According to Future Market Insights, the global anodized titanium market is likely to witness significant growth at a CAGR of 3.9% during the forecast period from 2023 to 2033. As of 2023, sales of anodized titanium are likely to be valued at US$ 15 billion, and will eventually reach US$ 22 billion by 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of Anodized Titanium in 2023 | US$ 15 billion |
| Expected Market Value of Anodized Titanium in 2033 | US$ 22 billion |
| Growth Rate (2023 to 2033) | CAGR of 3.9% |
Anodizing titanium is an electrolytic finishing process that shapes the layer of oxide on the surface of titanium via electric current. Therefore, the item present in titanium thus forms the anode (positive electrode) of an electrolytic cell; naming it “anodize.”
| Titanium |
|
|---|---|
| Anodized Titanium |
|
Anodized titanium, itself being light-weighted is ready to resist extreme thermal conditions making it to be a key factor driving demand in the aviation industry; possesses approximately the same strength as steel, thus it is finding increasing adoption by vehicle manufacturers in the automotive industry. It also continues to drive the demand in the medical and healthcare sector by providing growth in biomedical treatment activities globally.
The current market trends focus on gaining an increase in the adoption of high thermal anodizing. Color anodizing is also a major trend in the anodized titanium tetroxide industry where it wields the oxide layer on the surface of titanium to produce an “illusion of color” thus making us aware of the knowledge of color due to indifference to the phenomenon, similar to a prism. Lastly, wear-resistance anodizing helps us as the coatings are more than 10 times more wear resistant than ordinary anodized aluminum ones.
A thorough evaluation of the restraints comprehended in the report portrays a contrast to the drivers by giving room for strategic planning. As unfavourable geographic and political conditions impact the overall sales revenue of the global metal anodizing market growth. Thus, these factors that overshadow the market growth are crucial as they can be understood to devise the different bends for getting hold of the fruitful opportunities that are present in the ever-growing market.
Although the leading manufacturers of anodized titanium tetroxide include Techmetals, TIODIZE, HPL Stampings, G and J Steel and Tubing, Light Metals Coloring, Leatherwood Manufacturing, Aalberts Surface Technologies, AOTCO Metal Finishing, SIFCO ASC, etc. it also has some major competitors operating in the global anodizing titanium market like Alucol, Nihon Anodizing Co., Xometry Europe GmbH, United Anodisers Limited.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
According to the latest research by Future Market Insights, Anodized Titanium is set to witness significant growth during the forecast period 2021-2031. Demand for Anodized Titanium will witness significant recovery in a shorter period, with an optimistic growth outlook. Aviation, Automotive, and Biomedical Treatment are the most lucrative markets, creating robust opportunities and providing momentum for market growth during the forecast period.
Evolving end-user demand for lightweight and high-performance materials that can withstand extreme thermal conditions is a key factor driving demand in the aviation industry. The growing biomedical treatment activities globally continues to drive the demand in the medical and healthcare sector.
Automotive Industry continues to be a lucrative avenue for manufacturers as Anodized Titanium is lightweight and possesses approximately the same strength as Steel, thus it is finding increasing adoption by vehicle manufacturers.
In addition, the shift in the automotive industry towards increasing the use of lightweight & high strength materials to improve fuel efficiency is stimulating demand from the automotive industry
However, biomedical treatment activities such as orthopedic surgeries require precision, quality, and compliance to the highest degrees along with the higher cost of the metal comparatively, which has remained a longstanding challenge for the manufacturers. This challenge keeps the market untouched for local players.
Principal Consultant
Aircraft production and aviation activities were vastly impacted by the COVID-19 outbreak. This has also had its effects on the production of anodized titanium as the demands were significantly muted. However, with the improving conditions the aviation industry will also witness a substantial rate of recovery in the next few quarters, creating opportunities for the manufacturers.
Also, Anodized titanium is also extensively used in the healthcare sector, and the sector has continued to maintain demand levels, providing manufacturers key revenue streams, although levels were lower than normal since the healthcare sector was quite overwhelmed with the crisis situation due to the ongoing pandemic.
The USA is a key market for Anodized Titanium manufacturers. The USA market, especially the aviation sector, has had a significant impact from the COVID-19 pandemic. However, demand is likely to remain comparatively slow in the next couple of years, as several end-use industries begin to make a gradual recovery from the worst effects of the pandemic.
Demand in the USA and Canada will be led by the Aerospace and Biomedical Treatment Industry. Commercial aerospace will account for slow demand till at least 2024, as new aircraft orders remain on hold given the crisis of the pandemic.
However, this sluggishness will be compensated to some extent by demand from the USA Biomedical Treatment sector. The USA and Canada Biomedical Treatment spending are not likely to reduce drastically in 2022 and beyond, and this will continue to benefit Anodized Titanium companies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in the USA and Canada, the Biomedical Treatment sector in the EU will continue to drive the demand for anodized titanium
Due to the COVID-19 challenges, most European countries have announced increased funding for the medical sector by increasing the number of hospitals and medical equipment which can emerge as a beneficial factor for the manufacturers in the long term.
However, European automotive production will also recover at a substantial rate with an optimistic growth outlook in long-run creating great opportunities for anodized titanium manufacturers
Some of the leading Manufacturers and Suppliers include
Many leading manufacturers and suppliers have longstanding contracts and approvals for aerospace OEMs. For example, Techmetals has secured OEM Approvals from Boeing, Rockwell Collins, GE Aviation, Raytheon, Woodward, UTC Aerospace Systems, and L3 Communications. Thus the companies are focusing on developing long-term relationships with their key customers to maintain sustainable growth.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
Explore Chemicals & Materials Insights
View Reports
Anodized Titanium Market
