Project report for Heat Treatment Services

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Heat treating is a group of industrial, thermal and metalworking processes used to alter the physical, and sometimes chemical, properties of a material. In India it is most common application is metallurgical. Steel is a key material used in the metal heat treatment industry. Increasing use of steel in construction and machining applications is projected to positively impact segment growth over the forecast years. Other metals commonly used include aluminum, iron, copper, and nickel. Aluminum is expected to witness significant growth on account of increasing penetration of the metal in aerospace and automotive industries. The most commonly used processes for heat treatment include hardening and tempering, case hardening, and annealing. Case hardening is expected to witness significant growth over the forecast period due to growing popularity of carburizing, nitrding, and carbonitriding for surface hardening in metalworking and machining applications. Heat treatments are also used in the manufacture of many other materials, such as glass. Heat treatment involves the use of heating or chilling, normally to extreme temperatures, to achieve the desired result such as hardening or softening of a material. Heat treatment techniques include annealing, case hardening, precipitation strengthening, tempering, carburizing, normalizing and quenching. Although the term heat treatment applies only to processes where the heating and cooling are done for the specific purpose of altering properties intentionally, heating and cooling often occur incidentally during other manufacturing processes such as hot forming or welding.

Market potential & Strategy

The global Heat Treating market size was valued at USD 900.7 Crores in 2016 and is estimated to expand at a CAGR of 3.5% from 2017 to 2025. Growing penetration of Heat Treating applications in aerospace, automotive, construction, machining, and electrical and electronics industries is projected to act as the key market driver over the next eight years. Automotive and aerospace are two crucial application segments. Growing demand for heat treating services in aerospace can be attributed to rapidly increasing demand for commercial vehicles due to high aviation demand and rising air passenger traffic. Furthermore, upsurge in heat treating services for construction, primarily in Asia Pacific and Middle East and Africa, is projected to benefit overall heat treatment market growth. The metal heat treatment industry is highly energy intensive, as a result of which, industry participants face several constraints. Use of highly energy-inefficient equipment poses a threat to the environment and impacts operational efficiency. Use of outdated technology and process by small and medium players, primarily in emerging economies across Asia Pacific and Central and South America, is expected to hamper growth in the near future.

The global Heat Treating market is an amalgamation of operations involving heating, holding, and cooling of metal in the solid state for the purpose of obtaining a particular desirable surface modification or metallurgical properties. The market is projected to grow over the forecast period owing to wide range of applications in various industry verticals. Heat treatment is used to achieve surface hardening, increase ductility and softness, obtain fine grain size, improve cutting properties of tool steels, and improve electrical and magnetic properties. Rising need to develop superior-quality products is one of the major factors driving the market growth.

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