Middle East & Africa Non-ferrous Scrap Recycling Market Size & Outlook
Middle East & Africa non-ferrous scrap recycling market, 2018-2030 (US$B)
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MEA non-ferrous scrap recycling market highlights
- The MEA non-ferrous scrap recycling market generated a revenue of USD 22.5 billion in 2023.
- The market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, lead was the largest revenue generating metal in 2023.
- Lead is the most lucrative metal segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 22.5 billion |
| Market revenue in 2030 | USD 29.2 billion |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Lead |
| Fastest growing segment | Lead |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Copper, Lead, Aluminum |
| Key market players worldwide | Hindalco Industries Ltd GDR, Aurubis AG, TSR Recycling, OmniSource Corporation, SA Recycling, Sims Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.6% of the global non-ferrous scrap 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 425.8 billion by 2030.
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Non-ferrous Scrap Recycling Market Scope
Non-ferrous Scrap Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa non-ferrous scrap 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 non-ferrous scrap recycling market will help companies and investors design strategic landscapes.
Lead was the largest segment with a revenue share of 71.11% in 2023. Horizon Databook has segmented the Middle East & Africa non-ferrous scrap recycling market based on copper, lead, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, the GDP of the Middle East & Africa reached 3.3% and 3.7%, respectively, 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 the GDP of the economy by diversifying its investments in sectors other than oil & gas. The growing consumption of aluminum and copper in the region is expected to boost the demand for non-ferrous scrap.
Additionally, increased investment in the industrial sector is anticipated to augment scrap generation in the country, thus creating demand for recycling activities in the region. For instance, in November 2023, Emirates Global Aluminium (EGA), an aluminum producer in the UAE, announced the beginning of construction of an aluminum recycling plant. A new facility with a capacity.
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Target buyers of Middle East & Africa non-ferrous scrap recycling market databook
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Our clientele includes a mix of non-ferrous scrap 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 non-ferrous scrap recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa non-ferrous scrap recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Non-ferrous Scrap Recycling Market Outlook Share, 2023 & 2030 (US$B)
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