During the projected period of 2022 to 2032, the precipitation hardening market is anticipated to exhibit significant growth prospects with a CAGR of 8%.
Precipitation hardening is a heat treatment process, which is used to increase the yield strength of various alloys and non-ferrous materials. It is also known as age hardening process. The precipitation hardening process is one of the common process used in material processing and manufacturing industries owing to its various advantages such as, it provides relatively low distortion during heat treatment compares to other heat treatment processes, it increases tensile and yield strength of materials, for super-alloys it is known to cause yield strength anomaly, which can offer exceptional high temperature strength for materials.
Furthermore, the precipitation hardening process subjugated of three stages, solution treatment, quenching and ageing. In solution treatment an object is heated for a time ranging from 1 to 20 hours slightly before the eutectic point with a solution for dissolving of the material. After that the solution soaked metal has been quickly cool down to a room temperature. In the final stage the metal is again heated to a medium temperature and cooled quickly to enhance its properties.
Additionally, the precipitation hardening process is used for a range alloys and non-ferrous materials such as, stainless steel, aluminum, magnesium, nickel, titanium etc. It is used for hardening of various products including, processing equipment, engine parts, gate valves, shafts, plungers, gears, balls and bushings, valve stems, turbine blades, molding dies etc.
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Precipitation Hardening Market: Dynamics:
The precipitation hardening market is projected to have significant growth in the global market owing to growing demand for an efficient heat treatment process for machinery parts and components. The positive outlook of global aerospace and automotive industry is projected to lay a strong base for the robust growth of precipitation hardening market.
Furthermore, precipitation hardening process has various advantages over other heat treatment processes such as, it can enhance wear resistance of the metals, it can facilitate easy machinability, it does not cause distortion to the part, for super-alloys it is known to cause yield strength anomaly, which can offer exceptional high temperature strength for materials. These factors are expected to create significant growth opportunities for precipitation hardening in the market over the forecast period.
However, the precipitation hardening process is time consuming and costly process. It is also limited to alloys and non-ferrous materials, which is anticipated to hamper the growth of the market over the forecast period.
Precipitation Hardening Market: Market Participants:
Some of the market participants in the global precipitation hardening market are:
- Paulo
- Bodycote
- Wallwork Heat Treatment Ltd.
- Pilkington Metal Finishing
- Bluewater Thermal Solutions
- MSL Heat Treatment Limited
- Unitherm Group (Indo-German Vacu Treat Pvt. Ltd.)
- Irwin Automation Inc.
- Pacific Metallurgical, Inc.
- Thermex Metal Treating
- Hauck Heat Treatment Ltd
- Specialty Steel Treating
The research report presents a comprehensive assessment of the precipitation hardening market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The precipitation hardening market research report provides analysis and information according to market segments such as geographies, application, and industry.
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Key Segments
By Hardening Type:
- Coherency Strain
- Chemical
- Dispersion
By Material:
- Stainless steel
- Aluminium
- Magnesium
- Others
By End Use:
- Automotive industry
- Aerospace Industry
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- MEA
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