Bharat Book Bureau Provides the Trending Market Research Report on “Heat Treating Market, By Material (Steel and Cast Iron), By Process (Hardening & Tempering, Case Hardening, Annealing, and Normalizing), By Equipment (Fuel-Fired and Electrically-Heated Furnace), By Application and Geography (North America, Europe, Asia Pacific, and RoW) - Analysis, Share, Trends, Size, & Forecast From 2014-2025 ”under Chemical and Materials Category. The report offers a collection ofsuperior market research, market analysis, competitive intelligence and Market reports.
REPORT HIGHLIGHT
The Heat Treating Market was valued at USD 93.4 billion by 2017, growing with 3.7% CAGR during the forecast period, 2018-2025
Market Dynamics
Heat treating can be described as the process of heating metals and cooling it under tight controls for improving its durability, performance, and bringing changes in its physical properties. The market size of the global heat-treating industry is expected to increase due to the Surge in the penetration of heat treating applications in electronics, machining, construction, automotive, and aerospace industry will turn out to be a potential driver of the market over the next eight years.
The two significant application segments of heat-treating are aerospace and automotive. The aerospace segment is experiencing extensive demand for heat treating service due to a steady surge in the volume of air passenger traffic, high aviation demand, and increasing demand for commercial vehicles. In emerging economies like Brazil, India, China, Mexico and Indonesia, the automotive industry is playing an important role in market development. Over the past few years, the demand for heat treating have been significantly leveraged by automotive manufacturers. The dominating presence of major automotive manufacturers in the aforementioned countries have been contributing in the industry growth. The structural components and parts of an automobile are subjected to heavy stress necessitating high durability. Efficient heat treating can improve mechanical performance and provide strength.
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The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY MATERIAL
Steel
Cast Iron
Others
MARKET, BY PROCESS
Hardening & Tempering
Case Hardening
Annealing
Normalizing
Others
MARKET, BY EQUIPMENT
Fuel-Fired Furnace
Electrically-Heated Furnace
Others
MARKET, BY APPLICATION
Automotive
Aerospace
Metalworking
Others
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
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