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Covina, United States: Global Heat Treating Market, By Material (Ferrous Metal (Steel, Iron, Alloys, and Stainless Steel) and Non-Ferrous Metal (Aluminum, Copper, Brass, and Titanium)), By Equipment (Fuel-Fired Furnace, Electrically Heated Furnace, Quench Or Cooling Equipment, Material Handling System, and Others (Testing, Quality Control, and Metal Cleaning Equipment)), By Process (Hardening, Tempering, Annealing, Normalizing, and Others (Carburizing, Carbonitriding, Quenching, and Stress Relieving)), By Application (Automotive and Machinery, Metalworking and Construction, Aerospace and Defence, Forging and Foundry, Powder Metal Industries, and Others (Food and Beverages, Oil and Gas, and Transportation)), and Region – Global Forecast to 2029
The following heat treatment techniques are frequently used to enhance the microstructure of these automobile parts: annealing, isothermal annealing, normalising, spheroidizing, quenching, tempering, austempering, and case hardening. The demand for heat treating to produce desired qualities in automotive components was driven by the growing demands for lightweight and fuel-efficient cars. Over the projection period, the market is anticipated to rise at a faster rate due to the electric vehicle industry’s rapid expansion as well as the rising demand for metallurgical modifications to fit particular applications.
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Key Segmentation of the Heat Treating market:
The global heat treating market accounted for US$ 103.0 billion in 2020 and is projected to register a CAGR of 3.7% over the forecast period. The market report has been segmented on the basis of material, equipment, process, application, and region.
The Heat Treating Market Report mentions the following promising regions:
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The prominent player operating in the global Heat Treating market includes Bluewater Thermal Solutions LLC, Bodycote Heat Treatments Ltd, Summitglow Ltd, Ajax TOCCO International Ltd, Metcor Inc, Ovako Group AB, AGRISOVGAZ LLC, ESI Group SA, Engineered Heat Treat Inc, and Tri-City Heat Treat Co.
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