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U.S. Heat Treating Market Size, Share & Trends Analysis Report By Material (Steel, Cast Iron), By Process (Case hardening, Annealing), By Equipment, By Application, And Segment Forecasts, 2024 - 2030

July 2024 | 100 pages | ID: U80B10F1F98DEN
Grand View Research, Inc.

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U.S. Heat Treating Market Growth & Trends

The U.S. heat treating market size is anticipated t%li%reach USD 27.32 billion by 2030 and is anticipated t%li%register a CAGR of 2.8% from 2024 t%li%2030, according t%li%a new report by Grand View Research, Inc. The market is expected t%li%grow significantly in the coming years, driven by the rapid expansion of the EV industry and the increasing demand for metallurgical alterations t%li%suit specific applications. Heat treatment plays a crucial role in enhancing the performance, efficiency, and longevity of critical components within EV drivetrains and battery systems, leading t%li%a surge in demand for heat treatment in EVs.

Heat treating, an essential process in the manufacturing and metalworking sectors, has seen evolving demand trends shaped by various industry needs. For instance, the aerospace industry, constantly seeking enhanced durability and performance in critical components, has been a substantial driver for advanced heat-treating techniques like vacuum heat treating and plasma nitriding. Automotive trends, particularly the shift towards lightweight materials for improved fuel efficiency, have spurred demand for heat treatments that enhance aluminum's strength.

Heat treating involves controlled heating and cooling of materials t%li%attain distinct mechanical properties such as strength, flexibility, and hardness. The temperature control in the heating process is highly energy intensive. Achieving thermal efficiency and optimizing the load throughout requires the use of advanced technology. Heat-treating units use various furnace models t%li%improve the thermal profile of the system. Numerical modeling systems are used t%li%stimulate the heat-treating process.

Moreover, advancement in processing technology has helped t%li%increase the efficiency of materials. The emergence of new technologies helped reduce friction and increase the strength of heat-treated materials. The key technological aspect of the heat treating industry involves obtaining energy efficiency. Vacuum carburizing and nitriding heating processes have gained rapid industrial acceptance across the globe. This has led t%li%improvements in furnace designing technologies and atmosphere control processes.

Manufacturers in the U.S. heat treating industry are adopting several strategies, such as acquisitions, mergers, new product launches, and geographical expansion, t%li%enhance market penetration and cater t%li%changing technological demands. Key players in the market, including Bodycote, Bluewater Thermal Solutions, and Advanced Heat Treat Corp., focus on expanding their service offerings and investing in state-of-the-art facilities t%li%enhance their capabilities and meet stringent industry standards. For instance, in January 2024, Bodycote completed the acquisition of Lake City HT, a provider of hot isostatic pressing (HIP) and heat treatment services. With this acquisition, the customer reach of Bodycote is expected t%li%significantly increase in the medical market in the coming years.

U.S. Heat Treating Market Report Highlights
        • The steel material segment led the market with a revenue share of 79.7% in 2023. Growing demand for heat-treated steel parts in the construction industry, is expected t%li%propel the demand for heat treating for steel over the forecast period. Steel is subjected t%li%heat treating t%li%obtain certain mechanical properties including strength, wear properties, and surface hardness.
        • The case hardening process segment is anticipated t%li%show lucrative growth over the forecast period. The demand for case hardening processes within the market growth remains strong, driven by industries where enhanced surface hardness and wear resistance of metal components are paramount. In applications such as automotive manufacturing, aerospace, and industrial machinery, case hardening plays a critical role in extending the lifespan and improving the performance of components subjected t%li%heavy wear and friction. The automotive sector, for instance, relies on case hardening t%li%enhance the durability of gears, camshafts, and other critical engine components.
          • The batch furnace equipment segment held the largest revenue share in 2023. Batch furnaces, als%li%known as box furnaces, play a crucial role in various heat treatment applications owing t%li%their adaptability and functionality. They feature an insulated compartment, which is designed t%li%hold the materials being processed, thereby ensuring a tightly controlled heating environment. The primary aim of box furnaces is t%li%offer a consistent and controllable heat treatment setting for a variety of processes.
        • The continuous furnace equipment segment is expected t%li%show lucrative growth over the forecast period. Continuous furnaces are specialized industrial heat treatment equipment that are designed t%li%manage an ongoing stream of workpieces. In contrast t%li%batch furnaces, which process workpieces in limited quantities, continuous furnaces facilitate an uninterrupted heat treatment process. This makes continuous furnaces suitable for high-volume production and consistent heat treatment operations.
          • Batch furnaces are fuel-fired and electrically heated furnaces that cater t%li%a broad array of industrial heating processes, each with distinct characteristics and suited t%li%different applications. Batch furnaces are designed t%li%heat materials in discrete batches. This setup allows for precise control over the heating cycle and atmosphere, accommodating a wide variety of materials and processes. Since these furnaces operate on a batch-by-batch basis, they d%li%not run continuously.
        • The automotive application is anticipated t%li%show lucrative growth over the forecast period due t%li%the growing EV industry and the increasing demand for greener technologies that can deliver energy-efficient heat treatment. Moreover, new and advanced equipment required for EVs is expected t%li%propel industry growth. The demand for heat treating in the automotive industry remains robust, driven by the sector's relentless pursuit of lightweight materials, improved mechanical properties, and enhanced durability.
          • In April 2024, SECO/WARWICK, INC. inaugurated a new production facility in India, marking another milestone in its global expansion strategy t%li%deliver high-quality metal heat treatment equipment across all continents. The new plant spans 4,000 m2 with a ceiling height of 12 meters. It is equipped with tw%li%overhead cranes capable of lifting 15 tons each. Strategically located in a special economic zone near Pune, Maharashtra, India, the facility is close t%li%numerous industrial plants and potential customers for the company. The plant is expected t%li%focus on manufacturing vacuum equipment and CAB lines and providing comprehensive service support.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

