GCC Non-Ferrous Metals Outlook, 2021

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

RELEASE DATE
14-Sep-2021
REGION
South Asia, Middle East & North Africa
Research Code: PB85-01-00-00-00
SKU: MM00016-SA-MT_25774
$4,950.00
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$4,950.00
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Description

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.

Table of Contents

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)

Legal Disclaimer

Related Research
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.
More Information
No Index No
Podcast No
Author Sanchit Datta
WIP Number PB85-01-00-00-00
Is Prebook No
GPS Codes 9AAB-A5,9595