Market Overview:
The global silicon carbide 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 silicon carbide block heat exchangers in various end-use industries, such as chemical industry, pharmaceutical industry, petrochemicals and others. In terms of type, the standard grade segment is expected to hold a major share of the global silicon carbide block heat exchanger market during the forecast period. This can be attributed to its low cost and high performance as compared to other types of silicon carbide block heat exchangers available in the market.
Product Definition:
A Silicon Carbide Block Heat Exchanger is a device used to transfer heat between two fluids. The importance of Silicon Carbide Block Heat Exchangers is that they are very efficient at transferring heat and can be used in a variety of applications.
Standard:
The standard is a dimensionless quantity that is used to express the thermal conductivity of a material. It depends on the nature and type of the material, but generally it can be considered as an inherent property of matter. The higher the value, typically means better heat transfer properties exhibited by that particular product.
Silicon carbide has been traditionally used in heat exchangers for industrial applications such as chemical processing industries.
Fine Grain:
Silicon carbide (SiC) is a ceramic material with composition of 3.5% Si, 0.5% C and balance oxygen, nitrogen and carbon. It has high thermal conductivity compared to graphite and diamond which makes it an ideal candidate for heat exchanger application in power plants or industrial processes that require high thermal efficiency.
Application Insights:
The chemical industry led the global market and accounted for more than a 38% share of the overall revenue in 2017. The segment is expected to witness significant growth over the forecast period on account of rising demand for chemicals, particularly in emerging countries such as China, India and Brazil. Silicon carbide based block heat exchangers are used extensively in various processes including distillation, reboilers, condensers and process heating. They provide efficient thermal management solutions that enhance operational performance while reducing costs by minimizing energy consumption.
Silicon carbide products have high resistance to wear & tear which results into increased life expectancy of equipment operating at high temperatures. These products also reduce maintenance costs by providing long-term stability at low temperature conditions without any need for regular replacement or refurbishment activities as compared to conventional metal counterparts.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand from end-use industries, such as chemical and petrochemical, pharmaceuticals and food & beverage. China is projected to remain a key consumer of Silicon Carbide blocks in this region owing to its large chemical industry.
The U.S., being one of the largest consumers of petroleum products across various applications, has witnessed an increase in shale gas exploration activities that have led to high product demand for heat transfer applications within refineries and other industrial facilities involved in crude oil refining process flow (Refinery Digest 2016). In addition, growing shale gas production coupled with low manufacturing cost associated with Silicon Carbide blocks has resulted into increased utilization rates across various end-use industries including chemicals & petrochemicals (ICP) and others (power generation), which will drive regional market growth over the next eight years (2030).
Growth Factors:
- Increasing demand for silicon carbide block heat exchangers in the chemical industry due to their high thermal conductivity and corrosion resistance.
- Growing demand for silicon carbide block heat exchangers from the power generation sector due to their ability to handle high temperatures and pressures.
- Rising popularity of silicon carbide block heat exchangers in the oil & gas industry as they are able to withstand extreme operating conditions.
- Increasing adoption of silicon carbide block heat exchangers in HVAC systems owing to their superior performance characteristics over traditional metal-based counterparts.
Scope Of The Report
Report Attributes
Report Details
Report Title
Silicon Carbide 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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Silicon Carbide Block Heat Exchangers Market Report Segments:
The global Silicon Carbide 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 Silicon Carbide 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 Silicon Carbide 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
- Channel & Customer Management
- 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 Silicon Carbide Block Heat Exchanger is a device that transfers heat from one fluid to another. They are commonly used in industrial processes where high temperatures and pressures are required, such as in the production of semiconductors.
Some of the major players in the silicon carbide block heat exchangers market are GAB Neumann, Mersen, API, Nantong Sunshine, Corrox Remedies, SGL Group, Qingdao Boao, Qingdao BoHua.
The silicon carbide 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 Silicon Carbide 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 Silicon Carbide Block Heat Exchangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicon Carbide 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 Silicon Carbide 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 Silicon Carbide Block Heat Exchangers Market Size & Forecast, 2020-2028
4.5.1 Silicon Carbide Block Heat Exchangers Market Size and Y-o-Y Growth
4.5.2 Silicon Carbide 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 Silicon Carbide 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 Silicon Carbide 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 Silicon Carbide Block Heat Exchangers Market: Competitive Dashboard
14.2 Global Silicon Carbide 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
