Coating, engraving, heat treating, and allied activities involves in varnishing, heat treating enameling, electroplating, hot dip galvanizing, coloring, anodizing, finishing, engraving, chasing or etching metals and metal products. These establishments coat engrave and heat treat metals & metal formed products fabricated at a different place. A coating is a covering applied to the surface of an object, generally referred to as the substrate. The purpose of applying the coating is decorative, functional, or both. Heat treatment is used to attain surface hardening, obtain fine grain size, increase ductility & softness, improve electrical & magnetic properties and improve cutting properties of tool steels.
According to study, “Coating, Engraving, Heat Treating, And Allied Activities Global Market Report 2019” the key companies operating in the global coating, engraving, heat treating, and allied activities market are Hy-Power Coatings Ltd, Rewire Automation Inc, Tilton Industries Inc, Metex Heat Treating Ltd., Metal Improvement Company Inc., Akzo Nobel N.V., BASF SE, DowDuPont, Axalta Coatings Systems, Eastman Chemical Company, Nippon Paints Holdings Co. Ltd., Kansai Paint Co., Ltd., PPG Industries Inc., Sherwin Williams Company, RPM International Inc., Bluewater Thermal Processing LLC, Engineered Heat Treat, Inc., American Metal Treating (AMT), Inc., East-Lind Heat Treat, Inc., General Metal Heat Treating, Inc., Houston Heat Treat, Pacific Metallurgical, Inc., Thermex Metal Treating Ltd., W. P. Keith Company, Inc.
Based on type, global coating, engraving, heat treating, and allied activities market is segmented into metal heat treating, engraving & allied services to manufacturers, metal coating, plating, electroplating, polishing, anodizing, and coloring. Based on heat treating process, market is segmented into case hardening, normalizing, annealing, hardening & tempering and others. Based on technology, market is segmented into solvent-borne coatings, waterborne coatings, high solids coatings, powder coatings, radiation curable coatings and others. Based on application, market is segmented into manufacture, automotive, industry and others.
The coating, engraving, heat treating, and allied activities market is driven by increase in construction activities, followed by rise in awareness about environmentally-friendly products, tremendous growth in the industrial sector, increase in the popularity of tilt-up concrete in the architectural industry, rise in per capita paint consumption, lower price & efficiency in use, increase in demand for wood coatings from emerging application sectors such as furniture, flooring, joinery, and others, increase in need to develop superior-quality products and durable coatings with better performance & aesthetics. However, volatility in raw materials cost & availability, stringent & time-consuming regulatory policies and reduced export demand from western economies may impact the market. In addition, development of bio-based coatings, growth in use of radiation cure coatings and investments in emerging markets are key opportunities of the market.
Based on geography, the Asian-Pacific region holds major share in coating, engraving, heat treating, and allied activities market owing to increase in new vehicle sales in rapidly developing countries such as India & China on account of growth in population and rise in disposable income. North-American region is expected to witness higher growth rate due to increase in use of vacuum and blast furnace in end-use industries for instance aerospace & automotive over the forecast period. With improved earning capacity and increase in positive economic outlook the scope & potential for the global market is anticipated to considerably rise in the forecast period.
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Ankur Gupta, Head Marketing & Communications