Market Overview:
The global titanium heat exchanger market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for titanium heat exchangers from the petroleum industry, chemical industry, food industry, and other industries. Shell and tube type titanium heat exchangers are expected to dominate the global titanium heat exchanger market during the forecast period.
Product Definition:
A titanium heat exchanger is a device that is used to transfer thermal energy between two or more objects. The device can be used to either heat or cool the objects, depending on the needs of the user. The titanium material is highly efficient at conducting thermal energy and can be used in a variety of applications.
Shell and Tube:
Shell and tube heat exchangers are widely used in the petrochemical industry for various applications such as cooling, heating, condensing and evaporating. The growth factor in the shell & tube market is attributed to factors such as low maintenance cost, high corrosion resistance coupled with easy installation process. Shell & Tube heat exchangers are available with different configurations which include single shell or double shell.
Plate:
Plate is a device used in heat exchangers to transfer heat between two fluids or gases. It can be made of various materials such as copper, aluminum, and steel. The most common type of plate used in the oil & gas industry is made from cast iron and designed to fit into a particular size range (size-class) within the petroleum industry.
Application Insights:
The chemical industry emerged as the largest application segment and accounted for a volume share of over 30% in 2017. The growing demand for titanium dioxide, which is used in the production of paints and coatings, is expected to be one of the key factors driving product demand over the forecast period. In addition, increasing utilization of titanium compounds in manufacturing chemicals such as fertilizers and pigments is projected to further fuel market growth during the forecast period.
The food industry was estimated to be worth USD 544 million in 2017 on account of rising applications across various end-use industries including pharmaceuticals and cosmetics. Rising use within frozen dairy products such as ice creams owing to its high melting point coupled with properties that reduce foaming when mixed with other ingredients are likely drive product demand from this sector over next few years.
Regional Analysis:
Asia Pacific dominated the global titanium heat exchangers market in 2017 and is expected to continue its dominance over the forecast period. The presence of major chemical companies such as BASF, Bayer CropScience, and Syngenta in China has led to an increase in demand for heat exchangers used for water treatment. In addition, rising industrialization coupled with increasing petroleum exploration activities is anticipated to drive product demand over the forecast period.
Europe accounted for a significant share of revenue on account of rising petrochemical investments across countries such as Russia and Germany that are major consumers of shell & tube heat exchangers. Moreover, favorable government regulations regarding utilization of sustainable materials along with growing environmental concerns have resulted into increased product sales across Europe region during the estimated time span.
The Middle East & Africa region is projected to witness high growth rate owing to rapid development witnessed by economies including Saudi Arabia.
Growth Factors:
- Increasing demand for energy efficient systems in various industries
- Growing awareness about the benefits of titanium heat exchangers over traditional ones
- Rising investments in research and development to improve the efficiency of titanium heat exchangers
- Technological advancements that have led to the development of more efficient and compact titanium heat exchangers
- The increasing popularity of miniaturized devices, which has led to an increase in demand for titanium heat exchangers
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Heat Exchanger Market Research Report
By Type
Shell and Tube, Plate
By Application
Petroleum Industry, Chemical Industry, Food Industry, Others
By Companies
Termodinamica, TITAN Metal Fabricators, Thermex, Alfa Laval, Mersen, Wuxi Hengkai Chemical Equipment Technology Co., Ltd., Suzhou Tengzhong Titanium Equipment Manufacturing Co., Ltd., Aqua Logic, Lytron, HRS Heat Exchangers, WCR, Inc.
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Heat Exchanger Market Report Segments:
The global Titanium Heat Exchanger market is segmented on the basis of:
Types
Shell and Tube, Plate
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 Industry, Chemical Industry, Food Industry, 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:
- Termodinamica
- TITAN Metal Fabricators
- Thermex
- Alfa Laval
- Mersen
- Wuxi Hengkai Chemical Equipment Technology Co., Ltd.
- Suzhou Tengzhong Titanium Equipment Manufacturing Co., Ltd.
- Aqua Logic
- Lytron
- HRS Heat Exchangers
- WCR, Inc.
Highlights of The Titanium Heat Exchanger 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:
- Shell and Tube
- Plate
- By Application:
- Petroleum Industry
- Chemical Industry
- Food Industry
- 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 Titanium Heat Exchanger 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
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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?
A titanium heat exchanger is a device that uses titanium to transfer heat between two fluids. This can be used in industrial processes, such as the manufacturing of semiconductors and other electronic components.
Some of the major companies in the titanium heat exchanger market are Termodinamica, TITAN Metal Fabricators, Thermex, Alfa Laval, Mersen, Wuxi Hengkai Chemical Equipment Technology Co., Ltd., Suzhou Tengzhong Titanium Equipment Manufacturing Co., Ltd., Aqua Logic, Lytron, HRS Heat Exchangers, WCR, Inc..
The titanium heat exchanger 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 Titanium Heat Exchanger 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 Titanium Heat Exchanger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Titanium Heat Exchanger 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 Titanium Heat Exchanger 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 Titanium Heat Exchanger Market Size & Forecast, 2020-2028
4.5.1 Titanium Heat Exchanger Market Size and Y-o-Y Growth
4.5.2 Titanium Heat Exchanger 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 Shell and Tube
5.2.2 Plate
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 Industry
6.2.2 Chemical Industry
6.2.3 Food Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium Heat Exchanger 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 Titanium Heat Exchanger 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 Shell and Tube
9.6.2 Plate
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 Industry
9.10.2 Chemical Industry
9.10.3 Food Industry
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 Shell and Tube
10.6.2 Plate
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 Industry
10.10.2 Chemical Industry
10.10.3 Food Industry
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 Shell and Tube
11.6.2 Plate
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 Industry
11.10.2 Chemical Industry
11.10.3 Food Industry
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 Shell and Tube
12.6.2 Plate
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 Industry
12.10.2 Chemical Industry
12.10.3 Food Industry
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 Shell and Tube
13.6.2 Plate
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 Industry
13.10.2 Chemical Industry
13.10.3 Food Industry
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 Titanium Heat Exchanger Market: Competitive Dashboard
14.2 Global Titanium Heat Exchanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Termodinamica
14.3.2 TITAN Metal Fabricators
14.3.3 Thermex
14.3.4 Alfa Laval
14.3.5 Mersen
14.3.6 Wuxi Hengkai Chemical Equipment Technology Co., Ltd.
14.3.7 Suzhou Tengzhong Titanium Equipment Manufacturing Co., Ltd.
14.3.8 Aqua Logic
14.3.9 Lytron
14.3.10 HRS Heat Exchangers
14.3.11 WCR, Inc.
