I guess it’s getting hot under the U bend. Best check the heat protection, but they are allowed to do this with time. So long as it’s not premature due to a fault.
If it is anodised, the dye can bleach over time with heat or chemicals, so anything even mildly acidic or alkaline such as some cleaners/detergents/degreasers will take colour out.
Another possibility is simply wear over time. Looking at where the colour has gone, it may be slow wear from road grime thrown up by the rear wheel.
By fault, I meant the nimbus has disolved, or more likely the screws holding it in place have rusted away allowing it to move out of position and therefore allow direct heat radiation. Worth a look.