Saudi Arabia Aluminum Market is Booming - Gaining Revolution in Eyes of Global Exposure

According to a report published by Allied Market Research, the Saudi Arabia aluminum market generated $1.7 billion in 2018 and is expected to reach $2.4 billion by 2026, growing at a CAGR of 6.8% from 2019 to 2026. This comprehensive report provides an in-depth analysis of market trends, size, top investment opportunities, key segments, and business performance.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A06119

Key factors driving market growth include the development of the transport industry, technological advancements, and supportive government regulations. However, competition from the developing aluminum industries in China and Russia poses challenges.

Market Segmentation

Processing Method:

- Extrusion: Contributed nearly one-third of the total market share in 2018 and is expected to maintain its leading position in terms of revenue.
- Casting: Anticipated to exhibit the highest CAGR of 7.8% from 2019 to 2026.
- Other Segments: Includes forging, pigments & powder, rods & bars, and flat rolled products.

Series:

- Series 1: Held the highest market share, more than one-fifth of the total, in 2018 and is expected to continue leading.
- Series 7: Projected to witness the largest CAGR of 8.5% from 2019 to 2026.
- Other Series: Includes series 2, 3, 4, 5, 6, 8, and 9.

End-Use Industry:

- Electrical: Accounted for the largest market share, more than one-fourth, in 2018 and is expected to remain dominant by 2026.
- Foil & Packaging: Expected to maintain the highest CAGR of 7.3% from 2019 to 2026.
- Other Segments: Includes building & construction, transportation, industrial, consumer durables, and others.

Key Market Players

Leading companies analyzed in the research include:

- Aboura Metals
- Al Taiseer Aluminium Company
- Aluminum Product Company (Alupco)
- Alcoa Corporation
- Nesma Recycling Co. Ltd.
- Maaden - Saudi Arabian Mining Company
- Star Steel Factory Co. Ltd.
- Saudi Aluminium Recycling Company Ltd.
- Tawfiq Al Saleh Trad. Co.

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.

This release was published on openPR.