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Flexible Heater Market by Type (Silicone Rubber, Polyimide, Polyester, Mica), Industry (Electronics & Semiconductor, Medical, Aerospace & Defense, Automotive, Food & Beverages, Oil & Gas), and Geography - Global Forecast to 2023

  • ID: 4750818
  • Report
  • Region: Global
  • 149 pages
  • Markets and Markets
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Flexible Heater Market to Grow at 7.5% CAGR During 2018-2023

FEATURED COMPANIES

  • Bucan
  • Durex Industries
  • Hotset
  • Nel Technologies
  • Rogers Corporation
  • Thermo Heating Elements
  • MORE

Flexible heater market to grow at 7.5% CAGR during 2018–2023

The flexible heater market is expected to grow from USD 945 million in 2018 to USD 1,356 million by 2023, at a CAGR of 7.5% from 2018 to 2023. The factors such as a wide range of applications and rising demand from several industries are driving the growth of the flexible heater market. Additionally, the flexible form factor, technological advancements, the launch of innovative products, and high adoption of flexible heaters in medical applications are also driving the market toward significant growth. However, the high operational cost of flexible heaters is restraining the growth of this market.

Silicone rubber-based flexible heater market to grow at highest CAGR during 2018–2023

Silicone rubber-based flexible heaters are used in semiconductor systems (plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems) and electronics appliances (refrigeration equipment, coffeemaker, and wax maker). The growing demand for such systems is expected to drive the silicone rubber-based flexible heater market toward the highest growth during the forecast period.

Electronics and semiconductor industry to account for major share in market during 2018–2023

Among various industries, the electronics and semiconductor is expected to have the largest market share and exhibit the highest CAGR in the flexible heater market during the forecast period. In this industry, flexible heaters are used in plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems, copy machines, LCD screen preheating, ATM machines, semiconductor test modules, handheld scanners, and various other equipment. These heaters also find applications in electronics such as in refrigeration equipment, coffeemaker, wax-maker, and various other electronic products. The increase in demand for such products is expected to drive the market for flexible heaters used in the electronics and semiconductor industry.

Flexible heater market in APAC to grow at highest CAGR during forecast period

The flexible heater market in APAC is expected to grow at the highest CAGR during the forecast period. The APAC region consists of China, Japan, India, and the rest of APAC countries. The growing demand for flexible heaters in medical equipment, analytical instruments, avionics and defense systems, semiconductor processes, and commercial food equipment is driving the growth of the flexible heater market in APAC. Moreover, electronics, semiconductor, and automotive are the leading industries in APAC, and the medical devices market along with the food equipment market will grow the fastest in the coming years. The economic growth of the region, along with the advantage of lower operating costs in countries such as China and India, is expected to drive the demand for flexible heaters in APAC. In addition, growth in this region is being propelled by manufacturers shifting production toward the region due to the availability of raw materials and labor, and increasing demand.

In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with officials from the key players. The breakup of the profile of primaries has been given below:

  • By Company Type: Tier 1 – 20%, Tier 2 – 35%, and Tier 3 – 45%
  • By Designation: C-Level Executives – 15%, Directors – 45%, and Others – 40%
  • By Region: Americas – 30%, Europe – 40%, APAC – 25%, and RoW – 5%

Companies that provide a range of customized solutions are expected to emerge as the game changers in this market. The key players in the flexible heater market profiled in the report are as follows:
1. NIBE Industrier AB (Sweden)
2. Honeywell International (US)
3. Omega Engineering (US)
4. Watlow Electric Manufacturing (US)
5. Smiths Group plc (UK)
6. Chromalox (US)
7. Rogers Corporation (US)
8. Minco Products (US)
9. Zoppas Industries (Italy)
10. All Flex Flexible Circuits (US)

Research Coverage:
The report covers the flexible heater market segmented on the basis of type, industry, and geography. It also discusses drivers, restraints, opportunities, and challenges pertaining to the market as well as the analysis of the value chain of flexible heaters. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW. It also analyzes competitive developments such as mergers and acquisitions, and product launches carried out by key players to grow in the market.

