Uae Recycled Metal Market Size & Outlook, 2023-2030
Uae Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
UAE recycled metal market highlights
- The UAE recycled metal market generated a revenue of USD 1.7 million in 2023 and is expected to reach USD 2.3 million by 2030.
- The UAE market is expected to grow at a CAGR of 4.5% 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.
Recycled metal market data book summary
| Market revenue in 2023 | USD 1.7 million |
| Market revenue in 2030 | USD 2.3 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Aluminum |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 0.5% of the global recycled metal market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.3 million by 2030.
The rapid urbanization and infrastructure development have led to a surge in construction and demolition activities. This is due to the need for new residential buildings, commercial complexes, transportation networks, and public utilities to cater to the growing population, improved living standards, and employment opportunities.
As a result, old and outdated structures need to be demolished to make way for new construction. In June 2022, the process of replacing approximately 290 homes from the 1970s with townhouses and high-end villas began in Jebel Ali Village through demolition.
The demolished construction site is the source of metal scraps such as steel and aluminum. Hence, growth in the demolition of buildings is anticipated to drive scrap generation in the U.A.E. Moreover, the adoption of EAFs is driving the demand for metal scrap.
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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 |
UAE 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 47.06% in 2023.
Horizon Databook has segmented the Uae recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
The rapid urbanization and infrastructure development have led to a surge in construction and demolition activities. This is due to the need for new residential buildings, commercial complexes, transportation networks, and public utilities to cater to the growing population, improved living standards, and employment opportunities.
As a result, old and outdated structures need to be demolished to make way for new construction. In June 2022, the process of replacing approximately 290 homes from the 1970s with townhouses and high-end villas began in Jebel Ali Village through demolition.
The demolished construction site is the source of metal scraps such as steel and aluminum. Hence, growth in the demolition of buildings is anticipated to drive scrap generation in the U.A.E. Moreover, the adoption of EAFs is driving the demand for metal scrap.
- Uae 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 country-level data and insights on the UAE Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into UAE Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Uae Recycled Metal Market, 2018-2030 (US$M)
UAE recycled metal market statistics, by material, 2018-2030 (US$M)
