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Published: Jan, 2018 | Pages:
115 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The global heat treating market size is expected to reach USD 122.34 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 3.5% CAGR during the forecast period. Increasing penetration of metal treatment services in automotive, aerospace, construction, energy, and metalworking applications is expected to act as a key market driver over the forecast period. Steel is a key material used in the metal heat treatment industry. Increasing use of steel in construction and machining applications is projected to positively impact segment growth over the forecast years. Other metals commonly used include aluminum, iron, copper, and nickel. Aluminum is expected to witness significant growth on account of increasing penetration of the metal in aerospace and automotive industries. The most commonly used processes for heat treatment include hardening and tempering, case hardening, and annealing. Case hardening is expected to witness significant growth over the forecast period due to growing popularity of carburizing, nitrding, and carbonitriding for surface hardening in metalworking and machining applications. Automotive emerged as the dominant application segment in terms of market share in 2016. However, aerospace is expected to witness highest growth during the next eight years on account of a rapidly-growing aerospace industry in emerging economies worldwide. Companies in the domain including Bluewater Thermal Solutions; Bodycote Heat Treatments Ltd.; Summitglow Ltd.; Ajax Tocco International; and Metcor Inc. are involved in furnace manufacturing, treatment services, and surface treatment facilities. Further key findings from the report suggest: • The heat treating market was valued at USD 90.73 billion in 2016 and is expected to exhibit a CAGR of 3.5% from 2017 to 2025. The market is primarily driven by increasing demand for metal treatment services from key end-use verticals • The cast iron material segment was valued at USD 9.43 billion in 2016 and is projected to witness comparatively slower growth over the forecast period. This can be attributed to increasing use of other metals such as aluminum, copper, titanium, and nickel in various end-use industries • In 2016, the case hardening process segment was valued at USD 23.99 billion, expanding at the highest CAGR of 3.7% over the forecast period. This growth can be attributed to increasing use of carburizing for surface hardening as opposed to conventional hardening • Asia Pacific dominated the global market in terms of revenue; the market was valued at USD 34.21 billion in 2016 and is projected to expand at a CAGR of 3.9%. Rapid growth in key end-use industries across emerging economies of India, China, Indonesia, and Vietnam, among others is expected to benefit regional market growth over the forecast years • Key industry participants are engaged in technical collaborations, mergers with furnace manufacturers, and strategies to expand geographical reach in order to increase profit margins and application portfolios.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Heat treating market - Value chain analysis
3.3 Heat treating market - Equipment outlook
3.4 Technology Overview
3.4.1 Green Technology
3.5 Regulatory Framework
3.6 Heat treating market dynamics
3.6.1 Market Driver Analysis
3.6.2 Market Restraint Analysis
3.7 Heat Treating Market - Porter's Five Force Analysis
3.8 Heat Treating Market- PESTEL Analysis
3.9 Penetration & growth prospect mapping
Chapter 4 Heat Treating Market: Material Estimates & Trend Analysis
4.1 Material Movement Analysis & Market Share, 2016 & 2025
4.2 Steel
4.2.1 Heat treating market estimates and forecasts for steel, 2014 - 2025 (USD Million)
4.3 Cast iron
4.3.1 Heat treating market estimates and forecasts for cast iron, 2014 - 2025 (USD Million)
4.4 Others
4.4.1 Heat treating market estimates and forecasts for other materials, 2014 - 2025 (USD Million)
Chapter 5 Heat Treating Market: Process Estimates & Trend Analysis
5.1 Process Movement Analysis & Market Share, 2016 & 2025
5.2 Hardening & tempering
5.2.1 Heat treating market estimates and forecasts by hardening & tempering, 2012 - 2025 (USD Million)
5.3 Case Hardening
5.3.1 Heat treating market estimates and forecasts by case hardening, 2014 - 2025 (USD Million)
5.4 Annealing
5.4.1 Heat treating market estimates and forecasts by annealing, 2014 - 2025 (USD Million)
5.5 Normalizing
5.5.1 Heat treating market estimates and forecasts by normalizing, 2014 - 2025 (USD Million)
5.6 Others
5.6.1 Heat treating market estimates and forecasts by other processes, 2012 - 2025 (USD Million)
Chapter 6 Heat Treating Market: Equipment Estimates & Trend Analysis
6.1 Equipment Movement Analysis & Market Share, 2016 & 2025
6.2 Fuel-fired furnace
6.2.1 Heat treating market estimates and forecasts by Fuel-fired furnace, 2014 - 2025 (USD Million)
6.3 Electrically-heated furnace
6.3.1 Heat treating market estimates and forecasts by electrically-heated furnace, 2014 - 2025 (USD Million)
6.4 Others
6.4.1 Heat treating market estimates and forecasts by other equipment, 2014 - 2025 (USD Million)
Chapter 7 Heat Treating Market: Application Estimates & Trend Analysis
7.1 Application Movement Analysis & Market Share, 2016 & 2025
7.2 Automotive
7.2.1 Heat treating market estimates and forecasts in automotive, 2014 - 2025 (USD Million)
7.3 Aerospace
7.3.1 Heat treating market estimates and forecasts in aerospace, 2014 - 2025 (USD Million)
7.4 Metalworking
7.4.1 Heat treating market estimates and forecasts in metalworking, 2014 - 2025 (USD Million)
7.5 Machine
7.5.1 Heat treating market estimates and forecasts in machine, 2014 - 2025 (USD Million)
7.6 Construction
7.6.1 Heat treating market estimates and forecasts in construction, 2014 - 2025 (USD Million)
7.7 Others
7.7.1 Heat treating market estimates and forecasts in other applications, 2014 - 2025 (USD Million)
Chapter 8 Global Heat Treating Market: Regional Estimates & Trend Analysis
8.1 Region Movement Analysis & Market Share, 2016 & 2025
8.2 North America
8.2.1 North America heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.2.2 North America heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.2.3 North America heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.2.4 North America heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.2.5 North America heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.2.6 U.S.