Reasons to Buy the Report:
This report includes statistics pertaining to the flexible heater market, by type, industry, and geography, along with the market size of each subsegment.
Major drivers, restraints, opportunities, and challenges for the market have been provided in detail in this report.
This report would help stakeholders to understand their competitors better and gain more insights to enhance their company’s position in the market. The competitive landscape section includes competitor ecosystem and recent development strategies adopted by the key players in the market, such as product launches and developments, partnerships, and mergers and acquisitions.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bucan
  • Durex Industries
  • Hotset
  • Nel Technologies
  • Rogers Corporation
  • Thermo Heating Elements
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Major Opportunities in Flexible Heater Market
4.2 Flexible Heater Market, By Type
4.3 Flexible Heater Market, By Industry
4.4 Flexible Heater Market in APAC
4.5 Flexible Heater Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide Range of Applications and Rising Demand From Several Industries
5.2.1.2 Flexible Form Factor, Technological Advancements, and Launch of Innovative Products
5.2.1.3 High Adoption of Flexible Heaters in Medical Applications
5.2.2 Restraints
5.2.2.1 High Operational Cost
5.2.3 Opportunity
5.2.3.1 Increasing Demand From Electronics & Semiconductor Industry
5.2.3.2 New and Emerging Applications of Flexible Heaters
5.2.4 Challenges
5.2.4.1 Use in Extreme/Harsh Environments
5.2.4.2 High Competition From Tier-1 as Well as Smaller Players in Market
5.3 Value Chain Analysis

6 Flexible Heater Market, By Type
6.1 Introduction
6.2 Silicone Rubber-Based
6.2.1 Silicone Rubber-Based Flexible Heaters to Hold Major Share of Market
6.3 Polyimide- Based
6.3.1 Increasing Demand for Automotive Parts, Primarily Battery Warmers, to Drive Polyimide-Based Flexible Heater Market
6.4 Polyester-Based
6.4.1 APAC to Hold Largest Size of Polyester-Based Flexible Heater Market
6.5 Mica-Based
6.5.1 Demand for Mica-Based Flexible Heaters to Surge in Electronics & Semiconductor Industry
6.6 Others
6.6.1 Other Types of Flexible Heaters to Witness Highest CAGR in Market for Medical Industry

7 Flexible Heater Market, By Industry
7.1 Introduction
7.2 Electronics & Semiconductor
7.2.1 Silicone Rubber-Based Flexible Heaters to Hold Major Share of Market for Electronics & Semiconductor Industry
7.3 Medical
7.3.1 Flexible Heater Market for Medical Industry in APAC to Grow at Highest CAGR During Forecast Period
7.4 Aerospace & Defense
7.4.1 North America to Account for Largest Share of Flexible Heater Market for Aerospace & Defense Industry
7.5 Food & Beverages
7.5.1 APAC to Account for Largest Share of Flexible Heater Market for Food & Beverages Industry
7.6 Automotive
7.6.1 Flexible Heater Market for Automotive Industry in India and China to Grow at High CAGR During Forecast Period
7.7 Oil & Gas and Mining
7.7.1 RoW to Hold Significant Share of Flexible Heater Market for Oil & Gas and Mining Industry
7.8 Others
7.8.1 Silicon Rubber-Based Flexible Heaters to Dominate Market for Other Industries During Forecast Period

8 Geographic Analysis
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 US to Witness Rapid Growth in Flexible Heater Market for Medical Industry During Forecast Period
8.2.2 Canada
8.2.2.1 Medical and Other Industries to Be Major Contributors to Flexible Heater Market in Canada
8.2.3 Mexico
8.2.3.1 Electronics and Semiconductor Industry to Witness High CAGR in Mexican Flexible Heater Market
8.3 Europe
8.3.1 Germany
8.3.1.1 Germany Accounted for Largest Share of European Flexible Heater Market
8.3.2 France
8.3.2.1 France to Witness High Demand for Flexible Heaters Mainly From Other Industries
8.3.3 UK
8.3.3.1 Automotive Industry to Witness Rapid Growth in Flexible Heater Market in Uk
8.3.4 Rest of Europe
8.3.4.1 Other Industries to Account for Largest Share of Flexible Heater Market in Rest of Europe
8.4 APAC
8.4.1 China
8.4.1.1 China to Hold Largest Share of Flexible Heater Market in APAC
8.4.2 Japan
8.4.2.1 Flexible Heater Market in Japan for Medical Industry to Grow at Highest CAGR During Forecast Period
8.4.3 India
8.4.3.1 Semiconductor & Electronic Industry to Create Significant Demand for Flexible Heaters in India
8.4.4 Rest of APAC
8.4.4.1 Electronics & Semiconductor to Be the Major Industry in Flexible Heater Market in Rest of APAC
8.5 RoW
8.5.1 South America
8.5.1.1 Flexible Heater Market in South America for Electronics & Semiconductor Industry to Grow at Highest CAGR During Forecast Period
8.5.2 Middle East
8.5.2.1 Oil & Gas and Mining to Be the Major Industry in Flexible Heater Market in Middle East
8.5.3 Africa
8.5.3.1 Flexible Heater Market in Africa to Grow With Mixed Demand From Different Industries During Forecast Period

