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| Report Code: A06119 | Apr 2020 | Pages: 154 | ||
| Tables: 88 | Charts: 18 |
| |
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Request Now !Saudi Arabia aluminum market size was valued at $1.7 billion in 2018 and is anticipated to generate $2.4 billion by 2026. The Saudi Arabia aluminum market is projected to experience growth at a CAGR of 6.8% from 2019 to 2026.
Aluminum is the sixth most ductile and second most malleable metal present on earth. It possesses strong affinity for oxygen. It is exceptionally light having 2.7g/ccm density, is resistant to dust, possesses high degree of conductivity, and exhibits significant strength when alloyed. It is widely used in food & packaging and pharmaceutical industries, as it is nontoxic in nature, preserves food for prolonged times, and inhibits growth of microorganisms. It is a good electrical conductor, and thus is used frequently in electrical transmission lines. In addition, it is used as a primary propellant for solid rocket booster motor in space shuttle due to its high volumetric energy density. Corrosion resistance, reflectivity, and recyclability are other characteristics of aluminum, which makes it a favorable choice for various industrial applications.
Aluminum is widely utilized in the production of aircrafts, automotive vehicles, rail transport, and ships, as the metal is light weight and offers significant strength. There has been an increase in the production of aircrafts where the 20% of the aircraft body (Boeing 787) is aluminum. Such applications of aluminum in transportation lead to increased demand and Saudi Arabia being one of the major exporters acts as a driving factor for the aluminum market growth. The smelters built in Saudi Arabia are highly cost-efficient and possess latest manufacture and processing technologies. Thus, latest technologically advanced processes offer higher efficiency for production. This drives the growth of the aluminum market in Saudi Arabia. The country is aiming to diversify its economy by focusing on the development of non-petroleum sectors, mining and quarrying being one of them. The country benefits from various government policies such as lower interests on loans, lack of corporate tax, lower rents, and simple land grants. Thus, favorable government policies drive the market growth. However, increased circulation of Chinese products in the international market impacts the demand and supply from Saudi Arabia in the international market. Moreover, it is difficult to make new customers and when lower prices are offered the customers can be easily prompted to switch suppliers, thus, hampering the growth of the Saudi Arabia aluminum market.
The Saudi Arabia aluminum market is segmented into type, processing method, series, and end use industry. By type, the aluminum market is bifurcated into primary and secondary/scrap. Secondary aluminum/scrap is further sub segmented into tense/trump, taste, taint/tabor, tale, tata/toto, taldack, troma, and others. The processing method segment is divided into casting, extrusion, forging, pigments & powder, rods & bar, and flat rolled. By series, it is categorized into series 1, series 2, series 3, series 4, series 5, series 6, series 7, series 8, and series 9. By end-user industry, it is classified into building & construction, transportation, electrical, industrial, consumer durable, foil & packaging, and others.Â
Market players operating and profiled in the Saudi Arabia aluminum market include Aboura Metals, Al Saudia metal scrap trading LLC, Al Taiseer Aluminium Company, Alcoa Corporation, Aluminum Product Company (Alupco), Maaden - Saudi Arabian Mining Company, Nesma Recycling Co. Ltd., Saudi Aluminium Recycling Company Ltd, Star Steel Factory Co. Ltd., and Tawfiq Al Saleh Trad. Co.Â
Other players operating in the value chain of the Saudi Arabia aluminum market include Saudi Aluminum Manufacturing Co., ALUMATEC, Al Esra Aluminum Manufacturing and Casting Factory, Eastern Aluminum Extrusion Factory, and others.
By type, the primary aluminum segment holds the largest market share in terms of revenue, owing to its wide use in electrical applications and foil and packaging. In addition, it can be alloyed with other elements to provide higher strength. This is one of the factors that boosts the growth of the aluminum market in high mechanical strength applications.
By processing methods, the extrusion segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.4%. Aluminum extrusions offer lightweight and durability to patio furniture, sports equipment and others. Flexible and low-cost extrusion tooling allows manufacturers to experiment with new applications and designs
By series, series 1 segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.4%. Series 1 grade aluminum is used in applications such as chemical equipment, sheets, plates, foil and metal tableware, and others
Saudi Arabia Aluminum Market, by End-Use Industry
By end-use industry, the electrical segment accounted for more than one-fourth of the market share, in terms of revenue, in 2018. Aluminum products are extensively used in the electrical industry due to their performance, weight to strength ratio, thermal conductivity, corrosion resistance, safety, and environment benefits.
