Syndicated Research Studies

Heat Treating Market Growth & Trends The global heat treating market size is expected to reach USD 136.25 billion by 2030, expanding at a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research Inc. The growing automotive industry and the rising demand for heat-processed metals and alloys in industrial activities and the construction industry are expected to boost the demand over the forecast period. The COVID-19 pandemic has prompted companies to increase local manufacturing in the automotive industry. Moreover, an increase in the demand for environmentally-friendly heat-treating technologies such as vacuum heat treatment is expected to augment the demand over the forecast period. Heat treatment in aerospace manufacturing is an important process as it increases the strength of metals used, thereby increasing the weight to strength ratio of components. An increase in M&A activities and restructuring in the aerospace industry is expected to a...

Heat Treating Market Growth & Trends The global   heat treating market  size is expected to reach USD 136.25 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.4% from 2023 to 2030. The growing automotive industry and the rising demand for heat-processed metals and alloys in industrial activities and the construction industry are expected to boost the demand over the forecast period. Heat Treating Market Segmentation Grand View Research has segmented the global heat treating market based on material, process, equipment, application, and region: Based on the Material Insights, the market is segmented into Steel, Cast Iron and Others. Steel led the market and accounted for over 80.1% share of the global revenue in 2022. Growing demand for heat-treated steel parts in the construction industry, especially in the U.S., China, and India, is expected to propel the demand for heat treating for steel over the...