Market Overview:
The global furnace anneal market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for furnace annealing from various end-use industries, such as metallurgy, petrochemical industry, and others. In terms of type, the trolley annealing furnace segment is expected to lead the global furnace anneal market during the forecast period. This can be attributed to its ability to heat large objects and its low cost as compared with other types of furnaces. In terms of application, metallurgy is expected to lead the global Furnace Anneal Market duringthe forecast period owingtoits high demand from various end-use industries across different regions.
Product Definition:
A furnace anneal is a type of thermal treatment that is used to improve the mechanical properties of metals. The furnace anneal process involves heating the metal to a high temperature and then slowly cooling it down. This treatment can help to soften the metal, increase its strength and toughness, and improve its resistance to wear and tear.
Trolley Annealing Furnace:
Trolley Annealing Furnace (TAF) is a type of electric furnace used for heating and cooling metals. It's primary function is to heat the metal until it reaches its malleable temperature, after which it can be shaped or worked on. TAF uses annealing as a process to improve the hardness of steel by reducing its internal energy and increasing its strength.
Pit Annealing Furnace:
The pit annealing furnace is a type of electric furnace used to heat the metal parts in order to remove the internal stresses and strains that are caused during manufacturing or processing. The metal parts are heated up to temperature which is called as softening temperature, and then they are allowed to cool down gradually. This process is repeated several times until the desired strength & hardness is achieved.
Application Insights:
The metallurgy segment dominated the global furnace anneal market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this application can be attributed to increasing demand for steel from construction, automotive, energy generation sectors. In addition, growing preference for specialty steel alloys by manufacturers in order to enhance product properties is also likely to drive industry expansion over the next eight years.
Petrochemical industry was another prominent segment accounting for a share of 22% in 2017 owing to rising demand for polymers across various end-use industries including construction and transportation. Petrochemical manufacturers require chemical compounds that are suitable fro their processes which often demands furnaces annealing process as it helps reduce impurities present during manufacturing process thereby making polymer blend homogeneous & smooth laminar flow through reducing temperature fluctuations & improving productivity at reduced costs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Increasing demand for steel from various end-use industries such as construction, automotive, energy & power will drive the regional growth over the forecast period.
The metallurgy industry in Asia Pacific has witnessed significant growth owing to increasing demand for steel from various end-use industries such as construction and automotive coupled with growing investments by key players in developing countries of Asia Pacific region. This factor is anticipated to propel furnace Anneal Market growth over the projected period.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Growing popularity of nanotechnology-based products
- Rising demand from emerging economies such as China and India
- Proliferation of advanced manufacturing technologies
- Stringent government regulations to promote energy efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Furnace Anneal Market Research Report
By Type
Trolley Annealing Furnace, Pit Annealing Furnace, Box Annealing Furnace, Bell Annealing Furnace, Others
By Application
Metallurgy, Petrochemical Industry, Others
By Companies
ALD Vacuum Technologies, Inductotherm Corporation, Andritz, Ipsen, Tenova, Primetals Technologies, Aichelin Group, Despatch, Nachi-Fujikoshi, Mersen, Gasbarre Furnace, Surface Combustion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Furnace Anneal Market Report Segments:
The global Furnace Anneal market is segmented on the basis of:
Types
Trolley Annealing Furnace, Pit Annealing Furnace, Box Annealing Furnace, Bell Annealing Furnace, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metallurgy, Petrochemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALD Vacuum Technologies
- Inductotherm Corporation
- Andritz
- Ipsen
- Tenova
- Primetals Technologies
- Aichelin Group
- Despatch
- Nachi-Fujikoshi
- Mersen
- Gasbarre Furnace
- Surface Combustion
Highlights of The Furnace Anneal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Trolley Annealing Furnace
- Pit Annealing Furnace
- Box Annealing Furnace
- Bell Annealing Furnace
- Others
- By Application:
- Metallurgy
- Petrochemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Furnace Anneal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Furnace Anneal is a thermal annealing process that uses heat and pressure to improve the strength, toughness, and elasticity of metals.
Some of the key players operating in the furnace anneal market are ALD Vacuum Technologies, Inductotherm Corporation, Andritz, Ipsen, Tenova, Primetals Technologies, Aichelin Group, Despatch, Nachi-Fujikoshi, Mersen, Gasbarre Furnace, Surface Combustion.
The furnace anneal market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Furnace Anneal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Furnace Anneal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Furnace Anneal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Furnace Anneal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Furnace Anneal Market Size & Forecast, 2018-2028
4.5.1 Furnace Anneal Market Size and Y-o-Y Growth
4.5.2 Furnace Anneal Market Absolute $ Opportunity
Chapter 5 Global Furnace Anneal Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Furnace Anneal Market Size Forecast by Type
5.2.1 Trolley Annealing Furnace
5.2.2 Pit Annealing Furnace
5.2.3 Box Annealing Furnace
5.2.4 Bell Annealing Furnace
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Furnace Anneal Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Furnace Anneal Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Petrochemical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Furnace Anneal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Furnace Anneal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Furnace Anneal Analysis and Forecast
9.1 Introduction
9.2 North America Furnace Anneal Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Furnace Anneal Market Size Forecast by Type
9.6.1 Trolley Annealing Furnace
9.6.2 Pit Annealing Furnace
9.6.3 Box Annealing Furnace
9.6.4 Bell Annealing Furnace
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Furnace Anneal Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Petrochemical Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Furnace Anneal Analysis and Forecast
10.1 Introduction
10.2 Europe Furnace Anneal Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Furnace Anneal Market Size Forecast by Type
10.6.1 Trolley Annealing Furnace
10.6.2 Pit Annealing Furnace
10.6.3 Box Annealing Furnace
10.6.4 Bell Annealing Furnace
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Furnace Anneal Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Petrochemical Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Furnace Anneal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Furnace Anneal Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Furnace Anneal Market Size Forecast by Type
11.6.1 Trolley Annealing Furnace
11.6.2 Pit Annealing Furnace
11.6.3 Box Annealing Furnace
11.6.4 Bell Annealing Furnace
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Furnace Anneal Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Petrochemical Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Furnace Anneal Analysis and Forecast
12.1 Introduction
12.2 Latin America Furnace Anneal Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Furnace Anneal Market Size Forecast by Type
12.6.1 Trolley Annealing Furnace
12.6.2 Pit Annealing Furnace
12.6.3 Box Annealing Furnace
12.6.4 Bell Annealing Furnace
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Furnace Anneal Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Petrochemical Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Furnace Anneal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Furnace Anneal Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Furnace Anneal Market Size Forecast by Type
13.6.1 Trolley Annealing Furnace
13.6.2 Pit Annealing Furnace
13.6.3 Box Annealing Furnace
13.6.4 Bell Annealing Furnace
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Furnace Anneal Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Petrochemical Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Furnace Anneal Market: Competitive Dashboard
14.2 Global Furnace Anneal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALD Vacuum Technologies
14.3.2 Inductotherm Corporation
14.3.3 Andritz
14.3.4 Ipsen
14.3.5 Tenova
14.3.6 Primetals Technologies
14.3.7 Aichelin Group
14.3.8 Despatch
14.3.9 Nachi-Fujikoshi
14.3.10 Mersen
14.3.11 Gasbarre Furnace
14.3.12 Surface Combustion
