‘global’ Tagged Posts

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Global Automotive Heat Exchanger Market

 

The global automotive heat exchanger market is expected to reach $ 68 billion by 2017, growing at a CAGR of 7.81% tiill 2020. An automotive heat exchanger is specifically used to transfer heat between two mediums at different temperatures, which are in thermal contact with each other. For instance, in an internal combustion engine the engine coolant flows in a circular motion through the radiator coils and air flows past these coils to cool the engine. The automotive segment in a global heat exchanger market acquired more than 25% by the end of 2014.

The global automotive heat exchanger market is expected to grow at a considerable rate during the coming 5 years.. The majority of the market’s growth stems from Mexico, US and China, which is closely followed by Japan and India. The major drivers of market is the growth of the automotive aftermarket components market especially in the APAC region. The increasing demand for automotive components has a direct positive influence on the demand for automotive heat exchangers. Furthermore, the increasing demand for automatic transmission and turbocharged engines especially in the US, and Japan market, would propel the demand for automotive heat exchangers, resulting in the growth of the automotive heat exchanger market, during the forecast period. In addition, the increased demand and production of passenger and commercial vehicles, would also propel the growth of the global automotive heat exchanger market. However, the main challenge in this market is the increase in complexity of automotive heat exchangers, which is affecting the profit margin of the manufacturers to produce automotive heat exchanger at low competitive price. Despite the presence of the challenges, the market is witnessing several dynamics such as increased adoption of lightweight materials in the making of automotive heat exchangers. In addition, the implementation of stringent emission norms in European and North American has resulted in OEMs to push for technologies that assist in complying with the standards. Thereby, the planned revisions in the emission standards, complying with the Euro V norms, would lead to increased usage of heat exchangers useful for exhaust gas circulation, as well as for coolers used in the turbochargers.

The market is segmented on the basis of application, design type, vehicle type, and country. The automotive radiator leads the market with a share of more than 52% in the application type. Similarly the market for plate fin heat exchanger would dominate the market in 2020, with tube-fin generating the highest CAGR during the forecast period.The growth in the electric vehicle segment with its increased application of heat exchangers, would emerge as the most prominent segment among the vehicle types. The automotive heat exchanger market is fragmented and highly competitive with the presence of a large number of vendors across the globe. However, because of the international players increasing their hold in the automotive heat exchanger market, the regional and new vendors finds it difficult to compete with them, especially on quality, features, safety, and price. Thereby, it is expected that international players will grow inorganically during the forecast period by acquiring regional or local players in the APAC market. The regional vendors provide cost-effective products with limited features and functionalities. Denso, Mahle, Valeo, Visteon are the dominant players in the market.

Global Super Abrasives Market

 

The Global Super Abrasive Market has been estimated at USD 3.43 billion in 2015 and is projected to reach USD 4.87 billion by 2020, at a CAGR of 7.53% during the forecast period from 2015 to 2020. The global super abrasives market is a growing one as super abrasives are steadily replacing normal ones as the production increases. Abrasives are used to smoothen the surface or achieve desired shape by removing the material on the job, typically steel.

Super Abrasives are steadily growing in application. They are employed in various industries like automotive, aerospace, medical, electronics, composites, oil industry and others. They are used when high quality finish is needed when working on hard materials. They are typically used to make tools from high-speed steel. Aerospace and automotive form the major market segment with over 30% market share. The market is segmented into diamond, Cubic Boron Nitride (CBN), polycrystalline and others based on the type of super abrasives. Diamonds used as super abrasives are non-jewel type, industrial made and Nano diamonds.

The market is expected to be driven by the growing adaptation of CNC machines. CNC machines typically require less training and with the help of super abrasives, they can replace skilled human labor for intricate shapes and smooth finishes. Super abrasives offer very high speed machining and are cheaper than abrasives when per part cost is taken into account. However, the high cost of super abrasives is a deterrent to the manufacturing sector. Manufacturers need CNC machines and high production quantities to justify the costs of super abrasives.

The market has also been geographically segmented into APAC, North America, Europe, South America and MEA. In terms of consumption in 2015, Europe led the market. It was followed by North America and APAC. APAC is expected to achieve high levels of growth due to soaring manufacturing sector and huge investment in this sector. This is chiefly due to the industrialization in developing countries of China and India. South America is also expected to grow at a significant rate because of the investments and growing automotive and oil and gas industries.

Company profiles of the major Super Abrasive manufacturers been discussed in this study. These include 3M, A.S.I. Spa, ASI Diamond Industrial Europe, August Rüggeberg, Diamant Gesellschaft Tesch GMBH, Finzler, Schrock & Kimmel GmbH, G&L Beijer Industri AB, Heger GMBH Excellent Diamond Tools, Imerys Fused Minerals, Indasa, Klingspor, Mirka, Saint Gobain Abrasives, SIA Abrasives Ind AG, Zische Euro-Abrasiv, Schleifwerzeuge GmbH among others.