Market by Product, Industry Vertical, and Country Outlook | Forecast 2023-2030
The analysis by Triton Market Research shows that the aluminum market in the Middle East and Africa will develop with a 4.38% CAGR during the forecast years between 2023 and 2030.
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The countries assessed in this
market include:
• The United Arab Emirates
• Turkey
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Saudi Arabia is the leading
market in this region, and held the largest share in 2022. According
to the International Trade Administration (ITA), the nation accounted for
approximately 35% of the vehicle units sold in this region in 2020. The rapidly
growing automotive industry in the Middle East and Africa is anticipated to
foster the demand for aluminum, in turn, driving the studied market’s growth.
However, the easy availability of a number of alternatives at cheaper costs is
expected to hamper the market’s progress in the region.
The
National Industrial Development Center (NIDC) in Saudi Arabia aims to attract OEMs
across the value chain under the Kingdom’s Vision 2030 goals, with an intent to
manufacture 300,000 vehicles every year, with 40% locally sourced components by
2030. The development of the automotive industry is thus expected to elevate
the demand for aluminum, thus driving the market growth in the KSA over the
forecast period.
Egypt
is one of the key nations studied in Rest of Middle East & Africa. The
construction sector of the country is growing rapidly. Some of the major infrastructure
development projects initiated in 2022 include the construction of the Balana
Wastewater Treatment Project, the Kom Ombo Photovoltaic Power Plant, and the NOOR
Residential Building Project, among others. The growth of the construction industry
is expected to drive the demand for aluminum, consequently bolstering the
market’s growth over the forecast period.
Aluminum
is an excellent heat and electricity conductor, which is crucial for its use in
electronics. The metal has replaced copper in different electronic applications.
As it is lighter in weight than copper, aluminum has become the preferred
choice for computer components as well.
Triton’s report assesses the
market on the basis of industry vertical and product. The
industry vertical segment comprises electronics, building & construction,
foil & packaging, automotive & transportation, and other industry
verticals.
The distinguished players in
the aluminum market include Norsk Hydro ASA, Aluminum Bahrain BSC (Alba),
RUSAL, China Hongqiao Group Co Ltd, and Century Aluminum Company.
Emirates
Global Aluminum PJSC is one of the leading primary aluminum-producing companies.
It operates aluminum smelters in Abu Dhabi and Dubai. It also has an alumina
refinery in Abu Dhabi, and a bauxite mine & export facilities in the
Republic of Guinea. Emirates Global’s product range includes approximately 330
products, such as billets, rolling products, and re-melt foundry products. Founded
in 1975, Emirates Global Aluminum PJSC is headquartered in Dubai, the United
Arab Emirates.
Key deliverables of the
report:
·
Market
CAGR during the forecasting years 2023-2030
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the aluminum market revenue growth in the Middle
East and Africa and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces
·
A
wide-ranging study of factors that will challenge the MEA aluminum market’s
growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA ALUMINUM MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. COVID-19
IMPACT ON THE ALUMINUM MARKET
2.2. MARKET
MATURITY ANALYSIS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. INDUSTRY
COMPONENTS
2.4.1. RAW
MATERIAL PROCUREMENT
2.4.2. ALUMINUM
PRODUCTION
2.4.3. END-USERS
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. STRENGTH
OF PRODUCT
2.5.2. PRODUCT
RECYCLABILITY
2.5.3. CORROSION
RESISTANCE
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. MERGERS
& ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. RISING
DEMAND FROM VARIOUS END-USE INDUSTRIES
2.7.2. SUBSTITUTION
OF STAINLESS STEEL WITH ALUMINUM BY AUTOMOTIVE MANUFACTURERS
2.7.3. RISING
ADOPTION OF ELECTRIC VEHICLES
