Global graphite heat exchanger market
stood at $ 2 billion in 2018 and is projected to reach $ 3.5 billion by 2024,
exhibiting a CAGR of over 9% during 2019-2024, on account of surging prices of
energy. A heat exchanger is a device used to transfer heat between two or more
fluids. Graphite materials are used in heat exchangers as they provide good
refractory and mechanical properties but still maintain a high thermal
conductivity. Graphite heat exchangers provide excellent corrosion resistance
to a wide variety of chemicals and are therefore commonly used in industries
such as chemical, refining & processing, petrochemical, food & beverages,
pharmaceutical, fertilizers, steel pickling, mining and metal finishing.
In terms of product, global
graphite heat exchanger market has been categorized into shell & tube,
plates, blocks and others. The shell & tube graphite heat exchangers are
the most common types of graphite heat exchangers used, globally, and accounted
for a significant portion of the global market in 2018. The shell & tube
graphite heat exchangers have a larger heat exchange area and they also have
excellent resistant to stress and pressure surges. They are extensively used as
power condensers, preheaters, oil coolers and steam generators. These types of
graphite heat exchangers are considered to be an ideal choice for heavy-duty
applications, owing to their high efficiency.
Europe accounted for a significant
portion of global graphite heat exchanger market in 2018. In coming years, the
market for graphite heat exchangers is expected to witness growth in the
region, owing to its application in food & beverages industry. Moreover,
the market for graphite heat exchangers in the North American region is anticipated
to hold a considerable portion, on the back of increasing usage of graphite
heat exchangers in the petrochemical industry. US accounted for majority of the
North American graphite heat exchanger market in 2018 and is likely to account
for majority of the market during the forecast period as well.
Companies involved in the
manufacturing of graphite heat exchangers are investing heavily in R&D to
develop highly efficient heat exchangers over the next few years. Key players in
global graphite heat exchanger market are Alfa Laval AB, SGL
Group, MERSEN, Graphite India Limited, Nantong Xingqiu, Nantong Sunshine, among
others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective
of the Study:
- To analyze and forecast
global graphite heat exchanger market size.
- To forecast global graphite heat exchanger market based
on product, end user and regional distribution.
- To identify drivers and
challenges for global graphite heat exchanger market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in global graphite heat exchanger market.
- To conduct the pricing
analysis for global graphite heat exchanger market.
- To identify and analyze the
profile of leading players operating in global graphite heat exchanger market.
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Some of the leading players in global graphite heat exchanger
market are Alfa Laval AB, SGL Group, MERSEN, Graphite India Limited, Nantong
Xingqiu, Nantong Sunshine, Qingdao Boao, Qingdao Hanxin, Nantong Shanjian,
Qingdao BoHua, Nantong Graphite, etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of graphite heat exchanger vendors across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the suppliers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the product offerings, distribution
channels and presence of all major graphite heat exchanger manufacturers across
the globe.
TechSci
Research calculated global graphite heat exchanger market size using a
bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years was made. TechSci Research sourced these values from the industry
experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target
Audience:
- Graphite heat exchanger manufacturers
- Graphite heat exchanger suppliers,
distributors and other stake holders
- Graphite heat exchanger end user industries
- Organizations, forums and alliances related to
Graphite Heat Exchanger market
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as solution
providers and partners, end users etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, global graphite heat exchanger market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, by Product:
- Shell & Tube
- Plates
- Blocks
- Others
- Market, by End User:
- Chemical Industry
- Petrochemical Industry
- Metal Surface Treatment Industry
- Pharmaceutical Industry
- Food & Beverages Industry
- Others
- Market, by Region:
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Middle East
& Africa
- Iran
- Saudi Arabia
- South Africa
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global graphite heat exchanger market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com