The Business Research Company’s report on the Heat Treating Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the heat treating industry?
The growing automotive sector is expected to propel the growth of the heat-treating market going forward. Heat treatment is used in many items in the automotive industry to harden aluminium body parts and strengthen engine and drivetrain components. The increasing automobile manufacturing is expected to generate a high demand for this heat treatment. For instance, in 2023, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), a France-based international association of automobile manufacturers, the global automotive industry in 2023 experienced notable growth, with total vehicle production reaching 93546599 units, a significant increase from the 85016728 units produced in 2022. Hence, the growing demand from end-user industries is expected to drive the market.
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What is the estimated market size of the heat treating sector by 2029, based on current forecasts?
The heat treating market size has grown steadily in recent years. It will grow from $107.51 billion in 2024 to $112.26 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growth in automotive industry, expansion of aerospace sector, increased demand in construction, advancements in metallurgy, rise in manufacturing of industrial machinery, increased utilization in energy sector.
The heat treating market size is expected to see strong growth in the next few years. It will grow to $140.99 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to globalization of supply chains, adoption of advanced materials, demand for high-temperature alloys, expansion of nuclear power industry, growing adoption of metal injection molding, rise in electric vehicle manufacturing, advancements in computational modeling. Major trends in the forecast period include adoption of advanced heating technologies, integration of automation and industry 4.0, advancements in quenching and cooling technologies, R&D in novel heat treating methods, resurgence of investment in industrial infrastructure.
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#Who are the top players in the heat treating market?
Major companies operating in the heat treating market are Bluewater Thermal Solutions, American Metal Treating Inc., East-Lind Heat Treat Inc., Pacific Metallurgical Inc., Nabertherm GmbH, Unitherm Engineers Limited, Peters’ Heat Treating Inc., Shanghai University Heat-treatment Co. Ltd., Thermax Limited, Uddeholm Canada, Ajax TOCCO International Ltd., Solar Atmospheres, Metcor Inc., Specialty Steel Treating, NITREX.COM, Industrial Steel Treating Company Inc., Foresight Finishing LLC, Queen City Steel Treating Co., S.M. Engineering & Heat Treating Inc., General Metal Heat Treating Inc., Scarrott Metallurgical Company, Circle City Heat Treating Inc., Metlab Corporation, Thermotech Refractory Contractors, Superior Heat Treat LLC, Bodycote PLC, Metal Heat Co. Ltd., ONEX Corp., Paulo Thermal Processing, Advanced Heat Treat Corp.
#What are the major trends in the heat treating market?
Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the heat-treating market. Key players operating in the heat-treating sector are focused on partnerships and collaborations to reinforce their position. For instance, in July 2022, AddUp, a US-based provider of complete industrial metal 3D printing solutions partnered with ECM Group, a France-based thermal solutions manufacturer. With this collaboration, both intend to develop thermal treatment solutions for items made with additive manufacturing. Moreover, in August 2022, Thermtech, a US-based thermal oxidizer and waste heat system producer and distributor partnered with Gasbarre Thermal Processing Systems to obtain three more furnaces to expand their capacity for neutral hardening, stress relief, normalizing, and annealing. Gasbarre Thermal Processing Systems is a US-based designer, producer, and servicer of a complete line of heat treatment machinery for practically any procedure.
Which geography holds the highest heat treating market share?
Asia-Pacific was the largest region in the heat-treating market share in 2024. The regions covered in the heat treating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the heat treating market?
The heat treating market covered in this report is segmented –
1) By Material: Steel, Cast Iron, Other Material Types
2) By Equipment: Electrically Heated Furnace, Fuel-Fired Furnace, Other Equipment
3) By Process: Carburizing, Nitriding, Hardening, Tempering, Normalizing, Annealing, Other Processes
4) By End-Users: Automotive, Aerospace, Machinery, Construction, Metals, Other End-Users
Subsegments:
1) By Steel: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel
2) By Cast Iron: Gray Cast Iron, Ductile Cast Iron, White Cast Iron, Malleable Cast Iron
3) By Other Material Types: Aluminum, Titanium, Copper Alloys, Nickel Alloys
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How is the heat treating market defined, and what are its core characteristics?
Heat treatment is the process of heating metals with the purpose of improving their properties, strengthening the metal, and creating alloys. Heat-treated parts are essential to the operation of automobiles, aircraft, spacecraft, computers, and heavy equipment of every kind.
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