Global Metal Anodizing Market was valued at US$ 757.51 million in 2021, According to Metal Anodizing Market Report, by Process (Sulfuric Acid Anodizing, Hard Anodizing, and Chromic Acid Anodizing), by Product Form (Anodized Aluminum, Anodized Magnesium, Anodized Titanium, Anodized Zinc, and Others), by Application (Building & Construction, Aerospace & Defense, Automotive, Electronic Appliances, Energy, Biomedical, Marine, Jewelry, Heavy Equipment, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global metal anodizing market was valued at US$ 757.51 Million in 2021. Metal Anodizing market is expected to register a CAGR of 5.92% over the forecast period (2022-2030), to reach US$ 1268.9 Million by 2030.
Metal anodizing is used in a wide range of computer hardware components. It is used to protect the metal from corrosion and also to improve the appearance of the component. Metal anodizing can be done in different colors, so it can be used to create visually appealing components. Additionally, it can also help to improve the durability and lifespan of the component. Some of the most common computer hardware components that use metal anodizing include motherboards, graphics cards, power supplies, and cases. By using metal anodizing on the motherboard, manufacturers can not only improve its appearance but also its durability.
In initial phase of 2020, most of the manufacturing companies were either shutdown or operating at minimum capacity. This led to decline of operations in metal anodizing companies. In initial months of 2020, sales witnessed negative trend. While small and midsize companies witnessed financial losses, large size enterprises have been able to manage steady growth with sufficient reserves available for operational purpose. The market is expected to witness steady upward trajectory growth between 2022 and 2030 however, market will shift towards consolidation as several small size companies are facing financial crunches with few already halted operations.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/metal-anodizing-market-4814
Browse 50 market data tables* and 40 figures* on "Global Metal Anodizing Market” - Forecast to 2030.
Key Trends and Analysis of the Global Metal Anodizing Market:
- Among regions, Asia Pacific accounted for a significant market share of 39.20% in 2021. The Asia Pacific market is expanding as a result of the growing construction industry and rapid urbanization
- Cost effective, easy maintenance, corrosion resistance are few of the factors driving the growth of Metal anodizing market. Metal Anodizing has very low initial finishing cost combine with very low maintenance but have benefits for greater long-term value. Metal Anodizing is corrosion resistance and when a layered over metal is formed it prevents the metal from corrosion when made contact with air over a longer period of time which in turns provide the property of durability that’s the reason this market is growing.
Key Takeaways of the Global Metal Anodizing Market:
- On the basis of process, sulfuric acid anodizing segment accounted for 56.9% of the revenue share. Applications of sulfuric acid anodizing include mechanical hardware, military weapons, hydraulic valve bodies, optical components, and electronic enclosures are few end-use. Few colors available with sulfuric acid anodize include red, black, brown, green, blue, grey, and gold.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the metal anodizing are key strategies adopted by players in the global metal anodizing market. For instance, In December, 2019, Xometry Europe GmbH, headquartered in Germany, commenced its planned European expansion with the acquisition of Shift, headquartered in Munich, Germany. Shift provides CNC machining, sheet metal processing, and post-processing services.
