Reports
Sale
Global Heat Treating Market Size, Share, Trends, Forecast: By Material: Steel, Cast Iron, Others; By Process: Hardening and Tempering, Case Hardening, Annealing, Normalising, Others; By Equipment: Fuel-fired Furnace, Electrically-heated Furnace, Others; By Application: Automotive, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Heat Treating Market Outlook
The global heat treating market stood at a value of around USD 112.48 billion in 2023. The market is further expected to grow at a CAGR of 4.9% in the forecast period of 2024-2032 to attain a value of USD 172.03 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Growing Demand for Steel and Cast Iron, owing to their High Strength and Durability, to Bolster the Growth of the Heat Treating Industry
Based on material, the steel segment accounts for a significant share in the market and is anticipated to attain a considerable growth in the forecast period. This can be attributed to the suitability of heat treatment in order to carry out various phase transformations involved in plain carbon steel and low-alloy steel. Over the forecast period, the growing use of hardened steel in various end use industries due to its superior machinability for heavy-duty applications is likely to propel the industry growth. Meanwhile, the cast iron segment is anticipated to occupy a considerable share in the forecast period owing to the high compressive strength, wear resistance, and good machinability of cast iron, which makes it ideal for manufacturing automotive parts, utensils, and anchor for ships, among others.
The Asia Pacific Accounts for a Significant Share in the Heat Treating Industry
The heat treatment market in the Asia Pacific is anticipated to grow at a significant rate in the forecast period owing to the thriving construction and metalworking industries, among others. The market in the region is anticipated to be bolstered by the rising demand for commercial aircraft and vehicles, owing to the growing travel and tourism industry in countries like India and China, coupled with the increasing disposable incomes. Furthermore, the market is expected to be aided by the growing efforts of major automotive players to expand their business in emerging markets.
Heat Treating: Market Segmentation
Heat treating is defined as a combination of heating and cooling operations performed on a metal or alloy in the solid state to produce desired properties. The heating treatment is often associated with enhancing the strength of the material to obtain certain manufacturing objectives.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on material, the market is divided into:
- Steel
- Cast Iron
- Others
On the basis of process, the industry is segmented into:
- Hardening and Tempering
- Case Hardening
- Annealing
- Normalising
- Others
The different equipment involved in the market are:
- Fuel-fired Furnace
- Electrically-heated Furnace
- Others
The major applications of heat treating include:
- Automotive
- Aerospace
- Metalworking
- Machine
- Construction
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Heat Treatment Applications in the Automotive and Aerospace Industries to Boost the Growth of the Heat Treating Industry
The global heat treating industry is driven by the rising heat treatment applications in the automotive and aerospace industries. This can be attributed to the fact that heat treatment augments the strength and durability of a metal which is used in the manufacturing of automobiles, aircraft, and various construction materials. For instance, in the automotive industry, the hardening of metal bolsters the overall quality of automobiles, which provides safety to consumers. Over the forecast period, the resurgence of the construction projects in emerging economies of the world, post-COVID-19, is likely to provide impetus to the global market for heat treating.
Key Industry Players in the Global Heat Treating Market
The report gives a detailed analysis of the following key players in the global heat treating market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Bluewater Thermal Solutions LLC
- American Metal Treating Inc.
- East-Lind Heat Treat Inc.
- Unitherm Engineers Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Process |
|
| Breakup by Equipment |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Heat Treating Market Analysis
8.1 Key Industry Highlights
8.2 Global Heat Treating Historical Market (2018-2023)
8.3 Global Heat Treating Market Forecast (2024-2032)
8.4 Global Heat Treating Market by Material
8.4.1 Steel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cast Iron
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Heat Treating Market by Process
8.5.1 Hardening and Tempering
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Case Hardening
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Annealing
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Normalising
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Heat Treating Market by Equipment
8.6.1 Fuel-fired Furnace
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Electrically-heated Furnace
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Heat Treating Market by Application
8.7.1 Automotive
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Aerospace
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Metalworking
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Machine
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Construction
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Heat Treating Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Heat Treating Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Heat Treating Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Heat Treating Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Heat Treating Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Heat Treating Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Marke Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bluewater Thermal Solutions LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 American Metal Treating Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 East-Lind Heat Treat Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Unitherm Engineers Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Heat Treating Market: Key Industry Highlights, 2018 and 2032
2. Global Heat Treating Historical Market: Breakup by Material (USD Billion), 2018-2023
3. Global Heat Treating Market Forecast: Breakup by Material (USD Billion), 2024-2032
4. Global Heat Treating Historical Market: Breakup by Process (USD Billion), 2018-2023
5. Global Heat Treating Market Forecast: Breakup by Process (USD Billion), 2024-2032
6. Global Heat Treating Historical Market: Breakup by Equipment (USD Billion), 2018-2023
7. Global Heat Treating Market Forecast: Breakup by Equipment (USD Billion), 2024-2032
8. Global Heat Treating Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Heat Treating Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Heat Treating Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Heat Treating Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Heat Treating Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Heat Treating Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Heat Treating Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Heat Treating Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Heat Treating Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Heat Treating Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Heat Treating Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Heat Treating Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Heat Treating Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Heat Treating Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Heat Treating Market Structure
Key Questions Answered in the Report
In 2023, the global heat treating market attained a value of nearly USD 112.48 billion.
The market is estimated to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 172.03 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The rising applications of heat treatment in the automotive and aerospace sectors, growing construction activities in emerging economies, and the increasing demand for commercial aircraft and automobiles are the major drivers of the market.
The key trends guiding the market growth include technological advancements in the automotive and aerospace sectors, the robust growth of the metalworking sector, and the growing use of hardened steel in diverse applications.
Steel and cast iron, among others, are the different materials considered within the market report.
The major segments based on process of heat treating considered in the market report are hardening and tempering, case hardening, annealing, and normalising, among others.
The various equipment included in the market report are fuel-fired furnace and electrically-heated furnace, among others.
Automotive, aerospace, metalworking, machine, and construction, among others, are the significant applications of heat treating.
The major players in the market are Bluewater Thermal Solutions LLC, American Metal Treating Inc., East-Lind Heat Treat Inc., and Unitherm Engineers Limited, among others.
Analyst Review
The global heat treating market attained a value of USD 112.48 billion in 2023, driven by the growing demand for steel and cast iron in various industries. Aided by the growing technological advancements in the automotive and aerospace industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.9%. The market is projected to reach USD 172.03 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of material, the market is divided into steel and cast iron, among others. Based on process, the market is segmented into hardening and tempering, case hardening, annealing, and normalising, among others. By equipment, the market is divided into fuel-fired furnace, electrically-heated furnace, and others. On the basis of application, the market is divided into automotive, aerospace, metalworking, machine, and construction, among others. The major regional markets for heat treating are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bluewater Thermal Solutions LLC, American Metal Treating Inc., East-Lind Heat Treat Inc., and Unitherm Engineers Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER