Middle East & Africa Metal Recycling Market Size & Outlook
Middle East & Africa metal recycling market, 2018-2030 (US$M)
Related Markets
MEA metal recycling market highlights
- The MEA metal recycling market generated a revenue of USD 31,791.4 million in 2023.
- The market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, aluminum was the largest revenue generating metal in 2023.
- Aluminum is the most lucrative metal segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 31,791.4 million |
| Market revenue in 2030 | USD 41,637.3 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Copper, Aluminum, Other Metals |
| Key market players worldwide | European Metal Recycling, Commercial Metals Co, GFG Alliance, Norsk Hydro ASA, Schnitzer Steel Industries, Novelis, Tata Steel Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global metal recycling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 607,825.4 million by 2030.
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Metal Recycling Market Scope
Metal Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa metal recycling 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 metal recycling market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 50.24% in 2023. Horizon Databook has segmented the Middle East & Africa metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, the GDP of the Middle East and Africa reached 2.7% and 3.7%, respectively, in 2023. A relevant indicator of economic growth is the performance of various core industries such as construction and infrastructure. Countries in the region are developing at a fast pace owing to ongoing industrialization and urbanization.
As a part of its ongoing efforts to divest from an oil-based economy, the Government of Saudi Arabia has allocated one-third of its oil production for the manufacturing of petrochemicals as a part of its Vision 2030 objectives. Several planned projects are under development in the country.
Similarly, various upcoming petrochemical projects in the UAE are anticipated to surge the demand for construction materials, consumer goods, and industrial goods in the country in 2024. For instance, the TAZIZ Ruwais Complex in Abu Dhabi for the production of petrochemicals, which is expected to be commissioned in 2028, is anticipated to use natural gas as its feedstock.
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Our clientele includes a mix of metal recycling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa metal recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Metal Recycling Market Outlook Share, 2023 & 2030 (US$M)
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