Marché de l’aluminium en Arabie saoudite – Tendances et prévisions du secteur jusqu’en 2030

Analyse et taille du marché de l'aluminium en Arabie saoudite

Le marché de l'aluminium en Arabie saoudite devrait connaître une croissance significative au cours de la période de prévision de 2023 à 2030. Data Bridge Market Research analyse que le marché croît avec un TCAC de 2,9 % au cours de la période de prévision de 2023 à 2030 et devrait atteindre 2 909,17 millions USD d'ici 2030. Le principal facteur à l'origine de la croissance du marché est la popularité croissante des produits en aluminium parmi l'utilisateur final et la sensibilisation croissante aux propriétés des produits en aluminium.

L'aluminium est un élément chimique de symbole Al et de numéro atomique 13. C'est un métal léger de couleur blanc argenté qui appartient au groupe des métaux post-transitionnels du tableau périodique. L'aluminium est le troisième élément le plus abondant de la croûte terrestre, représentant environ 8 % de sa composition. L'aluminium a une faible densité, ce qui le rend léger par rapport à de nombreux autres métaux. Cette propriété le rend intéressant pour diverses applications où la réduction du poids est importante, comme dans les industries aérospatiale et automobile.

Le rapport sur le marché de l'aluminium en Arabie saoudite fournit des détails sur la part de marché, les nouveaux développements et l'impact des acteurs du marché national et local, analyse les opportunités en termes de poches de revenus émergentes, de changements dans la réglementation du marché, d'approbations de produits, de décisions stratégiques, de lancements de produits, d'expansions géographiques et d'innovations technologiques sur le marché. Pour comprendre l'analyse et le scénario du marché, contactez-nous pour un briefing d'analyste. Notre équipe vous aidera à créer une solution d'impact sur les revenus pour atteindre votre objectif souhaité.

Définition du marché

The most prevalent metallic element, making up more than 8% of the mass of the Earth's crust, aluminum is a lightweight, silvery-white, non-magnetic, and ductile metal. It is also the most often utilized non-ferrous metal. Roofing, foil insulation, windows, cladding, doors, shopfronts, balustrading, and architectural hardware are among the applications. Treadplates and commercial flooring are two more typical uses for aluminum.

Saudi Arabia Aluminum Market Dynamics

Drivers

• Increased adoption of aluminum in the construction and automotive sector

Aluminum is frequently used in construction due to its inherent lightness and resistance to corrosion. It may be used for exterior facades, roofs, walls, windows, doors, stairs, railings, shelves, and various other things. Intelligent facades utilizing aluminum technologies have been shown to reduce energy consumption in buildings by up to 50%. Energy efficiency is one of the primary factors used to measure the sustainability of buildings. The use of aluminum in residential, commercial, and infrastructure buildings is constantly rising in Saudi Arabia since the construction industry is one of the primary sectors in the country, which is expected to drive market growth.

• Manufacturers in saudi arabia utilize cutting-edge technological methods and processing equipment

Technical advancements in alloy research, product production techniques, and processing machinery continue to assist the aluminum sector. Any technique used to shape aluminum into a given shape is called an aluminum fabrication process. Various physical and chemical processes can be used in these methods to give aluminum various physical qualities. Extrusions, castings, rolling, and forgings are four of the most often used methods for manufacturing aluminum. Each one uses a different method and gives special metal qualities. Aluminum extrusion is for fast production and a wide variety of design options with an excellent surface finish, aluminum die castings is a simple, inexpensive process to obtain complex shapes, aluminum rolling for a sheet, plate, or aluminum foil, and forgings for a product require impact and fatigue resistance above else. Using these cutting-edge technological methods, product manufacturers in Saudi Arabia use them for different types of parts and applications, such as construction, electronics, automotive, aerospace, solar panels, telecommunications, and engineering tools, which is expected to drive market growth.

• Policies for decarbonization and transformation to a more sustainable world

Since Saudi Arabia's CO2 emissions are rising yearly, the country has committed to surpassing net zero carbon emissions by 2060. The nation is making significant investments in renewable energy sources while simultaneously trying to reduce energy waste and increase energy efficiency. Additionally, Saudi Arabia is investing in green infrastructure projects and researching ways to store and transmit energy. These initiatives demonstrate Saudi Arabia's commitment to combating climate change and setting an example for a more sustainable future which helps in driving market growth.

