Global Gas Nitriding Furnace Market: Executive Summary on Trends, Latest Developments, Growth Drivers & Risks, Favourite Brands, and Regional Leaders Overview (Includes Business Impact of COVID-19)

                                          
“Global Gas Nitriding Furnace Market by Product Type (Vacuum Gas Nitriding Furnace, Thermal Gas Nitriding Furnace), By Application (Automotive, Construction Equipment, Industrial Machinery, Aerospace, Others), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global Gas Nitriding Furnace market through systematic segmentation that covers every aspect of the target market.
The global gas nitriding furnace market is projected to be US$ 348.1 Mn in 2018 to reach US$ 802.3 Mn by 2028 at a CAGR of 8.7%.
Nitriding furnaces are used in the processing of nitriding metals using ammonia. Gas nitriding is a surface hardening process, in which nitrogen is diffused onto the surface of the metal, using dissociated ammonia as a source, to create a case-hardened surface. These processes are mainly used on low-carbon, low-alloy steels and other ferrous alloys to increase their wear-resistance, surface hardness and fatigue life. Alloys having aluminium gives maximum hardness and wear resistance. Gas nitriding is performed on finished components and is widely accepted since it gives excellent corrosion resistance against humid air and water, and hardness of up to 70 Rc, i.e. 950 to 1150 VPN.
			
Government regulations- Stringent government regulations regarding environmental sustainability and safer automotive, is propelling automotive OEMs towards building safe, clean and zero emission vehicles, thereby triggering the growth of the global gas nitriding furnace market. Furthermore, growth in aerospace industries is also expected to augment the growth of gas nitriding furnace market as several components used in aerospace industries from the crankshaft, shafts, gears to landing gears are called for controlled nitriding
Global Gas Nitriding Furnace Market Revenue (US$ Mn), 2018–2028
However, the high cost of gas nitriding process compared to heat treatment processes is expected to hamper the market growth. Nonetheless, strong growth of the automotive industry in developing economies, particularly in Asia Pacific region is expected to provide profitable opportunities to players in order to increase penetration in these untapped markets. Increasing innovations towards the development of new strong but light-weight alloys and compounds particularly in the Asia Pacific region is also another factor expected to further enhance the growth of the gas nitriding market over the coming years
Global gas nitriding furnace market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into vacuum gas nitriding furnace and thermal gas nitriding furnace. The thermal gas nitriding furnace segment accounts for the majority share and is expected to register the highest growth over the forecast period. On the basis of application, the market is segmented into automotive, construction equipment, industrial machinery, aerospace and others. The automotive segment accounts for a majority share in the global gas nitriding furnace market and is expected to register the highest growth over the forecast period, followed by aerospace.
Global Gas Nitriding Furnace Market by Formulation, 2018

Based on region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. The APAC accounts for the majority share in the global gas nitriding furnace market, owing to robust growth in end-user industries such as aerospace, heavy-duty machine industries, chemicals and gas industries. North America and Europe are expected to register the highest growth rate after APAC. Regions such as South America and MEA are expected to register stable growth over the forecast period.
The research report on the global gas nitriding furnace market includes profiles of some of the major companies such as Bodycote plc, Ipsen International GmbH, Seco/Warwick S.A., Solar Manufacturing, Inc., Surface Combustion, Inc., RÜBIG GmbH & Co KG and Premier Furnace Specialists, Inc.
Key Market Segments
Type

Vacuum Gas Nitriding Furnace
Well Type Gas Nitriding Furnace
Other

Application

Automotive
Construction Equipment
Industrial Machinery
Aerospace Industry
Other

Key Market Players included in the report:

Bodycote plc
Ipsen International GmbH
Seco/Warwick S.A.
Solar Manufacturing Inc.
Surface Combustion Inc.
RÜBIG GmbH & Co KG and Premier Furnace Specialists Inc


Key Insights Covered: Global Gas Nitriding Furnace  Market

1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Gas Nitriding Furnace  industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Gas Nitriding Furnace  industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Gas Nitriding Furnace  industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Gas Nitriding Furnace  industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Gas Nitriding Furnace  industry.

Research Methodology: Global Gas Nitriding Furnace  Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.