Heat Treating Market Worldwide Industry Details by Top Manufacture, Price, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook

The global heat treatment market is likely to witness substantial growth by 2027 on account of surging demand for steel structural parts and aluminum body parts to improve fuel efficiency in vehicles. Moreover, the booming automotive industry is expected to further support market growth through the forecast period.
Heat treatment, which is a vital part of the manufacturing process, involves heating an alloy or a metal to enhance its physical properties to better withstand wear and tear. This procedure may either be used to soften or harden a metal and influence its heat and electrical conductivity according to the desired physical property required in the production process.
Furthermore, industry players are employing profitable strategies to gain a competitive edge in the market, thereby bolstering overall business growth. For instance, in April 2020, Bodycote Heat Treatments Ltd., a major heat treatment and thermal processing services provider, announced the acquisition of Ellison Surface Technologies, a leading thermal spray coating provider.
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The deal strengthened Bodycote’s Specialist Technologies portfolio and facilitated its expansion in the civil aerospace industry. The integration also broadened the firm’s product offerings with the incorporation of additional resources and technologies.
To cite another instance, in February 2019, Advanced Heat Treat Corp. (AHT), a key supplier of metallurgical solutions and heat treat services, completed the construction of a 15,000-square feet building, an addition to its corporate headquarters in Waterloo, Iowa. The facility expansion was intended to separate the gas nitriding equipment from the ion (plasma) nitriding units, improve overall production capacity, and serve a wider customer base.
The global heat treatment market has been segregated on the basis of application, equipment, material, process, and region. With respect to process, the market has further been classified into annealing, carburizing, tempering, nitriding, normalizing, hardening, and others.
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The nitriding sub-segment is anticipated to progress at a CAGR of more than 4.1% over the forecast time period. Rising popularity of nitriding heat treatment process in the automotive industry is estimated to fuel segmental expansion over the forthcoming years.
In terms of application, the global heat treatment market has been divided into aerospace & defense, automotive, metals, construction & infrastructure, machinery, and others. The machinery sub-segment is projected to amass significant gains by 2027, expanding at around 3.2% CAGR through the review period. Rapid development of industries in emerging economies would drive machine production, which is set to propel segmental growth in the coming years.
From the regional point of view, the Middle East and Africa heat treatment market is speculated to witness considerable growth at a CAGR of approximately 3.8% through the analysis timeline. The proliferating domestic construction and metal industries is slated to boost product uptake across the MEA region over the forecast timeframe.