Middle East & Africa Aluminum Casting Market Size & Outlook
Middle East & Africa aluminum casting market, 2017-2030 (US$M)
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MEA aluminum casting market highlights
- The MEA aluminum casting market generated a revenue of USD 4,989.0 million in 2022.
- The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, die casting was the largest revenue generating process in 2022.
- Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 4,989.0 million |
| Market revenue in 2030 | USD 7,240.1 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Die casting |
| Fastest growing segment | Die Casting |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Die Casting, Permanent Mold Casting, Other Processes |
| Key market players worldwide | Alcoa Corp, Ramaco Resources Inc Class A, Bravo Mining Corp, Redwire Corp, Georg Fischer AG, Dynatrace Inc Ordinary Shares, Gibb River Diamonds Ltd, Ryobi Ltd, Martinrea International Inc, Toyota Industries Corp, Aluminum Corp of China Ltd Class H |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.5% of the global aluminum casting market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 70,778.8 million by 2030.
Key Regions: U.S. , Japan , Brazil , South Africa , Canada
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa aluminum casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum casting market will help companies and investors design strategic landscapes.
Die casting was the largest segment with a revenue share of 65.73% in 2022. Horizon Databook has segmented the Middle East & Africa aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa held the lowest volume share of 6.3% in 2020 of the global aluminum casting market. Developing economies in the region are expected to propel market growth across the forecast period. Moreover, region holds a strong position in the global oil & gas production.
Infrastructural developments in the oil & gas sector are anticipated to benefit aluminum casting demand in the region. For instance, a sum of around USD 10 billion is expected to be invested in the energy sector of Nigeria. The region struggles to attract foreign direct investments owing to constraints such as climate weaknesses and geopolitical tensions.
Besides, the region was hard hit by the COVID-19 pandemic, which further impacted the economic growth. However, with manufacturers expanding and setting up new manufacturing plants in certain countries of the region, the demand for aluminum casting in industrial equipment application segment is expected to propel over the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aluminum casting market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aluminum casting market size, by country, 2017-2030 (US$M)
Middle East & Africa Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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