The flexible heater global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Flexible Heater Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The flexible heater market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to miniaturization trends, automotive industry growth, energy efficiency requirements, consumer electronics evolution, food and beverage processing.
The flexible heater market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to advanced materials development, e-commerce and packaging industry, flexible electronics growth, environmental monitoring solutions, expansion of the aerospace sector. Major trends in the forecast period include wearable technology, consumer electronics, consumer electronics, advancements in material science, smart heating solutions, innovations in printing technologies.
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Scope Of Flexible Heater Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Flexible Heater Market Overview
Market Drivers –
The increase in demand for processed food is expected to propel the growth of the flexible paper packaging market going forward. Processed food refers to a food product that has undergone a number of mechanical or chemical processes in order to alter or preserve it. Processed foods frequently come in boxes or bags and have multiple ingredients listed. To preserve processed food products that are in high demand, flexible paper packaging is used to enclose them and protect them from tampering or contamination from physical, chemical, and biological sources. For instance, according to an article shared by Nutra Ingredients-Asia, a UK-based online news service, in 2022, a government poll in South Korea of 2193 Koreans found that sales of processed foods have increased significantly in the last year, both in terms of volume and frequency of purchases. With 23.7% of all families purchasing processed food two to three times per week compared to 20.6% in 2020, which is a 3.1% rise, it was discovered that many homes have changed to purchasing it more frequently than they did in 2020. Therefore, an increase in demand for processed food is driving the growth of the flexible paper packaging market.
Market Trends –
Product innovations are a key trend gaining popularity in the flexible paper packaging market. Major companies operating in the flexible paper packaging market are focused on launching new products with innovative technologies to sustain their position in the market. For instance, in April 2022, Xeikon, a Belgium-based designer and developer of web-fed digital color presses for labels and packaging applications, and document printing, launched a new toner formulation called TITON technology that offers all the advantages of UV inks without any of the drawbacks. To fully support brand owners, designers, and printers who want to extend their use of paper-based packaging for food goods, Xeikon is giving a sustainable solution for an unknown and greater variety of applications with the new TITON technology. The foundation of TITON is the Xeikon dry toner technology, which is the most food-safe technology available today despite simply having paper as the primary functional barrier because it doesn’t contain any liquid (mobile) components. Without any protective coatings like varnishing or lamination, TITON toner also impresses with its remarkable resistance to scuffing and scratches, water, sunshine, temperature, and a wide range of liquid chemicals.
The flexible heater market covered in this report is segmented –
1) By Type: Silicone Rubber-Based, Polyimide-Based, Polyester-Based, Mica-Based, Other Types
2) By Distribution Channel: Retail, Supermarket, Online, Offline, Other Distribution Channels
3) By Industry: Electronics and Semiconductor, Medical, Aerospace and Defense, Food and Beverages, Automotive, Oil and Gas, Mining, Other Industries
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Regional Insights –
North America was the largest region in the flexible paper packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible heater market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the flexible heater market report are Honeywell International Inc., Nibe Industrier AB, OMEGA Engineering Inc., Watlow Electric Manufacturing Company, Smiths Group plc, All Flex Flexible Circuits LLC, Chromalox Inc., Zoppas Industries S.P.A., Rogers Corporation, Minco Products Inc., Birk Manufacturing Inc., Bucan Electric Heating Devices Inc., Durex Industries Corp., Holroyd Components Ltd., Sinoma International Engineering Co.Ltd., Tempco Electric Heater Corporation, Thermo Heating Elements LLC, Rama Corporation, Heatron Inc., Backer Marathon Inc., Space-Ray Inc., Tutco-Farnam Custom Products, Backer Hotwatt Inc., Delta-Therm Corporation, Thermal Circuits Inc., BriskHeat Corporation, Hotset America Corp., Hi-Heat Industries Inc., Kapton Heaters Inc., Flexelec Ltd., Calorique LLC, Hillesheim GmbH, Elmatic (Cardiff) Ltd., Kuhlmann Electro-Heat A/S, Zhejiang Zhongmin Electrical Appliance Co. Ltd.
1. Executive Summary
2. Flexible Heater Market Report Structure
3. Flexible Heater Market Trends And Strategies
4. Flexible Heater Market – Macro Economic Scenario
5. Flexible Heater Market Size And Growth
…..
27. Flexible Heater Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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