CHAPTER 3. U.S. HEAT TREATING MARKET VARIABLES, TRENDS, & SCOPE

3.1. Market Lineage Outlook
3.2. Concentration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
  3.5.1. Market Drivers Analysis
  3.5.2. Market Restraints Analysis
  3.5.3. Market Opportunity Analysis
  3.5.4. Market Challenge Analysis
3.6. U.S. Heat Treating Market Analysis Tools
  3.6.1. Porter’s Analysis
    3.6.1.1. Bargaining Power of The Suppliers
    3.6.1.2. Bargaining Power of The Buyers
    3.6.1.3. Threats Of Substitution
    3.6.1.4. Threats From New Entrants
    3.6.1.5. Competitive Rivalry
  3.6.2. PESTEL Analysis
    3.6.2.1. Political Landscape
    3.6.2.2. Economic And Social Landscape
    3.6.2.3. Technological Landscape
    3.6.2.4. Environmental Landscape
    3.6.2.5. Legal Landscape
3.7. Economic Mega Trend Analysis

CHAPTER 4. U.S. HEAT TREATING MARKET: MATERIAL ESTIMATES & TREND ANALYSIS

4.1. Material Movement Analysis & Market Share, 2023 & 2030
4.2. U.S. Heat Treating Market: Service Movement Analysis, 2023 & 2030
4.3. Steel
  4.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
4.4. Cast iron
  4.4.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
4.5. Others
  4.5.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)

CHAPTER 5. U.S. HEAT TREATING MARKET: PROCESS ESTIMATES & TREND ANALYSIS

5.1. Process Movement Analysis & Market Share, 2023 & 2030
5.2. U.S. Heat Treating Market: Source Movement Analysis, 2023 & 2030
5.3. Case hardening
  5.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
5.4. Hardening & tempering
  5.4.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
5.5. Annealing
  5.5.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
5.6. Normalizing
  5.6.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
5.7. Others
  5.7.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)

CHAPTER 6. U.S. HEAT TREATING MARKET: EQUIPMENT ESTIMATES & TREND ANALYSIS

6.1. Equipment Movement Analysis & Market Share, 2023 & 2030
6.2. U.S. Heat Treating Market: Polymer Movement Analysis, 2023 & 2030
6.3. Batch Furnace
  6.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
  6.3.2. Market Estimates And Forecasts, by heating method, 2018 - 2030 (USD Billion)
6.4. Continuous Furnace
  6.4.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
  6.4.2. Market Estimates And Forecasts, by heating method, 2018 - 2030 (USD Billion)

CHAPTER 7. U.S. HEAT TREATING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

7.1. Application Movement Analysis & Market Share, 2023 & 2030
7.2. U.S. Heat Treating Market: Polymer Movement Analysis, 2023 & 2030
7.3. Automotive
  7.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
7.4. Machine
  7.4.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
7.5. Construction
  7.5.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
7.6. Aerospace
  7.6.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
7.7. Metalworking
  7.7.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
7.8. Others
  7.8.1. Market Estimates And Forecasts, 2018 - 2030 (USD Billion)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Recent Developments & Impact Analysis By Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Market Share Analysis, 2023
8.5. Company Heat Map Analysis
8.6. Strategy Mapping
8.7. Company Profiles
  8.7.1. Bluewater Thermal
    8.7.1.1. Participant’s Overview
    8.7.1.2. Financial Performance
    8.7.1.3. Technique Benchmarking
    8.7.1.4. Recent Developments
  8.7.2. AMERICAN METAL TREATING, INC.
    8.7.2.1. Participant’s Overview
    8.7.2.2. Financial Performance
    8.7.2.3. Technique Benchmarking
    8.7.2.4. Recent Developments
  8.7.3. East~Lind Heat Treat, Inc.
    8.7.3.1. Participant’s Overview
    8.7.3.2. Financial Performance
    8.7.3.3. Technique Benchmarking
    8.7.3.4. Recent Developments
  8.7.4. General Metal Heat Treating
    8.7.4.1. Participant’s Overview
    8.7.4.2. Financial Performance
    8.7.4.3. Technique Benchmarking
    8.7.4.4. Recent Developments
  8.7.5. Pacific Metallurgical, Inc.
    8.7.5.1. Participant’s Overview
    8.7.5.2. Financial Performance
    8.7.5.3. Technique Benchmarking
    8.7.5.4. Recent Developments
  8.7.6. Nabertherm GmbH
    8.7.6.1. Participant’s Overview
    8.7.6.2. Financial Performance
    8.7.6.3. Technique Benchmarking
    8.7.6.4. Recent Developments
  8.7.7. SECO/WARWICK, INC.
    8.7.7.1. Participant’s Overview
    8.7.7.2. Financial Performance
    8.7.7.3. Technique Benchmarking
    8.7.7.4. Recent Developments
  8.7.8. Bodycote
    8.7.8.1. Participant’s Overview
    8.7.8.2. Financial Performance
    8.7.8.3. Technique Benchmarking
    8.7.8.4. Recent Developments
  8.7.9. American Heat Treating
    8.7.9.1. Participant’s Overview
    8.7.9.2. Financial Performance
    8.7.9.3. Technique Benchmarking
    8.7.9.4. Recent Developments
  8.7.10. Heat Treating Inc.
    8.7.10.1. Participant’s Overview
    8.7.10.2. Financial Performance
    8.7.10.3. Technique Benchmarking
    8.7.10.4. Recent Developments%%
LIST OF FIGURES


