Heat Treating Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Spain, Netherlands, China, Japan, India, Korea, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI4995

Summary Methodology

Heat Treating Market size is anticipated to witness healthy growth during 2021 to 2027 owing to rising heat treating applications in automotive, aerospace, energy, construction, and electronics industries. The rising demand for heat-treating services in aerospace and automotive sectors is propelling the market dynamics. Moreover, the upsurge in the demand for commercial vehicles is influencing the market share. In developing countries, rapid industrialization facilitates construction activities, further driving the industry growth.

In metal cutting and machinery industries, steel is used as a primary component, which is expected to spur the market demand in near future. Metal surface hardening or case hardening is estimated to see significant growth on account of the rising market of power shovels, nozzles, and surgical instruments, boosting the demand for heat-treating applications. The incorporation of in-line heat treatment application supports the heat treating market revenue due to efficient-energy conservation, which provides strength and effective mechanical performance.

Developed countries are looking for cost-effective and advanced technologies to reduce the impact of environmental threats propelled by the high energy requirements for the heat treatment industry. European countries are following regulatory standards for the heat treatment of ultra high-strength steel. The developing countries such as India, Brazil, Argentina, Indonesia, Mexico, and China, are primarily engaged in heat treating applications through small and medium scale industries with outdated technology, which will affect the operational efficiency in near future.

Based on process, the hardening segment has showcased prominent growth in the past few years and is poised to expand during 2021 to 2027 impelled by increase use of surface hardening for automotive, rail, and aerospace industries. Improved methods of hardening process are offering better chemical and mechanical properties in comparison with the conventional hardening process.

Based on materials, the heat treating market is segmented into steel, cast iron, and others. Steel held the largest market share led by a wide range of applications in rail, construction, and energy sectors. Other metals, such as cast iron, aluminum, copper alloys, nickel alloys, titanium alloys, and brass, are preferred for specific use. For instance, copper alloys have good thermal conductivity, ductility, and excellent corrosion resistance capacity. The rising demand for aluminum on account of high tensile strength of lightweight materials for automotive and aerospace parts is estimated to observe the growth of the heat treatment industry.

Based on applications, the heat treating market is divided into automotive, aerospace, construction and machine, metal working, and others. The automotive sector is dominating the market share in terms of revenue followed by construction owing to rapid production of commercial and heavy-duty vehicles across the globe. Rapid industrialization leads to increasing activities in the construction sector especially in Asia Pacific, South America, and The Middle East countries, supporting the market statistics.

Based on furnace, electrical furnace is dominating the heat treatment industry and is showcasing noticeable growth trend during 2021 to 2027 driven by the operational effectiveness. Fuel-based furnace is likely to witness an average growth in some region due to environmental regulations and standards in some countries. It is expected to register a steady shift from fuel-fired furnaces to electrical furnaces in the near future.

Asia Pacific will hold significant share in terms of revenue and is anticipated to grow through 2027 owing to the emerging demand for end-use industries in India, China, Japan, and Indonesia. The rising demand for commercial and heavy-duty vehicles will boost the market share in the South American region. North America and Europe are predicted to showcase a steady growth with the increasing production of automobile and aviation parts.

A few industry leaders in the heat treating market include Bodycote Heat Treatments Ltd., Bluewater Thermal solutions, Ajax Tocco International, Summitglow Ltd., General Metal Heat Treating, Thremtech, Thermex Metal Treating, and Aichelin Holding GmbH. Industry players are continuously improving technology to meet the consumer needs. Furthermore, collaboration between service providers and end-use industries will positively drive the market revenue.

Heat Treating Market, By Process, 2021-2027 (USD Million)

  • Steel
  • Cast iron
  • Others

Market, By Material, 2021-2027 (USD Million)

  • Hardening
  • Annealing
  • Normalizing
  • Others

Market, By Application Type, 2021-2027 (USD Million)

  • Automotive
  • Aerospace
  • Construction and machine
  • Metalworking
  • Others

Market, By Furnace, 2021-2027 (USD Million)

  • Electrical
  • Fuel-fired

The above information has been provided on a regional and country basis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Sweden
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific 
    • China
    • Japan
    • India
    • Korea
    • Australia
  • Latin America 
    • Brazil
    • Mexico
    • Argentina
  • MEA 
    • Saudi Arabia
    • UAE
    • South Africa

Company Profiles:

  • Bodycote Heat Treatments Ltd.
  • Bluewater Thermal solutions
  • Ajax Tocco International
  • Summitglow Ltd.
  • General Metal Heat Treating
  • Thremtech
  • Thermex Metal Treating
  • Aichelin Holding GmbH

What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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