8.2.6.1 U.S. heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.2.6.2 U.S. heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.2.6.3 U.S. heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.2.6.4 U.S. heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.2.6.5 U.S. heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.3 Europe
8.3.1 Europe heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.3.2 Europe heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.3.3 Europe heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.3.4 Europe heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.3.5 Europe heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.3.6 U.K.
8.3.6.1 U.K. heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.3.6.2 U.K. heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.3.6.3 U.K. heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.3.6.4 U.K. heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.3.6.5 U.K. heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.3.7 Germany
8.3.7.1 Germany heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.3.7.2 Germany heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.3.7.3 Germany heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.3.7.4 Germany heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.3.7.5 Germany heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.4 Asia Pacific
8.4.1 Asia Pacific heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.4.2 Asia Pacific heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.4.3 Asia Pacific heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.4.4 Asia Pacific heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.4.5 Asia Pacific heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.4.6 China
8.4.6.1 China heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.4.6.2 China heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.4.6.3 China heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.4.6.4 China heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.4.6.5 China heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.4.7 India
8.4.7.1 India heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.4.7.2 India heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.4.7.3 India heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.4.7.4 India heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.4.7.5 India heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.4.8 Japan
8.4.8.1 Japan heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.4.8.2 Japan heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.4.8.3 Japan heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.4.8.4 Japan heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.4.8.5 Japan heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.5 Central & South America
8.5.1 Central & South America heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.5.2 Central & South America heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.5.3 Central & South America heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.5.4 Central & South America heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.5.5 Central & South America heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.5.6 Brazil
8.5.6.1 Brazil heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.5.6.2 Brazil heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.5.6.3 Brazil heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.5.6.4 Brazil heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.5.6.5 Brazil heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.6 Middle East & Africa
8.6.1 Middle East & Africa heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.6.2 Middle East & Africa heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.6.3 Middle East & Africa heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.6.4 Middle East & Africa heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.6.5 Middle East & Africa heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
