Saudi Arabia Aluminum Market Best Workable Strategy That Will Help to Boost your Revenue Till 2026

Saudi Arabia's aluminum market has been making significant strides, generating $1.7 billion in 2018 and poised to reach $2.4 billion by 2026, showing a robust CAGR of 6.8% from 2019 to 2026. The market analysis by Allied Market Research delves into the dynamic landscape, covering changing trends, market size, investment pockets, key segments, and business performance.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/6484

The growth of the Saudi Arabian aluminum market is attributed to developments in the transport industry, technological advancements, and supportive government regulations. However, challenges arise from the burgeoning aluminum industries in China and Russia. On a positive note, a surge in focus on recycling and reusing aluminum residual is expected to create new opportunities in the coming years.

In terms of processing methods, the extrusion segment, contributing to nearly one-third of the total share in 2018, is expected to maintain its dominance. Meanwhile, the casting segment is projected to exhibit the highest CAGR of 7.8% from 2019 to 2026. The report also dissects other segments such as forging, pigments & powder, rods & bar, and flat rolled.

The series 1 segment led the market share, contributing more than one-fifth in 2018 and is anticipated to maintain its lead throughout the forecast period. Conversely, the series 7 segment is predicted to witness the highest CAGR of 8.5% from 2019 to 2026. The report scrutinizes other series, including series 2, series 3, series 4, series 5, series 6, series 8, and series 9.

Examining end-use industries, the electrical segment held the largest market share with over one-fourth in 2018 and is expected to maintain its dominance. Meanwhile, the foil & packaging segment is estimated to exhibit the highest CAGR of 7.3% from 2019 to 2026. The research also covers segments like building & construction, transportation, industrial, consumer durable, and others.

Key players in the market include Aboura Metals, Al Taiseer Aluminium Company, Alcoa Corporation, Maaden - Saudi Arabian Mining Company, and others.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/saudi-arabia-aluminum-market-A06119

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About Us

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 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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