Global Coated Engraved And Heat Treated Metal Products Market Forecast 2023-2032: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
According to The Business Research Company’s Coated Engraved And Heat Treated Metal Products Global Market Report 2023, The global coated engraved and heat-treated metal products market is expected to grow from $199.13 billion in 2022 to $216.44 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The coated, engraved, and heat-treated metal products market is expected to grow to $291.53 billion in 2027 at a CAGR of 7.7%.
Asia-Pacific held the largest coated engraved and heat-treated metal products market share.
Coated Engraved And Heat Treated Metal Products Market Driver
During the historical period, the coating, engraving, heat treatment, and associated activities market benefited from the automotive industry’s rapid growth. Steel, aluminium, and magnesium, for example, are popular metals used in the automotive industry for body panels, engines, transmissions, and a variety of other elements. According to the India Brand Equity Foundation, automotive production expanded at a 2.36% CAGR between FY20, with the country producing 26.36 million vehicles. With 21.55 million vehicles sold, net domestic automobile sales climbed at a 1.29% CAGR in FY20. As a result, the increase in demand for autos during this time period benefited the coating, engraving, heat treating, and associated operations industry.
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Key Coated Engraved And Heat Treated Metal Products Market Segments
The global coated engraved and heat-treated metal products market 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
Coated Engraved And Heat Treated Metal Products Market Prominent Players
Major players in the coated engraved and heat-treated metal products market are Bodycote plc, Valmont Industries Inc., Voestalpine AG, Womble Company Inc., and NCI Building Systems Inc.
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Prominent Coated Engraved And Heat Treated Metal Products Market Trend
Companies involved in metal engraving, etching, and chasing are making extensive use of laser engraving system technology. Laser engraving and etching are non-contact processes that reduce surface damage, are long-lasting, and are safer than harmful solvents, inkjet, and acids. Laser engraving is faster than dot-peen marks and hand engraving. Its uses include electronic product labelling and coding (mobile phones, tablets, etc.), tool construction, and medical technology.
The Coated Engraved And Heat Treated Metal Products Global Market Report 2023 provides comprehensive insights on the coated engraved and heat-treated metal products market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the coated engraved and heat-treated metal products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
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