Fig. 1 Market research application
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Information General Industries
Fig. 7 Market Formulation and Validation
Fig. 8 Data Validating & Publishing
Fig. 9 Market Segmentation & Scope
Fig. 10 Anaerobic Adhesives Market Snapshot
Fig. 11 Segment Snapshot (1/2)
Fig. 12 Segment Snapshot (2/2)
Fig. 13 Competitive Landscape Snapshot
Fig. 14 Chemicals market outlook
Fig. 15 Anaerobic Adhesives Market Value, 2023 (USD Million)
Fig. 16 Anaerobic Adhesives Market - Value Chain Analysis
Fig. 17 Anaerobic Adhesives Market - Price Trend Analysis 2018 - 2030 (USD/Kg)
Fig. 18 Anaerobic Adhesives Market - Market Dynamics
Fig. 19 Anaerobic Adhesives Market - PORTER’s Analysis
Fig. 20 Anaerobic Adhesives Market - PESTEL Analysis
Fig. 21 Anaerobic Adhesives Market Estimates & Forecasts, By Product: Key Takeaways
Fig. 22 Anaerobic Adhesives Market Share, By Product, 2023 & 2030
Fig. 23 Anaerobic Adhesives Market Estimates & Forecasts in Threadlockers , 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 24 Anaerobic Adhesives Market Estimates & Forecasts in Thread Sealants , 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 25 Anaerobic Adhesives Market Estimates & Forecasts in Retaining Compound , 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 26 Anaerobic Adhesives Market Estimates & Forecasts in Gasket Sealant , 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 27 Anaerobic Adhesives Market Estimates & Forecasts in Other Products, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 28 Anaerobic Adhesives Market Estimates & Forecasts, By Substrate: Key Takeaways
Fig. 29 Anaerobic Adhesives Market Share, By Substrate, 2023 & 2030
Fig. 30 Anaerobic Adhesives Market Estimates & Forecasts in Metals, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 31 Anaerobic Adhesives Market Estimates & Forecasts in Plastics, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 32 Anaerobic Adhesives Market Estimates & Forecasts in Other Substrates, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 33 Anaerobic Adhesives Market Estimates & Forecasts, By End Use: Key Takeaways
Fig. 34 Anaerobic Adhesives Market Share, By End Use, 2023 & 2030
Fig. 35 Anaerobic Adhesives Market Estimates & Forecasts, in Automotive, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 36 Anaerobic Adhesives Market Estimates & Forecasts, in Electrical & Electronics, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 37 Anaerobic Adhesives Market Estimates & Forecasts, in General Industries, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 38 Anaerobic Adhesives Market Estimates & Forecasts, in Construction, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 39 Anaerobic Adhesives Market Estimates & Forecasts, in Aerospace, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 40 Anaerobic Adhesives Market Estimates & Forecasts, in Other End Uses, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 41 Anaerobic Adhesives Market Revenue, By Region, 2023 & 2030 (USD Million)
Fig. 42 North America Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 43 U.S. Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 44 Canada Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 45 Mexico Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 46 Europe Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 47 Germany Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 48 UK Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 49 France Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 50 Italy Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 51 Spain Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 52 Asia Pacific Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 53 China Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 54 India Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 55 Japan Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 56 South Korea Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 57 Central & South America Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 58 Brazil Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 59 Argentina Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 60 Middle East & Africa Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 61 Saudi Arabia Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 62 South Africa Anaerobic Adhesives Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 63 Key Company Categorization
Fig. 64 Company Market Positioning
Fig. 65 Key Company Market Share Analysis, 2023
Fig. 66 Strategy Mapping


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