Middle East & Africa High Strength Aluminum Alloys Market Size & Outlook
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MEA high strength aluminum alloys market highlights
- The MEA high strength aluminum alloys market generated a revenue of USD 2,083.5 million in 2019.
- The market is expected to grow at a CAGR of 2.2% from 2020 to 2027.
- In terms of segment, aerospace was the largest revenue generating application in 2019.
- Defense & Space is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2019 | USD 2,083.5 million |
| Market revenue in 2027 | USD 2,481.3 million |
| Growth rate | 2.2% (CAGR from 2019 to 2027) |
| Largest segment | Aerospace |
| Fastest growing segment | Defense & Space |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerospace, Automotive, Railway & Marine, Defense & Space |
| Key market players worldwide | Hexcel Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global high strength aluminum alloys market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 8,207.8 million by 2027.
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High Strength Aluminum Alloys Market Scope
High Strength Aluminum Alloys Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
Middle East & Africa high strength aluminum alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to high strength aluminum alloys market will help companies and investors design strategic landscapes.
Aerospace was the largest segment with a revenue share of 26.42% in 2023. Horizon Databook has segmented the Middle East & Africa high strength aluminum alloys market based on aerospace, automotive, railway & marine, defense & space covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa High Strength Aluminum Alloys Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Defense & Space
- Others
- Railway & Marine
- Aerospace
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa high strength aluminum alloys market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa high strength aluminum alloys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa High Strength Aluminum Alloys Market Outlook Share, 2023 & 2030 (US$M)
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