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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