METAL ANODIZING MARKET ANALYSIS

Metal Anodizing MarketSize and Trends

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).

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.

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