8.6.6 South Africa
8.6.6.1 South Africa heat treating market estimates and forecasts, 2014 - 2025 (USD Million)
8.6.6.2 South Africa heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million)
8.6.6.3 South Africa heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million)
8.6.6.4 South Africa heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million)
8.6.6.5 South Africa heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Chapter 9 Competitive Landscape
9.1 Competitive market positioning
9.2 Vendor landscape
9.3 Competitive environment
9.4 Strategic Analysis: Operational insights
Chapter 10 Company Profiles
10.1 Bluewater Thermal Solutions LLC
10.1.1 Company Overview
10.1.2 Financial Performance
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 Product Benchmarking
10.9 SECO/WARWICK Allied Pvt. Ltd.
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
List of Tables TABLE 1 Heat treating market forecasts for steel, 2014 - 2025 (USD Million) TABLE 2 Heat treating market forecasts for cast iron, 2014 - 2025 (USD Million) TABLE 3 Heat treating market forecasts for other materials, 2014 - 2025 (USD Million) TABLE 4 Heat treating market forecasts by hardening & tempering, 2014 - 2025 (USD Million) TABLE 5 Heat treating market forecasts by carburizing, 2014 - 2025 (USD Million) TABLE 6 Heat treating market forecasts by annealing, 2017 - 2025 (USD Million) TABLE 7 Heat treating market forecasts by normalizing, 2014 - 2025 (USD Million) TABLE 8 Heat treating market forecasts by other processes, 2014 - 2025 (USD Million) TABLE 9 Heat treating market forecasts by Fuel-fired furnace, 2014 - 2025 (USD Million) TABLE 10 Heat treating market forecasts via electrically-heated furnace, 2014 - 2025 (USD Million) TABLE 11 Heat treating market forecasts by other equipment, 2014 - 2025 (USD Million) TABLE 12 Heat treating market forecasts in automotive, 2014 - 2025 (USD Million) TABLE 13 Heat treating market forecasts in aerospace, 2014 - 2025 (USD Million) TABLE 14 Heat treating market forecasts in metalworking, 2014 - 2025 (USD Million) TABLE 15 Heat treating market forecasts in machine, 2014 - 2025 (USD Million) TABLE 16 Heat treating market forecasts in metalworking application, 2014 - 2025 (USD Million) TABLE 17 Heat treating market forecasts in other applications, 2014 - 2025 (USD Million) TABLE 18 North America heat treating market estimates, 2014 - 2025 (USD Million) TABLE 19 North America heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 20 North America heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 21 North America heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 22 North America heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 23 U.S. heat treating market estimates, 2014 - 2025 (USD Million) TABLE 24 U.S. heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 25 U.S. heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 26 U.S. heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 27 U.S. heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 28 Europe heat treating market estimates, 2014 - 2025 (USD Million) TABLE 29 Europe heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 30 Europe heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 31 Europe heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 32 Europe heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 33 U.K. heat treating market estimates, 2014 - 2025 (USD Million) TABLE 34 U.K. heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 35 U.K. heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 36 U.K. heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 37 U.K. heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 38 Germany heat treating market estimates, 2014 - 2025 (USD Million) TABLE 39 Germany heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 40 Germany heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 41 Germany heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 42 Germany heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 43 Asia Pacific heat treating market estimates, 2014 - 2025 (USD Million) TABLE 44 Asia Pacific heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 45 Asia Pacific heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 46 Asia Pacific heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 47 Asia Pacific heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 48 China heat treating market estimates, 2014 - 2025 (USD Million) TABLE 49 China heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 50 China heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 51 China heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 52 China heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 53 India heat treating market estimates, 2014 - 2025 (USD Million) TABLE 54 India heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 55 India heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 56 India heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 57 India heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 58 Japan heat treating market estimates, 2014 - 2025 (USD Million) TABLE 59 Japan heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 60 Japan heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 61 Japan heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 62 Japan heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 63 Central & South America heat treating market estimates, 2014 - 2025 (USD Million) TABLE 64 Central & South America heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 65 Central & South America heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 66 Central & South America heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 67 Central & South America heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 68 Brazil heat treating market estimates, 2014 - 2025 (USD Million) TABLE 69 Brazil heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 70 Brazil heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 71 Brazil heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 72 Brazil heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 73 Middle East & Africa heat treating market estimates, 2014 - 2025 (USD Million) TABLE 74 Middle East & Africa heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 75 Middle East & Africa heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 76 Middle East & Africa heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 77 Middle East & Africa heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) TABLE 78 South Africa heat treating market estimates, 2014 - 2025 (USD Million) TABLE 79 South Africa heat treating market estimates and forecasts, by material, 2014 - 2025 (USD Million) TABLE 80 South Africa heat treating market estimates and forecasts, by process, 2014 - 2025 (USD Million) TABLE 81 South Africa heat treating market estimates and forecasts, by equipment, 2014 - 2025 (USD Million) TABLE 82 South Africa heat treating market estimates and forecasts, by application, 2014 - 2025 (USD Million) List of Figures FIG. 1 Market snapshot FIG. 2 Market trends & outlook FIG. 3 Market segmentation & scope FIG. 4 Heat treating market - Value chain analysis FIG. 5 Heat treating market dynamics FIG. 6 Market driver relevance analysis (Current & future impact) FIG. 7 Car production in Asia Pacific FIG. 8 Market restraint relevance analysis (Current & future impact) FIG. 9 Porter's Five Forces Analysis FIG. 10 PESTEL Analysis FIG. 11 Penetration & growth prospect mapping FIG. 12 Heat treating market: Material movement analysis, 2016 & 2025 (%) FIG. 13 Heat treating market: Process movement analysis, 2016 & 2025 (%) FIG. 14 Heat treating market: Equipment movement analysis, 2016 & 2025 (%) FIG. 15 Heat treating market: Application movement analysis, 2016 & 2025 (%) FIG. 16 Global heat treating market: Regional movement analysis, 2016 & 2025 (%)
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