Weather , , 0°C

Heat Treating Market Size Projected To Touch $122.34 Billion By 2025 Based on Enhanced Application into Automotive, Construction And Aerospace Industries | Million Insights

 Breaking News
  • No posts were found

Heat Treating Market Size Projected To Touch $122.34 Billion By 2025 Based on Enhanced Application into Automotive, Construction And Aerospace Industries | Million Insights

January 18
08:06 2021
Heat Treating Market Size Projected To Touch $122.34 Billion By 2025 Based on Enhanced Application into Automotive, Construction And Aerospace Industries | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global heat treating industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Heat Treating Market size is projected to touch USD 122.34 billion by the end of 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 3.5% over the estimated duration. The extensive use of metal heat treatment services in various industries such as aerospace, energy, automotive, and construction is predicted to bode well for the market growth from 2017 to 2025.

Steel is the widely preferred material in the heat treatment applications. The growing use of steel for machining and construction applications is predicted to fuel the segment growth in the upcoming years. Some other metals used in these processes are nickel, aluminum, copper, and iron. Aluminum is anticipated to grow considerably owing to increasing demand from automotive and aerospace industries over the estimated years.

To download the sample PDF of “Heat Treating Market Report” please click here: https://www.millioninsights.com/industry-reports/global-heat-treating-market/request-sample

U.S. heat treating market

The extensively used heat process includes annealing, hardening & tempering, and case hardening. Case hardening is projected to showcase substantial growth from 2017 to 2025 owing to the growing preference for carbonitriding, carburizing, and nitriding for surface hardening in machine and metalworking applications. The traditional process segment is anticipated to lose its market presence over the forecast period due to shifting preference for annealing and surface hardening processes across various industries such as defense, mining, automotive, and aerospace.

Automotive category led the market in 2016 owing to shifting preference of customers for commercial vehicles due to growing aviation demand. However, the aerospace segment is predicted to foresee the highest growth in the developing nations. Key players of the market are Bohler Uddeholm; Solar Atmosphere Inc.; Bluewater Thermal Solutions; Bodycote Heat Treatments Ltd.; Ajax Tocco International Ltd.; and American Metal Treating Inc.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-heat-treating-market

Global heat treating market

Further key findings from the report suggest:

• The global heat treating market was worth USD 90.73 billion in 2016 and is predicted to ascend with a CAGR of 3.5% over the forecast period. The market growth is attributed to the rising demand for metal treatment services in end-use industries.

• The cast iron category touched USD 9.43 billion in 2016 and is predicted to foresee shallow growth in the coming years. The growth is restrained by shifting preference for other metals such as nickel, copper, and aluminum in the industries.

• The case hardening division was worth USD 23.99 billion and is anticipated to exhibit a CAGR of 3.7% from 2017 to 2025. Rising use of carburizing for surface hardening over conventional hardening process is predicted to drive market in the coming years.

• Asia Pacific led the market, touching revenue of USD 34.21 billion in 2016 and is expected to ascend with a CAGR of 3.9% from 2017 to 2025. The rapid expansions of leading end-use industries in developing nations are predicted to boost the market growth over the forecast duration.

• Key players are emphasizing on technological alliances, M&A and product innovation to increase their market presence over the forecast duration.

Million Insights has segmented the global heat treating market on the basis of material, process, equipment, application, and region:

Heat Treating Material Outlook (Revenue, USD Million, 2014 – 2025)
    • Steel
    • Cast Iron
    • Others

Heat Treating Process Outlook (Revenue, USD Million, 2014 – 2025)
    • Hardening & tempering
    • Case hardening
    • Annealing
    • Normalizing
    • Others

Heat Treating Equipment Outlook (Revenue, USD Million, 2014 – 2025)
    • Fuel-fired furnace
    • Electrically heated furnace
    • Others

Heat Treating Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Automotive
    • Aerospace & Defense
    • Metalworking
    • Machine
    • Construction
    • Others

Heat Treating Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

Explore the Latest Market Research Reports by Million Insights:

• Europe Composites Market: The Europe composites market size was valued at USD 16.6 billion in 2018 and projected to grow with a 7.5% CAGR over the forecast period, from 2019 to 2025. Rising demand for lightweight materials across several industries such as transportation, aerospace & defense, wind and automotive is expected to drive the market growth.

• North America Metro Ethernet Services Market: The North America metro ethernet services market size was worth USD 18.7  billion in 2017 and expected to grow with a CAGR of 4.8% during the forecast period, from 2018 to 2025. Growing need for on-demand delivery of content services is a major factor to drive the market growth.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-heat-treating-market

Related Articles

Calendar

March 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  

Categories