Key Benefits
Saudi Arabia Aluminum Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
|
| By Processing Method |
|
| By Series |
|
| By End Use Industry |
|
| Key Market Players | ALUMINIUM PRODUCTS COMPANY (ALUPCO), TAWFIQ AL SALEH TRAD. CO., Star Steel Factory Co. Ltd., ALTAISEER ALUMINIUM COMPANY, ABOURA METALS FZCO, NESMA RECYCLING CO. LTD., Ma’aden- Saudi Arabian Mining Company, AL SAUDIA METAL SCRAP TRADING LLC, SAUDI ALUMINIUM RECYCLING COMPANY LTD., ALCOA CORPORATION |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Top investment pockets
3.4.Market Dynamics
3.4.1.Drivers
3.4.1.1.Development of the transport industry
3.4.1.2.Technological advancements in aluminum industry
3.4.1.3.Favorable government policies
3.4.2.Restraint
3.4.2.1.Developments in China and Russia aluminum industry
3.4.3.Opportunity
3.4.3.1.Increase in focus on scrap aluminum recycling
3.5.Impact of government rules and regulations
3.6.Value Chain
3.7.Trade Outlook
3.7.1.Import vs Export
3.7.2.Retail aluminum price in Saudi Arabia
CHAPTER 4:SAUDI ARABIA ALUMINUM TRADE FLOW ANALYSIS
4.1.Saudi Arabia Aluminum Import (US$ million and Kilotons)
4.2.Saudi Arabia Aluminum Export (US$ million and Kilotons)
4.3.End-Use Industry Demand, By Domestic Production VS. Import (Kilotons)
4.4.List of Top Exporting Countries, By End-User Industry
4.4.1.Transportation
4.4.2.Building & Construction
4.4.3.Electrical
4.4.4.Industrial
4.4.5.Consumer Durables
4.4.6.Foil & Packaging
4.4.7.Others
4.5.Processing Method Demand, By Domestic Production Vs. Import (Kilotons)
4.6.List of Top Exporting Countries, By Processing Method
4.6.1.Castings
4.6.2.Extrusions
4.6.3.Forgings
4.6.4.Pigments & Powder
4.6.5.Rod & Bar
4.6.6.Flat Rolled
4.7.Scrap Demand, By Domestic Production (Kilotons)
4.8.List of Top Scrap Exporting Countries
4.9.Scrap Imports (Kilotons), By Scrap Grades
4.10.UAE Trade Analysis
CHAPTER 5:SAUDI ARABIA ALUMINUM MARKET, BY TYPE
5.1.Introduction
5.1.1.Market size and forecast
5.1.2.Market size and forecast
5.2.Primary Aluminum
5.2.1.Key market trends, growth factors, and opportunities
5.3.Secondary Aluminum / Scrap
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast by processing method
5.3.3.Market size and forecast by scrap grade
5.3.4.Tense/Trump
5.3.5.Taste
5.3.6.Taint/Tabor
5.3.7.Tale
5.3.8.Tata/Toto
5.3.9.Taldack
5.3.10.Troma
5.3.11.Others
CHAPTER 6:ALUMINUM MARKET, BY PROCESSING METHOD
6.1.Overview
6.1.1.Market size and forecast
6.2.Castings
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Casting market size and forecast by end-use industry
6.3.Extrusions
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Extrusion market size and forecast by end-use industry
6.4.Forgings
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Forging market size and forecast by end-use industry
6.5.Pigments & Powder
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Pigment & powder market size and forecast by end-use industry
6.6.Rod & bar
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Rods & bar market size and forecast by end-use industry
6.7.Flat rolled
6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Flat rolled market size and forecast by end-use industry
6.8.Post Processing Products
6.8.1.Post processing product breakup by processing method
6.8.1.1.Casting
6.8.1.2.Extrusion
6.8.1.3.Forging
6.8.1.4.Rods & Bars
6.8.1.5.Pigments & Powder
6.8.1.6.Flat Rolled
CHAPTER 7:ALUMINUM MARKET, BY SERIES
7.1.Overview
7.1.1.Market size and forecast
7.2.Series 1
7.3.Series 2
7.4.Series 3
7.5.Series 4
7.6.Series 5
7.7.Series 6
7.8.Series 7
7.9.Series 8
7.10.Series 9
CHAPTER 8:ALUMINUM MARKET, BY END-USER INDUSTRY
8.1.Overview
8.1.1.Market size and forecast
8.2.Transportation
8.2.1.Key market trends, growth factors, and opportunities
8.3.Building & construction
8.3.1.Key market trends, growth factors, and opportunities
8.4.Electrical
8.4.1.Key market trends, growth factors, and opportunities
8.5.Consumer Durable
8.5.1.Key market trends, growth factors, and opportunities
8.6.Foil & packaging
8.6.1.Key market trends, growth factors, and opportunities
8.7.Others
8.7.1.Key market trends, growth factors, and opportunities
CHAPTER 9:COMPETITIVE LANDSCAPE
9.1.Introduction
9.1.1.Market player positioning, 2018
9.2.Product mapping of top 10 player
9.3.Competitive heatmap
CHAPTER 10:COMPANY PROFILES:
10.1.ALCOA CORPORATION
10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Product portfolio
10.1.5.Business performance
10.2.ALTAISEER ALUMINIUM COMPANY
10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Product portfolio
10.3.Ma’aden- Saudi Arabian Mining Company
10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Operating business segments
10.3.4.Product portfolio
10.3.5.Business performance
10.4.NESMA RECYCLING CO. LTD.
