The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing end-user demand is expected to drive innovation in heat treating manufacturing, propelling the market during the forecast period.

The global heat treating market 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 heat treating market size is expected to grow to $123.20 billion in 2027 at a CAGR of 4.3%.

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Global Heat Treating Market Segments Include:

• By Material: Steel, Cast Iron, Other Material Types
• By Equipment: Electrically Heated Furnace, Fuel-Fired Furnace, Other Equipment
• By Process: Carburizing, Nitriding, Hardening, Tempering, Normalizing, Annealing, Other Processes
• By End-Users: Automotive, Aerospace, Machinery, Construction, Metals, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global heat treating market in 2021.

Major Market Players 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.

Strategic collaborations and partnerships have emerged as key trends gaining traction in the heat treating market. Key players in the heat treating industry are focusing on partnerships and collaborations to strengthen their positions. For example, in July 2022, AddUp, a US-based provider of complete industrial metal 3D printing solutions, partnered with ECM Group, a French manufacturer of thermal solutions. Both parties intend to use this collaboration to develop thermal treatment solutions for items created using additive manufacturing.

The Heat Treating Global Market Report 2023  provides a heat treating market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The heat treating market forecast analyzes heat treating market size, heat treating market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Heat treatment is the process of heating metals in order to improve their properties, strengthen them, and create alloys. Heat treated parts are required for the proper operation of automobiles, aircraft, spacecraft, computers, and heavy equipment of all types.

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