Development of the transport industry, technological developments, and supportive government regulations drive the growth of the Saudi Arabia aluminum market. Based on series, the series 1 segment contributed to the highest market share with more than one-fifth of the total share in 2018, and would maintain its lead status throughout the forecast period. Based on processing method, the extrusion segment contributed to nearly one-third of the total share in 2018.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
Based on series, the series 1 segment contributed to the highest market share with more than one-fifth of the total share in 2018, and is estimated to maintain its lead status throughout the forecast period. On the other hand, the series 7 segment would witness the largest CAGR of 8.5% from 2019 to 2026. The report also analyzes segments such as series 2, series 3, series 4, series 5, series 6, series 8, and series 9.
The Saudi Arabia aluminum market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on end-use industry, the electrical segment accounted for the largest market share with more than one-fourth of the total market share in 2018, and is expected to maintain its largest contribution by 2026. However, the foil & packaging segment is estimated to maintain the highest CAGR of 7.3% from 2019 to 2026. The research also analyzes segments such as building & construction, transportation, industrial, consumer durable, and others.
Saudi Arabia aluminum Companies Covered Market:- Aboura Metals, Al Taiseer Aluminium Company, Al Saudia metal scrap trading LLC, Aluminum Product Company (Alupco), Alcoa Corporation, Nesma Recycling Co. Ltd., Maaden – Saudi Arabian Mining Company, Star Steel Factory Co. Ltd and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Saudi Arabia aluminum market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Saudi Arabia aluminum market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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