According to the business analysis report titled ‘Heat Treating Market Size By Material Type (Steel, Cast Iron), By Process (Carburizing, Nitriding, Hardening, Tempering, Normalizing, Annealing), By Equipment Type (Electrically Heated Furnace, Fuel-Fired Furnace), By Application (Automotive, Aerospace & Defense, Machinery, Construction & Infrastructure, Metals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027’, available with MarketStudyReport, heat treating market is projected to grow at an appreciable rate by 2027.
 

Industry experts cite that increasing demand for steel structural parts and aluminum body parts in vehicles to improve their fuel efficiency may boost the demand in global heat-treating market over the forecast period.
 

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For the uninitiated, heat treatment is an important aspect of the production process as it aids in either softening or hardening the metal and improve the physical properties of the vehicle body so that it can resist wear and tear.
 

Increased usage in aerospace, defense, and machining sectors also aid in driving the growth of the market during the aforementioned timeframe. However, expense borne for initial setup may impede the industry growth in the upcoming years.
 

Moving on to the market segmentation, based on the process, nitriding sub-segment is expected to record a CAGR exceeding 4.1% owing to increasing popularity of the process particularly in the automotive sector.
 

Speaking of the application spectrum, the machinery segment is anticipated to accumulate a sizable valuation by 2027 and record a CAGR of 3.2% during the stipulated time period. This can be ascribed to the anticipated surge in machine production to rapid progress of industries in emerging economies.
 

From a regional frame of reference, Middle East and Africa heating treatment market is anticipated to record a stable growth rate of 3.8% as a result of a rapid rise in domestic construction activities and metal industries.
 

The research report also conducts a deep-dive analysis on existing competitors in the industry, while divulging major developments concerning companies. For instance, Bodycote Heat Treatments Ltd., a reputed heat treatment and thermal processes service provider, acquired Ellison Surface Technologies in 2020 to strengthen its portfolio and foray into the aerospace sector.
 

Citing another major development, Advanced Heat Treat Corp (AHT), a major supplier of heat treatment services and metallurgical solutions, expanded its facilities in February 2019 with the intention of separating gas nitriding units from the plasma nitriding units to improve production capacity and serve more consumers.
 

Other key players analyzed within the heat treating market report are Premier Thermal Solutions, Summitglow Ltd., Team Inc., Thermex Metal Treating Ltd, Peters’ Heat Treating, Inc., Metal Heat Co., Ltd. Avdhoot Heat Treat Pvt. Ltd., Houston Heat Treat, Metcor, Inc., Bluewater Thermal Solutions, Nitrex, Euclid Heat Treating Co., and Specialty Heat Treating, Inc.