The global heat treating market size was valued at USD 90.7 billion in 2016 and is estimated to expand at a CAGR of 4.5% from 2019 to 2028. Growing penetration of heat treating applications in aerospace, automotive, construction, machining, and electrical and electronics industries is projected to act as the key market driver over the next eight years.  Automotive and aerospace are two crucial application segments. Growing demand for heat treating services in aerospace can be attributed to rapidly increasing demand for commercial vehicles due to high aviation demand and rising air passenger traffic. Furthermore, upsurge in heat treating services for construction

Top Driver: Increasing presence of major automotive manufactures in the aforementioned countries will drive the market growth

The automotive industry plays an essential role in driving heat treating services in emerging economies such as Brazil, India, Indonesia, Mexico, and China. Automotive manufacturers have been propelling the demand for heat treating over the past few years. Increasing presence of major automotive manufactures in the aforementioned countries has contributed to the growth of the heat treatment market. Various parts and components of automobiles undergo heavy stress and thus require high durability. Efficient heat treating can provide strength and improve mechanical performance. The metal heat treatment industry is highly energy intensive, as a result of which, industry participants face several constraints. Use of highly energy-inefficient equipment poses a threat to the environment and impacts operational efficiency. Use of outdated technology and process by small and medium players, primarily in emerging economies across Asia Pacific and Central and South America, is expected to hamper growth in the near future.

 Steel segment to Make Crucial Contribution for Growth of Global Heat treating market

Different materials undergo treatment for several applications; key materials in the industry include steel, cast iron, aluminum, copper alloys, nickel alloys, brass, titanium alloys, and other metals. Steel dominated the industry in terms of material; however, the segment is likely to lose market share over the forecast period owing to increasing use of aluminum and other metals for the manufacture of components in automotive and aerospace industries.

Growing demand for lightweight components with high tensile strength for automobiles and aircraft to reduce primary and secondary weight is expected to drive market growth for other metals, especially aluminum.

    Hardening and tempering and case hardening are two of the most commonly used heat treatment processes. Case hardening accounted for the largest share by process, accounting for over 25.0% in 2016. The process is expected to witness the highest growth over the forecast period on account of increasing use of case hardening processes such as carburizing, cyaniding, and carbonitriding for various end-use applications. Improved mechanical and chemical properties resulting from these processes have aided segment growth. The conventional hardening process segment is likely to lose market share over the next few years on account of increasing use of surface hardening and annealing processes for key applications in automotive, aerospace, and defense.

Asia Pacific dominated to witness fastest growth in Global Heat treating market

Asia Pacific dominated the metal heat treating market in terms of revenue. These services in the region are largely driven by rapidly growing automotive, aerospace and construction industries across key emerging economies such as India, China, and Indonesia.

The aerospace application in the region is expected to witness the highest growth during the next few years on account of an upsurge in the manufacture of aircraft parts and systems in emerging economies of India and China. Furthermore, increasing demand for commercial aircraft by China on account increasing aviation demand is likely to benefit the aerospace industry in the country. This, in turn, is expected to drive the industry in the said application over the next eight years.

The industry segment in North America is primarily driven by the rapid service demand growth in the U.S. The U.S. automotive and aerospace industry is identified as the key drivers for the overall industry in the region. In addition, the increasing automobile production and other manufacturing activities in Mexico are likely to propel demand in the industry over the forecast period.

Players to Focus on Heat treating market

Presence of numerous large, small, and medium-sized companies with an extensive product portfolio and geographical reach. Key industry participants include

• Bluewater Thermal Solutions
• Bohler Uddeholm
• American Metal Treating Inc.
• Solar Atmosphere Inc.
• Ajax Tocco International Ltd.
• Bodycote Heat Treatments Ltd.
• Ajax Tocco International
• Pillar Induction Inc.
• Aichelin Holding GmbH

Scope of the Report

By Material

• Steel
• Cast Iron
• Others

 By Process

• Hardening & tempering
• Case hardening
• Annealing
• Normalizing

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report 

1. It provides a technological development map over time to understand the growth rate of the industry.

2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.

3. It renders definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is predicted to grow.