Global Metal Anodizing Market, by Process (Sulfuric Acid Anodizing, Hard Anodizing, and Chromic Acid Anodizing), by Product Form (Anodized Aluminum, Anodized Magnesium, Anodized Titanium, Anodized Zinc, and Others), by Application (Building & Construction, Aerospace & Defense, Automotive, Electronic Appliances, Energy, Biomedical, Marine, Jewelry, Heavy Equipment, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), is estimated to be valued at US$ 757.51 Million in 2022 and is expected to exhibit a CAGR of 5.92% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights
Market Overview:
Metal anodizing is a process that enable aluminum and other related
alloys to grow a naturally durable, rust-resistant, and nonconductive aluminum
oxide coating. This layer can be colored and sealed to offer a finish that
combines beauty and functionality. Anodized products have extraordinarily long lifespans and offer
significant financial benefits compared to other finishes. Anodizing is
particularly well suited for items that will be exposed to harsh environments
or require frequent cleaning.
Competitive Landscape:
Alucol, HPL Stampings Inc., Kikukawa Kogyo Co., Ltd., Nihon Anodizing
Co., Ltd, Pailian Aluminium, Prototech Asia, Saporito Finishing Co., Techmetals
Inc., Tiodize, Inc., United Anodisers Limited, and Xometry Europe GmbH
Key Market Drivers:
Growing demand for metal anodizing from various manufacturing industries
is primarily driving growth of the metal anodizing market. Additionally, growing need for lightweight
and corrosion-resistant materials is again expected to fuel market growth.
The metal anodizing process improves the strength
and durability of metals. Moreover, rise in construction activities worldwide
is also anticipated to boost market growth.
Rising demand from automotive industry, where anodized aluminum can be
used to increase the life of automobile parts and reduce their weight is again
expected to foster market growth. Increasing need for lightweight and
corrosion-resistant metals in the automotive and aerospace industries is
particularly propelling metal anodizing market growth. Furthermore, growing need
to reduce fuel consumption and emissions, and to increase the lifespan of
aircraft are further anticipated to foster market growth.
Covid-19 Impact
Analysis
The global Metal
Anodizing Market witnessed a negative growth slope during the COVID-19
pandemic due to the imposed lockdown and social-distancing policy. This led to
the decline in demand and the temporary shutdown of various manufacturing
facilities across various countries. Therefore, the outbreak of the COVID-19
pandemic had negatively impacted market growth.
Key Takeaways:
The Metal
Anodizing Market is expected to exhibit a CAGR of 5.92% over the forecast period owing to the growing
demand for lightweight and corrosion-resistant materials. Also, rapid
urbanization and industrialization are again expected to augment the metal
anodizing market growth.
North America is expected to hold a dominant position in the market over
the forecast period owing to the presence of a large number of manufacturing
companies that use anodized metals. Moreover, strong presence of automotive and
aerospace industries are further fueling demand for anodizing in the region
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