Middle East Aluminium Market Report Forecast Till 2030

Middle East Aluminium Market by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, Other Types), by Type (Primary and Secondary), by End User Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil and Packaging, Electrical Engineering, Others) – Opportunity Analysis and Industry Forecast 2024–2030

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Middle East Aluminium Market by Product Type (Flat-Rolled, Castings, Extrusions, Forgings, Powder & Paste, Other Types), by Type (Primary and Secondary), by End User Industry (Transport, Consumer Goods, Machinery & Equipment, Construction, Foil and Packaging, Electrical Engineering, Others) – Opportunity Analysis and Industry Forecast 2024–2030

Middle East Aluminium Market was valued at USD 11.33 billion in 2023, and is predicted to reach USD 16.68 billion by 2030, with a CAGR of 5.0% from 2024 to 2030.

The Middle East aluminium market growth is propelled by the increasing emphasis on aluminium recycling, which offers various benefits such as energy savings, resource preservation, and minimized environmental impact. For instance, in January 2023, Emirates Global Aluminium, the largest industrial company in the United Arab Emirates, launched Aluminium Recycling Coalition, which aims to drive a step-change in aluminium recycling in the UAE. The Aluminium Recycling Coalition aims to promote aluminium recycling by UAE consumers, particularly beverage cans.

In addition, in June 2023, L'Occitane introduced the ‘Gift of Nature' campaign in the Middle East, emphasizing its commitment to sustainability. The brand, known for its association with aluminium, launched products made from recycled aluminium as part of this campaign. This initiative aligns with the growing focus on aluminium recycling in the region, contributing to the overall growth of the aluminium industry.

Middle East Aluminium Market
 
For instance, in 2021, Middle East inaugurated Scandinavia's biggest wind farm, "Kriegers Flak," which has a total capacity to cover the electricity consumption of approximately 600,000 Danish households. The emphasis on renewable energy sources and Middle East's commitment to transitioning to clean energy contribute to the demand for the aluminium market in the wind energy sector.

However, the aluminium industry is affected by environmental regulations and sustainability requirements such as emissions control, waste management, and energy efficiency targets, which can increase operational costs and pose challenges for some producers. Compliance with stringent emissions standards, waste management regulations, and energy consumption targets can require significant investments and efforts to reduce the environmental impact of aluminium production. These sustainability measures aim to minimize emissions, promote responsible waste management, and encourage energy efficiency. While these regulations are essential to promote a greener and more sustainable industry, they can add to the overall costs and complexities of aluminium production.

On the other hand, the increasing emphasis on sustainable packaging is expected to create ample growth opportunities for the market in the future. Aluminium is well-suited for applications such as cans, bottles, and foils, benefiting from its recyclability and ability to maintain product quality and freshness. Eco-conscious consumers and brands seeking to minimize their environmental impact prefer aluminium as a preferred choice. By opting for aluminium packaging, they reduce waste and promote sustainability, aligning with their commitment to a greener future. This growing demand for sustainable packaging solutions drives the growth of the aluminium market.

Middle East Aluminium Market

Segment Overview

• The Middle East aluminium industry is segmented on the basis of product type, type, and end user industry.
• By product type, the market is segmented into flat-rolled, casting, extrusions, forgings, power and paste, and other types.
• By type, the market is divided into primary and secondary.
• By end user industry, the market is classified into transport, consumer goods, machinery and equipment,

construction, foil and packaging, electrical engineering, and others.

Key Market Players

The key players in the Middle East aluminium market research include companies such as:

• Aluminium Corporation of China Limited (CHALCO)
• Hindalco Industries Ltd.
• Norsk Hydro ASA
• China Hongqiao Group Limited
• United Company RUSAL PLC
• Rio Tinto
• East Hope Group Company Limited
• Xinfa Group Co., Ltd.
• Alcoa Corporation
• Arconic Inc.
• Emirates Global Aluminium PJSC
• Vedanta Aluminium and Power
• Ma’aden
• South32
• Century Aluminium Company

Middle East Aluminium Market

KEY BENEFITS

• The Middle East aluminium market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the Middle East aluminium market is provided in the report.
• The competitive analysis of the market players along with their market share in the Middle East aluminium market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.

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