Steel Pipe Heat Treatment Market size was valued at USD 5.2 Billion in 2024 and is projected to reach USD 8.1 Billion by 2033, exhibiting a CAGR of 5.2% from 2026 to 2033.
The global steel pipe heat treatment market was valued at approximately USD 57.88 billion in 2023 and is projected to reach USD 84.22 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. This growth is driven by increasing demand across various industries, including oil and gas, construction, automotive, and aerospace, where enhanced mechanical properties and corrosion resistance are essential. The Asia Pacific region led the market with a revenue share of 39.6% in 2023, fueled by rapid industrialization and infrastructure development in countries like China, India, Japan, and South Korea. In India, the heat treating market was valued at USD 4.70 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2030, reaching USD 6.79 billion by 2030. This growth is attributed to the expanding automotive sector, which produced 25.9 million vehicles in FY23, and the increasing demand for heat treated materials in construction and aerospace industries. Opportunities in the Indian market include advancements in heat treatment technologies to meet the evolving needs of these industries and the development of energy efficient processes to align with environmental regulations.
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Hanwha
Tenova
Fives Group
SECO/WARWICK
Lindberg/MPH
Sunny Steel Enterprise
GHI HORNOS INDUSTRIALES
Carbolite Gero
SMS group
Bluewater Thermal
Infrared Heating Technologies
ANDRITZ
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steel Pipe Heat Treatment Market
Annealing
Normalizing
Quenching
Tempering
Stress Relieving
Oil & Gas
Construction
Aerospace
Automotive
Shipbuilding
Power Generation
Manufacturers
Distributors
Construction Companies
Energy Companies
OEMs (Original Equipment Manufacturers)
Small Diameter (< 6 inches)
Medium Diameter (6 - 12 inches)
Large Diameter (> 12 inches)
Carbon Steel
Alloy Steel
Stainless Steel
High-Strength Low-Alloy Steel (HSLA)
Other Specialty Grades
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steel Pipe Heat Treatment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Steel Pipe Heat Treatment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steel Pipe Heat Treatment Market, By Type
6. Global Steel Pipe Heat Treatment Market, By Application
7. Global Steel Pipe Heat Treatment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steel Pipe Heat Treatment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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