9 Competitive Landscape
9.1 Overview
9.2 Player Ranking Analysis: Flexible Heater Market
9.3 Competitive Situations and Trends
9.3.1 Product Launches and Developments
9.3.2 Mergers and Acquisitions

10 Company Profile
10.1 Introduction
10.2 Key Players
10.2.1 Nibe Industrier
10.2.2 Honeywell International
10.2.3 Omega Engineering
10.2.4 Watlow Electric Manufacturing
10.2.5 Smiths Group
10.2.6 Chromalox
10.2.7 Rogers Corporation
10.2.8 Minco
10.2.9 Zoppas Industries
10.2.10 All Flex Flexible Circuits
10.3 Other Players
10.3.1 Tempco Electric Heater
10.3.2 Thermocoax
10.3.3 Durex Industries
10.3.4 Holroyd Components
10.3.5 Hotset
10.3.6 Miyo Technology
10.3.7 Thermo Heating Elements
10.3.8 Bucan
10.3.9 Delta/Acra
10.3.10 Nel Technologies

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Subscription Portal
11.3 Available Customization
11.4 Related Reports
11.5 Author Details

List of Tables
Table 1 Flexible Heater Market, By Type, 2015–2023 (USD Million)
Table 2 Silicon Rubber-Based Flexible Heater Market, By Industry, 2015–2023 (USD Million)
Table 3 Silicone Rubber-Based Flexible Heater Market, By Region, 2015–2023 (USD Million)
Table 4 Polyimide-Based Flexible Heater Market, By Industry, 2015–2023 (USD Million)
Table 5 Polyimide-Based Flexible Heater Market, By Region, 2015–2023 (USD Million)
Table 6 Polyester-Based Flexible Heater Market, By Industry, 2015–2023 (USD Million)
Table 7 Polyester-Based Flexible Heater Market, By Region, 2015–2023 (USD Million)
Table 8 Mica-Based Flexible Heater Market, By Industry, 2015–2023 (USD Million)
Table 9 Mica-Based Flexible Heater Market, By Region, 2015–2023 (USD Million)
Table 10 Flexible Heater Market for Other Type, By Industry, 2015–2023 (USD Million)
Table 11 Flexible Heater Market for Other Types, By Region, 2015–2023 (USD Million)
Table 12 Flexible Heater Market, By Industry, 2015–2023 (USD Million)
Table 13 Flexible Heater Market for Electronics and Semiconductor, By Type, 2015–2023 (USD Million)
Table 14 Flexible Heater Market for Electronics and Semiconductor, By Region, 2015-2023 (USD Million)
Table 15 Flexible Heater Market for Electronics and Semiconductor in APAC, By Country, 2015-2023 (USD Million)
Table 16 Flexible Heater Market for Medical, By Type, 2015–2023 (USD Million)
Table 17 Flexible Heater Market for Medical, By Region, 2015–2023 (USD Million)
Table 18 Flexible Heater Market for Medical in APAC, By Country, 2015–2023 (USD Million)
Table 19 Flexible Heater Market for Aerospace & Defense, By Type, 2015–2023 (USD Million)
Table 20 Flexible Heater Market for Aerospace & Defense, By Region, 2015–2023 (USD Million)
Table 21 Flexible Heater Market for Aerospace & Defense in APAC, By Country, 2015-2023 (USD Million)
Table 22 Flexible Heater Market for Food & Beverages, By Type, 2015-2023 (USD Million)
Table 23 Flexible Heater Market for Food & Beverages, By Region, 2015–2023 (USD Million)
Table 24 Flexible Heater Market for Food & Beverages in APAC, By Country, 2015-2023 (USD Million)
