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Saudi Arabia Aluminum Market by Type, Processing Method, Series, End-Use Industry: Opportunity Analysis and Industry Forecast, 2019-2026

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    Report

  • 154 Pages
  • April 2020
  • Region: Saudi Arabia
  • Allied Market Research
  • ID: 5118806
Aluminum is a lightweight, non-magnetic, soft, and ductile metal present in the Boron group. It is the third most abundant element found in the earth’s crust. It is usually extracted from minerals such as cryolite and bauxite. It forms a reflective coating when evaporated in vacuum, which is used for manufacturing telescope mirrors, packaging products, and toys. It is used in the production of a variety of products such as foils, window frames, kitchen utensils, airplane parts, beer kegs, and others.

Saudi Arabia aluminum market size was valued at $1.7 billion in 2018 and is anticipated to generate $2.4 billion by 2026. The market is projected to experience growth at a CAGR of 6.8% from 2019 to 2026. Saudi Arabia aluminum industry is significantly impacted by the growth in transportation industry. Application of aluminum in aircrafts, motor-vehicles, cars and rails owing to its light-weight properties rises the demand for aluminum in transport sectors. As Saudi Arabia is one of the major exporters of aluminum around the globe, the aluminum industry is driven by global demand for the metal. Moreover, favorable government policies that encourage foreign investments and joint ventures also act as driving factor for Saudi Arabia aluminum market growth. In-addition, technologically advanced processing equipment and methods used by Saudi Arabia aluminum processors and manufacturers also results in higher efficiency and hence positively impacting the Saudi Arabia aluminum market growth. However, rising products from China and Russia in international market restrain the industry growth. Moreover, making new customers in the industry also is a challenging aspect owing to easy switching options available for buyer. Meanwhile, a rise in demand for recycled aluminum products and growth in usage of aluminum in emerging economies provide lucrative opportunities for the Saudi Arabia aluminum market expansion.

Developments in transport industry, technological advancements in aluminum processing methods and favorable government policies for increasing foreign investments in the country acts as driving factors for Saudi Arabia aluminum market growth. Increasing aluminum products from China & Russia in international market is hampering the growth of Saudi Arabia aluminum market. Meanwhile, a rise in demand for recycled aluminum products is expected to provide potential growth opportunities for the Saudi Arabia aluminum industry.

The market is segmented into type, processing method, series, and end use industry. On the basis of type, the aluminum market is segmented into primary and secondary/scrap. Secondary aluminum/scrap is further sub segmented into tense/trump, taste, taint/tabor, tale, tata/toto, taldack, troma, and others. The processing method segment is divided into casting, extrusion, forging, pigments & powder, rods & bar, and flat rolled. By series, it is categorized into series 1, series 2, series 3, series 4, series 5, series 6, series 7, series 8, and series 9. By end user industry, Saudi Arabia aluminum market analysis is done for building & construction, transportation, electrical, industrial, consumer durable, foil & packaging, and others.

Key players operating in Saudi Arabia aluminum market are Aboura Metals, Al Saudia metal scrap trading LLC, Al Taiseer Aluminium Company, Alcoa Corporation, Aluminum Product Company (Alupco), Maaden - Saudi Arabian Mining Company, Nesma Recycling Co. Ltd., Saudi Aluminium Recycling Company Ltd, Star Steel Factory Co. Ltd., and Tawfiq Al Saleh Trad. Co. Other companies operating in Saudi Arabia aluminum market are Saudi Aluminum Manufacturing Co., ALUMATEC, Al Esra Aluminum Manufacturing and Casting Factory, Eastern Aluminum Extrusion Factory and others.
Key benefits for stakeholders
  • The report includes in-depth analysis of different segments and provides Saudi Arabia aluminum market share estimations between 2019 and 2026.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and Saudi Arabia aluminum market forecast are based on factors impacting market growth and Saudi Arabia aluminum market size in terms of both value and volume.
  • Key market players are profiled to gain an understanding of the Saudi Arabia aluminum market trends and strategies adopted by them.
  • This report provides a detailed analysis of the current Saudi Arabia aluminum market trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities.

