METAL ANODIZING MARKET ANALYSIS

Metal anodizing is an electrochemical process that converts the metal surface into a durable, decorative, corrosion-resistant, and anodic oxide finish. Anodizing is most commonly used for improved corrosion resistance on certain types of aluminum alloys. Types of process required for metal anodizing include sulfuric acid anodizing, hard anodizing, and chromic acid anodizing. Whereas, products involved in metal anodizing are anodized aluminum, anodized magnesium, anodized titanium, anodized zinc, and others.

Global metal anodizing market was valued at US$ 757.51 Million in 2021, in terms of revenue, exhibiting a CAGR of 5.92% during the forecast period (2022 to 2030).

Drivers

Advantages of anodizing have been driving the target market growth. Metal anodizing is an electrochemical process that converts metal surfaces into a durable corrosion-resistant product and increase the natural oxide layer.  Some of the major benefits offered by anodizing a metal include corrosion resistant, erosion resistant, abrasion resistant, and can be used for dyeing, increased adhesion. Due to these benefits offered over conventional metal, anodized metals are expected to increase in demand during the forecast period.

Moreover, with the emergence of industrial 4.0 technologies such as industrial robots, IoT, etc., various industries have witnessed substantial increase in productivity and efficiency. Advantages offered by Industrial 4.0 include increased productivity, improved efficiency, collaborative working, enhanced flexibility and agility, and reduces costs. This is expected to be a prominent opportunity for manufacturers to focus on. For instance, Galvatek, a Finland-based company, focused on plant automation, offered its services to some of the leading giants such as ABB, Rolls-Royce, and Ericsson.

Global metal anodizing market was expected to cross US$ 800 million in terms of revenue in 2021, however, persistent lockdown in first and second quarter of FY 2020 has led to decline in sales which led to US$ 771.7 Mn in 2020. With majority of the industrial production activity (parent market) is considered as ‘non-essential’, most manufacturing companies were either shutdown or operating at minimum capacity in earlier phase of FY 2020. This had an adverse impact on the operations of metal anodizing companies.

Figure 1. Global Metal Anodizing Market Value Share (%), By Region, 2021

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Market Restraints

Unfavourable geographic and political conditions could impact overall sales revenue of global metal anodizing market growth. These factors therefore hinder the market growth of metal anodizing.

Market Trends

Focus on gaining new long term contracts is current target market trend. Various companies are targeting hotels and other tourism-based facilities in order to gain more contracts. For instance, in November 2019, Alucol, an aluminium anodizing company, was awarded an anodizing project by Nhow RAI hotel in Amsterdam

On the basis of process, in 2021, sulfuric acid anodizing segment accounted for 56.90% of the revenue share. Sulfuric acid provides type II and type III coatings. It can be applied on 1100, 2000, 3000, 5000, 6000, and 7000 aluminium series. Optical components, hydraulic valve bodies, military weapons, mechanical hardware, and electronic enclosures are few end-use applications of sulfuric acid anodize. Black, red, blue, green, grey, brown, and gold are few colors available with sulfuric acid anodize.

Figure 2. Global Metal Anodizing Market Value Share (%), By Process, 2021

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Recent Developments

• On March 21, 2022, Microchip Technology announced the launch of 3.3 kV Silicon Carbide (SiC) power devices. These devices are small, light, provide more efficient power solutions, and help in electrified transportation, renewable energy, aerospace, and other industrial applications.
• In November 2020, Infenion, a German-based semiconductor manufacturer expanded their supply base for silicon carbide with GT Advanced Technologies, a leading producer of silicon carbide and sapphire. With this expansion, the company will be able to supply SiC boules in the global market.
• In June 2020, Infenion, a German-based semiconductor manufacturer launched a new silicon carbide module with high efficiency and high power density and performance. for electric vehicles.

Competitive Section

Major 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.