Overview and Scope
Coated, engraved, and heat-treated metal products refer to types of products that are formed by treating metals in a hot environment to enhance the wear resistance of the metal by making it harder and are used in various types of industrial activities.
Sizing and Forecast
The coated, engraved, and heat treated metal products market size has grown strongly in recent years. It will grow from <b>$206.12 billion in 2023 to $217.87 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. </b> The growth in the historic period can be attributed to industrialization, automotive industry growth, architectural applications, consumer electronics.
The coated, engraved, and heat treated metal products market size is expected to see strong growth in the next few years. It will grow to <b>$266.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. </b> The growth in the forecast period can be attributed to sustainable manufacturing, customization and personalization, emerging technologies, lightweight materials, urbanization and infrastructure development. Major trends in the forecast period include nanocoatings, laser engraving, heat treatment automation, multi-material integration, recyclable and circular economy practices.
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Segmentation & Regional Insights
The coated engraved and heat treated metal products market covered in this report is segmented –
1) By Type: Heat Treated Metal Products, Coated, Engraved Metal Products and Allied Services to Manufacturers, Electroplated, Plated, Polished, Anodized, and Colored Metal Products
2) By Treatment: Spheroidizing, Stress Relieving, Quenching and Tempering, Normalizing
3) By Application: Manufacturing, Automotive, Other Applications
Subsegments Covered:, Solvent-Borne Coatings, Water-Borne Coatings, High Solids Coatings, Powder Coatings, Radiation Curable Coatings, Others
The <b>Asia-Pacific</b> was the largest region in the coated, engraved, and heat-treated metal products marketing 2022. North America was the second-largest region in the coated, engraved, and heat-treated metal products market. The regions covered in the coated, engraved and heat-treated metal products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The coating, engraving, heat treating, and allied activities market have benefitted from the rapid growth in the automotive industry during the historic period. For instance, steel, aluminium, and magnesium are some of the metals commonly used in the automotive industry for manufacturing body panels, engines, transmissions, and numerous other parts. For instance, in April 2023, according to a report published by the Alliance for Automotive Innovation, a US-based trade association, sales of light trucks made up 79% of all sales in March 2023. Production of light vehicles in the United States rose by 6% from one month to the next in February 2023, totalling 873,247 vehicles (147,870 automobiles and 701,972 light trucks). Therefore, the rise in demand for automobiles during this period, positively impacted the coating, engraving, heat treating, and allied activities market.
Key Industry Players
Major companies operating in the coated engraved and heat treated metal products market include <b> Bodycote plc, Valmont Industries Inc., Voestalpine AG, Womble Company Inc, NCI Building Systems Inc., Industrial Steel Treating Company, Foresight Finishing LLC, Queen City Steel Treating Co., S.M. Engineering & Heat Treating Inc., General Metal Heat Treating Inc., Scarrott Metallurgical Company, Accurate Steel Treating, Rizhao Steel, CITIC Limited, Fangda Steel, Liuzhou Steel, Inner Mongolia Baotou Steel Union Co. Ltd., Summit Stairs and Millwork of Charlotte Inc., Fini USA Corp., Qure Medical, Cap Yarns LLC, Oldcastle Glass, Wikoff Color Corporation, C-A-T Resources LLC, C.M. Steel Inc., Ambassador Packaging Inc., Superior Washer & Gasket Corp, PBI Products Inc., Hy-Power Coatings Ltd, Tilton Industries Inc, Aalberts Industries N.V., American Roller Company, ArcelorMittal, BlueScope Steel Limited, Canam Group Inc.</b>
The coated engraved and heat treated metal products market report table of contents includes:
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