UAE Aluminum Casting Market Outlook

the aluminum casting market in uae has been steadily growing over the years and is set to continue to expand in the coming years. the uae’s aluminum casting industry is a major contributing factor to its economy, as it produces many products such as automotive components, construction materials, and electrical and electronic parts. the nation’s aluminium casting industry is well-developed and highly advanced. the market is characterised by technologically-advanced foundries and the use of sophisticated alloys. the presence of international firms in the aluminum casting market gives the uae an advantage over other regional markets. the key factors driving the growth of the aluminum casting market in the uae are rapid urbanisation and growing infrastructure investment. the growth in infrastructure and construction are estimated to drive demand in the coming years. additionally, the automotive sector in the uae is booming, as many global car brands have set up shops in the country, creating additional demand for aluminum casting components. the market is currently dominated by tier 1 and tier 2 players, including alcoa, sahara and top cast, with the companies accounting for more than 70% of the market share. in the future, smaller, independent players are expected to increase their presence in the uae market. this is mainly due to the presence of global players in the industry with high capabilities and advanced technologies. in addition, increasing investments in r&d and technology is anticipated to strongly contribute to the growth of the uae aluminium casting market. furthermore, recently launched initiatives such as the uae industry innovation strategy and the vision 2021 aim to support research and development efforts in this sector and are expected to create new opportunities and boost demand for aluminum casings in the uae. finally, the government’s efforts to improve existing conditions, such as tax incentives, are expected to help the aluminum casting companies in the uae to flourish in the long-term. this will help them to remain competitive in the global market and attract more foreign investments. as a result, the outlook for the uae aluminum casting market looks positive. it is expected to grow at a healthy rate and become an important contributor to the nation’s economy in the years ahead.