Global Graphite Heat Exchangers Market was valued at US$ XX Bn in 2020 and expected to reach US$ XX Bn by 2026 at a CAGR of XX% during forecast period.
The report covers the detailed analysis of the Global graphite heat exchangers industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2016 to 2020 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.
A heat exchanger is a device designed for efficient heat transfer from one medium to another. The graphite heat exchangers are made of graphite. These heat exchangers are mainly used in heating and cooling processes. Graphite heat exchangers are widely used in various applications due to its superior properties such as corrosive resistant material.
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The growing demand for graphite heat exchangers from various industries such as petrochemical, food & beverages, chemical, refining & processing, pharmaceutical, fertilizers, steel pickling, mining and metal finishing, is major growth driver for global market. Also growing boundary of application area due its good refractory and mechanical properties along with excellent corrosion resistance is expected growth driver for global graphite heat exchanger market.
The high cost for graphite heat exchangers is expected major restraining factor for growth in global market. Also sometimes graphite is not compatible with chemicals, particularly highly oxidizing agents is one more growth restraint factor for global graphite heat exchangers market.
The growing need of energy saving and rise in prices of energy sources are resulting to growth in demand for graphite heat exchangers, which is expected new opportunity for the global graphite heat exchangers market.
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The report helps in understanding Global graphite heat exchangers Market dynamics, structure, by analyzing the market segments and projects the Global graphite heat exchangers Market size. The clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global graphite heat exchangers market make the report investor’s guide.
Segment Analysis for the Global Graphite Heat Exchangers Market
The shell & tube graphite heat exchanger segment was major shareholder of global graphite heat exchanger market and also expected to remain major during forecast period. The growing demand from power condensers, preheaters, oil coolers and steam generators due to its larger heat exchange area and excellent resistant to stress and pressure, help in growth of global market. Shell & tube heat exchanger segment was valued at US$ XX bn in 2020 and expected to grow at a CAGR of XX% during forecast period to register US$ XX Bn by 2026.
The Chemical Segment held XX% of global market shares in 2020 and expected to resister growth of US$ XX Bn by 2026 at a CAGR of XX% during forecast period. The rising demand for chemical industry due its high chemical resistivity helps to make chemical segment as a major global market shareholder.
Petrochemical industry segment held second largest shares of global market in 2020 and metal surface treatment industries at 3rd. The demand for graphite heat exchangers is also showing major growth from petrochemical industry due to its chemical resistivity and expected to be major shareholder by 2026.
Europe accounted major portion of the global graphite heat exchanger market in 2020. Also it is expected to grow at a CAGR of XX% during forecast period to reach US$ XX Bn by 2026. The growing demand for its applications in the food & beverages is major growth driving factor in Europe region. North America was second largest shareholder of global graphite heat exchanger market in 2020. The increasing usage of graphite heat exchanger in petrochemical industry is expected to drive the growth of market in North America.
Global Graphite Heat Exchangers Market
• SGL Group, MERSEN,
• Graphite India Limited,
• Nantong Sunshine,
• Nantong Xingqiu,
• Qingdao Boao,
• Qingdao Hanxin,
• GAB Neumann GmbH,
• Louisville Graphite Incorporated,
• Jiangsu Ruineng Anticorrosion Equipment Co.,
• ALFA LAVAL,
• Qingdao Futong
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