Market Overview:
The global thermal oil heaters 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 thermal oil heaters from various end-use industries, such as oil & gas, chemical, polymer, food processing, paper mills, industrial laundries and glass industry. In addition, the growing demand for energy-efficient and environment-friendly heating solutions is also contributing to the growth of this market. Based on type, the global thermal oil heaters market can be segmented into tubular heating and local rapid heating. The tubular heating segment is expected to account for a larger share of the global thermal oil heaters market than local rapid heating segment during the forecast period.
Product Definition:
A thermal oil heater is a piece of industrial equipment used to heat a fluid by thermal conduction. Thermal oil heaters are often used to heat oils and other non-polar fluids, but can be used with other fluids as well. The importance of thermal oil heaters lies in their ability to transfer large amounts of energy quickly and efficiently.
Tubular Heating:
Tubular heating is a process in which the heat is supplied by one or more tubes, which are wound around a metal pipe. The heat can be supplied by an electric current or fuel such as natural gas, wood pellets, propane and others.
Local Rapid Heating:
The global market for rapid heating is expected to witness significant growth over the forecast period. Rapid heating systems are used in thermal oil heaters, which are widely used across various end-use industries including power generation, petrochemical processing and refining, metal production facilities among others.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising awareness among consumers regarding the harmful effects of chemicals in food and other end-use industries. Thermal oils are used as cooking mediums in several food processing plants, paper mills, glass industry and industrial laundries across the globe.
In terms of revenue, the oil segment dominated with a share of over 40% in 2017 owing to its high preference for use in deep fat frying applications. The chemical segment is expected to witness significant growth over the forecast period on account of increasing investments by companies operating within this sector such as Cemex SAB de CV onshore & offshore drilling rigs business unit that provides services including design & engineering; procurement; fabrication; installation & maintenance services related to drilling equipment at various offshore locations globally including Brazil, South America and West Africa region.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of thermal oil heating plants, which were installed before 2005. These plants are now coming into operation after being refurbished or replaced with advanced technologies. China accounts for a major share in this regional market owing to increasing demand from various end-use industries such as food processing, paper mills, chemical and others.
Europe accounted for 24% of the overall revenue share in 2017 on account of rising demand from countries including Russia, Germany, France and Italy coupled with stringent environmental norms regarding carbon emission into atmosphere by governments across these nations is likely to boost product adoption over next eight years or so.
Growth Factors:
- Increasing demand for thermal oil heaters from the chemical and petrochemical industries as a result of the growth in these industries.
- The increasing use of thermal oil heaters in district heating systems to meet the growing demand for energy-efficient heating systems.
- The increasing use of thermal oil heaters in process heating applications, such as food processing, metal processing, and plastics processing, due to their high efficiency and ability to achieve precise temperature control.
- Technological advancements that have led to the development of more efficient and compact thermal oil heaters that can be used in a wider range of applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Oil Heaters Market Research Report
By Type
Tubular Heating, Local Rapid Heating
By Application
Oil, Chemical, Polymer, Food Processing, Paper Mills, Industrial Laundries, Glass Industry, Others
By Companies
Solutia, Paratherm, Dow Chemicals, Radco Industries, Thermax
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Oil Heaters Market Report Segments:
The global Thermal Oil Heaters market is segmented on the basis of:
Types
Tubular Heating, Local Rapid Heating
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
Oil, Chemical, Polymer, Food Processing, Paper Mills, Industrial Laundries, Glass 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:
- Solutia
- Paratherm
- Dow Chemicals
- Radco Industries
- Thermax
Highlights of The Thermal Oil Heaters 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:
- Tubular Heating
- Local Rapid Heating
- By Application:
- Oil
- Chemical
- Polymer
- Food Processing
- Paper Mills
- Industrial Laundries
- Glass 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 Thermal Oil Heaters 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?
Thermal oil heaters are used to heat up oil in order to produce energy. They work by using a small amount of oil as a fuel and then burning the oil to create heat. This heat is then used to power various devices, such as motors or appliances.
