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Report reveals drivers of growth in global vacuum heat-treatment market through 2020

London-based Technavio has forecast the global vacuum heat-treatment market to post a CAGR of more than 6 percent by 2020, according to its latest report.

The research study covers the present scenario and growth prospects of the global vacuum heat-treatment market for 2016-2020. Based on end user platform, the market is divided into the following segments: aerospace, automotive, industrial, and commercial.

According to Anju Ajaykumar, a lead unit operations research analyst from Technavio, “The market will be driven primarily by the rising demand for vacuum heat-treatment furnaces from APAC, followed by the Americas, over the next five years. Several developing countries in APAC, including India and China, will contribute to the demand for this technology.”

The report highlights the following three factors influencing the growth of the global vacuum heat-treatment market:

  1. Growth of copper and steel industries
  2. Increased demand from automobile industry in Asia and Africa
  3. Need for hardening dissimilar materials