10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Product portfolio
10.5.ALUMINIUM PRODUCTS COMPANY (ALUPCO)
10.5.1.Company overview
10.5.2.Company snapshot
10.5.3.Product portfolio
10.6.ABOURA METALS FZCO
10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Product portfolio
10.7.Star Steel Factory Co. Ltd.
10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Product portfolio
10.8.AL SAUDIA METAL SCRAP TRADING LLC
10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Product portfolio
10.9.SAUDI ALUMINIUM RECYCLING COMPANY LTD.
10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Product portfolio
10.10.TAWFIQ AL SALEH TRAD. CO.
10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Product portfolio
LIST OF TABLES
TABLE 01.IMPORT VS EXPORT (KILOTONS)
TABLE 02.SAUDI ARABIA TRADE ($/TONS)
TABLE 03.SAUDI ARABIA ALUMINUM IMPORT, 2018 (KILOTONS)
TABLE 04.SAUDI ARABIA ALUMINUM IMPORT, 2018 ($MILLION)
TABLE 05.SAUDI ARABIA ALUMINUM EXPORT, 2018 (KILOTONS)
TABLE 06.SAUDI ARABIA ALUMINUM EXPORT, 2018 ($MILLION)
TABLE 07.END USE INDUSTRY DEMAND BY DOMESTIC PRODUCTION, 2018 (KILOTONS)
TABLE 08.END USE INDUSTRY DEMAND BY IMPORT, 2018 (KILOTONS)
TABLE 09.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR TRANSPORTATION, 2018 (KILOTONS)
TABLE 10.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR BUILDING & CONSTRUCTION, 2018 (KILOTONS)
TABLE 11.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR ELECTRICAL, 2018 (KILOTONS)
TABLE 12.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR INDUSTRIAL, 2018 (KILOTONS)
TABLE 13.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR CONSUMER DURABLES, 2018 (KILOTONS)
TABLE 14.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR FOIL & PACKAGING, 2018 (KILOTONS)
TABLE 15.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES FOR OTHERS, 2018 (KILOTONS)
TABLE 16.PROCESSING METHOD DEMAND BY DOMESTIC PRODUCTION, 2018 (KILOTONS)
TABLE 17.PROCESSING METHOD DEMAND BY IMPORT, 2018 (KILOTONS)
TABLE 18.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES BY CASTINGS, 2018 (KILOTONS)
TABLE 19.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES BY EXTRUSIONS, 2018 (KILOTONS)
TABLE 20.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES BY FORGINGS, 2018 (KILOTONS)
TABLE 21.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES BY PIGMENTS & POWDER, 2018 (KILOTONS)
TABLE 22.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES BY ROD & BAR, 2018 (KILOTONS)
TABLE 23.SAUDI ARABIA ALUMINUM EXPORTING COUNTRIES BY FLAT ROLLED, 2018 (KILOTONS)
TABLE 24.DOMESTIC ALUMINUM SCRAP PRODUCTION BY GRADES, 2018 (KILOTONS)
TABLE 25.TOP SCRAP EXPORTING COUNTRIES, 2018 (KILOTONS & $MILLION)
TABLE 26.SAUDI ARABIA ALUMINUM SCRAP IMPORT BY SCRAP GRADES, 2018 (KILOTONS)
TABLE 27.UAE TRADE ANALYSIS (2016-2018) (KILO TONS)
TABLE 28.UAE TRADE ANALYSIS (2016-2018) (KILO TONS)
TABLE 29.SAUDI ARABIA ALUMINUM MARKET, BY TYPE, ($MILLION), 2018-2026
TABLE 30.SAUDI ARABIA ALUMINUM MARKET, BY TYPE, (KILOTONS), 2018-2026
TABLE 31.SAUDI ARABIA ALUMINUM MARKET FOR SCRAP, BY PROCESSING METHOD, ($MILLION), 2018-2026
TABLE 32.SAUDI ARABIA ALUMINUM MARKET FOR SCRAP, BY PROCESSING METHOD, (KILOTONS), 2018-2026
TABLE 33.SAUDI ARABIA ALUMINUM MARKET FOR SCRAP, BY GRADE, ($MILLION), 2018-2026
