02-Dec-2021 | Zion Market Research
Some of key players in Heat Treating Market are Bohler Uddeholm, Bluewater Thermal Solutions, American Metal Treating Inc., Ajax Tocco International Ltd., Solar Atmosphere Inc, and Bodycote Heat Treatments Ltd., are some of the major players among others.
According to analysts at Zion Market Research, the global Heat Treating Market accounted for The Heat Treating Market accounted for USD 88,543 Million in 2020 and is expected to reach more than USD 125,917 Million by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “
Global Heat Treating Market By Material (Cast Iron, Steel and Others), By Equipment (Atmosphere Furnaces, Applied Energy, Vacuum Furnaces and Others), By Furnace Type (Box, Car Bottom, Vertical Pit, Pusher, Salt Bath, Induction and Others) By Application (Automotive, Aerospace, Metalworking, Construction and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”
Massive demand for the product in automotive, aviation, construction, and manufacturing sectors in Heat Treating Market to Spur Growth
Heat treatment is a method that is utilized for altering features of alloys & metals through cooling & heating processes. The heat treating method is utilized for achieving required product fit for a particular application. Heat treating makes material more application specific based on the end use in various industries. Automotive and aerospace are two crucial application segments for heat treating services. Alloys and other high performing metals are significantly adopted in these industries to produces vehicles. Therefore, Growing demand for heat treating services in aerospace can be attributed to rapidly increasing demand for commercial vehicles due to high aviation demand and rising air passenger traffic.
Growing automotive, aerospace, and construction industries in the Region Support Asia Pacific Dominance
Asia Pacific dominated the metal heat treating market in terms of revenue. These services in the region are largely driven by rapidly growing automotive, aerospace, and construction industries across key emerging economies such as India, China, and Indonesia. The rising demand for commercial and heavy-duty vehicles anticipated to boost the market share in the countries like China, India, and Japan.
Browse the full “Global Heat Treating Market By Material (Cast Iron, Steel and Others), By Equipment (Atmosphere Furnaces, Applied Energy, Vacuum Furnaces and Others), By Furnace Type (Box, Car Bottom, Vertical Pit, Pusher, Salt Bath, Induction and Others) By Application (Automotive, Aerospace, Metalworking, Construction and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/heat-treating-market
The global Heat Treating Market is segmented as follows:
By Furnace Type
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