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Fin Tube Market Is Likely To Register Double Digit CAGR During 2021 To 2031

Fin Tube Market Forecast and CAGR

According to the latest research by Fact.MR, the fin tube market is set to witness elevated growth during 2021-2031. Rising demand for efficient heat transfer across the industries such as food & beverage, chemical, and pharmaceutical has paved a way for the strong business growth of fin tubes. This business is anticipated to grow at 5%CAGR over short-term i.e. 2021-2024 and 4.2% CAGR over the medium-run forecast period.

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Fin Tube Market Overview.

Fin tubes are supporting ailments of condensers, heat exchangers, coolers, and furnaces for efficient cooling, and enhanced thermal efficiency is observed overutilization of these fins. Power generation and chemical industry are the two main industries which cater more than three-fourths of the product demand.

Moreover, their utilization could also be observed where there are high-temperature operations that enhance the requirement for heat transfer equipment. This is set to bolster the demand for the product.

Moreover, the debottlenecking process in the industry is extensively used to revamp the existing plant by either retrofitting the parts or modifying the existing equipment for enhanced production of goods. Debottlenecking not only enhances productivity but also reduces heat transfer/heat losses in the industry. This also tends to pave way for these heat exchange equipment in the chemical and pharmaceutical industries.

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Development of Innovative Fin Tubes

On the bases of three dimensional numerical model, manufacturers are developing an innovative plain fin & elliptical tube heat exchanger along with advanced tube banks categories like a slotted annular and slotted elliptical tube-bank.

Furthermore, these heat exchangers contains elliptical cross sectioned tubes which has integrated tapered slots oriented in span wise and stream wise orientation. These tubes have 15% more heat transfer rate than conventionally available tubes. These innovative fins are anticipated to observe higher sales growth from chemical, power and pharmaceutical industry.

Moreover, developed groovy fins are able to exchange heat with 8% to 15% as compared to conventional groovy fins with same energy consumption. Developed groovy fins patented design helps the air flow around the tubes which enhances heat exchange surface area. These factors not only enhance the investment in heat exchange auxiliary equipment but also tends to bolster the overall market value

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Key Segments

  • By Type
    • High Finned Tube
      • Extruded Fin Tube
      • KL Fin Tube
      • G Type / Embedded Fin Tube
      • Wrap Around Fin Tube
        • L Type Fin Tube
        • LL Type Fin Tube
        • KL Type Fin Tube
      • Low Finned Tube
      • Integral Fin Tube
      • Others
  • By Application
    • Condensers
    • Heat Exchangers
    • Coolers
    • Furnaces
  • By Material
    • Metal
      • Aluminum
      • Copper
      • Carbon
      • Others
    • Alloy
      • Stainless Steel
      • Copper Zinc
      • Copper Nickel
      • Others
  • By End-use industry
    • Oil and Gas
    • Power Generation
    • Marine
    • Chemical Industry
    • Others
  • By Region
    • North America
      • US & Canada
    • Latin America
      • Brazil, Mexico, Argentina & Rest of Latin America
    • Europe
      • Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
    • East Asia
      • China, Japan, South Korea
    • South Asia
      • India, Thailand, Malaysia, Indonesia and Rest of South Asia
    • Oceania
      • Australia and New Zealand
    • Middle East and Africa
      • GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

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