Global Metal Anodizing Market Is Estimated To Witness High Growth Owing To Increasing Demand for Corrosion Resistance
The global Metal Anodizing Market is estimated to be valued at US$ 757.51
million in 2021 and is expected to exhibit a CAGR of 5.92% over the forecast
period 2022-2030, as highlighted in a new report published by Coherent Market
Insights.
A) Market Overview:
Metal anodizing is a process that enhances the surface durability and corrosion
resistance of metals, particularly aluminum and magnesium. This process
involves an electrochemical method that creates a uniform oxide layer on the
surface of the metal. Metal anodizing offers various advantages such as
improved abrasion resistance, increased durability, enhanced aesthetic appeal,
and better adhesion for bonding processes. The need for products associated
with metal anodizing has risen due to the increasing demand for corrosion
resistance in industries such as automotive, aerospace, construction, and
electronics.
B) Market Key Trends:
One key trend in the global Metal Anodizing Market is the growing demand for
environmentally friendly anodizing processes. Traditional anodizing methods
involve the use of toxic chemicals such as chromic acid, which have adverse
environmental effects. However, there is a rising awareness and regulatory
pressure to adopt eco-friendly alternatives. This has led to the development of
new anodizing techniques such as sulfuric acid anodizing and hardcoat
anodizing, which are more environmentally sustainable. For example, sulfuric acid
anodizing is a widely used method that produces an oxide layer without the need
for toxic chemicals.
C) PEST Analysis:
Political: Governments worldwide are implementing strict regulations to control
the use of toxic chemicals in industrial processes. This has compelled
manufacturers to adopt eco-friendly anodizing methods.
Economic: The growth of industries such as automotive, aerospace, and
electronics is driving the demand for metal anodizing. The increasing
disposable income of consumers is further boosting the market growth.
Social: The rising awareness among consumers about the benefits of metal
anodizing, such as corrosion resistance and improved aesthetics, is fueling the
market demand.
Technological: Technological advancements in anodizing processes have led to
the development of new techniques that are more efficient and environmentally
friendly.
D) Key Takeaways:
1: The global Metal
Anodizing Market is expected to witness high growth, exhibiting a CAGR
of 5.92% over the forecast period, due to the increasing demand for corrosion
resistance. Metal anodizing enhances the surface durability and corrosion
resistance of metals, making them suitable for various industries such as
automotive, aerospace, construction, and electronics.
2: The Asia-Pacific region is expected to dominate the Metal Anodizing Market
due to the rapid industrialization and infrastructure development in countries
like China and India. Additionally, North America and Europe are witnessing
significant growth due to the presence of established automotive and aerospace
industries.
3: Key players operating in the global Metal Anodizing Market include 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. These companies focus
on technological advancements and sustainable anodizing processes to gain a
competitive edge in the market.
In conclusion, the global Metal Anodizing Market is expected to witness
substantial growth due to the increasing demand for corrosion resistance in
various industries. The adoption of environmentally friendly anodizing
processes and advancements in technology will further contribute to the market
growth. Complying with regulatory standards and focusing on sustainability will
be crucial for market players to thrive in this highly competitive market.
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