PUBLISHER: The Business Research Company | PRODUCT CODE: 1387552
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387552
“Coated Engraved And Heat Treated Metal Products Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on coated engraved and heat treated metal products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for coated engraved and heat treated metal products? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The coated engraved and heat treated metal products market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Coated, engraved, and heat-treated metal products encompass a category of metal items that undergo specific treatments in high-temperature environments. These treatments are designed to improve the metal's durability by increasing its hardness, making them suitable for a wide range of industrial applications.
The primary categories within this domain include heat-treated metal products, coated, engraved metal products, and a range of services offered to manufacturers. These services involve electroplating, plating, polishing, anodizing, and coloring of metal products. Heat-treated metal products undergo processes where metals are exposed to precise temperature conditions. These treatments can include spheroidizing, stress relief, quenching and tempering, and normalizing. Such heat-treated metal products find utility across diverse industries, including manufacturing and automotive applications.
The coated, engraved and heat-treated metal products market research report is one of a series of new reports from The Business Research Company that provides coated, engraved and heat-treated metal products market statistics, including coated, engraved and heat-treated metal products industry global market size, regional shares, competitors with a coated, engraved and heat-treated metal products market share, detailed coated, engraved and heat-treated metal products market segments, market trends and opportunities, and any further data you may need to thrive in the coated, engraved and heat-treated metal products industry. This coated, engraved and heat-treated metal products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The coated, engraved, and heat treated metal products market size has grown strongly in recent years. It will grow from $206.12 billion in 2023 to $217.87 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth witnessed during the historical period can be primarily attributed to factors such as industrialization, expansion within the automotive industry, applications in architectural sectors, and the demands arising from the consumer electronics industry.
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 $266.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
The anticipated growth in the forecast period is expected to be driven by various factors, including sustainable manufacturing practices, the emphasis on customization and personalization, the integration of emerging technologies, the use of lightweight materials, the effects of urbanization, and ongoing infrastructure development. Furthermore, significant trends to watch for in the forecast period encompass the adoption of nanocoatings, advancements in laser engraving techniques, increased automation in heat treatment processes, the integration of multiple materials, and a focus on recyclable and circular economy practices.
The market for coating, engraving, heat treating, and allied activities experienced significant growth during the historic period, driven by the rapid expansion of the automotive industry. Notably, various metals such as steel, aluminum, and magnesium are extensively employed in the automotive sector for manufacturing body panels, engines, transmissions, and various other components. For example, in April 2023, a report from the Alliance for Automotive Innovation, a US-based trade association, revealed that light trucks accounted for 79% of all sales in March 2023. Furthermore, the production of light vehicles in the United States saw a 6% month-to-month increase in February 2023, reaching a total of 873,247 vehicles (comprising 147,870 automobiles and 701,972 light trucks). As a result, the heightened demand for automobiles during this period had a positive impact on the market for coating, engraving, heat treating, and allied activities.
The expanding construction sector is anticipated to be a key driver of growth for the market of coated, engraved, and heat-treated metal products in the future. The construction industry encompasses a wide range of activities, including the planning, design, development, construction, renovation, and maintenance of physical structures and infrastructure. This industry often demands decorative and architectural metal elements that have been coated, engraved, or heat-treated to improve both their visual appeal and functionality. These elements can include items such as facade panels, railings, gates, and signage. For example, in February 2022, as per a report released by the Office for National Statistics, a UK-based administrative office under the United Kingdom Statistics Authority, the annual growth rate in the construction industry reached a remarkable 12.7% in 2021 compared to the previous year. Additionally, in December 2021, the monthly construction output volume saw a 2.0% increase. Consequently, the expanding construction industry is a driving force behind the growth of the market for coated, engraved, and heat-treated metal products.
Many developed and developing economies are contemplating the imposition of trade restrictions, and post-Brexit, trade barriers between the UK and other European nations are expected to rise. The US government has nullified the North American Free Trade Agreement (NAFTA), which established a trilateral trade bloc in North America. These shifts have the potential to intensify trade competition among countries and potentially reverse the trend of global free trade. This could have consequences for the demand for metal products, potentially limiting the expansion of the coating, engraving, heat treating, and allied activities market.
Companies engaged in metal engraving, etching, and chasing are increasingly adopting laser engraving system technology. Laser engraving and laser etching methods offer numerous advantages, including being contact-free, reducing surface damage, demonstrating durability, and providing a safer alternative to toxic solvents, inkjet printers, and acids. Laser engravings also offer the benefit of faster results compared to traditional methods such as hand engraving and dot-peen markings. These technologies find application in various industries, including electronics for product labeling and coding (e.g., mobile phones, tablets), tool manufacturing, and the field of medical technology.
Key players in the market for coated, engraved, and heat-treated metal products are actively engaged in the development of innovative solutions, such as laser engraving equipment, aimed at expanding their customer base, increasing sales, and boosting revenue. Laser engraving devices represent machinery that employs lasers to selectively remove minuscule layers of material from a surface, resulting in visible markings or intricate designs. A case in point is Mr Carve, a China-based manufacturer specializing in laser engraving devices, which introduced the Mr Carve C2S Autofocus 20W Fiber Laser Engraver in May 2023. The C2S offers a highly efficient and pragmatic solution for diverse engraving requirements, distinguished by its advanced features and precise controls. Setting itself apart from other engraving equipment on the market, the C2S exhibits the capacity to effortlessly and accurately engrave a wide range of materials, including metals, plastics, marble, stone, ceramic glaze, engineered wood, non-translucent silicone, and hardware materials. Equipped with a 1064 nm infrared pulse red laser and achieving a maximum depth of 0.3 mm, the C2S version excels in expeditiously and precisely etching metal, allowing for the swift creation of intricate designs on metal surfaces in a matter of seconds. This empowers manufacturers, designers, and artists to produce more elaborate designs and higher-quality products.
Major companies operating in the coated engraved and heat treated metal products market include 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.
The Asia-Pacific was the largest region in the coated, engraved, and heat-treated metal products marketing 2023. 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.
The countries covered in the coated engraved and heat treated metal products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The coated, engraved, and heat-treated metal products market consists of sales of tempering, brazing, and plating. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.