Saudi Arabia Aluminum Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2026

According to a report by Allied Market Research, the Saudi Arabia aluminum market generated $1.7 billion in 2018 and is projected to reach $2.4 billion by 2026, registering a CAGR of 6.8% from 2019 to 2026. The report provides an in-depth analysis of market trends, size estimations, key investment opportunities, major segments, and business performance.

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Market Drivers and Opportunities

The market growth is driven by the expansion of the transport industry, technological advancements, and supportive government regulations. However, competition from the developing aluminum industries in China and Russia poses a challenge to market growth.

Segment Analysis

By Processing Method:

- Extrusion Segment: Held nearly one-third of the total market share in 2018 and is expected to maintain dominance in revenue generation.

- Casting Segment: Anticipated to register the highest CAGR of 7.8% from 2019 to 2026.

- Other analyzed segments include forging, pigments & powder, rods & bars, and flat-rolled products.

By Series:

- Series 1 Segment: Contributed the highest market share, exceeding one-fifth of the total share in 2018, and is expected to retain its leading position.

- Series 7 Segment: Forecasted to experience the fastest growth, with a CAGR of 8.5% from 2019 to 2026.

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

By End-Use Industry:

- Electrical Segment: Held the largest market share, accounting for over one-fourth of the total in 2018, and is expected to maintain its leading position.

- Foil & Packaging Segment: Projected to record the highest CAGR of 7.3% from 2019 to 2026.

- Other segments analyzed include building & construction, transportation, industrial, consumer durables, and others.

Key Market Players:-

- 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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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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