Press release
Automotive Industry Growth Drives Prosperity In Coating, Engraving, Heat Treating, And Allied Activities Market: Key Factor Driving The Growth In The Coated Engraved And Heat Treated Metal Products Market
Coated Engraved And Heat Treated Metal Products
What Is the Expected Coated Engraved And Heat Treated Metal Products Market Size During the Forecast Period?
The coated, engraved, and heat treated metal products market size has grown significantly. It will increase from $218.99 billion in 2024 to $232.07 billion in 2025 at a CAGR of 6.0%. This growth was underpinned by industrial growth, rising vehicle production, building applications, and demand in electronics.
The coated, engraved, and heat-treated metal products market is projected to grow steadily, reaching $279.58 billion by 2029 at a CAGR of 4.8%. This growth is driven by sustainable manufacturing practices, the demand for customization and personalization, emerging technologies, the use of lightweight materials, and urbanization and infrastructure development. Key trends include nanocoatings, laser engraving, heat treatment automation, multi-material integration, and recyclable and circular economy practices.
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What Are the High-Growth Segments in the Coated Engraved And Heat Treated Metal Products Market?
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:
1) By Heat Treated Metal Products: Tempered Metal Products, Annealed Metal Products, Hardened Metal Products, Quenched Metal Products, Other Heat Treated Metal Products
2) By Coated: Powder Coated Metal Products, Galvanized Metal Products, Paint Coated Metal Products, Electrostatic Coated Metal Products, Other Coated Metal Products
3) By Engraved Metal Products And Allied Services To Manufacturers: Laser Engraving, CNC Engraving, Rotary Engraving, Chemical Etching, Other Engraving Services
4) By Electroplated: Gold Electroplated Products, Silver Electroplated Products, Copper Electroplated Products, Nickel Electroplated Products, Other Electroplated Metal Products
5) By Plated: Chrome Plated Products, Zinc Plated Products, Tin Plated Products, Copper Plated Products, Other Plated Metal Products
6) By Polished: Mirror Polished Metal Products, Satin Polished Metal Products, High Gloss Polished Metal Products, Other Polished Metal Products
7) By Anodized: Aluminum Anodized Products, Titanium Anodized Products, Other Anodized Metal Products
8) By Colored Metal Products: Colored Aluminum Products, Colored Steel Products, Colored Copper Products, Other Colored Metal Products
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What Key Drivers Are Expected to Influence Future Coated Engraved And Heat Treated Metal Products Market Growth?
The coating, engraving, heat treating, and allied activities market has benefited from the growth of the automotive industry. Metals like steel, aluminum, and magnesium are essential in manufacturing automotive parts. For example, in April 2023, the Alliance for Automotive Innovation reported that light trucks accounted for 79% of all vehicle sales in March 2023, with vehicle production in the U.S. rising by 6% from January to February 2023. This increased demand for automobiles positively impacts the coating, engraving, and heat treating market.
Which Companies Hold the Largest Share Across Different Coated Engraved And Heat Treated Metal Products Market Segments?
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.
What Trends Are Driving Growth in The Coated Engraved And Heat Treated Metal Products Market?
Companies in the coated engraved and heat-treated metal products market are innovating with products like laser engraving devices to meet customer demands. In May 2023, Mr Carve, a Chinese manufacturer, launched the Mr Carve C2S Autofocus 20W Fiber Laser Engraver. This device offers precise engraving on metals, plastics, and other materials, providing high-quality results and enabling intricate designs that meet the needs of producers, designers, and artists in the metalworking industry.
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What Are the Emerging Geographies for The Coated Engraved And Heat Treated Metal Products Market Growth?
Asia-Pacific was the largest region in the coated, engraved, and heat-treated metal products marketing 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Coated Engraved And Heat Treated Metal Products Market?
2. What is the CAGR expected in the Coated Engraved And Heat Treated Metal Products Market?
3. What Are the Key Innovations Transforming the Coated Engraved And Heat Treated Metal Products Industry?
4. Which Region Is Leading the Coated Engraved And Heat Treated Metal Products Market?
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