• Rise in demand for recycled aluminum products

In transitioning to a low-carbon economy, aluminum is being praised for its prodigious and expanding role. Metal is essential to many technologies used to work toward a more sustainable future. Secondary aluminum manufacturing is anticipated to become more important as the sustainability movement gains traction in fulfilling future demand. The most often recycled aluminum products are beverage cans, foils, automotive components, and siding. Various organizations gather aluminum scraps for sale to intermediaries and, in the end, to businesses that recycle the material to create new products due to the profitable nature of the industry. The most often recycled aluminum products are beverage cans, foils, automotive components, and siding, Various organizations gather aluminum scraps for sale to intermediaries and, in the end, to businesses that recycle the material to create new products due to the profitable nature of the industry. The most often recycled aluminum products are beverage cans, foils, automotive components, and siding. One of the most popular alloys used in the market for recycled aluminum is produced by smelters. It is typically made from clean and sorted wrought alloy scrap and is delivered as extrusion billets and rolling ingots. Aluminum appears to be a crucial element as the shift to a low-carbon economy accelerates. It is lightweight, sustainable, and used in renewable energy, beverage cans, electric vehicles, and buildings. Secondary aluminum manufacturing will continue to acquire relevance in this endeavor. Therefore, increased demand for recycled products is expected to drive market growth.

Opportunities

• Implementing sustainable solutions in the packaging and construction sectors

 Aluminum is the most adaptable packaging material globally due to its flexibility to take on any shape and its protective properties. Aluminum foil, aluminum cans, and other aluminum packaging materials can all be recycled and used indefinitely, another significant advantage. Aluminum foils and sheets are frequently used in food packaging and protection because of their durability, UV protection, ability to keep out moisture and odor, and lack of toxicity, which prevents leaching or tainting the items. Aluminum packaging helps preserve the environment and cuts waste because it is a recyclable material. Aluminum has a high level of sustainability and can be recycled several times without losing its integrity or quality. Aluminum may lower building and maintenance expenses throughout a home's lifetime since it is lightweight and strong. The world's newest environmentally friendly packaging material is aluminum. Both enterprises and consumers may make use of its numerous advantages. Aluminum bottles have a long shelf life because they are lightweight, strong, and recyclable. Aluminum bottle manufacturers profit from their reduced production costs. They are a common option for packaging materials as customers grow more aware of their influence on the environment. Thus, adopting sustainable solutions in the building and packaging industries are expected to provide opportunities for market growth.

• Favorable government initiatives promoting joint ventures and foreign investments

A commercial arrangement between two or more parties to collaborate on a certain project or activity and agree to split the profits, losses, and expenses is known as a joint venture. The parties may consist of people, corporations, or even governments. Joint ventures pool resources and knowledge to accomplish a common objective. The government's policies encourage local and foreign investment to advance Saudi Arabia's economic development and growth. These policies also make transfer conducting international commerce easier, promote employment growth, and transfer skilled resources. As a result, favorable government initiatives promote joint ventures and foreign investments, thus offering a wide opportunity for market growth.

Restraints/Challenges

• China and Russia’s robust aluminum production is fueling a significant surge in the global supply and overall aluminum market output

China produced most of the world's primary aluminum in 2020, accounting for around 65.3 million tons of the total, while contributions by nation vary (over 55%). Bauxite ore is converted into alumina at alumina refineries, which is smelted to create aluminum. Many nations produce aluminum, each with a distinct function to play in the world market. Primary aluminum production analysis by country reveals that each country contributes to the sector in certain ways. The country's robust manufacturing sector, which needs the metal for cars, buildings and construction, electronics, and consumer products, is one reason China is the world's largest producer of primary aluminum. As a result, China and Russia's aluminum production is fueling a significant surge in the global supply and overall aluminum market outlet. This is expected to restrain market growth.

• Volatility in aluminum and its raw material prices

Any industry's production process relies heavily on raw materials cost. Any change in the cost of raw materials directly influences the price of the finished product, which affects the market since consumers will start shopping for less expensive alternatives. The likelihood of changes in product costs and market expansion is higher when the price of raw materials is more volatile.

The basic process utilized to produce aluminum products is well-known and has a long history in the business. After mining, bauxite is processed to create alumina, which is transformed into aluminum. Therefore, ordinary bauxite and alumina are the primary raw materials used to manufacture aluminum. Climate, supply chain, demand, availability, constraints, and the nation's economic status are the only factors that affect these raw commodities' prices. Market volatility for raw materials typically arises from supply interruptions, sluggish demand, or substantial price peaks and troughs. Thus, the volatility in aluminum and its raw material prices is expected to restrain market growth.

