The Global Brazed Plate Heat Exchangers Market is supposed to grow at a CAGR of 7% owing to its high demand in the packaging industry. Demands from mining, HVAC, and steel industries along with manufacturing of BPHEs are driving the business growth.
Recent Development
Henkel joined the U.S plastic pact and is committed to achieving circular economy goals by the end of 2025.
Drivers and Restraints of the Global Brazed Plate Heat Exchangers Market
Rising demands in the construction sector are a driving factor to promote the Brazed Plate Heat Exchangers industry around the world, it widely used in the manufacturing industry. The Paper industry also has wide implications of Brazed Plate Heat Exchangers in the form of laminations etc.
Brazed Plate Heat Exchangers are also used in industrial products such as the construction of corrugated boxes and in recent times this has been one of the growth factors of the industry. Brazed Plate Heat Exchangers are highly regarded for protection against wear, abrasion, and impact, fast cold-curing, excellent adhesion to a wide variety of substrates, better mechanical strength, high elasticity, protection against erosion and corrosion, and easy application. As a consequence of that, Brazed Plate Heat Exchangers are gaining popularity in diverse applications.
The rapid expansion of the global construction sector due to private and government funding is igniting the demand for Brazed Plate Heat Exchangers used in the cement & aggregate industry for repair and maintenance of conveyor belts, pulleys, and rollers. Consequently, increasing demand for Brazed Plate Heat Exchangers from different industry verticals such as cement, aggregate, and mining - quarrying industries, which is expected to boost the global Brazed Plate Heat Exchangers market during the outlook period.
Factors holding back the market are,
Brazed Plate Heat Exchangers are extremely useful and is growing at a high rate but at the same time, it is costly. In addition to this, the volatility in prices also impedes growth.
This cost ineffectiveness is a major drawback for the industry. The industry requires a lot of funds in research and development to keep improving the quality of the products to meet the standard demands which are in line with the environmental regulations.
Brazed Plate Heat Exchangers market has been segmented into the following categories:
On the basis of the Product
On the basis of End-use
The multi-circuit product segment in the Brazed Plate Heat Exchangers dominated the market in terms of value in 2019 and this trend is likely to continue during the outlook period of 2020 to 2025. The primary reason for this dominion is that these circuits offer a smaller footprint and are cheaper than the single circuit heat exchangers.
The HVAC application is the largest shareholder in the Brazed Plate Heat Exchangers market in terms of value. Brazed plate exchangers are used in appliances such as refrigerators and air conditioners. Technological advancements and an incessant demand for smaller products are driving the manufacturers of HVAC products to utilize brazed plate heat exchangers because of their less carbon footprint, bolstering the product demand. Further, brazed plate heat exchangers are known for lower expenses as they consume less energy and inflict low maintenance costs.
On the basis of Region
North America
Latin America
Asia Pacific
Middle East & Africa
Asia Pacific region (APAC) is expected to dominate the global Brazed Plate Heat Exchangers market in terms of value during the forecasted period of 2020 to 2025. Previously, it led the Brazed Plate Heat Exchangers market due to the presence of established mining & quarrying, and steel end-use industries in the region. The above-mentioned industries utilize Brazed Plate Heat Exchangers in conveyor belts, pulleys, and rollers. The market in these end-use segments is led by nations like China, Japan, India, and Australia, among other countries. Amidst the incessant technological growth, the demand for high performing Brazed Plate Heat Exchangers is increasing. This has led to developments in the APAC market.
The European region is the second-largest market for Brazed Plate Heat Exchangers. In Europe, Germany is expected to dominate the market. It has become one of the production powerhouses of the world and is one of the strongest economies. Automotive sectors in the region are planning huge investments in the Brazed Plate Heat Exchangers industry in the upcoming years which will increase its demand.
Key Market Players listed in the report are,
API Heat Transfer
Arkema Group
Onda
Sika AG
Funke
Impact of COVID-19 on the Global Brazed Plate Heat Exchangers Market
Coronavirus has exposed severe challenges for the brazed plate heat exchangers market by impacting end-user sectors. Major economies around the world are affected due to pandemic. The Brazed Plate Heat Exchangers market, however, saw a stagnant growth in this period owing to the subdued demand from the manufacturing industry. Decreased construction and mining activities have also resulted in low demand which has negatively impacted the industry. More investments are being made towards multi-circuit-based Brazed Plate Heat Exchangers adhesives to improve the efficiency of the products. Post the pandemic, the market is supposed to grow at a similar rate if not more at a CAGR of 4-5%.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Brazed Plate Heat Exchangers Market, By Product
6.1.1 Single Circuit
6.1.2 Multi-Circuit
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Brazed Plate Heat Exchangers Market, By End-Use Industry
6.2.1 HVACR
6.2.2 Chemical
6.2.3 Food & Beverage
6.2.4 Power
6.2.5 Mining
6.2.6 Heavy Industries
6.2.7 Paper
6.2.8 Market Size Estimations & Forecasts (2019-2024)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product
7.2.3 By End-Use Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product
7.3.3 By End-Use Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By End-Use Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product
7.5.3 By End-Use Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product
7.6.3 By End-Use Industry
8. Key Player Analysis
8.1 API Heat Transfer
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Arkema Group
8.3 Onda
8.4 Sika AG
8.5 Funke
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by product,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Brazed Plate Heat Exchangers Market By Region, From 2020-2025 ( USD Billion )
Global Brazed Plate Heat Exchangers Market By Product, From 2020-2025 ( USD Billion )
Global Single Circuit Market By Region, From 2020-2025 ( USD Billion )
Global Multi Circuit Market By Region, From 2020-2025 ( USD Billion )
Global Brazed Plate Heat Exchangers Market By End-Use Industry, From 2020-2025 ( USD Billion )
Global HVACR Market By Region, From 2020-2025 ( USD Billion )
Global Paper Market By Region, From 2020-2025 ( USD Billion )
Global Chemicals Market By Region, From 2020-2025 ( USD Billion )
Global Power Market By Region, From 2020-2025 ( USD Billion )
Global Mining Market By Region, From 2020-2025 ( USD Billion )
Global Heavy Industries Market By Region, From 2020-2025 ( USD Billion )
Global Food & Beverages Market By Region, From 2020-2025 ( USD Billion )
