Metal Anodizing Market
Aluminum alloys that are subject to marine environments typically benefit from anodizing. Anodizing is also used for abrasion control. Some of the applications of metal anodizing include building & construction, aerospace & defense, automotive, electronic appliances, energy, biomedical, marine, jewelry, heavy equipment, and others.
Market Dynamics
The building & construction industry is witnessing a steady growth in the developed economies like United States and above average growth in developing countries such as India and China. Increasing demand for green construction to reduce carbon footprint and building information systems are expected to propel the growth of the global metal anodizing market. For instance, according to the Associated General Contractors (AGC) of America, Inc. in 2019, the construction industry creates nearly USD 1.4 Trillion worth of structures each year and employees more than 733,000 employers in the U.S. Emerging countries such as India are also witnessing cash influx in various housing related projects. According to Coherent Market Insights in 2021,Construction activities in developing countries like India is expected to grow at a CAGR of 11.8% between 2020 and 2027.
Moreover, key players are focusing on various strategies such as mergers and acquisitions. 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.
Key features of the study
Market Segmentation
Table of Contents
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