Saudi Arabia Aluminum Extrusion Market Size & Outlook
Saudi Arabia aluminum extrusion market, 2018-2030 (US$M)
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Saudi Arabia aluminum extrusion market highlights
- The Saudi Arabia aluminum extrusion market generated a revenue of USD 595.2 million in 2022 and is expected to reach USD 817.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, shapes was the largest revenue generating product in 2022.
- Pipes & Tubes is the most lucrative product segment registering the fastest growth during the forecast period.
Aluminum extrusion market data book summary
| Market revenue in 2022 | USD 595.2 million |
| Market revenue in 2030 | USD 817.2 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Shapes |
| Fastest growing segment | Pipes & Tubes |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shapes, Rods & Bars, Pipes & Tubes |
| Key market players worldwide | Arconic, Constellium SE Class A, Hindalco Industries Ltd GDR, Kaiser Aluminum Corp, Norsk Hydro ASA, Alexander & Baldwin Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global aluminum extrusion market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia aluminum extrusion market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 817.2 million by 2030.
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Aluminum Extrusion Market Scope
Aluminum Extrusion Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia aluminum extrusion 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 extrusion market will help companies and investors design strategic landscapes.
Shapes was the largest segment with a revenue share of 79.3% in 2022. Horizon Databook has segmented the Saudi Arabia aluminum extrusion market based on shapes, rods & bars, pipes & tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The growth can be attributed to factors such as increasing raw material production, which is benefitting the extruder companies in the region, development of new automotive plants, upcoming renewable energy farms, and growth in industrial sector with a rise in the number of factories.
As of 2019, aluminum was one of the top five export commodities of Saudi Arabia, generating approximately USD 1.27 million per annum. The aluminum production in the country has been witnessing positive year-on-year growth since many years, and this trend is anticipated to continue over the coming years owing to the increasing demand for aluminum in various applications including aluminum extrusion.
The Saudi Arabia aluminum extrusion market is expected to grow on account of upcoming renewable energy farms in the country. Aluminum extrusions are used in various structures and equipment, which are needed in the construction of renewable energy farms, owing to their lightweight and other fundamental characteristics.
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Our clientele includes a mix of aluminum extrusion market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia aluminum extrusion market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia aluminum extrusion market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia aluminum extrusion market size, by product, 2018-2030 (US$M)
Saudi Arabia Aluminum Extrusion Market Outlook Share, 2022 & 2030 (US$M)
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