According to the report by Expert Market Research (EMR), the Saudi Arabia aluminium market size reached a value of USD 2.39 billion in 2023. Aided by the expanding construction sector, rapid industrialisation, and escalating demand from the automotive industry, the market is projected to further grow at a CAGR of 4.4% between 2024 and 2032 to reach a value of USD 3.53 billion by 2032.
Aluminium, known for its lightweight, strength, and corrosion resistance, is becoming an increasingly important material in various sectors, including construction, automotive, packaging, and electronics within Saudi Arabia. The country’s vision to diversify its economy and reduce its dependency on oil revenues has led to significant investments in these sectors, thereby driving the demand for aluminium.
Several key factors contribute to Saudi Arabia aluminium market growth. The construction sector, being one of the largest consumers of aluminium, is experiencing a boom due to the government’s initiatives like Vision 2030, which aims to develop infrastructure, residential, and commercial projects. The use of aluminium in facades, windows, doors, and structural components is increasing due to its durability and aesthetic appeal.
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As per the Saudi Arabia aluminium market analysis, the market is poised for substantial growth, driven by the country’s economic diversification efforts, the expansion of the construction sector, and the increasing demand from the automotive and packaging industries. The focus on sustainability and recycling is expected to shape future market trends, with recycled aluminium playing a pivotal role in meeting environmental goals and reducing the industry’s carbon footprint.
The expansion of the transportation and automotive industries in the country is bolstering the development of the aluminium market in Saudi Arabia. This metal plays a vital role in the reduction of emissions and enhancement of fuel efficiency through its ability to facilitate the manufacturing of lightweight vehicles and increase their driving range.
Additionally, the automotive industry’s shift towards lightweight materials to enhance fuel efficiency and reduce emissions is propelling the demand for aluminium. The packaging industry also plays a significant role, with aluminium’s recyclability and lightweight making it a preferred material for food and beverage containers, consequently driving up the Suadi Arabia aluminium market share.
The country’s strategic initiatives to enhance its manufacturing capabilities and invest in research and development are set to improve product quality and reduce production costs, further strengthening the market’s potential.
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The Eastern Province being the industrial hub of Saudi Arabia, holds a significant share of the aluminium market due to the presence of major aluminium plants and proximity to raw material sources. However, with the government’s efforts to industrialise other regions, the market is expected to witness a more diversified geographical distribution in the coming years., which is expected to positively influence product demand.
Furthermore, the aluminium market in Saudi Arabia stands at a significant growth juncture, fuelled by strategic economic initiatives and increasing demand across key sectors. As the country continues to invest in expanding its aluminium production and recycling capabilities, the market is set to witness robust growth, offering numerous opportunities for players within the industry. The focus on innovation, quality improvement, and sustainability will be crucial in sustaining this growth trajectory and achieving the long-term vision of a diversified and vibrant Saudi economy.
Market Segmentation
The market can be divided based on type, processing method, and end use
Market Breakup by Type
- Primary (Fresh Aluminium)
- Secondary (Recycled Aluminium)
Market Breakup by Processing Method
- Casting
- Extrusion
- Forging
- Pigments and Powder
- Roda and Bar
- Flat Rolled
Market Breakup by End Use
- Transport
- Construction
- Electrical
- Machinery and Equipment
- Packaging and Foil
- Consumer Goods
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia aluminium market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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