RnRMarketResearch.com includes Global Metal Heat Treatment Market 2016-2020 a new research reports in its store. The analysts forecast global metal heat treatment market to grow at a CAGR of 6.16% during the period 2016-2020.
Complete metal heat treatment market report is available at http://www.rnrmarketresearch.com/global-metal-heat-treatment-market-2016-2020-market-report.html .
One trend that is boosting market growth is the use of lightweight materials in automobile manufacturing. Stronger emission regulations and requirements for energy efficiency will lead to the production of lightweight vehicles in the next 20 years. For instance, the Mitsubishi concept XR-PHEV 2 is a lightweight SUV. This new PHEV is lightweight, compact, and highly fuel efficient. By reducing the weight of the vehicle, the amount of conventional steel used is significantly affected. It is expected that by the end of 2050, only one-fifth of the total materials used to manufacture a car will be conventional steel. High tensile steel and light metals (aluminum and magnesium) will gain importance. This factor will influence metal casting in the automobile industry for treating metals such as aluminum and high tensile steel.
According to the report, a key growth driver is the high demand for copper and steel. Copper and steel are two metals that are in high demand worldwide as they find extensive use in industrial and other applications. The global copper industry's capacity is expected to grow at a rate of 9% during the forecast period, while the global steel industry's capacity will grow at a rate of 7% during the same period.
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The report, Global Metal Heat Treatment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Metal heat treatment is a method used to change the physical and chemical properties of metals. Most metal components require thermal processing to change their metallurgical and physical properties to attain the desired engineering requirements for their intended use. Metal heat treatment involves the use of a vacuum furnace in which metals are heated to a particular temperature to change their metallurgical properties. Metal heating furnaces enable heating metals up to 1,100ºC-1,500ºC (centigrade) and subjecting them to different types of processes such as annealing, hardening and quenching, brazing, and carburizing. In metal heat treatment, the absence of air and other gasses in the furnace prevents heat transfer through convection, thereby eliminating the possibility of contamination. This process renders excellent surface finishing to heat-treated parts.
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The report covers the present scenario and the growth prospects of the global metal heat treatment market for 2016-2020. The revenue calculated is based on the demand from end-user industries.
Key players in the global metal heat treatment market: Bluewater Thermal, General Metal, Keith, and Thermex. 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.
Further, the report states that one challenge that could hamper market growth is stiff competition from regional players. There are more than 250 furnace companies worldwide that manufacture metal heat treatment equipment, 10% of which have very little influence on the market because of their low technical and production capabilities.
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