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GCC Non-Ferrous Metals Outlook, 2021
Opportunity Assessment of the Aluminum and the Copper Value Chains and Evaluation of Future Impact and Go-to-market Strategies
14-Sep-2021
South Asia, Middle East & North Africa
Market Research
PB85-01-00-00-00
MM00016-SA-MT_25774
On the back of the GCC's Vision 2030, aluminum demand will be driven by developments in construction, packaging, and infrastructure.
Frost & Sullivan recognizes that value chain integration through secondary production is an emerging trend.
Electric vehicles are gaining popularity in the region, which will drive the need to localize aluminum foil production for lithium-ion battery cell packs.
New cities are likely to be established, which will drive the demand for aluminum wire rods and conductors to connect with the power grids.
HVAC companies in the GCC are major importers of raw material feedstock, and this holds tremendous potential for new investment.
The packaging sector holds significant potential in terms of the formation of localized foil mills and the establishment of a supply ecosystem to reduce import dependency.
The region also needs to develop a scrap recovery ecosystem (closed-loop recycling) and export value-added scrap rather than mere scrap.
The GCC is a net importer of copper cathodes, wherein lies the opportunity to set up a secondary smelter and leverage the low power cost the region offers. This will also reduce dependency on imports and virgin copper metal and encourage the move to a more sustainable business model. The absence of a smelter has resulted in high copper scrap exports (about 247 ktpa).
In the downstream space, the air conditioning and the refrigeration sectors offer tremendous growth potential due to the large presence of OEMs and contract manufacturers.
Recycling initiatives are a focal point of growth and sustainability in the GCC copper industry.
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Five Strategic Imperatives on the Non-ferrous Metals Industry
The Impact of the Top Five Strategic Imperatives on the Non-ferrous Metals Industry (continued)
The Growth Pipeline Engine™
Industry Highlights
Forecast Assumptions
Upstream Volume Forecast, Aluminum
Downstream Volume Forecast, Aluminum
Volume Forecast, Copper
Scope of Analysis
Industry Segmentation
Key Competitors by Product Category
Non-ferrous Metals Scrap Recyclers and Dealers
Growth Drivers
Growth Restraints
Pricing Trends
2025 GDP Growth Outlook, Saudi Arabia
Mining GDP and Policy Developments, Saudi Arabia
GDP Growth and Income Trends, UAE
Regional Positioning, UAE
Trend 1—Industry 4.0
Trend 2—Recyclability
Trend 3—Interlinking the Global Circular Economy
Trend 4—Sustainability and Cost Economics
Trend 5—EV Industry Shift to Lightweighting
Predictions for the Aluminum Industry, 2021
Predictions for the Copper Industry, 2021
Primary Aluminum Production Capacity
Downstream—Flat Rolled Aluminum Production Capacity
Downstream—Wire Rod Aluminum Production Capacity
Downstream—Aluminum Extrusion Production Capacity
Aluminum Industry Watch
Aluminum Scrap—Export and Import
Benefits of Aluminum Scrap Recycling
The Current Scrap Scenario and Challenges in the GCC
Environmental Benefits of Aluminum Recycling—A Reduced Carbon Footprint
Technology Trends
Copper Cathode Demand
Demand for Copper Products
Copper Scrap Exports and Imports
Copper Scrap Value Chain
Growth Opportunity 1—Lightweight Concepts for Higher Performance and a Cleaner Environment
Growth Opportunity 1—Lightweight Conceptsfor Higher Performance and a Cleaner Environment (continued)
Growth Opportunity 2—Cost Competitiveness for Large Volume Production
Growth Opportunity 2—Cost Competitiveness for Large Volume Production (continued)
Growth Opportunity 3—Recyclability and Sustainability for a Reduced Carbon Footprint
Growth Opportunity 3—Recyclability and Sustainability for a Reduced Carbon Footprint (continued)
Growth Opportunity 4—Market Shift to Asia for Higher Growth in Emerging Economies
Growth Opportunity 4—Market Shift to Asia for Higher Growth in Emerging Economies (continued)
Growth Opportunity 5—Backward and Forward Integration for the Development of the End-use Industry
Growth Opportunity 5—Backward and Forward Integration for the Development of the End-use Industry (continued)
Conclusions
Abbreviations and Acronyms
Abbreviations and Acronyms (continued)
List of Exhibits
List of Exhibits (continued)
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