Global Heat Treatment Salts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Heat Treatment Salts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Heat treatment salt is made of inorganic compounds, such as a mixture of several different salts, to provide the required melting point and working range and chemical characteristics. Heat treatment of salt is provided in powder or solid state, and it is dissolved by heating the heating chamber of salt bath furnace (salt bath) to form molten salt bath. Salt treatment is used for cleaning, descaling, annealing, tempering, quenching, curing, nitriding, carburizing, carbonitriding, surface hardening or coating of parts, and has a wide range of applications.

Market Overview:

The latest research study on the global Heat Treatment Salts market finds that the global Heat Treatment Salts market reached a value of USD 1508.71 million in 2022. It’s expected that the market will achieve USD 2263.88 million by 2028, exhibiting a CAGR of 7.0% during the forecast period.

Russia and Ukraine are the main producers of commodities, and the disturbance of commodity production has led to a sharp rise in global prices, especially oil and gas prices. Since the Russian-Ukrainian war, the prices of energy, grains and metals have risen sharply, which has affected the whole global economy by slowing growth and accelerating inflation.

These influences will be revealed mainly through three channels. First, the rise in commodity prices will further push up inflation, which will devalue income and affect demand. Secondly, the economies adjacent to the two countries will be particularly affected by the disturbance of trade, supply chain, and remittances, and will experience a large-scale influx of refugees. Third, the decline of business confidence and the increase in investor uncertainty will put pressure on asset prices, lead to a tighter financing environment, and may stimulate capital outflow from emerging markets.

If the energy trade changes, the supply chain is reshaped, the payment network is fragmented, and countries reconsider their reserve currencies, then this war may fundamentally change the global economic and geopolitical order. Geopolitical tensions have intensified, which further increases the risk of economic fragmentation, especially in trade and science and technology.

Region Overview:

Wide application range and huge market demand Heat treatment can be used for cleaning, descaling, annealing, tempering, quenching, curing, nitriding, carburizing, carbonitriding, surface hardening or coating of parts. It is widely used in industrial production, and can also be used as heat energy storage, rubber vulcanization, chemical reaction medium, reaction of optical glass, fuel cell, new energy material, etc. The market demand is huge.

Company Overview:

Yara International ASA is a Norwegian chemical company. It produces, distributes, and sells nitrogen-based mineral fertilizers and related industrial products. Its product line also includes phosphate and potash-based mineral fertilizers, as well as complex and specialty mineral fertilizer products.

Segmentation Overview:

By type, Quenching & Tempering Salts segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Metallurgical Production, with a market share of 47.88% in 2021.

Key Companies in the global Heat Treatment Salts market covered in Chapter 3:

Zhejiang Lianda Chemical
SQM International
Jiangxi Kinglita
XiaXian Yunli Chemicals
Sinkiang Nitrate Minerals
Yara International
HEF Durferrit
Nihon Parkerizing Hiroshima Works Co., Ltd.
Weifang Changsheng Nitrate
Hubbard-Hall
Shanxi Knlan Chemical
Pyosa Industrias
PERKER NETSUSHORI KOGYO CO., LTD

In Chapter 4 and Chapter 14.2, on the basis of types, the Heat Treatment Salts market from 2018 to 2029 is primarily split into:

Neutral Salt
Nitrocarburizing Heat Treatment Salts
Quenching & Tempering Salts
Rubber Curing Salts
Solution Heat Treating Salts
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Heat Treatment Salts market from 2018 to 2029 covers:

Thermal Energy Storage
Chemical Industry
Metallurgical Production
Rubber Curing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)