Nourishing the Future - The Explosive Growth of the Saudi Arabia Aluminum Market

A report by Allied Market Research reveals that the Saudi Arabia aluminum market, valued at $1.7 billion in 2018, is projected to grow at a CAGR of 6.8%, reaching $2.4 billion by 2026. The report provides an in-depth analysis of market trends, size, investment opportunities, key segments, and the performance of major players.

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

Market Growth Drivers and Challenges

Growth Enablers:

- Expansion in the transportation sector.
- Advancements in aluminum processing technologies.
- Government policies supporting industry growth.

Challenges:

- Competitive development of aluminum industries in China and Russia.

Segment Analysis

By Processing Method:

- The extrusion segment accounted for one-third of the market in 2018 and is expected to dominate revenue through 2026.
- The casting segment is projected to grow at the fastest rate, with a CAGR of 7.8% from 2019 to 2026.
- Other segments analyzed include forging, pigments & powder, rods & bars, and flat rolled products.

By Series:

- The series 1 category held the largest market share, contributing over 20% of the total in 2018, and is anticipated to retain its dominance.

- The series 7 category is predicted to experience the fastest growth, with a CAGR of 8.5% from 2019 to 2026.

- Additional series analyzed include series 2, 3, 4, 5, 6, 8, and 9.

By End-Use Industry:

- The electrical segment captured over 25% of the market in 2018 and is projected to remain the largest contributor by 2026.
- The foil & packaging segment is forecasted to exhibit the highest CAGR of 7.3% during the same period.
- Other industries analyzed include building & construction, transportation, industrial, consumer durables, and more.

Key Market Players

Prominent players shaping the Saudi Arabia aluminum market 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.