Metal Heat Treatment Market Analysis, Overview and Forecasts 2016 - 2020
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- Date Submitted: 06/20/2016 09:56 PM
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Technavio Announces the Publication of its Research Report Global Metal Heat Treatment Market 2016-2020
Technavio recognizes the following companies as the 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
Browse Detail Report With TOC @
https://marketreportscenter.com/reports/300775/global-metal-heat-treatment-market-2016-2020
Commenting on the report, an analyst from Technavios team said: 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.
Further, the report states that one challenge that could hamper market...
Technavio recognizes the following companies as the 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
Browse Detail Report With TOC @
https://marketreportscenter.com/reports/300775/global-metal-heat-treatment-market-2016-2020
Commenting on the report, an analyst from Technavios team said: 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.
Further, the report states that one challenge that could hamper market...