Saudi Arabia Aluminium-Extrusion Market By Product Type (Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Shape (Composite Shapes, Rods & Bars and Pipes & Tubes), By Region,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Aluminium-Extrusion Market By Product Type (Mill-Finished, Anodized and Powder-Coated), By End-Use Industry (Building & Construction, Automotive & Transportation, Electrical & Electronics, Consumer Durables and Others), By Alloy Type (1000 Series, 2000 Series, 3000 Series, 5000 Series, 6000 Series and 7000 Series), By Shape (Composite Shapes, Rods & Bars and Pipes & Tubes), By Region,
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 1.63 Billion |
| Largest Market | Riyadh |
| CAGR (2023-2028) | 5.48% |
| Fastest Growing Segment | Automotive & Transportation |
The global Steel Long Products Market has valued at USD 1.63 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.48% through 2028.
Aluminium extrusion is the process of shaping Aluminium using a mold cavity. In the extrusion process, the ram pushes the Aluminium product out of the mold and comes out with the same shape as the mold. After the Extrusion product has cooled, it is moved to a certain distance so that it is perfectly straight. There are basically three shapes of Aluminium extrusionsHollow, Semi-Hollow and Solid. Aluminium extrusions are widely used in the building and construction, automotive and transportation, and electrical industries.
Increase in Demand for Housing Boosts Aluminium-Extrusion Market in the Forecast Period
Saudi Arabia residential market grew in the third quarter of 2022, and apartment prices in Riyadh increased at the highest rate in at least five years by 17% 2024-2032-2022. During the same time, villa prices increased by close to 10%.
The arrival of Saudi nationals and expatriates moving to Riyadh from other cities is directly fuelling the rising demand, which is being fuelled by a growing urban population. Apartment prices in Jeddah, like those in Riyadh, increased by 11.7%, in 2022.
The increase in demand for housing in Saudi Arabia has significantly boosted the aluminium-extrusion market. As the country experiences population growth and urbanization, there is a rising need for residential construction, which drives the demand for aluminium extrusions. Aluminium extrusions are widely used in the construction industry for window frames, door frames, curtain walls, and other structural components. The lightweight, durability, and versatility of aluminium, make it a preferred choice for building materials. The surge in housing demand in Saudi Arabia has created a robust market for aluminium extrusions, stimulating growth and opportunities for manufacturers in the industry.
Increase in Demand of Lightweight Materials in Automotive Will Propel the Market in the Forecast Period
The automotive industry is seeing an increase in the development of lightweight materials like aluminum, which makes it possible to make vehicles with lighter bodies. Client prerequisites, like style, tasteful appearance, decreased NVH (commotion, vibration, and cruelty), and solace, are additionally impacting lightweight materials innovation. New manufacturing processes, secondary mass effects, and integrated vehicle system design have all contributed to a weight reduction of nearly 30% in high-strength steel-intensive vehicle bodies and nearly 40% in aluminum-intensive vehicle bodies thanks to mass-optimized design technology. Even though aluminium has been used for a long time in automotive, the market is driven by innovations in aluminium industry such as increase in aluminium’s strength and ductility and related casting machinery. For instance, Tesla CEO Elon Musk announced in September 2024-2032 that a single aluminium casting machine-made module would replace 70 components that were bonded and riveted into the rear underbody of the new Model Y.
In general, EVs use aluminium extrusion products to increase range of vehicle, safety, and overall driving aesthetics, along with improving fuel economy (in PHEVs). The parts where aluminium extrusions can be used are Space frames, doors, hoods, hang-on parts, trunk lids, bumpers, crash boxes, bodies in white, and car bodies, among other components. Regulatory authorities emphasized on fuel efficiency and light weight of the body, due to which market is expected to expand over the forecast period as they implement laws to cut carbon emissions and materials costs through constant R&D.
Giga Infrastructure Projects in Saudi Arabia to Boost the Construction Market Sector
Saudi Arabia's many Giga projects in progress, such as transportation and mobility initiatives like the Riyadh Metro, social infrastructure developments like the Ministry of Housing's Sakani program, and energy megaprojects like the state-owned Aramco's Berri and Marjan Oil Fields, highlight the significance of construction and many more in the list.
