Saudi Arabia Aluminum Market Potential Growth Opportunities and Competitive Landscape Report to 2026

The electrical segment accounted for the largest market share with more than one-fourth of the total market share in 2018, and is expected to maintain its largest contribution by 2026. However, the foil & packaging segment is estimated to maintain the highest CAGR of 7.3% from 2019 to 2026. The research also analyzes segments such as building & construction, transportation, industrial, consumer durable, and others.

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Allied Market Research published a new report, titled, "Saudi Arabia Aluminum Market by Type (Primary and Secondary), Processing Method (Casting, Extrusion, Forging, Pigments & Powder, Rods & Bar, and Flat Rolled), Series (Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8, and Series 9), End-Use Industry (Building & Construction, Transportation, Electrical, Industrial, Consumer Durable, Foil & Packaging, and Others): Opportunity Analysis and Industry Forecast, 2019-2026 The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

According to the report published by Allied Market Research, Saudi Arabia aluminum market generated $1.7 billion in 2018, and is expected to garner $2.4 billion by 2026, growing at a CAGR of 6.8% from 2019 to 2026.

This makes it important to understand the practical implications of the Saudi Arabia aluminum market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.

Development of the transport industry, technological developments, and supportive government regulations drive the growth of the Saudi Arabia aluminum market. However, developing China and Russia aluminum industry hinder the market growth.

KEY MARKET PLAYERS:

The report provides the SWOT analysis of the key market players including Aboura Metals, 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., which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.

The series 1 segment contributed to the highest market share with more than one-fifth of the total share in 2018, and is estimated to maintain its lead status throughout the forecast period. On the other hand, the series 7 segment would witness the largest CAGR of 8.5% from 2019 to 2026.

NEED FOR THE REPORT:

The current situation of pandemic makes it very important for the stakeholders in the Saudi Arabia aluminum market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

The extrusion segment contributed to nearly one-third of the total share in 2018, and is estimated to maintain its dominant position in terms of revenue during the forecast period. However, the casting segment is expected to portray the highest CAGR of 7.8% from 2019 to 2026.

KEY OFFERINGS OF THE REPORT:

Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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