May 21, 2024

The Metal Anodizing Market Sector is Estimated to Witness High Growth Owing to Rising Demand from Aerospace Industry

Metal anodizing forms a protective oxide layer on the metal surface that provides resistance against wear and tear. It improves the metal’s resistance to UV exposure, and chemical, electrical and mechanical sensitivity. Anodized metals are highly preferred in architectural and building construction, aerospace, transportation and industrial equipment among various other industries.

The global metal anodizing market is estimated to be valued at US$ 979.03 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the metal anodizing market are DuPont Nutrition (International Flavors & Fragrances Inc.), BIOPROX, Biena Inc., Chr. Hansen Holding A/S, Nebraska Cultures, Meteoric Biopharmaceuticals Pvt. Ltd., Lallemand Inc., and Fido Pharma Pvt. Ltd. Major companies are focusing on new product launches and partnerships to expand their global footprint and enhance their offering in the market.

Key opportunities in the Metal Anodizing Market Size include growing demand from the aerospace industry for lightweight and durable components. Rising application of anodized metal for aesthetic architectural purposes as well as need for sustainable architectural materials will further propel market growth. Adoption of metal anodizing across renewable energy and automotive industries due to benefits like wear & tear protection, durability and excellent corrosion resistance properties provides new avenues for market expansion.

Manufacturers are focusing on global expansion by establishing manufacturing facilities across developed as well as developing regions to cater to regional demand and leverage low-cost production advantages. With rising preference for anodized metal surfaces across various industrial applications, the global metal anodizing market is expected to witness high growth over the forecast period.

Market drivers

One of the key drivers for the metal anodizing market is the rising demand from the aerospace industry for strong, lightweight and durable components. Metal anodizing enhances the strength and durability of lightweight metals like aluminum used extensively in aircraft manufacturing. Anodized aluminum components last longer and are more resistant to corrosion, providing reliability and safety in aircraft operations. Increasing aircraft deliveries and new aircraft programs worldwide will continue driving market demand.

PEST Analysis

Political: Growing environmental concerns related to air pollution caused by various industries is compelling the concerned authorities to impose strict mandates on pollution control. This in turn is expected to drive demand for advanced surface treatment technologies like metal anodizing which helps reduce toxic emissions.

Economic: Growth of manufacturing industries especially automotive and aerospace coupled with rising disposable incomes is fueling demand for durable and aesthetically appealing metal products. The cost-effective corrosion resistance offered by anodized metals make them a favorite for applications across various end-use sectors.

Social: Increasing consumer preference for sustainable, eco-friendly and recycled products is prompting manufacturers to opt for anodizing which allows reuse of aluminum through re-anodizing. The long-lasting and low-maintenance appeal of anodized surfaces is further boosting their adoption.

Technological: Advancements in anodizing techniques like hard anodizing and sulfuric acid anodizing have enhanced the hardness, wear and corrosion resistance of treated metals. The incorporation of nanotechnology has enabled development of novel surface finishes with improved properties. Automation of anodizing lines has optimized production efficiency.

The metal anodizing market in terms of value is highly concentrated in North America and Europe owing to strong presence of key players and end-use industries in these regions. Both regions account for over 60% share of the global market led by the United States and Germany.

The Asia Pacific region is recognized as the fastest growing market for metal anodizing. This growth can be attributed to rising industrial and construction activities along with growing consumer electronics, automotive and aerospace industries in developing countries of China, India and South East Asia. Focus on import substitution along with initiatives like ‘Make in India’ is encouraging local production of anodized aluminum parts thereby driving regional market growth.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it