The Saudi Arabia big cities, which are currently under construction, will provide future growth as the nation's economy enters a post-oil era. More than 5,200 construction projects worth USD819 billion are underway in Saudi Arabia. The value of these ongoing projects in the Gulf Cooperation Council (GCC) is approximately 35% of the total value. Neom, the Red Sea Project, Qiddiya entertainment city, Amaala, Jean Nouvel's Sharaan resort in Al-Ula, Makkah Grand Mosque – Third Expansion, Jeddah Tower, Ministry of Housing's Sakani homes, Jabal Omar, Al Widyan, Riyadh Metro, Riyadh Rapid Bus Transit System, King Fahd Medical City Expansion, King Abdullah Bin Abdulazi, among others, are some of the major Infrastructure projects that are currently active or some will be started in near future. As per rising projects, the demand of Aluminium-Extrusion in manufacturing process is positively impacted. However, all Giga Infrastructure Projects in Saudi Arabia that are explained above, will boost the market in the forecast period.
Emerging Technologies and Innovations in Saudi Arabia Aluminium-Extrusion Market
Extrusion of aluminium is a tried-and-best method for generating intricate designs and forms out of aluminium alloys. It is used extensively in construction, automotive, aerospace, consumer goods, and other sectors. Since years, aluminium extrusion has undergone numerous improvements, resulting in a more cost-effective and efficient method. New technologies that promise to further alter the process have emerged in recent years.
Some of the Emerging Technologies and Innovations are
- Three-dimensionalprinting The ability of 3D printingtechnology to produce very complicated designs quickly and affordably hasgrabbed interest in a wide range of sectors. The necessary extrusion dies canbe made using 3D printing in aluminium extrusion. This technology can producedetailed shapes and geometries that are difficult to achieve using otherdie-making methods. Its flexibility can make it possible to make new designsand cut down on the amount of time and money spent making traditional dies.
- Hot Extrusion Themodern innovation known as hot expulsion includes extruding aluminum at highertemperatures than those utilized in more routine strategies. The aluminum getsto be more adaptable because of the tall temperatures, making it conceivable toexpel more slender dividers and more troublesome plans. By utilizing hotexpulsion, aluminum parts can be made more grounded and more complicated,decreasing the requirement for extra fabricating steps.
- Artificial Intelligence Theprominent field of artificial intelligence (AI) has the potential to transformnumerous industries, including aluminium extrusion. AI can be used to make theextrusion process work better, resulting in less waste of materials and goodproducts. Extrusion component flaws can also be detected by AI, reducing theneed for manual inspection, and improving quality control.
- Robotics Anemerging trend in aluminium extrusion is robotic technology. The extrusionprocess can be automated with robots, reducing the need for human labour, andincreasing productivity. Material handling and product inspection are two otherareas where robotic technology can be used to improve quality control andshorten lead times in Aluminium Extrusion. All the above-mentioned technologiesare gaining traction, due to which the market is expected to register a highCAGR in the future time frame.
The process of aluminium extrusion has a bright future due to new developments and technologies that assure to further modernize it. The aluminium extrusion industry's future will be shaped by new technologies like 3D printing, hot extrusion, hybrid extrusion, nanostructured aluminium, recycling, artificial intelligence, and robotics. The aluminium extrusion process is even more interesting because these technologies make it possible to increase design flexibility, efficiency, cost-effectiveness, and quality control.
Market Segments
Market Players
The market players in the Saudi Arabia Aluminium-Extrusion Market include Aluminium Products Company Ltd., Eastern Aluminium Extrusion, Emirates Global Aluminium, Gulf Extrusion Company LLC, Al Taiseer Aluminium Company, Taweelah Aluminium Extrusion Company LLC, National Aluminium Products Company, Elite Extrusion LLC, Emirates Extrusion Factor LLC, Arabian Extrusions Factory.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018– 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Product Type End-Use Industry Alloy Type Shape Region |
| Regional scope | Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia |
| Key companies profiled | Aluminium Products Company Ltd., Eastern Aluminium Extrusion, Emirates Global Aluminium, Gulf Extrusion Company LLC, Al Taiseer Aluminium Company, Taweelah Aluminium Extrusion Company LLC, National Aluminium Products Company, Elite Extrusion LLC, Emirates Extrusion Factor LLC, Arabian Extrusions Factory |
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