• Energy intensive in the production of the aluminum industry

It is crucial to recognize the strong relationship between aluminum manufacturing and power production since aluminum smelting consumes a lot of energy. The energy required to make one ton of aluminum ranges from 4 to 14 MWh. This indicates that as much as 7% of the world's greenhouse gas emissions are caused by the production of aluminum and that the more aluminum is produced, the more carbon dioxide is emitted into the environment. This indicates that its price is relatively high. Businesses are having severe problems producing aluminum, which might hurt their bottom line due to the high cost of electricity. In addition, the cost of power in Saudi Arabia has climbed. It is likely to do so further in the future, which will have a greater influence on the energy costs for aluminum producers. Thus, the intensive energy requirement for manufacturing aluminum has a higher production cost. This further impact on the price of aluminum products. Owing to this, the cost of aluminum products costs is relatively high. This may pose a challenge to market growth.

• Toxic and environmental effects of aluminum products and their production

The production of aluminum uses more power and produces more Greenhouse Gases (GHG). Millions of tons of perfluorocarbon GHG gases, sulfur dioxide, nitrous oxides, and volatile compounds are also released during primary aluminum manufacturing along with CO2. The hazardous caustic red mud waste that is produced when alumina is refined for smelters. Aluminum manufacturing has several negative environmental repercussions. Another negative environmental effect of aluminum manufacturing is biodiversity loss. Topsoil is frequently lost during the extraction of aluminum from its ore, which can result in the extinction of plant and animal species that depend on that soil as a home. Aluminum recycling results in the emission of several hazardous compounds into the atmosphere. In addition, recycling aluminum yields a poisonous byproduct known as "dross" that must be buried in landfills. Aluminum must be heated to separate the pure metal from the impurities before it can be recycled. The salt cake is created as a byproduct of this operation. 200 to 500 kilos of salt cake are created for every tonne of molten aluminum. The cake includes metallic aluminum, aluminum oxides, carbides, nitrides, sulfides, and phosphides. Living things are extremely poisonous to the salt cake.

Heavy machinery is needed to shred, melt, and compress the aluminum for recycling. Fossil fuels, including coal, oil, and gasoline, are burned to power this machinery. Particulate matter, nitrogen oxides, and sulfur oxides are released during the burning of fossil fuels. Acid rain harms structures and kills plants because it is produced by sulfur and nitrogen oxides. People breathe in particulate matter, which can result in heart and lung issues and mortality.

In conclusion, it is clear that aluminum production has impacted our environment and may challenge market growth.

Recent Development

• In January 2023, Alcoa Corporation announced a restructure of its Executive Leadership Team to further enhance the Company's strict emphasis on operational efficiency, cost, and innovation. Two current members of the Executive Leadership Team will have their duties changed as of February 1, 2023, and a new Chief Financial Officer, William F. Oplinger, will be appointed. This reorganization will guarantee ongoing progress and put the spotlight on Alcoa's strategy for running low-cost, margin-focused, sustainable manufacturers

Saudi Arabia Aluminum Market Scope

Saudi Arabia aluminum market is categorized based on category, source, series, end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Category

• Castings
• Extrusions
• Forgings
• Flat Rolled Products
• Pigments and Powders

On the basis of category, the Saudi Arabia aluminum market is classified into four segments castings, extrusions, forgings, flat rolled products, and pigments and powders

  Source

• Primary (Fresh Aluminum)
• Secondary (Recycled Aluminum)

On the basis of weight capacity, the Saudi Arabia aluminum market is classified into two segments primary (fresh aluminum) and secondary (recycled aluminum)  

 Series

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

On the basis of distribution channel, the Saudi Arabia aluminum market is classified into eight segments series 1, series 2, series 3, series 4, series 5, series 6, series 7, and series 8.

End-User

• Automotive
• Industrial
• Building & Construction
• Electrical & Electronics
• Aerospace
• Household Appliances
• Engineering Tools
• Packaging
• Others

On the basis of resistant level, the Saudi Arabia aluminum market is classified into nine segments automotive, industrial, building & construction, electrical & electronics, aerospace, household appliances, engineering tools, packaging, and others.

Competitive Landscape and Saudi Arabia Aluminum Market Share Analysis

Saudi Arabia aluminum market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Saudi Arabia aluminum market.

Certains des principaux acteurs opérant sur le marché de l'aluminium en Arabie saoudite sont Al Taiseer Group Talco Industrial Company, Alcoa Corporation (Ma'aden), alupco, Aboura Metals, Alma et alsaleh, entre autres.

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