Global Metal Heat Treatment Market 2017-2021
About Metal Heat Treatment
Metal heat treatment is a process that is used for changing the physical and chemical properties of metal to attain the desired engineered requirements. The process involves heating of metals in a furnace to change their metallurgical properties. Furnaces heat the metals up to 2,000-2,700°C following which the metals are subjected to different processes such as annealing, hardening, brazing, quenching, and carburizing. In the metal heat treatment process, the absence of air as well as other gases in the furnace averts heat transfer through convection, resulting in zero possibility of contamination.Technavio’s analysts forecast the global metal heat treatment market to grow at a CAGR of 5.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal heat treatment market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, and value.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Heat Treatment Market 2017-2021
Technavio recognizes the following companies as the key players in the global metal heat treatment market: Bluewater Thermal Solutions, General Metal Heat Treating, Keith, and Thermex Metal Treating.
Other Prominent Vendors in the market are: American Metal Treating (AMT), East-Lind Heat Treat, Engineered Heat Treat, Houston Heat Treat, Pacific Metallurgical, Paulo, THERMTECH, and Tri-J Heat Treating.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is lightweight materials used for automobile manufacturing. Governments across developed and developing countries are focusing more on factors such as environmental compatibility, preservation of resources, and safety. In response, automobile makers are beginning to build safer and cleaner cars such as zero emission vehicles.”
According to the report, one driver in the market is surge in automotive industry demand. Manufacturing of vehicles in the automotive industry involves the use of components such as piston mills, cam shifts, gears, and flywheels that are made of metals such as steel, aluminum, iron, and other alloys. For example, in any automobile, the parts used comprise 60%-70% iron and steel, 9% plastic, 6% aluminum, 3% glass, and 12% of other materials. Automobile manufacturing involves the application of various types of heat treatment and surface engineering processes in these materials to enhance the performance of automotive components.
Further, the report states that one challenge in the market is lack of continuous support and maintenance. Metal heat treatment equipment requires constant support and maintenance for effective calibration and improved productivity. Maintenance is an important part of deploying heat treatment equipment. In general, the maintenance cost increases exponentially with the increase in operating temperature and the severity of the process environment. These costs are a part of all heat treatment furnaces though they are often operated below their maximum temperature settings.
Bluewater Thermal Solutions, General Metal Heat Treating, Keith, Thermex Metal Treating, American Metal Treating (AMT), East-Lind Heat Treat, Engineered Heat Treat, Houston Heat Treat, Pacific Metallurgical, Paulo, THERMTECH, and Tri-J Heat Treating.