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Heat Treating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 145 pages | ID: H64BCEA65C99EN
IMARC Group

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The global heat treating market reached a value of US$ 96.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 121.4 Billion by 2027, exhibiting a CAGR of 4.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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:
How has the global heat treating market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global heat treating market?
What are the key regional markets?
What is the breakup of the market based on the material?
What is the breakup of the market based on the process?
What is the breakup of the market based on the equipment?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global heat treating market and who are the key players?
What is the degree of competition in the industry?
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

LIST OF TABLES

Table 1: Global: Heat Treating Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Heat Treating Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Heat Treating Market Forecast: Breakup by Process (in Million US$), 2022-2027
Table 4: Global: Heat Treating Market Forecast: Breakup by Equipment (in Million US$), 2022-2027
Table 5: Global: Heat Treating Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Heat Treating Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Heat Treating Market: Competitive Structure
Table 8: Global: Heat Treating Market: Key Players

LIST OF FIGURES

Figure 1: Global: Heat Treating Market: Major Drivers and Challenges
Figure 2: Global: Heat Treating Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Heat Treating Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Heat Treating Market: Breakup by Material (in %), 2021
Figure 5: Global: Heat Treating Market: Breakup by Process (in %), 2021
Figure 6: Global: Heat Treating Market: Breakup by Equipment (in %), 2021
Figure 7: Global: Heat Treating Market: Breakup by Application (in %), 2021
Figure 8: Global: Heat Treating Market: Breakup by Region (in %), 2021
Figure 9: Global: Heat Treating (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Heat Treating (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Heat Treating (Cast Iron) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Heat Treating (Cast Iron) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Heat Treating (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Heat Treating (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Heat Treating (Hardening and Tempering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Heat Treating (Hardening and Tempering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Heat Treating (Case hardening) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Heat Treating (Case hardening) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Heat Treating (Annealing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Heat Treating (Annealing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Heat Treating (Normalizing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Heat Treating (Normalizing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Heat Treating (Other Processes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Heat Treating (Other Processes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Heat Treating (Fuel-Fired Furnace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Heat Treating (Fuel-Fired Furnace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Heat Treating (Electrically Heated Furnace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Heat Treating (Electrically Heated Furnace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Heat Treating (Other Equipments) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Heat Treating (Other Equipments) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Heat Treating (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Heat Treating (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Heat Treating (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Heat Treating (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Heat Treating (Metalworking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Heat Treating (Metalworking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Heat Treating (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Heat Treating (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Heat Treating (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Heat Treating (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Heat Treating Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Heat Treating Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Heat Treating Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Heat Treating Industry: SWOT Analysis
Figure 91: Global: Heat Treating Industry: Value Chain Analysis
Figure 92: Global: Heat Treating Industry: Porter's Five Forces Analysis


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