Metal Heat Treatment Market - By Material (Steel, Cast Iron and Others), By Process (Hardening & tempering, Case hardening, Annealing, Normalizing and Others), By Equipment Type (Fuel-fired furnace Electrically heated furnace Others), By Application (Automotive, Aerospace, Metalworking, Machine, Construction and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Metal Heat Treatment Market held USD 102.8 billion in 2020 and is to grow with a CAGR of 3.2% from 2020-2030. Metal heat treatment refers to a method of modifying metal's physical and chemical attributes by implying different methods like retaining, heating and cooling of solid metal to achieve a specific and desirable metallurgical properties. The automotive industry is a big end user of the facilities and equipment for metal heat treatment. The metal heat treatment is used to attain the hardening of the metals, obtain fine grain size, increase the ductile capability, improvise the cutting property of tool steels and softness, and improve the magnetic and electrical properties.

Market Dynamics and Factors:

Key factors driving the metal heat treatment's demands for the processes and services is growing demand from end-use industries. Aerospace and industries plays major role in driving the demand for metal heat treatment across all regions. In addition, the demand for heat treatment services in the aerospace industry is growing due to the rapid rise in demand for commercial vehicles and the rising traffic of air passengers has increased the market. Increasing demand for processes and services for metal heat treatment from the automotive and aerospace sectors is expected to drive the market over the forecast period.

Market Segmentation:

Depending upon the material, the market is classified into cast iron, steel, and others.  Considering the process, the metal heat treatment market is segregated into case hardening, hardening & tempering, annealing, normalizing and others. Based on equipment type, the market can be divided into electrically heated furnace, fuel-fired furnace and others. On the basis of application, the metal heat treatment market is bifurcated into automotive, aerospace, machine, metalworking, construction and others. Geographic breakdown and analysis of each of the segments of metal heat treatment market includes regions like North America, Europe, Asia-Pacific, and RoW.    

Geographic Analysis:

In terms of revenue Asia Pacific is the major  dominating region in the metal heat treating market.  All these services in this region is largely driven by the rapid growth of  aerospace,  automotive and construction industries as they are emerging as key economies in India, China, and Indonesia, thus responsible for the growth of metal heat treatment market. The aerospace application in the region of India and China 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, resulting in driving the metal heat treatment growth.  Moreover increase in demand for commercial aircraft by China due to increasing aviation demand will benefit the aerospace industry in the country, which is expected to lead the industry in the said application over the forecasted period, acting as a major driver in metal heat treatment growth.

Competitive Scenario:

The global metal heat treatment market, which is highly competitive, consists of a few major players. They are Bohler Uddeholm, Bluewater Thermal Solutions, Solar Atmosphere Inc., American Metal Treating Inc., Bodycote Heat Treatments Ltd., Ajax Tocco International Ltd., Thermax, Engineered Heat Treat,  American Metal Treating, Tri-J Heat Treating. General Metal, Keith, East-Lind Heat Treat, Houston Heat Treat, Paulo, Thermtech, and Pacific Metallurgical.

Metal Heat Treatment Market Report Scope