The MEA aluminum extrusion market size is expected to reach USD 2.78 billion by 2030, registering a CAGR of 6.8% from 2025 to 2030. The demand for aluminum extrusion products in UAE and Saudi Arabia is expected to drive market growth over the long term.
The building & construction sector dominated the overall market with a volume share of 73.8% in 2020. In terms of volume, the UAE aluminum industry is estimated to grow at a CAGR of 1.9% over the forecast period. The UAE is a lucrative construction market, which offers attractive propositions for global investors. In addition, the emergence of the country as one of the financial hubs of the world further prompted the growth of the construction sector in the country. The market in the country is dominated by Dubai and Abu Dhabi.
In terms of volume, the electrical & energy segment depicts high growth and penetration in 2020. The growth is attributable to the upcoming renewable energy projects, which are being constructed to reduce carbon dioxide emissions in the region. The construction of solar and wind energy farms is anticipated to accelerate the demand for aluminum extrusion in the MEA region over the forecast period.
Qatar is a developing country in the region with potential growth for the market. The manufacturers in the country are increasing their customer base by adopting strategic initiatives, such as mergers & acquisitions. For example, in November 2020, Qatar Aluminum Extrusion acquired Abdul Noor Aluminum Extrusion factory. The acquisition increased Qatar Aluminum Extrusions’ production capacity to 30 kilotons per annum.
The implementation of large-scale infrastructure projects associated with the 2022 FIFA World Cup played a significant role in driving the demand for aluminum extruded products in Qatar. However, the FIFA-related investments have slowed down since 2018 following a rapid boom from 2011 until 2018. The slowdown is majorly caused by the emergence of coronavirus and slugging economic growth since the latter half of FY 2019.
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The building & construction sector dominated the overall market with a volume share of 73.8% in 2020. In terms of volume, the UAE aluminum industry is estimated to grow at a CAGR of 1.9% over the forecast period. The UAE is a lucrative construction market, which offers attractive propositions for global investors. In addition, the emergence of the country as one of the financial hubs of the world further prompted the growth of the construction sector in the country. The market in the country is dominated by Dubai and Abu Dhabi.
In terms of volume, the electrical & energy segment depicts high growth and penetration in 2020. The growth is attributable to the upcoming renewable energy projects, which are being constructed to reduce carbon dioxide emissions in the region. The construction of solar and wind energy farms is anticipated to accelerate the demand for aluminum extrusion in the MEA region over the forecast period.
Qatar is a developing country in the region with potential growth for the market. The manufacturers in the country are increasing their customer base by adopting strategic initiatives, such as mergers & acquisitions. For example, in November 2020, Qatar Aluminum Extrusion acquired Abdul Noor Aluminum Extrusion factory. The acquisition increased Qatar Aluminum Extrusions’ production capacity to 30 kilotons per annum.
The implementation of large-scale infrastructure projects associated with the 2022 FIFA World Cup played a significant role in driving the demand for aluminum extruded products in Qatar. However, the FIFA-related investments have slowed down since 2018 following a rapid boom from 2011 until 2018. The slowdown is majorly caused by the emergence of coronavirus and slugging economic growth since the latter half of FY 2019.
MEA Aluminum Extrusion Market Report Highlights
- The building & construction application was the largest segment, in terms of volume as well as revenue. The focus of various governments in MEA to improve their country’s infrastructure is projected to assist the segment growth.
- In terms of revenue, the automotive & transportation is expected to grow at the second-fastest CAGR from 2024 to 2030 due to increasing focus on the development of lightweight vehicles and rising aluminum content in vehicles.
- The rods & bars segment is expected to register the second-fastest CAGR over the forecast period. The demand in electrical transmission lines and upcoming energy projects are projected to boost the segment growth.
- The UAE was the largest regional market, in terms of volume as well as revenue, and is expected to continue its dominance over the forecast period due to rapid expansion of the building & construction and automotive industries in the country.
- The market is fragmented due to the presence of several small- and medium-sized companies. Rising focus on R&D along with eco-friendly manufacturing plants is expected to provide a competitive edge to some of the companies.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the MEA Aluminum Extrusion market include:
- Alupco
- Gulf Extrusions Co. LLC
- Taweelah Shapes Extrusion Co. (TALEX) LLC
- National Shapes Products Company SAOG (NAPCO)
- Balexco Bahrain Aluminium Extrusion Company
- Emirates Extrusion Factory LLC
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. MEA Aluminum Extrusion Market Variables, Trends & Scope
Chapter 4. MEA Aluminum Extrusion Market: Product Outlook Estimates & Forecasts
Chapter 5. MEA Aluminum Extrusion Market: End Use Outlook Estimates & Forecasts
Chapter 6. MEA Aluminum Extrusion Market Country Outlook Estimates & Forecasts
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Alupco
- Gulf Extrusions Co. LLC
- Taweelah Shapes Extrusion Co. (TALEX) LLC
- National Shapes Products Company SAOG (NAPCO)
- Balexco Bahrain Aluminium Extrusion Company
- Emirates Extrusion Factory LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.89 Billion |
| Forecasted Market Value ( USD | $ 2.78 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 6 |
