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Heat Treating Market Report by Material (Steel, Cast Iron, and Others), Process (Hardening and Tempering, Case Hardening, Annealing, Normalizing, and others), Equipment (Fuel-Fired Furnace, Electrically Heated Furnace, and Others), Application (Automotive, Aerospace, Metalworking, Construction, and Others), and Region 2024-2032
Market Report I 2024-09-10 I 146 Pages I IMARC Group
The global heat treating market size reached US$ 104.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 143.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
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 report, along with forecasts at the global, regional and country level from 2024-2032. 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
o United States
o Canada
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o 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
1. How big is the global heat treating market?
2. What is the expected growth rate of the global heat treating market during 2024-2032?
3. What are the key factors driving the global heat treating market?
4. What has been the impact of COVID-19 on the global heat treating market?
5. What is the breakup of the global heat treating market based on the material?
6. What is the breakup of the global heat treating market based on the process?
7. What is the breakup of the global heat treating market based on the equipment?
8. What is the breakup of the global heat treating market based on the application?
9. What are the key regions in the global heat treating market?
10. Who are the key players/companies in the global heat treating market?
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
Figure 1: Global: Heat Treating Market: Major Drivers and Challenges
Figure 2: Global: Heat Treating Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Heat Treating Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Heat Treating Market: Breakup by Material (in %), 2023
Figure 5: Global: Heat Treating Market: Breakup by Process (in %), 2023
Figure 6: Global: Heat Treating Market: Breakup by Equipment (in %), 2023
Figure 7: Global: Heat Treating Market: Breakup by Application (in %), 2023
Figure 8: Global: Heat Treating Market: Breakup by Region (in %), 2023
Figure 9: Global: Heat Treating (Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Heat Treating (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Heat Treating (Cast Iron) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Heat Treating (Cast Iron) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Heat Treating (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Heat Treating (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Heat Treating (Hardening and Tempering) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Heat Treating (Hardening and Tempering) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Heat Treating (Case hardening) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Heat Treating (Case hardening) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Heat Treating (Annealing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Heat Treating (Annealing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Heat Treating (Normalizing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Heat Treating (Normalizing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Heat Treating (Other Processes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Heat Treating (Other Processes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Heat Treating (Fuel-Fired Furnace) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Heat Treating (Fuel-Fired Furnace) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Heat Treating (Electrically Heated Furnace) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Heat Treating (Electrically Heated Furnace) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Heat Treating (Other Equipments) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Heat Treating (Other Equipments) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Heat Treating (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Heat Treating (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Heat Treating (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Heat Treating (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Heat Treating (Metalworking) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Heat Treating (Metalworking) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Heat Treating (Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Heat Treating (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Heat Treating (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Heat Treating (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: North America: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: North America: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United States: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United States: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Canada: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Canada: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Asia-Pacific: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Asia-Pacific: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: China: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: China: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Japan: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Japan: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: India: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: India: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: South Korea: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: South Korea: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Australia: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Australia: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Indonesia: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Indonesia: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Europe: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Europe: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Germany: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Germany: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: France: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: France: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: United Kingdom: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: United Kingdom: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Italy: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Italy: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Spain: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Spain: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Russia: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Russia: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Latin America: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Latin America: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Brazil: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Brazil: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Mexico: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Mexico: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Others: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Others: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Middle East and Africa: Heat Treating Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Middle East and Africa: Heat Treating Market: Breakup by Country (in %), 2023
Figure 89: Middle East and Africa: Heat Treating Market Forecast: Sales Value (in Million US$), 2024-2032
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
Table 1: Global: Heat Treating Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Heat Treating Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 3: Global: Heat Treating Market Forecast: Breakup by Process (in Million US$), 2024-2032
Table 4: Global: Heat Treating Market Forecast: Breakup by Equipment (in Million US$), 2024-2032
Table 5: Global: Heat Treating Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Heat Treating Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Heat Treating Market: Competitive Structure
Table 8: Global: Heat Treating Market: Key Players
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