TABLE 34.SAUDI ARABIA ALUMINUM MARKET FOR SCRAP, BY GRADE, (KILOTONS), 2018-2026
TABLE 35.SAUDI ARABIA ALUMINUM MARKET, BY PROCESSING METHOD, 2018–2026 ($MILLION)
TABLE 36.SAUDI ARABIA ALUMINUM MARKET, BY PROCESSING METHOD, 2018–2026 (KILOTONS)
TABLE 37.SAUDI ARABIA ALUMINUM MARKET FOR CASTINGS, BY END USE INDUSTRY, 2018–2026 ($MILLION)
TABLE 38.SAUDI ARABIA ALUMINUM MARKET FOR CASTINGS, BY END USE INDUSTRY, 2018–2026 (KILOTONS)
TABLE 39.SAUDI ARABIA ALUMINUM MARKET FOR EXTRUSIONS, BY END USE INDUSTRY, 2018–2026 ($MILLION)
TABLE 40.SAUDI ARABIA ALUMINUM MARKET FOR EXTRUSIONS, BY END USE INDUSTRY, 2018–2026 (KILOTONS)
TABLE 41.SAUDI ARABIA ALUMINUM MARKET FOR FORGINGS, BY END USE INDUSTRY, 2018–2026 ($MILLION)
TABLE 42.SAUDI ARABIA ALUMINUM MARKET FOR FORGINGS, BY END USE INDUSTRY, 2018–2026 (KILOTONS)
TABLE 43.SAUDI ARABIA ALUMINUM MARKET FOR PIGMENTS & POWDER, BY END USE INDUSTRY, 2018–2026 ($MILLION)
TABLE 44.SAUDI ARABIA ALUMINUM MARKET FOR PIGMENTS & POWDER, BY END USE INDUSTRY, 2018–2026 (KILOTONS)
TABLE 45.SAUDI ARABIA ALUMINUM MARKET FOR ROD & BAR, BY END USE INDUSTRY, 2018–2026 ($MILLION)
TABLE 46.SAUDI ARABIA ALUMINUM MARKET FOR ROD & BAR, BY END USE INDUSTRY, 2018–2026 (KILOTONS)
TABLE 47.SAUDI ARABIA ALUMINUM MARKET FOR FLAT ROLLED, BY END USE INDUSTRY, 2018–2026 ($MILLION)
TABLE 48.SAUDI ARABIA ALUMINUM MARKET FOR FLAT ROLLED, BY END USE INDUSTRY, 2018–2026 (KILOTONS)
TABLE 49.SAUDI ARABIA CASTIG POST PROCESSING PRODUCTS MARKET, 2018(KILOTONS)
TABLE 50.SAUDI ARABIA CASTIG POST PROCESSING PRODUCTS MARKET, 2018($MILLION)
TABLE 51.SAUDI ARABIA ESTRUSION POST PROCESSING PRODUCTS MARKET, 2018(KILOTONS)
TABLE 52.SAUDI ARABIA ESTRUSION POST PROCESSING PRODUCTS MARKET, 2018($MILLION)
TABLE 53.SAUDI ARABIA FORGING POST PROCESSING PRODUCTS MARKET, 2018(KILOTONS)
TABLE 54.SAUDI ARABIA FORGING POST PROCESSING PRODUCTS MARKET, 2018($MILLION)
TABLE 55.SAUDI ARABIA RODS & BARS POST PROCESSING PRODUCTS MARKET, 2018(KILOTONS)
TABLE 56.SAUDI ARABIA RODS & BARS POST PROCESSING PRODUCTS MARKET, 2018($MILLION)
TABLE 57.SAUDI ARABIA PIGMENTS & POWDER POST PROCESSING PRODUCTS MARKET, 2018(KILOTONS)
TABLE 58.SAUDI ARABIA PIGMENTS & POWDER POST PROCESSING PRODUCTS MARKET, 2018($MILLION)
TABLE 59.SAUDI ARABIA FLAT ROLLED POST PROCESSING PRODUCTS MARKET, 2018(KILOTONS)
TABLE 60.SAUDI ARABIA FLAT ROLLED POST PROCESSING PRODUCTS MARKET, 2018($MILLION)
TABLE 61.SAUDI ARABIA ALUMINUM MARKET, BY SERIES, 2018–2026 ($MILLION)
TABLE 62.SAUDI ARABIA ALUMINUM MARKET, BY SERIES, 2018–2026 (KILOTONS)
TABLE 63.SAUDI ARABIA ALUMINUM MARKET, BY END-USER INDUSTRY, 2018–2026 ($MILLION)
TABLE 64.SAUDI ARABIA ALUMINUM MARKET, BY END-USER INDUSTRY, 2018–2026 (KILOTONS)
TABLE 65.ALCOA CORPORATION: COMPANY SNAPSHOT
TABLE 66.ALCOA CORPORATION: OPERATING SEGMENTS
TABLE 67.ALCOA CORPORATION: PRODUCT PORTFOLIO
TABLE 68.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 69.ALTAISEER: COMPANY SNAPSHOT
TABLE 70.ALTAISEER: PRODUCT PORTFOLIO
TABLE 71.MAADEN: COMPANY SNAPSHOT
TABLE 72.MAADEN: OPERATING SEGMENTS
TABLE 73.MAADEN: PRODUCT PORTFOLIO
TABLE 74.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 75.NESMA: COMPANY SNAPSHOT
TABLE 76.NESMA: PRODUCT PORTFOLIO
TABLE 77.ALUPCO: COMPANY SNAPSHOT
TABLE 78.ALUPCO: PRODUCT PORTFOLIO
TABLE 79.ABOURA: COMPANY SNAPSHOT
TABLE 80.ABOURA: PRODUCT PORTFOLIO
