Middle East & Africa Copper Scrap Market Size & Outlook
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MEA copper scrap market highlights
- The MEA copper scrap market generated a revenue of USD 568.1 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2033.
- In terms of segment, new scrap was the largest revenue generating feed material in 2023.
- Old Scrap is the most lucrative feed material segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2033.
MEA data book summary
| Market revenue in 2023 | USD 568.1 million |
| Market revenue in 2033 | USD 963.6 million |
| Growth rate | 5.4% (CAGR from 2024 to 2033) |
| Largest segment | New scrap |
| Fastest growing segment | Old Scrap |
| Historical data covered | 2021 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Old Scrap, New Scrap |
| Key market players worldwide | Aurubis AG, Commercial Metals Co, Glencore PLC, OmniSource Corporation, Ames Copper Group, Jain Metal Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.9% of the global copper scrap market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 89,517.5 million by 2033.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jain Metal Group | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://jainmetalgroup.com |
| Ames Copper Group | View profile | 51-100 | Shelby, North Carolina, United States, North America | https://www.amescoppergroup.com |
| Aurubis AG | View profile | 7305 | Hovestrasse 50, Hamburg, BY, Germany, 20539 | https://www.aurubis.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://www.omnisource.com/ |
| Commercial Metals Co | View profile | 13022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | https://www.cmc.com |
Middle East & Africa copper scrap 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 copper scrap market will help companies and investors design strategic landscapes.
New scrap was the largest segment with a revenue share of 85.99% in 2023. Horizon Databook has segmented the Middle East & Africa copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
According to the IMF, the GDP of the Middle East and Africa is projected to be 2.7% and 3.7%, respectively, in 2023. The region accounted for a revenue share of less than 1% of the global copper scrap market in 2023.
Countries in the region are developing at a fast pace owing to rapid industrialization and urbanization. For example, the UAE government plans to increase the contribution of the manufacturing industry to its economy by diversifying its investments in other industries.
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Our clientele includes a mix of copper scrap market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa copper scrap market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa copper scrap market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
MEA copper scrap market size, by country, 2021-2033 (US$M)
Middle East & Africa Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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