The UAE annual imports of aluminum and its products are estimated at USD 1,13 billion from 2015 to 2021. The aluminum foil factory in the UAE stands out as one of the promising investment opportunities in 2022 as the UAE has been working on enhancing non-oil industries, promoting domestic economy, and fulfill the aspiration of Vision 2030.
What is aluminum foil factory?
The factory produces aluminum foils in various sizes and thicknesses. Aluminum stands out for its exceptional corrosion resistance and low density, making it a crucial material in the aircraft, heavy haul and construction equipment industries. The aluminum foil factory provides various types of aluminum which characterized by its exceptional reactivity in the field of chemical catalysis. Aluminum foils are widely used in packaging medication, cosmetics, and food items such as juices, beverages, dairy products, and others.
In 2020, the value of the global aluminum foil market reached approximately USD 28.4 billion. It is expected to reach USD 47.4 billion by 2027, indicating a CAGR of 4.5% (from 2021 to 2027).
The average annual growth rate of the UAE imports of aluminum foil is approximately 6.60%. Given the current market conditions, Mashroo3k for Economic Consulting urges investors seeking investment opportunities in the UAE to pay close attention to the aluminum foil market, as it is one of the markets with a high demand for domestic products.
According to International Trade Centre statistics, the UAE imported around USD 191.5 million of aluminum foil in 2018. It is expected to increase up to USD 269.7 billion by 2027.
Don’t hesitate to contact the Mashroo3k Investor Services team for obtaining further details on the latest economic sector indicators and investment opportunities in the UAE, as well as prominent financing entities supporting prosperous investment projects in the UAE.
