The Heat Treating Market: Metal and ceramic materials are subjected to heat treatment procedures to enhance their natural properties and economic life. The global construction market is expanding due to rapid urbanization and ongoing infrastructure projects. Due to the construction industry's rapid expansion, there will be an increase in the demand for machinery and equipment. Heat-treated products are designed and customized to provide high-quality, high-tolerance materials. Market Dynamics: Growing aviation sector and rising automobiles sales worldwide drives the global market. The aerospace industry's explosive growth is driving the global heat treating market. The aerospace industry will also profit from modern infrastructure and improved regional connectivity. In order to enhance the efficient use of various components in the automotive industry, there is an increasing demand for heat treatment due to rising global vehicle sales. The heat-treating process is also used to enhance the thermomechanical behavior of alloys based on nickel-titanium (Ni-Ti). It helps improve the machinability and surface properties and increases metals' strength, hardness, and wear resistance. Key Highlights: The global heat treating market was valued at USD 97.83 billion in 2021. It is projected to reach USD 142.04 billion by 2030, growing at a CAGR of 4.23% during the forecast period (2022–2030). Based on material, the market is divided into steel, cast iron, and others. Steel is the market leader and source of the most significant portion of global revenue rising. Based on the process, the market is divided into hardening and tempering, case hardening, annealing, normalizing, and others.The case hardening segment owns the highest market share and is anticipated to grow during the forecast period. Based on equipment, the market is categorized into fuel-fired furnaces, electrically heated furnaces, and others. Electrically heated furnaces lead the global heat treating market and are the source of the most considerable portion of worldwide sales. Current administration policy would like to see electric over fossil fuel. Based on application, the market is divided into automotive, aerospace, metalworking, machine, construction, and others. The automotive segment is dominant due to the expanding EV market and rising demand for greener technologies that provide energy-efficient heat treatment. Asia-Pacific is the largest shareholder in the global heat treating market. When I entered the 4 year apprenticeship at the Watervliet Arsenal, I had no idea what I was getting myself into. So many different materials, processes, and equipment to learn! But it was exciting and still is. 30 plus years experience. https://lnkd.in/gackyPjc
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Global Executive Leader Focused on Driving Business & Digital Transformation | Board Member | Speaker | Advocate for Women in Energy & STEM
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