Heat Treating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Heat Treating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global heat treating market size reached US$ 100.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 127.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.96% during 2022-2028.

Heat treating refers to the process of heating and cooling both ferrous as well as non-ferrous metals at various staged levels. It assists in obtaining the desired set of physical and mechanical properties. At present, several methods to improve the outcomes and cost-efficiency of heat treating have been developed, which are utilized depending on the metal type. For instance, superalloys employed in the aircraft industry undergo various heat-treating processes to optimize metal properties, including magnetism, hardness, toughness, ductility, brittleness, and electrical and corrosion resistance.

Heat Treating Market Trends:
The rising volume of air traffic on account of the expanding international trade, the increasing business travel, and the thriving tourism sector represents one of the key factors stimulating the market growth. Moreover, the boosting sales of vehicles worldwide are propelling the demand for heat treating to enhance the effective utilization of different components in the automotive industries while satisfying customer needs and environmental norms. Apart from this, as it assists in improving the machinability and surface properties and increasing strength, hardness, and wear resistance of metals, the heat-treating process is used to increase the thermomechanical behavior of Nickel-Titanium (Ni-Ti) based alloys. These alloys find extensive applications in the biomedical sector to produce coils and treat cerebral aneurysms, which are localized dilations of the intracranial arteries. Furthermore, the leading market players are introducing a reliable, low-cost smart system for automating the heat-treating process. It includes a control unit, algorithm, sensor, and drive circuit that helps reduce time and human intervention and error. This is anticipated to impact the application of heat treating in the construction and oil and gas industries around the world.


Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global heat treating market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, process, equipment and application.

Breakup by Material:

Steel
Cast Iron
Others

Breakup by Process:

Hardening and Tempering
Case Hardening
Annealing
Normalizing
Others

Breakup by Equipment:

Fuel-Fired Furnace
Electrically Heated Furnace
Others

Breakup by Application:

Automotive
Aerospace
Metalworking
Construction
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ajax TOCCO International Ltd, American Metal Treating Inc, Bluewater Thermal Solutions, Bodycote plc, East-Lind Heat Treat Inc., General Metal Heat Treating, Nabertherm GmbH, Pacific Metallurgical Inc, Seco/Warwick Inc., Thermax Limited and Unitherm Engineers Limited.

Key Questions Answered in This Report
1. How big is the global heat treating market?
2. What is the expected growth rate of the global heat treating market during 2023-2028?
3. What are the key factors driving the global heat treating market?
4. What has been the impact of COVID-19 on the global heat treating market?
5. What is the breakup of the global heat treating market based on the material?
6. What is the breakup of the global heat treating market based on the process?
7. What is the breakup of the global heat treating market based on the equipment?
8. What is the breakup of the global heat treating market based on the application?
9. What are the key regions in the global heat treating market?
10. Who are the key players/companies in the global heat treating market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Heat Treating Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material
6.1 Steel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cast Iron
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Process
7.1 Hardening and Tempering
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Case Hardening
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Annealing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Normalizing
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Equipment
8.1 Fuel-Fired Furnace
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrically Heated Furnace
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aerospace
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Metalworking
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Construction
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Ajax TOCCO International Ltd
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 American Metal Treating Inc
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bluewater Thermal Solutions
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Bodycote plc
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 East-Lind Heat Treat Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 General Metal Heat Treating
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Nabertherm GmbH
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Pacific Metallurgical Inc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Seco/Warwick Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Thermax Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Unitherm Engineers Limited
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings