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Published: Mar, 2019 | Pages:
105 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The GCC heat treating market size is projected to reach USD 935.7 million by 2025, at a CAGR of 2.4% by 2025, according to a new report of Grand View Research Inc. The market is expected to be driven by rising demand for heat treating units from numerous industrial applications, including automotive and aerospace, over the forecast period. Significant growth in the automotive industry worldwide, along with Middle East and Africa, has fueled demand for heat treating solutions. Key economies such as UAE and Saudi Arabia are faced with high demand for affordably priced vehicles, fueled by rapid urbanization, increase in disposable income, and changing lifestyle. This rise in demand has inspired various automotive manufacturers to strengthen their manufacturing base in the region. In addition, favorable government policies have attracted significant investments from foreign players. The steel segment is expected to lead the market on the basis of material, registering a CAGR of 2.5% over the forecast period. Robust industrial development in the Gulf Cooperation Council (GCC), owing to liberalization of industrial policies, has contributed to the demand for steel. Rising expenditure on infrastructure development projects, coupled with growth in the automotive industry in key emerging economies in MEA and around the globe, has also resulted in a significant increase in steel consumption. Growing use of metals and allied metals in industrial applications is expected to drive the GCC heat treating market over the forecast period. Value-added features and characteristics of metals offered during the processes are expected to offer significant growth opportunities. Based on type of fuel used, the market can be broadly categorized into fuel-fired and electrically-heated furnaces. In fuel-fired furnaces, heat is generated through the combustion of fossil fuels such as oil, coal, and natural gas. In electrical furnaces, heat is generated by passing electricity through the material or via induction. The positive shift from traditional to electrically heated furnaces has favored market growth. Automotive was the largest application segment in terms of revenue in 2018 and is slated to account for a significant share by 2025. Increasing reach of various automotive manufacturers in Saudi Arabia, UAE, Oman, and other GCC member states has propelled demand for heat treating in the Middle East. Positive outlook of the aerospace industry is also expected to drive the market. Further key findings from the report suggest: • The Saudi Arabia market is expected to register a CAGR of 1.31% over the forecast period owing to increased focus on tourism and rise in government spending on aerospace, military, and defense industries, among others • The UAE market is expected to reach USD 128.00 million by 2025. Constant restructuring in corporate operations, shift toward non-oil activities, and other macroeconomic factors are expected to propel market growth • The Qatar market was valued at USD 72.03 million in 2018. Heavy investments in LNG, development of the hydrocarbon sector, and other such strategic moves have resulted in rapid economic and market growth.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope And Assumptions
1.3 List Of Data Sources
1.4 List Of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends, And Scope
3.1 Market Segmentation
3.2 GCC Heat Treating Market Dynamics
3.3 Market Driver Analysis
3.3.1 Promising Growth In Automotive Production In Emerging Economies Across The Globe
3.4 Market Restraint Analysis
3.4.1 Growing Environmental Concerns Of The Energy Intensive Process
3.4.2 Government Tariffs Affecting The Market Demand For Automotive And Metal Industries
3.5 Regulatory Framework
3.6 Value Chain Analysis
3.7 Heat Treating Market- Equipment Outlook
3.8 Technology Overview
3.8.1 Green Technology
3.9 Penetration & Growth Prospect Mapping
3.10 Industry Analysis - Porter's
3.11 Pestel Analysis
3.12 Market Dynamics
Chapter 4 GCC Heat Treating Market: Material Estimates & Trend Analysis
4.1 Steel
4.1.1 Market Estimates & Forecast, By Steel Material, 2015 - 2025
4.1.2 Market Estimates & Forecast, By Steel Material, By Country, 2015 - 2025
4.2 Cast Iron
4.2.1 Market Estimates & Forecast, By Cast Iron Material, 2015 - 2025
4.2.2 Market Estimates & Forecast, By Cast Iron Material, By Country, 2015 - 2025
Chapter 5 GCC Heat Treating Market: Process Estimates & Trend Analysis
5.1 Hardening And Tempering
5.1.1 Market Estimates & Forecast, By Hardening And Tempering Process, 2015 - 2025
5.1.2 Market Estimates & Forecast, By Hardening And Tempering Process, By Country, 2015 - 2025
5.2 Case Hardening
5.2.1 Market Estimates & Forecast, By Case Hardening Process, 2015 - 2025
5.2.2 Market Estimates & Forecast, By Case Hardening Process, By Country, 2015 - 2025
5.3 Annealing
5.3.1 Market Estimates & Forecast, By Annealing Process, 2015 - 2025
5.3.2 Market Estimates & Forecast, By Annealing Process, By Country, 2015 - 2025
5.4 Normalizing
5.4.1 Market Estimates & Forecast, By Normalizing Process, 2015 - 2025
5.4.2 Market Estimates & Forecast, By Normalizing Process, By Country, 2015 - 2025
Chapter 6 GCC Heat Treating Market: Equipment Estimates & Trend Analysis
6.1 Fuel-Fired Furnaces
6.1.1 Market Estimates & Forecast, By Fuel-Fired Furnace Equipment, 2015 - 2025
6.1.2 Market Estimates & Forecast, By Fuel-Fired Furnace Equipment, By Country, 2015 - 2025
6.2 Electrically Heated Furnace
6.2.1 Market Estimates & Forecast, By Electrically Heated Furnace Equipment, 2015 - 2025
6.2.2 Market Estimates & Forecast, By Electrically Heated Furnace Equipment, By Country, 2015 - 2025
Chapter 7 GCC Heat Treating Market: Application Estimates & Trend Analysis
7.1 Automotive
7.1.1 Market Estimates & Forecasts, By Automotive Application, 2015 - 2025
7.1.2 Market Estimates & Forecast, By Automotive Application, By Country, 2015 - 2025
7.2 Aerospace
7.2.1 Market Estimates & Forecast, By Aerospace Application, 2015 - 2025
7.2.2 Market Estimates & Forecast, By Aerospace Application, By Country, 2015 - 2025
7.3 Metal Working
7.3.1 Market Estimates & Forecast, By Metal Work Application, 2015 - 2025
7.3.2 Market Estimates & Forecast, By Metal Work Application, By Country, 2015 - 2025
7.4 Machine
7.4.1 Market Estimates & Forecast, By Machine Application, 2015 - 2025
7.4.2 Market Estimates & Forecast, By Machine Application, By Country, 2015 - 2025
7.5 Construction
7.5.1 Market Estimates & Forecast, By Construction Application, 2015 - 2025
7.5.2 Market Estimates & Forecast, By Construction Application, By Country, 2015 - 2025
Chapter 8 GCC Heat Treating Market: Regional Estimates & Trend Analysis
8.1 GCC Heat Treating Market, Regional Overview
8.2 Gulf Cooperation Council (GCC)
8.3 Gulf Cooperation Council (GCC)
8.3.1 GCC Heat Treating Market Estimates & Forecast, 2015 - 2025
8.3.2 GCC Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.3.3 GCC Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.3.4 GCC Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.3.5 GCC Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.4 Saudi Arabia
8.4.1 Saudi Arabia Heat Treating Market Estimates & Forecast, 2015 - 2025
8.4.2 Saudi Arabia Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.4.3 Saudi Arabia Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.4.4 Saudi Arabia Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.4.5 Saudi Arabia Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.5 Uae
8.5.1 Uae Heat Treating Market Estimates & Forecast, 2015 - 2025
8.5.2 Uae Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.5.3 Uae Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.5.4 Uae Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.5.5 Uae Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.6 Bahrain
8.6.1 Bahrain Heat Treating Market Estimates & Forecast, 2015 - 2025
8.6.2 Bahrain Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.6.3 Bahrain Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.6.4 Bahrain Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.6.5 Bahrain Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.7 Oman
8.7.1 Oman Heat Treating Market Estimates & Forecast, 2015 - 2025
8.7.2 Oman Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.7.3 Oman Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.7.4 Oman Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.7.5 Oman Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.8 Qatar
8.8.1 Qatar Heat Treating Market Estimates & Forecast, 2015 - 2025
8.8.2 Qatar Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.8.3 Qatar Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.8.4 Qatar Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.8.5 Qatar Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.9 Kuwait
8.9.1 Kuwait Heat Treating Market Estimates & Forecast, 2015 - 2025
8.9.2 Kuwait Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.9.3 Kuwait Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.9.4 Kuwait Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.9.5 Kuwait Heat Treating Market Estimates & Forecast, By Application, 2015 - 2025
8.10 Yemen
8.10.1 Yemen Heat Treating Market Estimates & Forecast, 2015 - 2025
8.10.2 Yemen Heat Treating Market Estimates & Forecast, By Material, 2015 - 2025
8.10.3 Yemen Heat Treating Market Estimates & Forecast, By Process, 2015 - 2025
8.10.4 Yemen Heat Treating Market Estimates & Forecast, By Equipment, 2015 - 2025
8.10.5 Yemen Heat Treating Market Estimates & Forecast, BY Application, 2015 - 2025
Chapter 9 Competitive Landscape
9.1 Vendor Lanscape
9.2 Strategy Framework
Chapter 10 Company Profiles
10.1 BLUEWATER THERMAL SOLUTIONS LLC
10.1.1 Company Overview
10.1.2 Financial Performance (USD MILLION)
10.1.3 Product Benchmarking
10.2 AMERICAN METAL TREATING, INC.
10.2.1 Company Overview
10.2.2 Financial Performance
10.2.3 Product Benchmarking
10.3 EAST-LIND HEAT TREAT, INC.
10.3.1 Company Overview
10.3.2 Financial Performance
10.3.3 Product Benchmarking
10.4 GENERAL METAL HEAT TREATING, INC.
10.4.1 Company Overview
10.4.2 Financial Performance
10.4.3 Product Benchmarking
10.5 SHANGHAI HEAT TREATMENT CO., LTD.
10.5.1 Company Overview
10.5.2 Financial Performance
10.5.3 Product Benchmarking
10.6 PACIFIC METALLURGICAL, INC.
10.6.1 Company Overview
10.6.2 Financial Performance
10.6.3 Product Benchmarking
10.7 NABERTHERM GMBH
10.7.1 Company Overview
10.7.2 Financial Performance
10.7.3 Product Benchmarking
10.8 UNITHERM ENGINEERS LIMITED
10.8.1 Company Overview
10.8.2 Financial Performance
10.8.3 Product Benchmarking
10.8.4 Strategic Initiatives
10.9 SECO/WARWICK S.A.
10.9.1 Company Overview
10.9.2 Financial Performance
10.9.3 Product Benchmarking
10.9.4 Strategic Initiatives
10.10 TRIAD ENGINEERS
10.10.1 Company Overview
10.10.2 Financial Performance
10.10.3 Product Benchmarking
10.11 BODYCOTE
10.11.1 Company Overview
10.11.2 Financial Performance
10.11.3 Product Benchmarking
10.11.4 Strategic Initiatives
10.12 PROCLAD GROUP
10.12.1 Company Overview
10.12.2 Financial Performance
10.12.3 Product Benchmarking
10.12.4 Strategic Initiatives
10.13 TRINITY HOLDINGS
10.13.1 Company Overview
10.13.2 Financial Performance
10.13.3 Product Benchmarking
10.14 RAWABI HOLDING
10.14.1 Company Overview
10.14.2 Financial Performance
10.14.3 Product Benchmarking
10.15 FLUOR CORPORATION
10.15.1 Company Overview
10.15.2 Financial Performance
10.15.3 Product Benchmarking
10.15.4 Strategic Initiatives
10.16 EASA SALEH AL GURG GROUP LLC (ESAG)
10.16.1 Company Overview
10.16.2 Financial Performance (USD MILLION)
10.16.3 Product Benchmarking
10.17 SANCO MIDDLE EAST LLC
10.17.1 Company Overview
10.17.2 Financial Performance
10.17.3 Product Benchmarking
10.18 WELDOTHERM GMBH
10.18.1 Company Overview
10.18.2 Financial Performance
10.18.3 Product Benchmarking
List of Tables Table 1 List of Abbreviation Table 2 Key international regulations & their impact on the heat-treating industry Table 3 GCC heat treating market estimates & forecast, by steel material, 2015 - 2025 (USD Million ) Table 4 GCC heat treating market estimates & forecast, by steel material ,by country, 2015 - 2025 (USD Million) Table 5 GCC heat treating market estimates & forecast, by cast iron material, 2015 - 2025 (USD Million ) Table 6 GCC heat treating market estimates & forecast, by cast iron material ,by country, 2015 - 2025 (USD Million) Table 7 GCC heat treating market estimates & forecast, by hardening and tempering process, 2015 - 2025 (USD Million ) Table 8 GCC heat treating market estimates & forecast, by hardening and tempering process ,by country, 2015 - 2025 (USD Million) Table 9 GCC heat treating market estimates & forecast, by case hardening process, 2015 - 2025 (USD Million ) Table 10 GCC heat treating market estimates & forecast, by case hardening process ,by country, 2015 - 2025 (USD Million) Table 11 GCC heat treating market estimates & forecast, by annealing process, 2015 - 2025 (USD Million ) Table 12 GCC heat treating market estimates & forecast, by annealing process ,by country, 2015 - 2025 (USD Million) Table 13 GCC heat treating market estimates & forecast, by normalizing process, 2015 - 2025 (USD Million ) Table 14 GCC heat treating market estimates & forecast, by normalizing process ,by country, 2015 - 2025 (USD Million) Table 15 GCC Heat Treating Market estimates & forecast, by fuel-fired furnace equipment, 2015 - 2025 (USD Million ) Table 16 GCC heat treating market estimates & forecast, by fuel-fired furnace equipment ,by country, 2015 - 2025 (USD Million) Table 17 GCC heat treating market estimates & forecast, by electrically heated furnace equipment, 2015 - 2025 (USD Million ) Table 18 GCC heat treating market estimates & forecast, by electrically heated furnace equipment ,by country, 2015 - 2025 (USD Million) Table 19 GCC heat treating market estimates & forecast, by automotive application, 2015 - 2025 (USD Million ) Table 20 GCC heat treating market estimates & forecast, by automotive application ,by country, 2015 - 2025 (USD Million) Table 21 GCC heat