Metal anodizing Market is expected to be valued at USD 2.5 billion in 2022 | Growing Demand for Aluminium in Various Industries

According to Precision Business Insights (PBI), the latest report, the metal anodizing market is expected to be valued at USD 2.5 billion in 2022 and is poised to grow at a significant CAGR of 4.9% over 2022-2028. The primary drivers of the expansion of the global metal anodizing market include growing demand for aluminium in various industries, increasing use of magnesium and zinc alloys, and low maintenance and initial finishing costs.

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Aluminium Segment to Dominate the Metal Anodizing Market
Based on the type the global metal anodizing market can be segmented into aluminium anodizing, titanium anodizing, magnesium anodizing, zinc anodizing, and others. The aluminium segment is expected to account for a larger revenue share in the global metal anodizing market, with a value share worldwide. Aluminium anodizing is the process of electrochemically treating aluminium to form a thick protective oxide coating. Anodized aluminium has various applications including household appliances, consumer electronics and technology, sporting equipment, and electrical engines. With the increasing demand in various industries, aluminium will dominate the anodized market worldwide.

Asia Pacific Metal Anodizing Market
The Asia Pacific market is expected to increase in the global metal anodizing market over the forecast period. The Asia Pacific market is expanding as a result of the growing construction industry and rapid urbanization. Europe held considerable market share during the estimated period owing to key international players in the region and is expected to dominate the market further in the forecasted years (2022-2028).

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global metal anodizing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In April 2022, Novaria continues to grow aerospace and defense capabilities with the acquisition of Dayton-based Hohman Plating.

The metal anodizing market is segmented based on type, process, thickness of the oxide layer, application, and geography.
Based on the type, the market is segmented into the following:
• Aluminium Anodizing
• Titanium Anodizing
• Magnesium Anodizing
• Zinc Anodizing
• Others

Based on the process, the market is segmented into the following:
• Sulfuric Acid Anodizing
• Chromic Acid Anodizing
• Phosphoric Acid Anodizing
• Others

Based on the thickness of the oxide layer, the market is segmented into the following:
• Classes 5 - 10: 5-9 micron
• Class 15: 15-19 microns
• Class 20: 20-24 microns
• Class 25: 25-29 microns

Based on the application, the market is segmented into the following:
• Building & Construction
• Aerospace & Defense
• Automotive
• Electronic Appliances
• Heavy Equipment
• Marine Industry
• Others

Based on geography, the market is segmented into the following:

• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the metal anodizing market report are AAC Technologies, Jabil Circuit, Valmont Industries, Chicago Anodizing Company, Alucol, Rosa Group, Alpha Metal Finishing, SINCOO, Hillock Anodizing, McNichols Polishing & Anodizing, Pioneer Metal Finishing, AZZ Inc, and Novaria.

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This release was published on openPR.