Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Product Types (Single Crystals, Copper Alloys), By Material Types (Aluminium, Steel, Gold, Tin, Others), By Applications (Petroleum, Oil & Gas, Chemical, Marine, Others) And Competitive Landscape
Product Code: ETC060059 | Publication Date: May 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Ingots Market is expected to have significant growth over the upcoming year on account of rapid industrialization, commercialization, growing penetration of electronics and surging manufacturing of motor vehicles coupled with increasing investments in the infrastructure and construction sector both in commercial and residential construction applications, the surging requirement of machinery for heavy-duty operations by the government and private companies. Additionally, government initiatives such as Qatar National Vision 2030, Saudi Vision 2021, Dubai Vision 2021, Kuwait Vision 2030 and Iraq vision 2027 would give a remarkable thrust to the development of non-oil sectors such as construction, transportation, manufacturing and renewable energy and power sectors which would lead to the growing demand for building Ingots market over the forthcoming years in the Middle East region. Moreover, the growing demand for scandium metal for increasing usage in the aerospace application would positively influence the growth of rare earth metals during the forecast period. However, in 2020, Ingot demand dropped in the first few months in every country due to the COVID-19 pandemic as the Ingots Market would experience a shortage from the supply side and the demand side. But demand is expected to pick up the normal pace at the end of 2021 with the gradual opening of markets that were under lockdown state to reduce the multiplying of coronavirus and continuance of daily activities shifting in the direction of maximum capacity deployment.
According to 6Wresearch, Middle East Ingots Market size is expected to witness substantial growth during 2021-2027. Saudi Arabia, Iran, Iraq, UAE contribute a major share of market demand in 2019 and are expected to lead throughout the forecast period as well, owing to a larger consumer base available in the countries. With the rise in the electronic industries Middle East region owing to the exponential growth in which UAE, Saudi Arabia is the leading revenue-generating countries. Bahrain is one of the largest producers of Aluminum in the world. Further, the Middle East region poses present lucrative opportunities in the future for the global Ingots Market during the given forecasted period due to the emerging need for growing urbanization, economic development, the shift towards a renewable-powered energy source and rising activities of mining in the region.
Based on the material type, Aluminium is projected to dominate the market revenues due to usage of the product in several industries including household & furniture, automotive, aerospace, and ships due to the aluminium ingots properties of lightweight, durability, good conductivity, soundproofing, heat resistivity, and mechanical features, followed by copper and bronze. Further, increasing the use of aluminium ingots in the aerospace industry as a substitute for honeycomb structures due to cost efficiency would fuel the market growth. Magnets segment also dominated the market share in 2019 and are projected to lead the market revenues over the coming years owing to large product applications in various industries including electronics, automotive and power generation. Gold ingots are in high demand in the energy and power industry due to application in solar cell generator for renewable energy sources. Moreover, with extensive focus on developing infrastructure and sustainable energy sources by Governments across the globe, the sector is expected to see huge growth.
The Middle East Ingots Market report thoroughly covers the Middle East Ingots Market by product types, applications, material types and countries including UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Turkey, and the Rest of the Middle East. The Middle East Ingots Market outlook report provides an unbiased and detailed analysis of the ongoing Middle East Ingots Market trends, opportunities/high growth areas, market drivers, and Market share by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
Markets Covered
The Ingots Market in Middle East includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Ingots Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Ingots Market Revenues & Volume, 2020 & 2027F |
3.3 Middle East Ingots Market - Industry Life Cycle |
3.4 Middle East Ingots Market - Porter's Five Forces |
3.5 Middle East Ingots Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Middle East Ingots Market Revenues & Volume Share, By Product Types, 2020 & 2027F |
3.7 Middle East Ingots Market Revenues & Volume Share, By Material Types, 2020 & 2027F |
3.8 Middle East Ingots Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Middle East Ingots Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Ingots Market Trends |
6 Saudi Arabia Ingots Market, 2017 - 2027 |
6.1.1 Saudi Arabia Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
6.1.2 Saudi Arabia Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
6.1.3 Saudi Arabia Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 UAE Ingots Market, 2017 - 2027 |
7.1 UAE Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
7.2 UAE Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
7.3 UAE Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 Qatar Ingots Market, 2017 - 2027 |
8.1 Qatar Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
8.2 Qatar Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
8.3 Qatar Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Kuwait Ingots Market, 2017 - 2027 |
9.1 Kuwait Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
9.2 Kuwait Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
9.3 Kuwait Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Oman Ingots Market, 2017 - 2027 |
10.1 Oman Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
10.2 Oman Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
10.3 Oman Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Bahrain Ingots Market, 2017 - 2027 |
11.1 Bahrain Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
11.2 Bahrain Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
11.3 Bahrain Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
12 Turkey Ingots Market, 2017 - 2027 |
12.1 Turkey Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
12.2 Turkey Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
12.3 Turkey Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
13 Rest of Middle East Ingots Market, 2017 - 2027 |
13.1 Rest of Middle East Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
13.2 Rest of Middle East Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
13.3 Rest of Middle East Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
14 Middle East Ingots Market Key Performance Indicators |
15 Middle East Ingots Market - Opportunity Assessment |
15.1 Middle East Ingots Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Middle East Ingots Market Opportunity Assessment, By Product Types, 2020 & 2027F |
15.3 Middle East Ingots Market Opportunity Assessment, By Material Types, 2020 & 2027F |
15.4 Middle East Ingots Market Opportunity Assessment, By Applications, 2020 & 2027F |
16 Middle East Ingots Market - Competitive Landscape |
16.1 Middle East Ingots Market Revenue Share, By Companies, 2020 |
16.2 Middle East Ingots Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |