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Heat Treating Market - Global Industry Analysis

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

Published Date: 02-Dec-2021 Category: Heavy Industry Report Format : PDF Pages: 188 Report Code: ZMR-3225 Status : Published

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.

Description

Market Overview

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.

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. Apart from this, heat treatment also raises the ductile strength & durability of construction metals such as steel. Furthermore, there are myriad kinds of heat treating processes which vary based on the heating temperature & rate of cooling based on the need. Heat treatment also helps in annealing of the steel.

Global Heat Treating Market Size

COVID-19 Impact Analysis

The COVID-19 has globally impacted as public health emergency that affected almost every industry all over the world; COVID-19 has had an adverse impact on the construction sector and other sectors driving the growth of treating market. The construction of buildings is impacted since lockdowns were imposed. With time the market is again gaining its potential growth, significant adoption of treated steel in automotive, aerospace, manufacturing, metallurgy, and others, Cast iron as a preferred choice of materials in the industrial manufacturing and High adoption of luxury vehicles in Germany and resulting demand for treated premium steel.

Growth Factors

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.

Heat treatment industry is mainly dominated by the steel metal as it acquired 80% of the market share and single handily dominated the industry. Therefore, heat treatment is more of steel driven. 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 treatment of steel makes it more application specific with improved properties.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Based on the material, the global heat treating market is segmented into cast iron, steel, and others. Steel is emerged as the largest revenue generating segment in 2020 with 80% market share and it is further anticipated to be at dominant position. Heat treated steel segment emerged as the largest revenue generating segment in the global heat treatment market and it is anticipated to be the leading segment in terms of revenue by the end of forecast period. Steel is the dominant material in the civilization and evolution of human history. It is almost used in the majority of end use industries in the structural application and well as to meet components needs in industries like automotive, aerospace, construction, machinery, and others. As per our analysis, close to 80% of all industrial heat treatment processes are performed on steel, however a number of other ferrous and non-ferrous metals are also heated and cooled for similar purposes.

Global Heat Treating Market Share

Equipment Segment Analysis Preview

Based on the Equipment, the global heat treating market is segmented into atmospheric furnaces, applied energy, vacuum energy, and others. Atmospheric furnaces are emerged as the largest revenue generating segment. Atmospheric furnace emerged as the largest revenue generating segment in the global heat-treating market with over 60% of the global market share in 2020, and the similar segment anticipated being at dominant position by the end of the forecast period. This is due to suitability of atmospheric furnace to the variety of material from metallic and ceramic up to 1200°C under controlled flow of argon and nitrogen. On the other hand, one of the main reason atmospheric furnace segment acquired largest market share is requirement of controlled atmosphere in order for the process to be successful.

Regional Analysis Preview

Asia-Pacific accounted for a share of over 50% in 2020. Asia-Pacific heat treatment market is studies across countries like China, India, Japan, Southeast Asia, Korea, and others. Market shares in the global heat treating market and further projected to continue its dominance in the years to come. 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.

Global Heat Treating Market Regional Analysis

Key Market Players & Competitive Landscape

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.

The Heat Treating Market is segmented as follows:

By Material

  • Cast Iron
  • Steel
  • Others

By Equipment

  • Atmosphere Furnaces
  • Applied Energy
  • Vacuum Furnaces
  • Others

By Furnace Type

  • Box
  • Car Bottom
  • Vertical Pit
  • Pusher
  • Salt Bath
  • Induction
  • Others

By Application

  • Automotive
  • Aerospace
  • Metalworking
  • Construction
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter 2 Executive Summary
    • 1.1. Key Findings
      • 2.1.1. Market Snapshot
    • 1.2. Global Heat Treating Market, 2016 – 2026 (USD Million)
  • Chapter 3 COVID 19 Impact Analysis
    • 3.1. Short Term Dynamics
    • 3.2. Long Term Dynamics
  • Chapter 4 Global Heat Treating Market, by Material
    • 4.1. Introduction
      • 4.1.1. Market Size and Forecast (USD Million)
    • 4.2. Cast Iron
    • 4.3. Steel
    • 4.4. Others
  • Chapter 5 Global Heat Treating Market, by Equipment
    • 5.1. Introduction
      • 5.1.1. Market Size and Forecast (USD Million)
    • 5.2. Atmosphere Furnaces
    • 5.3. Applied Energy
    • 5.4. Vacuum Furnaces
    • 5.5. Others
  • Chapter 6 Global Heat Treating Market, by Application
    • 6.1. Introduction
      • 6.1.1. Market Size and Forecast (USD Million)
    • 6.2. Automotive
    • 6.3. Aerospace
    • 6.4. Metalworking
    • 6.5. Construction
    • 6.6. Others
  • Chapter 7 Global Heat Treating Market, by Furnace Type
    • 7.1. Introduction
      • 7.1.1. Market Size and Forecast (USD Million)
    • 7.2. Box
    • 7.3. Car Bottom
    • 7.4. Car Bottom
    • 7.5. Pusher
    • 7.6. Salt Bath
    • 7.7. Induction
    • 7.8. Others
  • Chapter 8 Global Heat Treating Market, by Region
    • 8.1. Introduction
      • 8.1.1. Market Size and Forecast (USD Million)
    • 8.2. North America
      • 8.2.1. Market Share and Forecast by Country
      • 8.2.2. Market Share and Forecast by Material
      • 8.2.3. Market Share and Forecast by Equipment
      • 8.2.4. Market Share and Forecast by Application
      • 8.2.5. Market Share and Forecast by Furnace Type
      • 8.2.1. U.S.
        • 8.2.1.1. Market Share and Forecast
      • 8.2.2. Canada
        • 8.2.2.1. Market Share and Forecast
    • 8.3. Europe
      • 8.3.1. Market Share and Forecast by Country
      • 8.3.2. Market Share and Forecast by Material
      • 8.3.3. Market Share and Forecast by Equipment
      • 8.3.4. Market Share and Forecast by Application
      • 8.3.5. Market Share and Forecast by Furnace Type
      • 8.3.6. Germany
        • 8.3.6.1. Market Share and Forecast
      • 8.3.7. France
        • 8.3.7.1. Market Share and Forecast
      • 8.3.8. UK
        • 8.3.8.1. Market Share and Forecast
      • 8.3.9. Italy
        • 8.3.9.1. Market Share and Forecast
      • 8.3.10. Spain
        • 8.3.10.1. Market Share and Forecast
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Market Share and Forecast
    • 8.4. Asia Pacific
      • 8.4.1. Market Share and Forecast by Country
      • 8.4.2. Market Share and Forecast by Material
      • 8.4.3. Market Share and Forecast by Equipment
      • 8.4.4. Market Share and Forecast by Application
      • 8.4.5. Market Share and Forecast by Furnace Type
      • 8.4.6. China
        • 8.4.6.1. Market Share and Forecast
      • 8.4.7. India
        • 8.4.7.1. Market Share and Forecast
      • 8.4.8. Japan
        • 8.4.8.1. Market Share and Forecast
      • 8.4.9. Southeast Asia
        • 8.4.9.1. Market Share and Forecast
      • 8.4.10. Korea
        • 8.4.10.1. Market Share and Forecast
      • 8.4.11. Rest of Asia Pacific
        • 8.4.11.1. Market Share and Forecast
    • 8.5. Latin America
      • 8.5.1. Market Share and Forecast by Country
      • 8.5.2. Market Share and Forecast by Material
      • 8.5.3. Market Share and Forecast by Equipment
      • 8.5.4. Market Share and Forecast by Application
      • 8.5.5. Market Share and Forecast by Furnace Type
      • 8.5.6. Brazil
        • 8.5.6.1. Market Share and Forecast
      • 8.5.7. Mexico
        • 8.5.7.1. Market Share and Forecast
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Market Share and Forecast
    • 8.6. MEA
      • 8.6.1. Market Share and Forecast by Country
      • 8.6.2. Market Share and Forecast by Material
      • 8.6.3. Market Share and Forecast by Equipment
      • 8.6.4. Market Share and Forecast by Application
      • 8.6.5. Market Share and Forecast by Furnace Type
      • 8.6.6. GCC Countries
        • 8.6.6.1. Market Share and Forecast
      • 8.6.7. South Africa
        • 8.6.7.1. Market Share and Forecast
      • 8.6.8. Rest of MEA
        • 8.6.8.1. Market Share and Forecast
  • Chapter 9 Company Profiles
    • 9.1. Sular Atmosphere Inc.
      • 9.1.1. Company Overview
      • 9.1.2. Product/Service Portfulio
      • 9.1.3. Sular Atmosphere Inc. Sales, Revenue
      • 9.1.4. Sular Atmosphere Inc. Revenue and Growth Rate
    • 9.2. Bohler Uddehulm
      • 9.2.1. Company Overview
      • 9.2.2. Product/Service Portfulio
      • 9.2.3. Bohler Uddehulm Sales, Revenue
      • 9.2.4. Bohler Uddehulm Revenue and Growth Rate
    • 9.3. Bodycote Heat Treatments Ltd.
      • 9.3.1. Company Overview
      • 9.3.2. Product/Service Portfulio
      • 9.3.3. Bodycote Heat Treatments Ltd. Sales, Revenue
      • 9.3.4. Bodycote Heat Treatments Ltd. Revenue and Growth Rate
    • 9.4. Bluewater Thermal Sulutions
      • 9.4.1. Company Overview
      • 9.4.2. Product/Service Portfulio
      • 9.4.3. Bluewater Thermal Sulutions Sales, Revenue
      • 9.4.4. Bluewater Thermal Sulutions Revenue and Growth Rate
    • 9.5. American Metal Treating Inc.
      • 9.5.1. Company Overview
      • 9.5.2. Product/Service Portfulio
      • 9.5.3. American Metal Treating Inc. Sales, Revenue
      • 9.5.4. American Metal Treating Inc. Revenue and Growth Rate
    • 9.6. Ajax Tocco International Ltd.
      • 9.6.1. Company Overview
      • 9.6.2. Product/Service Portfulio
      • 9.6.3. Ajax Tocco International Ltd Sales, Revenue
      • 9.6.4. Ajax Tocco International Ltd Revenue and Growth Rate
  • Chapter 10 Industry Analysis
    • 10.1. Key Trends
      • 10.1.1. Market Drivers
      • 10.1.2. Market Restraints
      • 10.1.3. Opportunity
    • 10.2. Porter’s Five Forces Analysis
      • 10.2.1. Bargaining Power of Suppliers
      • 10.2.2. Bargaining Power of Buyers
      • 10.2.3. Threat of Substitute
      • 10.2.4. Threat of New Entrants
      • 10.2.5. Competitive Rivalry

