Gas Nitriding Furnace Market Infographics Description:
- The global gas nitriding furnace market was valued at US$ 377.0 Mn in 2019.
- Worldwide gas nitriding furnace market is projected to reach US$ 868.23 Mn in 2029 at a CAGR of 8.7% from 2020 to 2029.
- Amongst product types the thermal gas nitriding furnace type in the global gas nitriding furnace market is estimated to account for a majority revenue share of 63.8% in 2018 end, owing to robust growth in end use industries such as aerospace, heavy duty machine industries and chemical industries.
- Among all the application segments, the automotive segment is expected to register highest CAGR of over 9.8%, owing to stringent government regulations regarding environment sustainability and safer automotive, is propelling automotive OEMs towards building safe, clean and zero emission vehicles is propelling the segment growth.
- Asia Pacific market is expected to dominate the global gas nitriding furnace market and is expected to account for the largest market revenue share as compared to that of markets in other regions.
- Companies profiled in the report are Bodycote PLC, Ipsen International GmbH, Seco, Solar Manufacturing Inc., Surface Combustion, Inc., RÜBIG GmbH & Co KG, Premier Furnace Specialists, Inc., NItrex Metal, etc.