Market Overview:
The metal anodizing market comprises components and products related to anodizing of metals such as aluminium, zinc, magnesium and titanium. Anodizing increases the thickness of the oxide layer and enhances properties such as corrosion resistance, hardness and wear resistance of the metals. It is extensively used for architectural, automotive, electronics components and industrial applications.
Market key trends:
One of the key trends in the metal anodizing market is the growing demand for aluminium anodizing from automotive and aerospace industries. Aluminium anodizing provides protection against corrosion and wear and improves aesthetic appeal. With growth in automotive and aerospace manufacturing industries worldwide, the demand for anodized aluminium parts and components is increasing significantly. Aluminium anodizing has gained widespread acceptance in auto components such as gears, pistons, brake pads, transmission parts due to its light weight and corrosion resistance properties.
Anodizing increases the thickness of the aluminum oxide layer, improving the overall corrosion resistance of the aluminum surface. When properly sealed and maintained, this aluminum oxide layer protects the underlying aluminum from corrosion caused by outdoor exposure, harsh chemicals, abrasion or other destructive conditions. Anodizing also enhances hardness (8-10% increase in Vickers hardness), lubricity, dyeability and ability to attach magnets to the aluminum surface compared to bare aluminum. Typical applications of anodized aluminum include architectural components, automotive and aerospace parts, electronic hardware enclosures and heat sinks, consumer and decorative goods, and industrial equipment components among others.
Segment Analysis
The global Metal Anodizing Market Demand can be segmented into type, end-use industry, and region. Based on type, the product segment dominated the market in 2022 and accounted for around 40% market share. Product segment is further divided into aluminum, titanium, magnesium, and others. Aluminum segment dominated other segments due to its wide applications across end-use industries like automotive, aerospace & defense, construction, and industrial equipment manufacturing, among others.
Key Takeaways
The global metal anodizing market is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period, due to increasing demand from end-use industries like automotive, aerospace & defense, and construction.
Regional analysis
North America dominated the global metal anodizing market in 2022 and accounted for around 35% share of the overall market. The region is expected to continue its dominance during the forecast period due to the strong presence of automotive, aerospace & defense industries in the US and Canada. Asia Pacific is expected to witness the fastest growth during the forecast period owing to the rapid development of end-use industries in China, India, and other Asian countries.
Key players
Key players operating in the metal anodizing market are 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. The global metal anodizing market is moderately fragmented with the presence of several regional and global players. These key players are adopting strategies like acquisitions, partnerships, and expanding their production facilities to strengthen their foothold in the global market.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
