Base Year
Historical Year
Forecast Year
The India heat treating market is projected to reach a value of USD 5.46 billion in 2023. It is projected to grow at a CAGR of 7.1% between 2024 and 2032 to reach USD 10.11 billion by 2032.
Heat treating is being widely adopted to modify or enhance the properties of a particular application. Steel companies across India expose their steel towards heat treatment to change the uneven grains into uniform sizes and shapes and reduce their strength and toughness. The expansion of the automotive sector in India is significantly contributing to the growth of India heat-treating market. In FY23, the total annual production of automobiles in India was 25.9 million. According to the World Steel Organisation, about 900 kg of steel is used in a single vehicle. The automotive sector makes use of heat treating majorly to manufacture wheel bearings, gear, rings, shafts, and bushings.
The heat treatment of steel changes its properties, improving its hardness and enhancing other properties such as toughness and ductility. The improvement in such properties is important for the production of gears, tools, and other machine parts. Normalising, a kind of heat treatment, is carried out to improve the microstructure of metals.
The major steel producing states in India are Odisha, Jharkhand, West Bengal, and Chhattisgarh. Additionally, the major states with automobile production include Andhra Pradesh, Gujarat, Haryana, and Karnataka, among others. The increasing steel production for use in the automobile, aerospace and construction sectors in India is supporting the market for heat treating.
India Heat Treating Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Material
Market Breakup by Process
Market Breakup by Equipment
Market Breakup by Application
Market Breakup by Region
Based on region, the market is divided into North India, East and Central India, West India, and South India. Among these, West India is projected to be the fastest growing market, expanding at a CAGR of 7.8% during 2024-2032. Meanwhile, East and Central India is expected to grow significantly, due to the presence of a large number of metal working industries, significant automobile manufacturing, and increasing construction activities.
The market participants are integrating advanced technologies for precision and improved performance of metals with heat treatment.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Process |
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| Breakup by Equipment |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The heat treating market in India reached a value of USD 5.46 billion in 2023.
The market is estimated to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 10.11 billion by 2032.
The regions include North India, East and Central India, West India, and South India.
The different materials include steel, cast iron, and others.
The market is being driven by the growth of the construction sector, favourable government initiatives, expansion of the automotive and metalworking sectors, and advancements in technologies.
The processes include hardening and tempering, case hardening, annealing, normalising, and others.
The major classifications based on equipment include fuel-fired furnace, electrically heated furnace, and others.
The major applications of heat treating include automotive, aerospace, metalworking, machine, construction, and others.
The major players in the market are Uddeholm India, Kern-Liebers (India) Private Limited., Unitherm Engineers Limited, Ambattur Heat Treaters Pvt. Ltd., Super Heat Treatment Plant, Wesman Engineering Co. Pvt. Ltd., and Deck India Engineering Pvt. Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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