NEW YORK, July 28, 2016 /PRNewswire/ -- This BCC Research report determines the current status of the market for rheumatoid arthritis treatments, and assesses their growth potential over a five-year period from 2016 through 2020.
Use this report to:
Gain an up-to-date analysis of recent developments and current trends in the global flexible heater market.
Quantify the projected impact of both internal and external forces affecting the global market for flexible heaters and their impact on the industry.
Discuss the major players in each of the regional markets and explain the global drivers, current trends, challenges and regional dynamics of the market.
Analyze statistical information on markets, applications, industry structure and dynamics, along with technological developments.
The global market for flexible heaters has grown to nearly $3.3 billion in 2016 from $3.1 billion in 2015.
The market is expected to grow at a five-year compound annual growth rate (CAGR) of 6.0% from 2016 to 2021, increasing to $4.4 billion in 2021. The silicone rubber-based flexible heaters market is the largest sector of the market.
The market is expected to grow from $1.2 billion in 2016 to nearly $1.6 billion in 2021 at a CAGR of 6.1% for the period 2016-2021.
The polyester-based flexible heaters market is expected to grow from $722.3 million in 2016 to $966.7 million in 2021 at a CAGR of 6.0% for the period 2016-2021.
Global demand for flexible heaters has risen at an unprecedented rate over the last several decades. Flexible heaters are mainly used in the medical equipment, commercial and defense systems, electronics and semiconductors, commercial food equipment and commercial refrigeration, chemical processing, automotive, and oil and gas industries. The flexible heater market has thus evolved in recent years alongside developments in the medical, aerospace and defense, electronics, food and beverage, and chemical processing end-user industries. The technological advancement in these fields, along with the launch of innovative products in the market that require process heat and freeze protection and continuous research and development (R&D) for new types of flexible heaters is driving the market.
Silicone rubber and polyimide-based flexible heaters are the major flexible heater types that have been historically made, and they currently dominate the market, together accounting for 67.1% of the total market share. Flexible heaters based on other material types, though smaller in size, are expected to witness robust growth during the forecast period. The Asia-Pacific, North America and Europe regions primarily drive the market. Key participants in the flexible heater market include Honeywell Sensing and Control, Chromalox, Minco Products Inc., Watlow, Heatron Inc., Sinomas, Hi-Heat Industries Inc., BriskHeat Corp., Keenovo International Group Ltd. and MIYO Technology Co. The Asia-Pacific region accounts for the highest global market share, followed by North America and Europe. Increasing demand for flexible heaters in various medical devices, analytical instruments, avionic and defense systems, semiconductors and commercial food equipment is driving the market. This report also profiles major companies in this market.
STUDY GOALS AND OBJECTIVES
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global flexible heater market. It has the additional aim of identifying significant drivers of revenue growth. The objective of this type of systematic research is to quantify the projected impact of both internal and external forces affecting the global market for flexible heaters and their impact on the industry over the forecast period from 2016 to 2021.
REASONS FOR DOING THE STUDY
Rising demand for flexible heaters in various end-user industries and the increase in consumption of smart devices, including liquid crystal display (LCD) screens, resistance temperature detector (RTD) monitors and 3-D printers; commercial food equipment; surgical devices; and battery warmers, is driving the global flexible heater market. Continuous advancements are being made in the flexible heater field, and there have been significant reductions in cost, helping to further drive adoption of these products. Increasing demand for silicone rubber-based flexible, polyimide-based flexible and polyester-based flexible heaters in several end-user industries has created a huge growth opportunity for flexible heater manufacturers in the markets in North America, Europe and the Asia-Pacific region.
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