GCC Aluminum Castings Market, Forecast to 2022
|出版商||Frost & Sullivan||商品編碼||820538|
|出版日期||內容資訊||英文 58 Pages
|鋁鑄造的GCC各國市場:2022年為止的預測 GCC Aluminum Castings Market, Forecast to 2022|
|出版日期: 2019年03月26日||內容資訊: 英文 58 Pages||
Renewed Construction and Industrial Activity will Drive Market Growth
This research service analyzes the aluminum castings market in the Gulf Cooperation Council (GCC) region. The GCC market for aluminum castings is in its nascent stage, due to the absence of an established automotive industry. However, the demand for aluminum castings in this region will largely be driven by growth in end-user segments such as industrial, architectural building and construction (ABC), and railways. The region has abundant availability of raw materials (secondary alloys and foundry alloys) for the manufacture of aluminum castings. There are approximately 25 organized aluminum casting manufacturers in the GCC region. Some of the key participants in the GCC region include AIL Industries Company Ltd, Al Jaber Aluminum Fabrication, Alba Tower, Saudi Cast, Ducast, Abu Dhabi International Metal Casting Factory, and Castalum. The top 5 aluminum casting manufacturers contributed 71% to the total market production in 2017. Some of the key factors that drive growth include the upcoming building and construction projects in Saudi Arabia and the UAE. Furthermore, rise in economic activities and housing projects in Bahrain encourages market growth. The market is also impacted by Mega Trends pertaining to the organizing of events such as the FIFA World Cup 2022. Most of the GCC nations are exploring ways to diversify the economy and move away from depending heavily on oil. This will create growth opportunities for the construction industry in the region.
This research study covers the aluminum castings market, with the geographic scope confined to the GCC region. The study is segmented by type of production, countries, and type of alloy. Demand by type of production such as high-pressure die casting (HPDC), gravity die casting (GDC), low pressure die casting (LPDC), and sand casting is analyzed. Market segmentation by alloy types such as LM 24, LM 4, LM 21, LM 5, LM 6, and ADC 12 is also analyzed. The key end-user segments of aluminum castings in the GCC region include ABC, industrial, and automotive and transportation (predominantly railways).