Heat treatment has become the essential mode of producing components owing to its benefits in terms of rendering the much needed strength to the material. Industries in which the components need to be lighter and at the same time stronger are the major growth drivers for this market. The global market for industrial furnaces is expected to cross $16 billion by 2023, at a compound annual growth rate (CAGR) of more than 9 per cent.
Growth of the industrial furnaces market is being driven by the recurring demand for iron and steel accompanied by other significant materials and... >>More
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