New Technologies to Boost Growth in the Global Metal Anodizing Market
Metal Anodizing Market |
Market Overview:
The metal anodizing market includes processes that
protect and enhance the appearance of metals like aluminum, titanium,
magnesium, zinc and others. Anodizing creates a protective oxide layer on the
surface of the metal which increases corrosion resistance and wear life. It
also offers excellent abrasion resistance, enhanced adhesion of paint or
lacquer coatings, and aesthetic appeal. These benefits have led to its adoption
across aerospace, automotive, construction and consumer electronics industries.
The anodized layer can be dyed different attractive colors. Aluminum anodizing
remains the most popular process among manufacturers due to the light weight
and corrosion resistant properties of aluminum.
Market key trends:
Emerging technologies are expected to drive demand for metal anodizing. New
laser engraving techniques allow complex 3D patterns and icons to be
incorporated during anodizing, expanding product customization possibilities.
Duplex anodizing processes combining two distinct colors are also gaining
popularity. Digital anodizing uses advanced online monitoring systems for
quality control and automation. This reduces costs and human errors. Growing
construction activities in developing nations are stimulating metal anodized
products adoption in architectural applications like facades, cladding and
roofing. Strict environmental norms have increased usage of anodized metals as
a sustainable alternative to chrome plating. The aerospace industry is another
major end-user focusing on anodized aluminum and titanium to reduce aircraft
weight.
Porter’s Analysis
Threat of new entrants: New entrants find it difficult to enter the Metal
Anodizing Market Demand owing to high initial costs involved in setting
up anodizing facilities. The market also requires technical know-how and
expertise to handle the complex anodizing process.
Bargaining power of buyers: The bargaining power of buyers is moderate. The
market has numerous metal anodizing companies catering to the demands of
various end-use industries. However, customers can negotiate on price and
quality standards.
Bargaining power of suppliers: The metal anodizing industry relies on a limited
number of raw material suppliers. Thus, suppliers have significant influence
over pricing of raw materials like aluminum and steel. This increases the
overall production costs for metal anodizing companies.
Threat of new substitutes: There exist few substitutes for metal anodizing
process. However, technologies like dry lubricant coating, electroplating and
powder coating pose a moderate threat as substitutes.
Competitive rivalry: The global metal anodizing market is fairly competitive
due to presence of numerous regional and international players.
Key Takeaways
The global Metal Anodizing Market is expected to witness high growth,
exhibiting CAGR of 5.9% over the
forecast period, due to increasing demand from the aerospace & defense
sector. The adoption of metal anodizing is rising in aircraft components owing
to its corrosion resistance and longer service life properties.
Regional analysis: North America holds the major share in the global market,
accounting for around 35% share in 2023. Growing aerospace & defense
industry in the US and Canada is driving the regional market growth. Asia Pacific
exhibits the fastest growth rate over the forecast period supported by
burgeoning automotive industry in China and India.
Key players operating in the Metal Anodizing market are 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 are focusing on
developing aluminum anodizing solutions for architectural applications to leverage
new opportunities in the construction sector.
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https://www.dailyprbulletin.com/metal-anodizing-market-growth-demand-share/
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