treating market estimates & forecast, by aerospace application, 2015 - 2025 (USD Million ) Table 22 GCC Heat treating market estimates & forecast, by aerospace application ,by country, 2015 - 2025 (USD Million) Table 23 GCC heat treating market estimates & forecast, by metal work application, 2015 - 2025 (USD Million ) Table 24 GCC heat treating market estimates & forecast, by metal work application ,by country, 2015 - 2025 (USD Million) Table 25 GCC heat treating market estimates & forecast, by machine application, 2015 - 2025 (USD Million ) Table 26 GCC heat treating market estimates & forecast, by machine application ,by country, 2015 - 2025 (USD Million) Table 27 GCC heat treating market estimates & forecast, by construction application, 2015 - 2025 (USD Million ) Table 28 GCC heat treating market estimates & forecast, by construction application ,by country, 2015 - 2025 (USD Million) Table 29 GCC heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 30 GCC heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 31 GCC heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 32 GCC heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 33 GCC heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 34 Saudi Arabia heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 35 Saudi Arabia heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 36 Saudi Arabia heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 37 Saudi Arabia heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 38 Saudi Arabia heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 39 UAE heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 40 UAE heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 41 UAE heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 42 UAE heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 43 UAE Heat Treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 44 Bahrain heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 45 Bahrain heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 46 Bahrain heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 47 Bahrain heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 48 Bahrain heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 49 Oman heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 50 Oman heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 51 Oman heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 52 Oman heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 53 Oman heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 54 Qatar heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 55 Qatar heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 56 Qatar heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 57 Qatar heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 58 Qatar heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 59 Kuwait heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 60 Kuwait heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 61 Kuwait heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 62 Kuwait heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 63 Kuwait heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million) Table 64 Yemen heat treating market estimates & forecast, 2015 - 2025 (USD Million ) Table 65 Yemen heat treating market estimates & forecast, by material, 2015 - 2025 (USD Million) Table 66 Yemen heat treating market estimates & forecast, by process, 2015 - 2025 (USD Million) Table 67 Yemen heat treating market estimates & forecast, by equipment, 2015 - 2025 (USD Million) Table 68 Yemen heat treating market estimates & forecast, by application, 2015 - 2025 (USD Million)
List of Figures Fig. 1 GCC Heat Treating Market Snapshot Fig. 2 GCC Heat Treating Market, 2018, (USD Million) Fig. 3 GCC Heat Treating Market Segmentation Fig. 4 GCC Heat Treating Market Revenue, 2015 - 2025 (USD Million) Fig. 5 Heat Treating Market driver impact Fig. 6 Heat Treating Market restraint impact Fig. 7 Value Chain Analysis: GCC Heat Treating Market Fig. 8 Porter's Five Forces Analysis: GCC Heat Treating Market Fig. 9 PESTEL Analysis: GCC Heat Treating Market Fig. 10 GCC Heat Treating Market Dynamics Fig. 11 GCC Heat Treating Market- By Materials (%) 2018, 2025 Fig. 12 GCC Heat Treating Market- By Process (%) 2018, 2025 Fig. 13 GCC Heat Treating Market- By Equipment (%) 2018, 2025 Fig. 14 GCC Heat Treating Market- By Application(%) 2018, 2025 Fig. 15 GCC Heat Treating Market-Regional Overview, 2018 (USD Million) Fig. 16 GCC Heat Treating Market Snapshot (2018, 2025) (Million) Fig. 17 GCC Heat Treating Market- By Application(%) 2018, 2025 Fig. 18 Saudi Arabia Crude Steel Production in Million tonnage (2016, 2027) Fig. 19 UAE Crude Steel Production (2016, 2017) (Mt) Fig. 20 Qatar GDP Consumption (2011 - 2017) (%) Fig. 21 Strategy Framework
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