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Saudi Arabia Aluminium Market Size, Share, Trends, Analysis: By Type: Primary (Fresh Aluminium), Secondary (Recycled Aluminium); By Processing Method: Casting, Extrusion, Forging, Pigments and Powder, Roda and Bar, Flat Rolled; By End Use: Transport, Construction, Electrical, Others; Market Dynamics; Competitive Landscape; 2024-2032
Saudi Arabia Aluminium Market Outlook
The Saudi Arabia aluminium market size reached approximately USD 2.39 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 3.53 billion by 2032.
Key Trends in the Market
Aluminium refers to a lightweight, silvery, and soft metal that is an element in the boron group on the periodic table. Due to the ductility and non-magnetic properties offered by the metal it finds applications in various sectors including construction, manufacture, transportation, and food packaging, among others.
- The expansion of the transportation and automotive sectors in the country is bolstering the Saudi Arabia aluminium market growth. The metal reduces emissions and increases fuel economy by allowing the production of lightweight vehicles and providing enhanced driving range.
- The rising utilisation of aluminium in food packaging owing to increasing awareness about the various benefits offered by the product is providing lucrative growth opportunities to the market. Aluminium foil offers sterility and sustainability and is safe for usage in situations where it comes in direct contact with the food products.
- The increase in construction activities due to rapid industrialisation and urbanisation is bolstering the requirement for aluminium. Additionally, aluminium also offers corrosion resistance and is lightweight, propelling its utilisation in the development of roofs and walls, shelves, external facades, and railings, among others.
Saudi Arabia Aluminium Market Analysis
On the basis of type, the market is bifurcated into primary (fresh aluminium) and secondary (recycled aluminium). Based on processing method, the market is classified into casting, extrusion, forging, pigments and powder, roda and bar, and flat rolled.
On the basis of end use, the Saudi Arabia aluminium market segmentation includes transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Emirates Global Aluminium PJSC
- Saudi Arabian Mining Company
- Al Taiseer Group Talco Industrial Company
- Siab Aluminum Factory
- Alcoa Corporation
- United Arab Aluminum Company
- Aluminium Products Company (ALUPCO) JSC
- Al-Saleh Group
- Granada Aluminium
- Others
Market Share by Type
Primary (fresh aluminium) is expected to account for a significant Saudi Arabia aluminium market share over the forecast period. This growth can be attributed to the wide range of applications of the metal in packaging and foiling. Primary aluminium can also be alloyed with other elements to provide high strength. Additionally, the electrical conductivity of the metal is also more than its counterpart.
Market Share by End Use
Electrical applications are anticipated to account for a significant share of the market in the coming years. Aluminium and its alloys are widely used in the manufacture of various microelectronic and electronic components, such as capacitors. Aluminium is also used in electricity distribution and transmission. The rising requirement for electricity and electrical devices owing to increasing urbanisation and disposable incomes is boosting the Saudi Arabia aluminium market demand.
Competitive Landscape
Emirates Global Aluminium PJSC, headquartered in Abu Dabi, United Arab Emirates, is one of the leading producers and distributors of aluminium. The company also specialises in alumina refining and investments in bauxite mining.
Saudi Arabian Mining Company specialises in aluminium mining, industrial minerals, smelting and roller mining, fertilisers, and refining, among others. The company was founded in 1997 and is headquartered in Riyadh, Saudi Arabia.
Al Taiseer Group Talco Industrial Company is one of the leading manufacturers of aluminium associated products in Saudi Arabia and Gulf region. Headquartered in Riyadh, Saudi Arabia, the company also specialises in thermal breaks and powder coatings.
Other Saudi Arabia aluminium market key players include Siab Aluminum Factory, Alcoa Corporation, United Arab Aluminum Company, Aluminium Products Company (ALUPCO) JSC, Al-Saleh Group, and Granada Aluminium, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Processing Method |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East and Africa Aluminium Market Overview
8.1 Key Industry Highlights
8.2 Middle East and Africa Aluminium Historical Market (2018-2023)
8.3 Middle East and Africa Aluminium Market Forecast (2024-2032)
9 Saudi Arabia Aluminium Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Aluminium Historical Market (2018-2023)
9.3 Saudi Arabia Aluminium Market Forecast (2024-2032)
10 Saudi Arabia Aluminium Market by Type
10.1 Primary (Fresh Aluminium)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Secondary (Recycled Aluminium)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Saudi Arabia Aluminium Market by Processing Method
11.1 Casting
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Extrusion
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Forging
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Pigments and Powder
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Roda and Bar
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Flat Rolled
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Saudi Arabia Aluminium Market by End Use
12.1 Transport
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Construction
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Electrical
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Machinery and Equipment
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Packaging and Foil
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Consumer Goods
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code - 76)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Emirates Global Aluminium PJSC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Saudi Arabian Mining Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Al Taiseer Group Talco Industrial Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Siab Aluminum Factory
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Alcoa Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 United Arab Aluminum Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Aluminium Products Company (ALUPCO) JSC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Al-Saleh Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Granada Aluminium
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Middle East and Africa Aluminium Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Aluminium Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Aluminium Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Saudi Arabia Aluminium Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Saudi Arabia Aluminium Historical Market: Breakup by Processing Method (USD Billion), 2018-2023
6. Saudi Arabia Aluminium Market Forecast: Breakup by Processing Method (USD Billion), 2024-2032
7. Saudi Arabia Aluminium Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Saudi Arabia Aluminium Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Saudi Arabia Aluminium Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Saudi Arabia Aluminium Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Saudi Arabia Aluminium Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 2.39 billion in 2023.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.53 billion by 2032.
The major market drivers include expansion of the transportation and automotive sectors and increasing manufacture of various microelectronic and electronic components.
The key trends fuelling the growth of the market include rising utilisation of aluminium in food packaging and increase in construction activities.
The major applications include transport, construction, electrical, machinery and equipment, packaging and foil, and consumer goods, among others.
The significant types include primary (fresh aluminium) and secondary (recycled aluminium).
The key players in the market are Emirates Global Aluminium PJSC, Saudi Arabian Mining Company, Al Taiseer Group Talco Industrial Company, Siab Aluminum Factory, Alcoa Corporation, United Arab Aluminum Company, Aluminium Products Company (ALUPCO) JSC, Al-Saleh Group, and Granada Aluminium, among others.
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