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The global metal anodizing market was valued at US$ 771.7 million in 2020, according to Global Metal Anodizing Market Report, by Process (Sulfuric Acid Anodizing, Hard Anodizing, and Chromic Acid Anodizing), by Product Type (Anodized Aluminium, 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, Europe, Asia Pacific, Middle East, and Africa)

The global metal anodizing market is expected to surpass US$ 1,094.6 million by 2027, exhibiting a CAGR of 5.2% during the forecast period (2021-2027). Electric vehicle (EV) is gaining high traction than conventional vehicles. The automotive disruption caused by electric vehicles is expected to create huge market revenue opportunity for automotive parts and suppliers including anodize metal suppliers. Automotive disruption by electric vehicles leads to the necessity of metal anodizing.

According to a data published by EV-Volumes, a database of sales statistics, charging infrastructure, batteries, car models, and sales forecasts for plug-in cars. Global plug-in vehicle deliveries in 2019 reached 2,264,400 units, which is 9% higher than 2018. EV sales in Europe witnessed 44% growth in 2019 as compared to 2018. At the end of 2019, the global fleet of plug-ins was 7.5 million, counting light vehicles. Medium and heavy commercial vehicles added another 700,000 units to the global stock of plug-ins. The global deliveries were 100,000 units in 2019, out of which 95% were in China and mostly as large buses. This factor is expected to drive growth of the market.

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 45 figures* on "Metal Anodizing Market” - Global Forecast to 2027.

Key Trends and Analysis of the Global Metal Anodizing Market:

  • Among regions, Asia Pacific accounted for a significant market share in 2020. Metal anodizing market in China is surging owing to growth of metal anodizing market players in the country. Top ten players accounted for less than 2% of total market share in Asia Pacific. Electronic appliances and automotive are major end-use application in the region. India is highly fragmented market with over 1000+ small scale companies engaged in production and supply of anodized metals.

Key Takeaways of the Market:

  • Among 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.

Key players

  • 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.
  • Key players operating in the global metal anodizing market are focusing on various strategies such as collaborations and partnerships in order to strengthen their market presence and expand their product portfolio. For instance, in May 2017, Alufinish, a leader in the aluminum anodizing and passivation chemistry business throughout Europe and the Middle East, collaborated with Technic in expanding its markets to the U.S. and Canada. Technic is a Rhode Island based, privately held corporation and a global supplier of specialty chemicals.

Global Metal Anodizing Market - Impact of Coronavirus (Covid-19) Pandemic

  • 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 2027, however, market will shift towards consolidation as several small size companies are facing financial crunches with few already halted operations.
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