List of Tables

Table 1    Global Heat Treating Market, by Material, 2016-2028, (USD Million)
Table 2    North America Market, by Equipment, 2016-2028, (USD Million)
Table 3    North America Market, by Application, 2016-2028, (USD Million)
Table 4    North America Market, by Furnace Type, 2016-2028, (USD Million)
Table 5    Global Heat Treating Market, by Region, 2016-2028, (USD Million)
Table 6    North America Heat Treating Market, by Region, 2016-2028, (USD Million)
Table 7    North America Heat Treating Market, by Material, 2016-2028, (USD Million)
Table 8    North America Heat Treating Market, by Equipment, 2016-2028, (USD Million)
Table 9    North America Heat Treating Market, by Application, 2016-2028, (USD Million)
Table 10 North America Heat Treating Market, by Furnace Type, 2016-2028, (USD Million)
Table 11 Europe Heat Treating Market, by Country, 2016-2028, (USD Million)
Table 12 Europe Heat Treating Market, by Material, 2016-2028, (USD Million)
Table 13 Europe Heat Treating Market, by Equipment, 2016-2028, (USD Million)
Table 14 Europe Heat Treating Market, by Application, 2016-2028, (USD Million)
Table 15 Europe Heat Treating Market, by Furnace Type, 2016-2028, (USD Million)
Table 16 MEA Heat Treating Market, by Country, 2016-2028, (USD Million)
Table 17 Asia Pacific Heat Treating Market, by Material, 2016-2028, (USD Million)
Table 18 Asia Pacific Heat Treating Market, by Equipment, 2016-2028, (USD Million)
Table 19 Asia Pacific Heat Treating Market, by Application, 2016-2028, (USD Million)
Table 20 Asia Pacific Heat Treating Market, by Furnace Type, 2016-2028, (USD Million)
Table 21 MEA Heat Treating Market, by Country, 2016-2028, (USD Million)
Table 22 Latin America Heat Treating Market, by Material, 2016-2028, (USD Million)
Table 23 Latin America Heat Treating Market, by Equipment, 2016-2028, (USD Million)
Table 24 Latin America Heat Treating Market, by Application, 2016-2028, (USD Million)
Table 25 Latin America Heat Treating Market, by Furnace Type, 2016-2028, (USD Million)
Table 26 MEA Heat Treating Market, by Country, 2016-2028, (USD Million)
Table 27 MEA Heat Treating Market, by Material, 2016-2028, (USD Million)
Table 28 MEA Heat Treating Market, by Equipment, 2016-2028, (USD Million)
Table 29 MEA Heat Treating Market, by Application, 2016-2028, (USD Million)
Table 30 MEA Heat Treating Market, by Furnace Type, 2016-2028, (USD Million)
Table 31 Market Drivers – Impact Analysis
Table 32 Market Restraints    
 

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FrequentlyAsked Questions

the Heat Treating Market was valued at USD 88,543 Million in 2020.

the Heat Treating Market is expected to reach USD 125,917 Million by 2028, growing at a CAGR of 4.5% between 2021 to 2028.

some of the key factors driving the Heat Treating Market growth are Massive demand for the product in automotive, aviation, construction, and manufacturing sectors and Heat treatment makes metals more application specific

Asia pacific held a substantial share of the Heat Treating Market in 2020.

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.

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