KEY MARKET SEGMENTS

By Type
  • Primary Aluminum
  • Secondary Aluminum/Scrap
  • Tense/Trump
  • Taste
  • Taint/Tabor
  • Tale
  • TATA/TOTO
  • Taldack
  • Troma
  • Others

By Processing Method
  • Casting
  • Extrusion
  • Forging
  • Pigments & Powder
  • Rods & Bar
  • Flat Rolled

By Series
  • Series 1
  • Series 2
  • Series 3
  • Series 4
  • Series 5
  • Series 6
  • Series 7
  • Series 8
  • Series 9

By End Use Industry
  • Transport
  • Building & Construction
  • Electrical
  • Consumer durable
  • Foil & Packaging
  • Others (Machinery & Equipment)

Key Players
  • Aboura Metals
  • Al Saudia metal scrap trading LLC
  • Al Taiseer Aluminium Company
  • Alcoa Corporation
  • Aluminum Product Company (Alupco)
  • Maaden - Saudi Arabian Mining Company
  • Nesma Recycling Co. Ltd.
  • Saudi Aluminium Recycling Company Ltd
  • Star Steel Factory Co. Ltd.
  • Tawfiq Al Saleh Trad. Co.

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Porter's Five Forces Analysis
3.3. Top Investment Pockets
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Development of the Transport Industry
3.4.1.2. Technological Advancements in Aluminum Industry
3.4.1.3. Favorable Government Policies
3.4.2. Restraint
3.4.2.1. Developments in China and Russia Aluminum Industry
3.4.3. Opportunity
3.4.3.1. Increase in Focus on Scrap Aluminum Recycling
3.5. Impact of Government Rules and Regulations
3.6. Value Chain
3.7. Trade Outlook
3.7.1. Import Vs Export
3.7.2. Retail Aluminum Price in Saudi Arabia
Chapter 4: Saudi Arabia Aluminum Trade Flow Analysis
4.1. Saudi Arabia Aluminum Import (Us$ Million and Kilotons)
4.2. Saudi Arabia Aluminum Export (Us$ Million and Kilotons)
4.3. End-Use Industry Demand, by Domestic Production Vs. Import (Kilotons)
4.4. List of Top Exporting Countries, by End-User Industry
4.4.1. Transportation
4.4.2. Building & Construction
4.4.3. Electrical
4.4.4. Industrial
4.4.5. Consumer Durables
4.4.6. Foil & Packaging
4.4.7. Others
4.5. Processing Method Demand, by Domestic Production Vs. Import (Kilotons)
4.6. List of Top Exporting Countries, by Processing Method
4.6.1. Castings
4.6.2. Extrusions
4.6.3. Forgings
4.6.4. Pigments & Powder
4.6.5. Rod & Bar
4.6.6. Flat Rolled
4.7. Scrap Demand, by Domestic Production (Kilotons)
4.8. List of Top Scrap Exporting Countries
4.9. Scrap Imports (Kilotons), by Scrap Grades
4.10. Uae Trade Analysis
Chapter 5: Saudi Arabia Aluminum Market, by Type
5.1. Introduction
5.1.1. Market Size and Forecast
5.1.2. Market Size and Forecast
5.2. Primary Aluminum
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.3. Secondary Aluminum / Scrap
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast by Processing Method
5.3.3. Market Size and Forecast by Scrap Grade
5.3.4. Tense/Trump
5.3.5. Taste
5.3.6. Taint/Tabor
5.3.7. Tale
5.3.8. Tata/Toto
5.3.9. Taldack
5.3.10. Troma
5.3.11. Others
Chapter 6: Aluminum Market, by Processing Method
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Castings
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Casting Market Size and Forecast by End-Use Industry
6.3. Extrusions
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Extrusion Market Size and Forecast by End-Use Industry
6.4. Forgings
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Forging Market Size and Forecast by End-Use Industry
6.5. Pigments & Powder
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Pigment & Powder Market Size and Forecast by End-Use Industry
6.6. Rod & Bar
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Rods & Bar Market Size and Forecast by End-Use Industry
6.7. Flat Rolled
6.7.1. Key Market Trends, Growth Factors, and Opportunities
6.7.2. Flat Rolled Market Size and Forecast by End-Use Industry
6.8. Post Processing Products
6.8.1. Post Processing Product Breakup by Processing Method
6.8.1.1. Casting
6.8.1.2. Extrusion
6.8.1.3. Forging
6.8.1.4. Rods & Bars
6.8.1.5. Pigments & Powder
6.8.1.6. Flat Rolled
Chapter 7: Aluminum Market, by Series
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Series 1
7.3. Series 2
7.4. Series 3
7.5. Series 4
7.6. Series 5
7.7. Series 6
7.8. Series 7
7.9. Series 8
7.10. Series 9
Chapter 8: Aluminum Market, by End-User Industry
8.1. Overview
8.1.1. Market Size and Forecast
8.2. Transportation
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.3. Building & Construction
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.4. Electrical
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.5. Consumer Durable
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.6. Foil & Packaging
8.6.1. Key Market Trends, Growth Factors, and Opportunities
8.7. Others
8.7.1. Key Market Trends, Growth Factors, and Opportunities
Chapter 9: Competitive Landscape
9.1. Introduction
9.1.1. Market Player Positioning, 2018
9.2. Product Mapping of Top 10 Player
9.3. Competitive Heatmap
Chapter 10: Company Profiles:
10.1. Alcoa Corporation
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Operating Business Segments
10.1.4. Product Portfolio
10.1.5. Business Performance
10.2. Altaiseer Aluminium Company
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Product Portfolio
10.3. Ma’Aden- Saudi Arabian Mining Company
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Operating Business Segments
10.3.4. Product Portfolio
10.3.5. Business Performance
10.4. Nesma Recycling Co. Ltd.
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Product Portfolio
10.5. Aluminium Products Company (Alupco)
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Product Portfolio
10.6. Aboura Metals Fzco
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Product Portfolio
10.7. Star Steel Factory Co. Ltd.
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Product Portfolio
10.8. Al Saudia Metal Scrap Trading LLC
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Product Portfolio
10.9. Saudi Aluminium Recycling Company Ltd.
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Product Portfolio
10.10. Tawfiq Al Saleh Trad. Co.
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Product Portfolio