Some of the major companies in the thermal oil heaters market are Solutia, Paratherm, Dow Chemicals, Radco Industries, Thermax.
The thermal oil heaters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Oil Heaters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermal Oil Heaters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Oil Heaters Market - Supply Chain
4.5. Global Thermal Oil Heaters Market Forecast
4.5.1. Thermal Oil Heaters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Oil Heaters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Oil Heaters Market Absolute $ Opportunity
5. Global Thermal Oil Heaters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermal Oil Heaters Market Size and Volume Forecast by Type
5.3.1. Tubular Heating
5.3.2. Local Rapid Heating
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Oil Heaters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermal Oil Heaters Market Size and Volume Forecast by Application
6.3.1. Oil
6.3.2. Chemical
6.3.3. Polymer
6.3.4. Food Processing
6.3.5. Paper Mills
6.3.6. Industrial Laundries
6.3.7. Glass Industry
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Oil Heaters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermal Oil Heaters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermal Oil Heaters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermal Oil Heaters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermal Oil Heaters Demand Share Forecast, 2019-2026
9. North America Thermal Oil Heaters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermal Oil Heaters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermal Oil Heaters Market Size and Volume Forecast by Application
9.4.1. Oil
9.4.2. Chemical
9.4.3. Polymer
9.4.4. Food Processing
9.4.5. Paper Mills
9.4.6. Industrial Laundries
9.4.7. Glass Industry
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Oil Heaters Market Size and Volume Forecast by Type
9.7.1. Tubular Heating
9.7.2. Local Rapid Heating
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermal Oil Heaters Demand Share Forecast, 2019-2026
10. Latin America Thermal Oil Heaters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermal Oil Heaters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermal Oil Heaters Market Size and Volume Forecast by Application
10.4.1. Oil
10.4.2. Chemical
10.4.3. Polymer
10.4.4. Food Processing
10.4.5. Paper Mills
10.4.6. Industrial Laundries
10.4.7. Glass Industry
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Oil Heaters Market Size and Volume Forecast by Type
10.7.1. Tubular Heating
10.7.2. Local Rapid Heating
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermal Oil Heaters Demand Share Forecast, 2019-2026
11. Europe Thermal Oil Heaters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermal Oil Heaters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermal Oil Heaters Market Size and Volume Forecast by Application
11.4.1. Oil
11.4.2. Chemical
11.4.3. Polymer
11.4.4. Food Processing
11.4.5. Paper Mills
11.4.6. Industrial Laundries
11.4.7. Glass Industry
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Oil Heaters Market Size and Volume Forecast by Type
11.7.1. Tubular Heating
11.7.2. Local Rapid Heating
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermal Oil Heaters Demand Share, 2019-2026
12. Asia Pacific Thermal Oil Heaters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermal Oil Heaters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermal Oil Heaters Market Size and Volume Forecast by Application
12.4.1. Oil
12.4.2. Chemical
12.4.3. Polymer
12.4.4. Food Processing
12.4.5. Paper Mills
12.4.6. Industrial Laundries
12.4.7. Glass Industry
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Oil Heaters Market Size and Volume Forecast by Type
12.7.1. Tubular Heating
12.7.2. Local Rapid Heating
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermal Oil Heaters Demand Share, 2019-2026
13. Middle East & Africa Thermal Oil Heaters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermal Oil Heaters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermal Oil Heaters Market Size and Volume Forecast by Application
13.4.1. Oil
13.4.2. Chemical
13.4.3. Polymer
13.4.4. Food Processing
13.4.5. Paper Mills
13.4.6. Industrial Laundries
13.4.7. Glass Industry
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Oil Heaters Market Size and Volume Forecast by Type
13.7.1. Tubular Heating
13.7.2. Local Rapid Heating
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermal Oil Heaters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Oil Heaters Market: Market Share Analysis
14.2. Thermal Oil Heaters Distributors and Customers
14.3. Thermal Oil Heaters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Solutia
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Paratherm
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dow Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Radco Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thermax
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
