Press release
Heat Treating Market Report 2023-2032: Growth Analysis, Industry Share, Trends And Forecast | Bluewater Thermal Solutions, American Metal Treating Inc., East-Lind Heat Treat Inc., Pacific Metallurgical Inc., Nabertherm GmbH
Heat Treating Market
The Business Research Company's Heat Treating Global Market Report 2023 identifies Increasing demand from end-user industries as the major driver for the Heat Treating market's growth in the forecast period. 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.
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 market size of the heat treating market is expected to grow to $123.20 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the Heat Treating market are Bluewater Thermal Solutions, American Metal Treating Inc., East-Lind Heat Treat Inc., Pacific Metallurgical Inc., Nabertherm GmbH.
A key trend in the Heat Treating market includes Strategic partnerships and collaborations have emerged. Key players operating in the heat treating sector are focused on partnerships and collaborations to reinforce their position. For instance, in July 2022, AddUp, a US-based provider of complete industrial metal 3D printing solutions partnered with ECM Group, a France-based thermal solutions manufacturer. With this collaboration, both intend to develop thermal treatment solutions for items made with additive manufacturing.
Read More On The Global Heat Treating Market Report Here:
https://www.thebusinessresearchcompany.com/report/heat-treating-global-market-report
The Heat Treating market is segmented -
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
5. 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.
The Business Research Company's "Global Heat Treating Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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