Executive Summary

According to the report titled,'Saudi Arabia Aluminum Market by Type, Processing Method, Series, and End Use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026', the Saudi Arabia aluminum market size was valued at $1.7 billion in 2018 and is anticipated to generate $2.4 billion by 2026. The market is projected to experience growth at a CAGR of 6.8% from 2019 to 2026.

Aluminum is a non-magnetic and ductile metal with a dull luster due to thin aluminum oxide coating. Low metal density, corrosion resistance, and thermal conductivity are some properties, which makes it ideal for various industrial applications. Growth in electrical industry is the major factor that drives the growth of the aluminum market across Saudi Arabia. In addition, technological advancements and increase in aluminum demand from various end-user industries such as foil & packaging supplement the Saudi Arabia aluminum market growth. An overall increase in production capacity by key leaders and high degree of vertical integration are observed in the industry.

The Saudi Arabia aluminum market is segmented into type, processing method, series, and end use industry. On the basis of type, the aluminum market is segmented into primary and secondary/scrap. Secondary aluminum/scrap is further sub segmented into tense/trump, taste, taint/tabor, tale, tata/toto, taldack, troma, and others. Primary aluminum holds the largest market share in terms of revenue, owing to its wide use in electrical applications and foil and packaging. In addition, it can be alloyed with other elements to provide higher strength. The processing method segment is divided into casting, extrusion, forging, pigments & powder, rods & bar, and flat rolled. The extrusion segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.4%. Aluminum extrusions offer lightweight and durability to patio furniture, sports equipment, and others. By series, it is categorized into series 1, series 2, series 3, series 4, series 5, series 6, series 7, series 8, and series 9. Series 1 segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.4%. By end user industry, it is classified into building & construction, transportation, electrical, industrial, consumer durable, foil & packaging, and others. The electrical segment accounted for more than one-fourth of the market share, in terms of revenue, in 2018. Aluminum products are extensively used in the electrical industry due to their performance, weight to strength ratio, thermal conductivity, corrosion resistance, safety, and environment benefits.

Market players operating and profiles in Saudi Arabia aluminum market include Aboura Metals, Al Saudia metal scrap trading LLC, Al Taiseer Aluminium Company, Alcoa Corporation, Aluminum Product Company (Alupco), Maaden - Saudi Arabian Mining Company, Nesma Recycling Co. Ltd., Saudi Aluminium Recycling Company Ltd, Star Steel Factory Co. Ltd., and Tawfiq Al Saleh Trad. Co. Other players operating in the value chain of Saudi Arabia aluminum market are Saudi Aluminum Manufacturing Co., ALUMATEC, Al Esra Aluminum Manufacturing and Casting Factory, Eastern Aluminum Extrusion Factory and others.

Key findings of the study

By processing method, the casting segment is anticipated to grow with CAGR 7.8%, in terms of revenue, during the forecast period
A comprehensive analysis of the factors that drive and restrain the Saudi Arabia aluminum market growth is provided
The qualitative data in this report aims at the Saudi Arabia aluminum market trends, dynamics, and developments in the Saudi Arabia aluminum industry
The Saudi Arabia aluminum market forecast and estimations are based on factors impacting the market growth and Saudi Arabia aluminum market share is provided in terms of value and volume

Companies Mentioned

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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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