Metal Anodizing Market - Forecasts from 2023 to 2028

The metal anodizing market was evaluated at US$806.778 million in 2021 and will grow at a CAGR of 5.26% to be worth US$1,154.899 million by 2028.

The growing demand for aluminium in a range of industries is increasing the metal anodizing market size. The expansion of the market may also be connected to the increasing use of magnesium and zinc alloys. The Global Metal Anodizing Market is expanding due to factors such as high durability, wear resistance, and corrosion resistance. Additionally, despite offering a number of advantages, metal anodizing servicing and initial finishing costs are quite low.  Sulfuric acid anodizing, hard anodizing, and end chrome anodizing are all types of metal anodizing processes. Aluminium, magnesium, titanium, zinc, and other metals can all be anodized to create various products.

Rising demand for lightweight and corrosion-resistant components

Due to their expanding use in a wide range of industries, lightweight and anti-corrosion components are in higher demand in the metal anodizing market. These parts are recommended for usage in a variety of industries, such as automotive, medical, aerospace, and electronics, thanks to their lightweight qualities, durability, and affordability. An effective choice for companies that need corrosion-resistant components is anodizing, which entails adding an oxide coating to the surface of a metal that is resistant to corrosion and wear and tear.

Aluminium anodizing holds the highest market share

In order to strengthen the damage, rust, and abrasion resistance of aluminium components, anodizing is a typical method of metal surface treatment. By applying electricity to a metal dissolved in an electrolytic solution, an oxide layer is created on the metal's surface. Aluminium that has been anodized is stronger, more resilient, and more appealing.  One of the toughest surface treatments available, it improves aesthetic attributes, guards against corrosion, resists scratching, and is scratch-resistant. One of the most often utilised materials in the construction industry is anodized aluminium. Anodized components are widely employed in the construction of car parts as well as doors, bathroom fixtures, roofing, windows, and interior and external finishes for structures.

High demand in the automotive sector

One of the main industries driving the worldwide metal anodizing market is the automotive sector, which needs anodized components to increase the functionality, appeal, and longevity of its goods. In the automobile sector, anodizing is used to protect parts from corrosion and wear and tear, improve aesthetics, and shed weight. Because they provide a faster and smoother ride, anodized automotive components are also utilised to increase the performance of automobiles. The metal anodizing market is expanding as a result of the rising demand for anodized components in the automotive sector.

Increasing need for chemical conversion coating

An electrochemical technique called chemical conversion coating changes a metal component's surface properties by depositing chemicals there. A thin coating is created on metal using a sophisticated chemical process, making it corrosion-resistant. Along with increasing the overall quality of metalwork, it also prevents corrosion on metal surfaces exposed to extreme heat and humidity. Increased corrosion resistance and a homogenous, inert surface for powdered coating or paint adhesion are provided by chemical conversion coatings. They are often applied by brushing, spraying, or submerging in a chemical tank or bath., which will in turn drive the Metal anodizing market.

North America is projected to dominate the Metal anodizing market

During the projected period, the North American region is anticipated to lead the Metal anodizing market. This is due to the increased demand for metal anodizing services in the aerospace, automotive, and medical device industries. Additionally, the area is home to a sizable number of metal anodizing businesses that offer top-notch services at competitive prices. A significant portion of the world's auto, aircraft, and medical device industries are based in the US. Additionally, there are numerous metal anodizing businesses in the US that offer affordable, high-quality services. Moreover, the Canadian government has also implemented a number of incentives to encourage the growth of the metal anodizing industry.

High cost of raw material

One of the main reasons limiting the metal anodizing market size is the high cost of raw materials. Since raw materials are essential to the metal anodizing process, the price of raw materials has an impact on both the cost of production and the price of finished goods. As a result, the entire cost of the metal anodizing procedure rises significantly, which limits market expansion.

Lack of technological advancements

The efficient and effective operation of the metal anodizing process depends on technological breakthroughs. However, a significant development inhibitor in the metal anodizing market is the lack of technological advancement. The metal anodizing market is unable to benefit from recent advancements in the sector due to a lack of technological progress. This results in a rise in production costs and a drop in product quality.

Market key launches

• On March 2022, the introduction of 3.3 kV Silicon Carbide (SiC) power devices was announced by Microchip Technology. These gadgets aid with electric transportation, renewable energy, aviation, and other industrial applications since they are lightweight, tiny, and offer more efficient power solutions.  The 3.3 kV SiC power supplies from Microchip includes SBDs with the highest current limit of 90 amps and MOSFETs with the smallest RDS (on) in the field of 25 mOhm. SBDs and MOSFETs can be found in package or die form. These improved performance levels allow designers to streamline their work, build more powerful systems, and utilise fewer paralleled components for more compact, lightweight, and effective power solutions.
• In January 2022, The American Aluminium Association published a new technology roadmap, titled Aluminium for Automotive 2022, including short-, medium-, and long-term R & D goals to serve automotive clients in the aluminium industry. Aluminium suppliers, recyclers, automakers, decision-makers, non-governmental organisations, and other industry stakeholders are identified in the 2022 Aluminium Technology Roadmap for Automotive as major collaborative paths and priority opportunities to promote innovation over the following ten years.

Segmentation:

By Type

• Aluminum Anodizing
• Titanium Anodizing
• Magnesium Anodizing
• Zinc Anodizing
• Others

By Process

• Sulfuric Acid Anodizing
• Chromic Acid Anodizing
• Phosphoric Acid Anodizing
• Boric/Sulfuric Acid Anodizing

By Application

• Aerospace
• Building
• Computer Hardware
• Automotive
• Electronics
• Medical
• Marine
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Others