TABLE 81.SSF: COMPANY SNAPSHOT
TABLE 82.SSF: PRODUCT PORTFOLIO
TABLE 83.AL SAUDIA: COMPANY SNAPSHOT
TABLE 84.AL SAUDIA: PRODUCT PORTFOLIO
TABLE 85.SARCO: COMPANY SNAPSHOT
TABLE 86.SARCO: PRODUCT PORTFOLIO
TABLE 87.ALSALEH: COMPANY SNAPSHOT
TABLE 88.ALSALEH: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.HIGH THREAT OF NEW ENTRANTS
FIGURE 04.LOW THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.HIGH BARGAINING POWER OF BUYERS
FIGURE 07.TOP INVESTMENT POCKETS (2019)
FIGURE 08.MARKET DYNAMICS
FIGURE 09.VALUE CHAIN OF ALUMINUM
FIGURE 10.MARKET PLAYER POSITIONING, 2018
FIGURE 11.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 12.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 13.ALCOA CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 14.ALCOA CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 15.ALCOA CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 16.MAADEN: REVENUE, 2016–2018 ($MILLION)
FIGURE 17.MAADEN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 18.MAADEN: REVENUE SHARE BY REGION, 2018 (%)
Saudi Arabia is one of the major producer and exporter of aluminum in the global market. Saudi Arabia government aims to grow economically in non-petroleum sectors such as mining & quarrying. The presence market player such as Ma’aden which is a mixture of public, private and joint venture (Alcoa) and is the largest aluminum producer positively impacts the industry growth. Saudi Arabia aluminum market is anticipated to grow at a considerable rate during the forecast period. This is attributed to the rise in demand for aluminum building & construction, aviation, automobile, rail, and packaging industries. Moreover, the country has manufacturing plants that have technologically advanced processing methods for aluminum production that offers increased efficiency and drive the market growth. Furthermore, several government policies that encourages foreign investments and joint ventures with local manufacturers such as lower electricity costs, lack of corporate tax, and lower interest on loans favors the market growth. Meanwhile, investments in aluminum scrap recycling plants for encouraging secondary aluminum production within the country offers lucrative opportunity for aluminum industry growth in Saudi Arabia.
A. CAGR of Saudi Arabia Aluminum Market by 2026 is 6.8%.
A. Growth in electrical industry, technological advancements and growth in aluminum demand from various end-user industries such as foil & packaging drive Saudi Arabia Aluminum Market.
A. Industries such as building & construction, transportation, electrical, industrial, consumer durable, and foil & packaging are potential customers of Saudi Arabia Aluminum Market.
A. Extrusion segment will drive market growth.
A. Building & construction, transportation, electrical, industrial, consumer durable, foil & packaging, and othersare the applications of Saudi Arabia Aluminum Market.
A. Developments in transport industry, technological advancements in aluminum processing methods and favorable government policies for increasing foreign investments in the country acts as driving factors for Saudi Arabia aluminum market growth.
A. Recycled aluminumis the major area of expansion for Saudi Arabia Aluminum market.
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