Global Vacuum Furnace Market: Analysis By Process (Brazing, Hardening, Carburizing, Others), Application (Aerospace, Automotive, Tool & Die, Power, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)

Date: 1 November 2019

According to a research report published by Azoth Analytics in October 2019, the Global Vacuum Furnace Market was valued at USD 689.64 Million in the year 2018. Key factors for high demand of Vacuum Furnace include rise in investments in vehicle manufacturing plants from the developed and developing countries, owing to factors such as growing population and the growth in disposable incomes. The global Vacuum Furnace market is mostly driven by its popularity among various end-user industries like aviation, automobile, chemical, power and others. Moreover, vendors are rapidly focusing on collaborating heat treatment processes like carburizing, quenching, tempering among others with additive manufacturing (AM), since it will help in minimizing the cost of production of metallic products, with specific metallurgical properties, which is augmenting the demand.

The Azoth Analytics research report titled ‘Global Vacuum Furnace Material Market’ has analysed and segmented the Vacuum Furnace Material Market by Process Type (Brazing, Hardening, Carburizing, Others) and by Application Type (Aerospace, Automotive, Tool & Die, Power, Others). The Global Vacuum Furnace Material Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, France, United Kingdom, China, Japan, South Korea) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Heat treatment processes performed by conventional methods releases too much of harmful gases which causes threat to human beings as well as to nature. Vacuum furnaces are proving a boon to nature since they are isolated from environment. Thus, vacuum furnaces are considered to be an eco-friendly heat treatment equipment. There are multiple industries that utilize machine tools, dies, metal cutting machines, and metal forming machines for manufacturing the required products. Also, several manufacturers use vacuum heat treatment processes to enhance the mechanical and metallurgical properties of various metals and alloys that are used for specific manufacturing purposes.

The Vacuum Furnace market is anticipated to witness the highest growth in the Asia Pacific region during the forecast period of 2019-2024; especially in countries such as South Korea, China, Japan and India as these countries offer large investment opportunities for major market players operating in the heat treatment process technology.