Market Overview:
The global rotary hearth furnaces 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 rotary hearth furnaces from various end-use industries, such as residential use, commercial use, and others. In terms of type, the water-based fire retardant paints segment is projected to lead the global rotary hearth furnaces market during the forecast period. This can be attributed to their properties such as low VOC emissions and environmental friendliness. In terms of application, the residential use segment is projected to lead the global rotary hearth furnaces market during the forecast period.
Product Definition:
Rotary hearth furnaces are a type of furnace used to heat metals. The furnace consists of a horizontal cylindrical chamber with a door at one end and an opening at the other. The workpiece is placed inside the chamber and the door is closed. A gas or oil burner is then lit and the flame heats the workpiece from all sides.
Water-based Fire Retardant Paints:
Water-based fire retardant paints are used in the interior of rotary-hearth furnaces. The growth factor for water-based fire retardant paints is increasing with time as they have a huge demand from the construction industry and other end use industries. Water based paint has replaced oil based products owing to their environmental benefits, which include reduced VOCs emissions and improved worker safety during application & drying operations.
Solvent-based Fire Retardant Paints:
Solvent-based fire retardant paints are used in the interior of rotary-hearth furnaces. The product is applied over all surfaces that come into direct contact with the combustion products and hot gases. Solvent-based paints contain special ingredients, which upon drying, form a protective layer on the surface to resist heat and flame.
Application Insights:
Commercial use held the largest market share of over 70.0% in 2017 and is projected to continue its dominance over the forecast period. The growing commercial sector, particularly in emerging economies including China, India and Brazil is expected to be a key factor driving product demand for commercial applications.
Rotary hearth fireplaces are widely used for space heating or cooling applications in various commercial buildings such as offices, shops, hospitals and educational institutions among others. These products are also used within hotels where they provide an economical solution by burning wood or coal without the need for additional ventilation systems or air handling units which further reduces operational costs associated with building operations.
Residential use segment was estimated at USD 242 million in 2017 owing to increasing adoption of energy-efficient products that offer cost savings along with improved environmental performance across residential spaces including homes.
Regional Analysis:
Europe held the largest market share of over 35% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for rotary hearth furnaces from countries such as Germany, France, Italy and U.K. Moreover, growing adoption of these products due to their superior performance characteristics is anticipated to drive regional growth during the forecast period.
China emerged as a major consumer in Asia Pacific.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-temperature furnace applications
- Growing popularity of rotary hearth furnaces in foundry and metal casting operations
- Rising demand for energy-efficient and environmentally friendly heating solutions
- Technological advancements that have led to the development of more advanced and efficient rotary hearth furnaces
- The increasing use of rotary hearth furnaces in research and development laboratories
Scope Of The Report
Report Attributes
Report Details
Report Title
Rotary Hearth Furnaces Market Research Report
By Type
Water-based Fire Retardant Paints, Solvent-based Fire Retardant Paints
By Application
Residential Use, Commercial Use, Others
By Companies
Sherwin-Williams, BASF, Rudolf Hensel, Nordtreat AS, Fire Retardant Coatings of Texas, Teknos Group, ICA Group, Envirograf, Bollom (Tor Coatings), Flame Stop, Lanling Chemical, Shengguang Group, BBMG Coating, Zhuoan Technology
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Rotary Hearth Furnaces Market Report Segments:
The global Rotary Hearth Furnaces market is segmented on the basis of:
Types
Water-based Fire Retardant Paints, Solvent-based Fire Retardant Paints
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
Residential Use, Commercial Use, 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:
- Sherwin-Williams
- BASF
- Rudolf Hensel
- Nordtreat AS
- Fire Retardant Coatings of Texas
- Teknos Group
- ICA Group
- Envirograf
- Bollom (Tor Coatings)
- Flame Stop
- Lanling Chemical
- Shengguang Group
- BBMG Coating
- Zhuoan Technology
Highlights of The Rotary Hearth Furnaces 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:
- Water-based Fire Retardant Paints
- Solvent-based Fire Retardant Paints
- By Application:
- Residential Use
- Commercial Use
- 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 Rotary Hearth Furnaces 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
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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?
Rotary Hearth Furnaces are a type of wood-fired stove that use a rotating drum to heat the air inside the stove. This allows the stove to evenly distribute heat throughout the oven, which makes it an ideal choice for cooking large meals or baking bread.
Some of the key players operating in the rotary hearth furnaces market are Sherwin-Williams, BASF, Rudolf Hensel, Nordtreat AS, Fire Retardant Coatings of Texas, Teknos Group, ICA Group, Envirograf, Bollom (Tor Coatings), Flame Stop, Lanling Chemical, Shengguang Group, BBMG Coating, Zhuoan Technology.
The rotary hearth furnaces 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 Rotary Hearth Furnaces 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 Rotary Hearth Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rotary Hearth Furnaces 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 Rotary Hearth Furnaces 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 Rotary Hearth Furnaces Market Size & Forecast, 2020-2028
4.5.1 Rotary Hearth Furnaces Market Size and Y-o-Y Growth
4.5.2 Rotary Hearth Furnaces 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 Water-based Fire Retardant Paints
5.2.2 Solvent-based Fire Retardant Paints
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 Residential Use
6.2.2 Commercial Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rotary Hearth Furnaces 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 Rotary Hearth Furnaces 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 Water-based Fire Retardant Paints
9.6.2 Solvent-based Fire Retardant Paints
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 Residential Use
9.10.2 Commercial Use
9.10.3 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 Water-based Fire Retardant Paints
10.6.2 Solvent-based Fire Retardant Paints
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 Residential Use
10.10.2 Commercial Use
10.10.3 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 Water-based Fire Retardant Paints
11.6.2 Solvent-based Fire Retardant Paints
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 Residential Use
11.10.2 Commercial Use
11.10.3 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 Water-based Fire Retardant Paints
12.6.2 Solvent-based Fire Retardant Paints
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 Residential Use
12.10.2 Commercial Use
12.10.3 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 Water-based Fire Retardant Paints
13.6.2 Solvent-based Fire Retardant Paints
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 Residential Use
13.10.2 Commercial Use
13.10.3 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 Rotary Hearth Furnaces Market: Competitive Dashboard
14.2 Global Rotary Hearth Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sherwin-Williams
14.3.2 BASF
14.3.3 Rudolf Hensel
14.3.4 Nordtreat AS
14.3.5 Fire Retardant Coatings of Texas
14.3.6 Teknos Group
14.3.7 ICA Group
14.3.8 Envirograf
14.3.9 Bollom (Tor Coatings)
14.3.10 Flame Stop
14.3.11 Lanling Chemical
14.3.12 Shengguang Group
14.3.13 BBMG Coating
14.3.14 Zhuoan Technology
