Heat Treating Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-3225 | Report Format : | Status : Upcoming |

Abstract

Global Heat Treating Market: Overview

Metal Heat treating is a technique used to change the physical, and in some cases synthetic, properties of a material. Most metal parts require heat treatment to change their physical and metallurgical properties keeping in mind the end goal to meet the designed engineering properties. Steel and copper are the most used metals for heat treatment processes. Different metals usually utilized incorporate aluminum, iron, and nickel. Heat treating process is mainly used in the automotive and aerospace industry. Heat treatment process provides strength and enhances the performance of mechanical parts. The combination of the heat treatment process in automobile production lines is distinguished as one of the essential development factors for this market.

Global Heat Treating Market: Growth Factors

The rising automobile industry and aerospace industry contributes the demand for commercial vehicles and aviation equipment hence the demand for heat treating process increases. Furthermore, increasing the use of heat treating in construction industry estimates the overall heat treatment market growth. The combination of heat treatment forms production lines and its resultant advantages will prompt more interest for heat treatment advances and lift the market development. The improvement of economic and quality items that are focused on the global market has constrained automobile manufacturers to progressively adapt automation in manufacturing plant processes. This thus has prompted coordination of metal heat treatment process in their production lines as a major aspect of their operational systems; this increases the demand for global heat treating market. The utilization of lightweight materials in the production of automobiles is one of the most recent trends that will increase the growth of this market.

Global Heat Treating Market: Segmentation

The global heat treating market can be segmented into the material, process, equipment, application, and region. On the basis of material the global heat treating market can be categorized into steel, copper, aluminum, iron, and nickel. On the basis of the process, the global heat treating market can be categorized into hardening & tempering, case hardening, annealing, normalizing and others. On the basis of equipment, the global heat treating market can be categorized into the fuel-fired furnace, electrically heated furnace and others. On the basis of application, the global heat treating market can be categorized into automotive, aerospace, metalworking, machine, construction, and others. On the basis of the region, the global heat treating market can be categorized into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

Global Heat Treating Market: Regional Analysis

The Asia Pacific is the major revenue contributor in global heat treating market. The expanding utilization of metal heat treatment forms in automobile, manufacturing, and mechanical divisions and the rising interests in these segments will drive the growth of the global heat treating market in the Asia Pacific. The nations in the locale that contribute altogether to the growth of the heat treating market incorporate Japan, China, Australia, India, South Korea, Taiwan, and Singapore. The aviation application in the region is relied upon to witness the highest growth during the following couple of years because of a boom in the manufacturing of aircraft parts and frameworks in rising economies of India and China. The North America region is driven by service demand growth in the United States. The U.S. automobile and aviation industry are the major drivers for the growth of heat treating market.

Global Heat Treating Market: Competitive Players

The major players in the global heat treating market are Bluewater Thermal Solutions, Bohler Uddeholm, American Metal Treating Inc., Solar Atmosphere Inc., Ajax Tocco International Ltd., Bodycote Heat Treatments Ltd., General Metal, Keith, Thermax, American Metal Treating, East-Lind Heat Treat, Engineered Heat Treat, Houston Heat Treat, Pacific Metallurgical, Paulo, Thermtech, and Tri-J Heat Treating.

Global Heat Treating Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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