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The Latin America heat exchanger market was valued at US$ 1.03 Billion in 2021.
We expect the Latin America heat exchanger market to exhibit a CAGR of 5.10% during 2022-2027.
The extensive utilization of heat exchangers in automotive radiators, air conditioning systems, and
sewage treatment equipment, to control harmful emissions and improve energy efficiency, is
currently driving the Latin America heat exchanger market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across Latin America resulting in the temporary closure of numerous
manufacturing units for heat exchanger units.
Based on the type, the Latin America heat exchanger market can be categorized into shell & tube,
plate & frame, air cooled, and others. Among these, shell and tube currently exhibit a clear
dominance in the market.
Based on the material, the Latin America heat exchanger market has been segmented into carbon
steel, stainless steel, nickel, and others. Currently, stainless steel represents the largest market
Based on the end use industry, the Latin America heat exchanger market can be bifurcated into
chemical, petrochemical and oil & gas, HVAC and refrigeration, food & beverage, power generation,
paper & pulp, and others. Among these, the chemical industry currently accounts for the majority of
the total market share.
On a regional level, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile,
Peru, and others, where Brazil currently dominates the market.
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