India Heat Treating Market Size, Share & Trends Analysis Report By Material (Steel, Cast Iron), By Process, By Equipment (Electrically Heated Furnace, Fuel-Fired Furnace), By Application, By Region, And Segment Forecasts, 2024 - 2030

India Heat Treating Market Size, Share & Trends Analysis Report By Material (Steel, Cast Iron), By Process, By Equipment (Electrically Heated Furnace, Fuel-Fired Furnace), By Application, By Region, And Segment Forecasts, 2024 - 2030

India Heat Treating Market Growth & Trends

The India heat treating market is expected to reach USD 6.79 billion by 2030 at a 5.4% CAGR, according to a report by Grand View Research, Inc. The entry of various automotive manufacturers in the country has fueled the demand for heat treating services over the past few years.

Heat treating involves controlled heating and cooling of materials to attain distinct mechanical properties such as strength, flexibility, and hardness. Steel is the most commonly used material for heat-treating in India, along with cast iron, aluminum, copper, brass, and other metals.

The use of high-strength steel in the automotive industry has increased at an exponential rate, owing to the requirements of light-weight vehicles with improved fuel efficiency. The rapid growth of the Indian automotive sector has propelled the demand for heat treating. Heat-treated components are used in numerous auto-parts, such as transmission, suspension, engine, body frame, and braking systems.

Players in the heat treating market in India are focusing on the implementation of green technologies and processes to reduce environmental footprint. Companies are focused on increasing the use of natural gas-fired and electrically-heated furnaces. The use of induction heating and plasma heating is estimated to rise at a rapid pace over the next few years.

India Heat Treating Market Report Highlights

• The India heat treating market was valued at USD 4.7 billion in 2023 and is expected to expand at a CAGR of 5.4% from 2024 to 2030
• Cast iron is expected to grow at a CAGR of 4.9% over the forecast years owing to its high compressive strength, wear resistance, and good machinability
• Case hardening led the market with the largest revenue share of 27.9% in 2023. Its objectives are to harden the surface and subsurface selectively to obtain a challenging and wear-resistant surface and rigid impact-resistant core
• The automotive application segment dominated the market with a share of 50.5% in 2023. The industry's goal of improving the sector's better utilization of components and the need for high-strength steel has witnessed profitable growth due to the demands for high-quality

Please note The report will be delivered in 2-3 business days upon order notification.