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Heat Treating Market 2023- Market Brief Analysis, Market Size, Top Leading Companies, Share, Segmentation And Forecast To 2032
Heat Treating Market Analysis
Heat Treating Market Size, Growth Rate, And Forecast
The global heat treating market size is expected to grow from $98.73 billion in 2022 to $104.29 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heat treating market size is expected to grow to $123.20 billion in 2027 at a CAGR of 4.3%.
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Heat Treating Market Drivers
Increasing demand from end-user industries 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 aluminum body parts and strengthen engine and drivetrain components. The increasing automobiles manufacturing is expected to generate high demand for these heat treating.
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Heat Treating Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the heat treating market.
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Heat Treating Market Key Players
Major competitors in the heat treating market include 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.
The Business Research Company's "Global Heat Treating Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Heat Treating Market Include:
1. Executive Summary
2. Heat Treating Market Characteristics
3. Heat Treating Market Trends And Strategies
4. Heat Treating Market - Macro Economic Scenario
5. Heat Treating Market Size And Growth
.......
26. Africa Heat Treating Market
27. Heat Treating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heat Treating Market
29. Heat Treating Market Future Outlook and Potential Analysis
30. Appendix
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