The coated, engraved and heat treated metal products market consists of sales of products derived from coating, engraving, heat treating, and allied activities by entities (organizations, sole traders or partnerships) that heat treat metals and metal products; enamel, lacquering, and varnishing metals and metal products; hot dip galvanize metals and metal products; engrave, chase or etch metals and metal products (except jewelry; personal goods carried on or about the person, such as compacts and cigarette cases, precious metal products (except precious plated flatware and other plated ware) and printing plates); powder coat metals and metal products; electroplate, plate, anodize, color, and finish metals and metal products; and/or provide other metal surfacing services for the trade. Establishments in this industry coat, engrave, and heat treat metals and metal formed products fabricated elsewhere. The coated, engraved and heat treated metal products market is segmented into heat treated metal products; coated, engraved metal products and allied services to manufacturers; and electroplated, plated, polished, anodized, and colored metal products.
The global coated, engraved, and heat treated metal products market is expected to grow from $177.44 billion in 2020 to $193.84 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $247.71 billion in 2025 at a CAGR of 6%.
