Middle East & Africa Recycled Metal Market Size & Outlook
Middle East Africa Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
MEA recycled metal market highlights
- The MEA recycled metal market generated a revenue of USD 20.3 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 20.3 million |
| Market revenue in 2030 | USD 28.9 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| 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, Aluminum, Copper |
| Key market players worldwide | Commercial Metals Co, Norsk Hydro ASA, Tata Steel Ltd GDR - 144A, European Metal Recycling, GFG Alliance, Novelis |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.6% of the global recycled metal market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 116.6 million by 2030.
The growth in construction and demolition activities, vehicle scrappage policies adopted by countries, and the launch of new EAF-based crude steel manufacturing facilities are the major drivers for the recycled metal market in the Middle East & Africa.
According to a report published by the Organization for Economic Cooperation and Development in January 2024, the Middle East & Africa region has a higher proportion of Electric arc furnaces (EAFs) compared to other regions.
In addition, the report observed that the crude steel-making capacity of this region is increasing continuously, accounting for 92.3 million tons per annum in 2022. Steel scrap is used as an important raw material in EAFs and can be directly used to manufacture crude steel.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| Norsk Hydro ASA | View profile | 32,724 | Drammensveien 264, Oslo, Norway, NO-0283 | www.hydro.com |
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | novelis.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | www.emrgroup.com/ |
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | www.gfgalliance.com |
Middle East & Africa Recycled Metal 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 Recycled Metal Market Outlook will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 78.82% in 2023.
Horizon Databook has segmented the Middle East & Africa recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in construction and demolition activities, vehicle scrappage policies adopted by countries, and the launch of new EAF-based crude steel manufacturing facilities are the major drivers for the recycled metal market in the Middle East & Africa.
According to a report published by the Organization for Economic Cooperation and Development in January 2024, the Middle East & Africa region has a higher proportion of Electric arc furnaces (EAFs) compared to other regions.
In addition, the report observed that the crude steel-making capacity of this region is increasing continuously, accounting for 92.3 million tons per annum in 2022. Steel scrap is used as an important raw material in EAFs and can be directly used to manufacture crude steel.
- Middle East & Africa Recycled Metal Market Material Outlook (Revenue, USD MIllion , 2018-2030)
- Steel
- Aluminum
- Copper
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Recycled Metal Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Recycled Metal Market, 2018-2030 (US$M)
MEA recycled metal market statistics, by material, 2018-2030 (US$M)
