen its position in the European market.
North America accounted for 24% share of global revenue in 2017 on account of high awareness regarding health & safety coupled with stringent government regulations pertaining to employee wellbeing at work place which is driving companies towards investing more on occupational health & safety solutions thereby boosting product demand over the forecast period.
Growth Factors:
- Increasing demand for metal heating elements from the automotive and electronics industries
- Growing popularity of electric vehicles, which will require more heating elements for battery packs and other components
- Rising demand for energy-efficient heating systems that use metal heating elements
- Technological advancements that improve the performance and efficiency of metal heating elements
- Growing awareness about the benefits of using metal heating elements in residential and commercial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Heating Elements Market Research Report
By Type
Kanthal (FeCrAl) wires, Nichrome 80/20 Wire and Strip, Cupronickel (CuNi) Alloys for Low Temperature Heating, Other
By Application
Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Other Application
By Companies
KANTHAL, Isabellenhütte, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, Taizhou Silver Xin, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC, KANTHAL, Taizhou Zhengxing, Jiangsu Lixin, Danyang Xinli Alloy, Hongtai Alloy, TAIXING TREE GREEN, YANCHENG HONGCHUANG, Jiangsu Huaxin Alloy, Xinghua Kaijin, SHANGHAI VEYUAN SPECIAL STEEL
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Metal Heating Elements Market Report Segments:
The global Metal Heating Elements market is segmented on the basis of:
Types
Kanthal (FeCrAl) wires, Nichrome 80/20 Wire and Strip, Cupronickel (CuNi) Alloys for Low Temperature Heating, Other
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
Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Other Application
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:
- KANTHAL
- Isabellenhütte
- Sedes
- T.R.W
- Xinghuo Special Steel
- Chongqing Chuanyi
- H.X.W
- Taizhou Silver Xin
- TAIZHOU JINCHUAN ALLOY
- TIANHE THERMOELECTRIC
- KANTHAL
- Taizhou Zhengxing
- Jiangsu Lixin
- Danyang Xinli Alloy
- Hongtai Alloy
- TAIXING TREE GREEN
- YANCHENG HONGCHUANG
- Jiangsu Huaxin Alloy
- Xinghua Kaijin
- SHANGHAI VEYUAN SPECIAL STEEL
Highlights of The Metal Heating Elements 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:
- Kanthal (FeCrAl) wires
- Nichrome 80/20 Wire and Strip
- Cupronickel (CuNi) Alloys for Low Temperature Heating
- Other
- By Application:
- Petroleum & Petrochemicals
- Metallurgical & Machinery
- Ceramic & Glass Processing
- Electronic Appliances
- Other Application
- 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 Metal Heating Elements 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?
Metal heating elements are devices that use metal to produce heat. They come in a variety of shapes and sizes, and can be used for a variety of purposes, including cooking food or warming up the room.
Some of the major companies in the metal heating elements market are KANTHAL, Isabellenh¼tte, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, Taizhou Silver Xin, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC, KANTHAL, Taizhou Zhengxing, Jiangsu Lixin, Danyang Xinli Alloy, Hongtai Alloy, TAIXING TREE GREEN, YANCHENG HONGCHUANG, Jiangsu Huaxin Alloy, Xinghua Kaijin, SHANGHAI VEYUAN SPECIAL STEEL.
The metal heating elements 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 Metal Heating Elements 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 Metal Heating Elements Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Heating Elements 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 Metal Heating Elements 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 Metal Heating Elements Market Size & Forecast, 2020-2028
4.5.1 Metal Heating Elements Market Size and Y-o-Y Growth
4.5.2 Metal Heating Elements 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 Kanthal (FeCrAl) wires
5.2.2 Nichrome 80/20 Wire and Strip
5.2.3 Cupronickel (CuNi) Alloys for Low Temperature Heating
5.2.4 Other
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 Petroleum & Petrochemicals
6.2.2 Metallurgical & Machinery
6.2.3 Ceramic & Glass Processing
6.2.4 Electronic Appliances
6.2.5 Other Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Heating Elements 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 Metal Heating Elements 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 Kanthal (FeCrAl) wires
9.6.2 Nichrome 80/20 Wire and Strip
9.6.3 Cupronickel (CuNi) Alloys for Low Temperature Heating
9.6.4 Other
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 Petroleum & Petrochemicals
9.10.2 Metallurgical & Machinery
9.10.3 Ceramic & Glass Processing
9.10.4 Electronic Appliances
9.10.5 Other Application
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 Kanthal (FeCrAl) wires
10.6.2 Nichrome 80/20 Wire and Strip
10.6.3 Cupronickel (CuNi) Alloys for Low Temperature Heating
10.6.4 Other
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 Petroleum & Petrochemicals
10.10.2 Metallurgical & Machinery
10.10.3 Ceramic & Glass Processing
10.10.4 Electronic Appliances
10.10.5 Other Application
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 Kanthal (FeCrAl) wires
11.6.2 Nichrome 80/20 Wire and Strip
11.6.3 Cupronickel (CuNi) Alloys for Low Temperature Heating
11.6.4 Other
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 Petroleum & Petrochemicals
11.10.2 Metallurgical & Machinery
11.10.3 Ceramic & Glass Processing
11.10.4 Electronic Appliances
11.10.5 Other Application
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 Kanthal (FeCrAl) wires
12.6.2 Nichrome 80/20 Wire and Strip
12.6.3 Cupronickel (CuNi) Alloys for Low Temperature Heating
12.6.4 Other
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 Petroleum & Petrochemicals
12.10.2 Metallurgical & Machinery
12.10.3 Ceramic & Glass Processing
12.10.4 Electronic Appliances
12.10.5 Other Application
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 Kanthal (FeCrAl) wires
13.6.2 Nichrome 80/20 Wire and Strip
13.6.3 Cupronickel (CuNi) Alloys for Low Temperature Heating
13.6.4 Other
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 Petroleum & Petrochemicals
13.10.2 Metallurgical & Machinery
13.10.3 Ceramic & Glass Processing
13.10.4 Electronic Appliances
13.10.5 Other Application
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 Metal Heating Elements Market: Competitive Dashboard
14.2 Global Metal Heating Elements Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KANTHAL
14.3.2 Isabellenhütte
14.3.3 Sedes
14.3.4 T.R.W
14.3.5 Xinghuo Special Steel
14.3.6 Chongqing Chuanyi
14.3.7 H.X.W
14.3.8 Taizhou Silver Xin
14.3.9 TAIZHOU JINCHUAN ALLOY
14.3.10 TIANHE THERMOELECTRIC
14.3.11 KANTHAL
14.3.12 Taizhou Zhengxing
14.3.13 Jiangsu Lixin
14.3.14 Danyang Xinli Alloy
14.3.15 Hongtai Alloy
14.3.16 TAIXING TREE GREEN
14.3.17 YANCHENG HONGCHUANG
14.3.18 Jiangsu Huaxin Alloy
14.3.19 Xinghua Kaijin
14.3.20 SHANGHAI VEYUAN SPECIAL STEEL
