Global Heat Treating Market Estimated To Record CAGR Of Approximately 3.9% During 2020–2026 - ZMR

Global Heat Treating market is set to register the CAGR of nearly 3.9% over the period from 2020 to 2026.

As per analysts at Zion Market Research, the global heat treating market is anticipated to grow with a CAGR of above 3.9% during the forecasted period 2020–2026. The rising heat treating use in construction, aerospace, machining, automotive, and electrical & electronics industries is likely to play the major market driver in the future. Heat treatment is a method utilized to alter characteristics of metals & alloys by the heating and cooling course. The method is utilized to get the desired product apt for some particular application. Additionally, the heating treatment also surges the tensile strength and toughness of steel or metal for the building application.

Some of the key players in the market are Bohler Uddeholm; Bluewater Thermal Solutions; Solar Atmosphere Inc.; American Metal Treating Inc.; Bodycote Heat Treatments Ltd.; and Ajax Tocco International Ltd.

Increasing Presence Of Automotive Manufacturers To Boost The Global Heat Treating Market

The automotive industry has a major role in driving the heat treating services across budding economies like India, Brazil, Mexico, Indonesia, and China. The automotive producers have been boosting the demand for heat-treating in the last few years. The amplifying presence of major automotive players in the above-mentioned countries has contributed to the development of the heat treatment market. Various components & parts of automobiles go through heavy stress and therefore need high durability. A proficient heat treating can offer strength and advance mechanical performance. The metal heat treatment industry is extremely energy-intensive, due to which industry participants experience several constraints. The use of highly energy-incompetent equipment has a risk to the environment and affects operational efficiency.

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The global heat treating market is bifurcated on the basis of material, process, equipment, application, and regional analysis. Based on the material, the market is divided into steel, cast iron, and others. Based on the process, the market is divided into case hardening, normalizing, hardening & tempering, annealing, and others. Based on the equipment, the market is divided into electrically heated furnace, fuel-fired furnace, and others. Based on the application, the market is divided into metalworking, automotive, aerospace, construction, machine, and others.

The Asia Pacific Region Projected To Dominate The Global Heat Treating Market

Based on geographical analysis, the global heat treating market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region ruled the metal heat treating market in relation to revenue. These services across the region are mainly driven by rapidly augmenting aerospace, automotive, and construction industries in key budding economies like China, India, and Indonesia.

The global heat treating market is segmented as follows:

By material:

Steel
Cast Iron
Others

By process:

Annealing
Hardening & tempering
Case hardening
Normalizing
Others

By equipment:

Electrically heated furnace
Fuel-fired furnace
Others

By application:

Machine
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

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