Saudi Arabia Aluminum Casting Market Outlook (2018 to 2032)

Year Value
2018 0.75
2019 0.79
2020 0.84
2021 0.89
2022 0.95
2023 1.0
2024 1.06
2025 1.12
2026 1.19
2027 1.26
2028 1.33
2029 1.41
2030 1.49
2031 1.57
2032 1.66
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Saudi Arabia Aluminum Casting Market Outlook (2018 to 2032)

Synopsis
The above chart is Saudi Arabia Aluminum Casting Market Outlook (2018 to 2032)

Market Dynamics

saudi arabia is one of the leading aluminum casting markets in the world. owing to its strategic location near major oil-producing states, aluminium casting industry is expected to surge in demand in the upcoming years. with the growing demand for aluminum castings, their demand is estimated to surpass 732 thousand metric tons in 2017. in terms of applications, the market is likely to be driven by end-user industries including automotive, construction, infrastructure, and other consumer products. in recent years, it has been observed that saudi arabia's automotive sector is growing rapidly and is expected to power the demand of aluminum casting industry in the coming years. the demand for construction and infrastructure are expected to go up significantly within the next 10 years. furthermore, aluminium is being increasingly used as a light-weight material substitute for other materials. in terms of technology, new trends like digital manufacturing, automation, 3d printing, and energy-efficient materials have significantly impacted the aluminum casting market in recent times. with the advancements in technological methods, cast components have become cost-efficient with shorter lead times. additionally, new and advanced non-destructive testing techniques for aluminum castings have been an advantageous factor. in terms of economic aspects, the aluminum casting market in saudi arabia is expected to gain from increasing government investments. the vision 2030 program and the modern infrastructure program of saudi arabia are expected to drive the investments in the market. furthermore, the upcoming makkah metro project is likely to spur the demand for aluminum castings in the country. the aluminum casting market in saudi arabia is expected to witness considerable growth in the coming years due to a healthy demand-supply scenario. with the country stepping up infrastructure and social projects, the aluminum casting market is expected to be witness a gradual increase in demand.

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