Table 25 Flexible Heater Market for Automotive, By Type, 2015-2023 (USD Million)
Table 26 Flexible Heater Market for Automotive, By Region, 2015-2023 (USD Million)
Table 27 Flexible Heater Market for Automotive in APAC, By Country, 2015-2023 (USD Million)
Table 28 Flexible Heater Market for Automotive in Europe, By Country, 2015-2023 (USD Million)
Table 29 Flexible Heater Market for Oil & Gas and Mining, By Type, 2015-2023 (USD Million)
Table 30 Flexible Heater Market for Oil & Gas and Mining, By Region, 2015-2023 (USD Million)
Table 31 Flexible Heater Market for Oil & Gas and Mining in RoW, By Region, 2015-2023 (USD Million)
Table 32 Flexible Heater Market for Other Industries, By Type, 2015–2023 (USD Million)
Table 33 Flexible Heater Market for Other Industries, By Region, 2015-2023 (USD Million)
Table 34 Flexible Heater Market for Other Industries in APAC, By Country, 2015-2023 (USD Million)
Table 35 Flexible Heater Market, By Region, 2015–2023 (USD Million)
Table 36 Flexible Heater Market in North America, By Industry, 2015–2023 (USD Million)
Table 37 Flexible Heater Market in North America, By Type, 2015–2023 (USD Million)
Table 38 Flexible Heater Market in North America, By Country, 2015–2023 (USD Million)
Table 39 Flexible Heater Market in US, By Industry, 2015–2023 (USD Million)
Table 40 Flexible Heater Market in Canada, By Industry, 2015–2023 (USD Million)
Table 41 Flexible Heater Market in Mexico, By Industry, 2015–2023 (USD Million)
Table 42 Flexible Heater Market in Europe, By Industry, 2015–2023 (USD Million)
Table 43 Flexible Heater Market in Europe, By Type, 2015–2023 (USD Million)
Table 44 Flexible Heater Market in Europe, By Country, 2015–2023 (USD Million)
Table 45 Flexible Heater Market in Germany, By Industry, 2015–2023 (USD Million)
Table 46 Flexible Heater Market in France, By Industry, 2015–2023 (USD Million)
Table 47 Flexible Heater Market in UK, By Industry, 2015–2023 (USD Million)
Table 48 Flexible Heater Market in Rest of Europe, By Industry, 2015–2023 (USD Million)
Table 49 Flexible Heater Market in APAC, By Industry, 2015–2023 (USD Million)
Table 50 Flexible Heater Market in APAC, By Type, 2015–2023 (USD Million)
Table 51 Flexible Heater Market in APAC, By Country, 2015–2023 (USD Million)
Table 52 Flexible Heater Market in China, By Industry, 2015–2023 (USD Million)
Table 53 Flexible Heater Market in Japan, By Industry, 2015–2023 (USD Million)
Table 54 Flexible Heater Market in India, By Industry, 2015–2023 (USD Million)
Table 55 Flexible Heater Market in Rest of APAC, By Industry, 2015–2023 (USD Million)
Table 56 Flexible Heater Market in RoW, By Industry, 2015–2023 (USD Million)
Table 57 Flexible Heater Market in RoW, By Type, 2015–2023 (USD Million)
Table 58 Flexible Heater Market in RoW, By Region, 2015–2023 (USD Million)
Table 59 Flexible Heater Market in South America, By Industry, 2015–2023 (USD Million)
Table 60 Flexible Heater Market in Middle East, By Industry, 2015–2023 (USD Million)
Table 61 Flexible Heater Market in Africa, By Industry, 2015–2023 (USD Million)

List of Figures
Figure 1 Market Segmentation
Figure 2 Geographic Segmentation
Figure 3 Flexible Heater Market: Process Flow of Market Size Estimation
Figure 4 Flexible Heater Market: Research Design
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions for Research Study
Figure 9 Flexible Heater Market, 2015–2023 (USD Million)
Figure 10 Silicone Rubber-Based Flexible Heaters to Hold Largest Size of Flexible Heater Market During Forecast Period
Figure 11 Flexible Heater Market for Electronics and Semiconductor to Grow at Highest CAGR Uring Forecast Period
Figure 12 APAC Held Largest Share in Flexible Heater Market in 2017
Figure 13 Flexible Heater Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 14 Silicon Rubber Type Flexible Heaters to Hold Major Size of Market During Forecast Period
Figure 15 Flexible Heater Market for Electronics and Semiconductor to Grow at Highest CAGR During Forecast Period
Figure 16 Flexible Heater Market, By Industry (% Share)
Figure 17 Electronics and Semiconductor Held Largest Share of Flexible Heater Market in APAC in 2017
Figure 18 Flexible Heater Market to Grow at Highest CAGR in China During Forecast Period
Figure 19 Flexible Heater Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Defense Spending Budget, By Country, 2017 (USD Billion)
Figure 21 Private and Commercial Vehicle Production, By Country, 2017 (Million Units)
Figure 22 Value Chain Analysis: Flexible Heater Market
Figure 23 Flexible Heater Market, By Type
Figure 24 Silicone Rubber-Based Flexible Heaters are Expected to Hold Major Share in Flexible Heater Market
Figure 25 Electronics & Semiconductor to Witness Highest CAGR in Silicone Rubber-Based Flexible Heater Market During Forecast Period
Figure 26 Automotive to Register Highest CAGR in Polyimide-Based Flexible Heater Market During Forecast Period
Figure 27 Polyester-Based Flexible Heater Market in APAC to Grow at Highest CAGR
Figure 28 Mica-Based Flexible Heater Market in Electronics & Semiconductor Industry to Grow at Highest CAGR During Forecast Period
Figure 29 Flexible Heater Market, By Industry
Figure 30 Flexible Heater Market for Electronics and Semiconductor to Grow at Highest CAGR During Forecast Period
Figure 31 Silicone Rubber-Based Flexible Heaters to Account for Largest Size in Market for Electronics and Semiconductor During Forecast Period
Figure 32 Polyimide and Mica-Based Flexible Heaters to Witness High CAGR in Flexible Heater Market for Medical During Forecast Period
Figure 33 North America to Dominate Flexible Heater Market for Aerospace & Defense, in Terms of Size, During Forecast Period
Figure 34 APAC to Register Highest CAGR in Flexible Heater Market for Automotive During Forecast Period
Figure 35 APAC to Regsiter Highest CAGR in Flexible Heater Market for Oil & Gas and Mining During Forecast Period
Figure 36 Silicon Rubber-Based Flexible Heaters to Register Highest CAGR in Market for Other Industries During Forecast Period
Figure 37 Flexible Heater Market, By Geography
Figure 38 Geographic Snapshot: Flexible Heater Market
Figure 39 APAC to Register Highest CAGR in Flexible Heater Market During Forecast Period
Figure 40 North America: Flexible Heater Market Snapshot
Figure 41 Medical to Register Highest CAGR in North American Flexible Heater Market During Forecast Period
Figure 42 Europe: Flexible Heater Market Snapshot
Figure 43 Flexible Heater Market in Europe for Automotive to Grow at Highest CAGR During Forecast Period
Figure 44 Flexible Heater Market in Germany to Grow at Highest CAGR During Forecast Period
Figure 45 APAC: Flexible Heater Market Snapshot
Figure 46 Flexible Heater Market in APAC for Electronics & Semiconductor to Grow at Highest CAGR During Forecast Period
Figure 47 China to Hold Largest Size of Flexible Heater Market in APAC During Forecast Period
Figure 48 Flexible Heater Market in RoW for Semiconductor & Electronics to Grow at Highest CAGR During Forecast Period
Figure 49 South America to Register Highest CAGR in Flexible Heater Market in RoW During 2018–2023
Figure 50 Key Developments By Leading Players in Market During 2015–2018
Figure 51 Key Player Market Ranking: Flexible Heater Market, 2017
Figure 52 Nibe Industrier: Company Snapshot
Figure 53 Honeywell International: Company Snapshot
Figure 54 Spectris: Company Snapshot
Figure 55 Smiths Group: Company Snapshot
Figure 56 Spirax-Sarco Engineering: Company Snapshot
Figure 57 Rogers Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • All Flex Flexible Circuits
  • Bucan
  • Chromalox
  • Delta/Acra
  • Durex Industries
  • Holroyd Components
  • Honeywell International
  • Hotset
  • Minco
  • Miyo Technology
  • Nel Technologies
  • Nibe Industrier
  • Omega Engineering
  • Rogers Corporation
  • Smiths Group
  • Tempco Electric Heater
  • Thermo Heating Elements
  • Thermocoax
  • Watlow Electric Manufacturing
  • Zoppas Industries
Note: Product cover images may vary from those shown
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