2.8. MARKET
CHALLENGES
2.8.1. STRICT
ENVIRONMENTAL REGULATIONS BY AUTHORITIES
2.8.2. RISING
COST OF ALUMINUM
2.9. MARKET
OPPORTUNITIES
2.9.1. MULTIPLE
APPLICATIONS OF ALUMINUM IN THE SUSTAINABLE ENERGY INDUSTRY
2.9.2. TECHNOLOGICAL
ADVANCEMENTS
2.9.3. RECYCLABILITY
OF ALUMINUM GAINING MARKET TRACTION
2.9.4. GROWING
PENETRATION IN THE CONSUMER ELECTRONICS INDUSTRY
2.9.5. RISING
USE OF ALUMINUM IN THE TRANSPORTATION INDUSTRY
2.9.6. GROWING
POPULARITY OF ALUMINUM FOAM
2.10. ANALYST
PERSPECTIVE
3. MIDDLE
EAST AND AFRICA ALUMINUM MARKET – BY PRODUCT
3.1. ALUMINA
3.2. BAUXITE
3.3. PRIMARY
ALUMINUM
3.4. OTHER
PRODUCTS
4. MIDDLE
EAST AND AFRICA ALUMINUM MARKET – BY INDUSTRY VERTICAL
4.1. AUTOMOTIVE
& TRANSPORTATION
4.2. BUILDING
& CONSTRUCTION
4.3. ELECTRONICS
4.4. FOIL
& PACKAGING
4.5. OTHER
INDUSTRY VERTICALS
5. MIDDLE
EAST AND AFRICA ALUMINUM MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. UNITED
ARAB EMIRATES
5.1.1.1. UNITED
ARAB EMIRATES ALUMINUM MARKET FORECAST & PROSPECTS
5.1.2. TURKEY
5.1.2.1. TURKEY
ALUMINUM MARKET FORECAST & PROSPECTS
5.1.3. SAUDI
ARABIA
5.1.3.1. SAUDI
ARABIA ALUMINUM MARKET FORECAST & PROSPECTS
5.1.4. SOUTH
AFRICA
5.1.4.1. SOUTH
AFRICA ALUMINUM MARKET FORECAST & PROSPECTS
5.1.5. REST
OF MIDDLE EAST & AFRICA
5.1.5.1. REST
OF MIDDLE EAST & AFRICA ALUMINUM MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. RIO
TINTO
6.1.1. OVERVIEW
6.1.2. PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. ALUMINUM
CORPORATION OF CHINA LIMITED (CHALCO)
6.2.1. OVERVIEW
6.2.2. PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. RUSAL
6.3.1. OVERVIEW
6.3.2. PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. ALCOA
CORPORATION
6.4.1. OVERVIEW
6.4.2. PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. NORSK
HYDRO ASA
6.5.1. OVERVIEW
6.5.2. PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. EMIRATES
MIDDLE EAST AND AFRICA ALUMINUM PJSC
6.6.1. OVERVIEW
6.6.2. PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. NOVELIS
INC
6.7.1. OVERVIEW
6.7.2. PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. ALUMINUM
BAHRAIN BSC (ALBA)
6.8.1. OVERVIEW
6.8.2. PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. CHINA
HONGQIAO GROUP LIMITED
6.9.1. OVERVIEW
6.9.2. PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. CENTURY
ALUMINUM COMPANY
6.10.1. OVERVIEW
6.10.2. PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF
PRODUCT LAUNCHES
TABLE 4: LIST OF
MERGERS & ACQUISITIONS
TABLE 5: LIST OF
BUSINESS DIVESTITURES & EXPANSIONS
TABLE 6: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY PRODUCT, 2023-2030 (IN $ MILLION)
TABLE 7: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY PRODUCT, 2022 & 2030 (IN %)
FIGURE 4: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY ALUMINA, 2023-2030 (IN $ MILLION)
FIGURE 5: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY BAUXITE, 2023-2030 (IN $ MILLION)
FIGURE 6: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY PRIMARY ALUMINUM, 2023-2030 (IN $ MILLION)
FIGURE 7: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY OTHER PRODUCTS, 2023-2030 (IN $ MILLION)
FIGURE 8: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY INDUSTRY VERTICAL, 2022 & 2030 (IN %)
FIGURE 9: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2023-2030 (IN $
MILLION)
FIGURE 10: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY BUILDING & CONSTRUCTION, 2023-2030 (IN $
MILLION)
FIGURE 11: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY ELECTRONICS, 2023-2030 (IN $ MILLION)
FIGURE 12: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY FOIL & PACKAGING, 2023-2030 (IN $ MILLION)
FIGURE 13: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, BY OTHER INDUSTRY VERTICALS , 2023-2030 (IN $
MILLION)
FIGURE 14: MIDDLE EAST
AND AFRICA ALUMINUM MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 15: UNITED ARAB
EMIRATES ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 16: TURKEY
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 17: SAUDI ARABIA
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 18: SOUTH AFRICA
ALUMINUM MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: REST OF
MIDDLE EAST & AFRICA ALUMINUM MARKET 2023-2030 (IN $ MILLION)