PUBLISHER: Grand View Research | PRODUCT CODE: 1814142
PUBLISHER: Grand View Research | PRODUCT CODE: 1814142
The Middle East copper market size was estimated at USD 1,446.2 million in 2024 and is expected to reach USD 2,140.1 million by 2033, at a CAGR of 4.9% from 2025 to 2033. Copper is critical in solar panels, wind turbines, and associated grid infrastructure.
According to the International Energy Agency (IEA), expanding solar PV and wind capacity globally has sharply increased copper demand, especially for cabling, power conductors, and transformers. The market is witnessing steady growth, driven by the region's extensive infrastructure development and diversification efforts under national transformation agendas such as Saudi Vision 2030 and the UAE's Economic Vision 2031. Copper's superior conductivity and corrosion resistance make it indispensable in building wiring, plumbing, roofing, and other construction applications. Rapid urbanization, coupled with large-scale investments in residential, commercial, and public infrastructure projects-including smart cities, transportation networks, and industrial zones is fuelling copper consumption across the Gulf and wider region.
The shift toward renewable energy is emerging as a key growth driver, as copper plays a critical role in solar photovoltaic installations, wind turbines, electric grids, and energy storage systems. Middle Eastern nations are ramping up renewable capacity to meet clean energy targets, with the UAE's Mohammed bin Rashid Al Maktoum Solar Park and Saudi Arabia's NEOM Green Hydrogen Project being notable examples. These initiatives, alongside regional efforts to modernize and expand electricity transmission and distribution networks, significantly increase the demand for copper-intensive infrastructure.
The automotive sector, particularly the growing interest in electric vehicles (EVs), is adding another dimension to copper demand in the region. EVs require more copper than traditional vehicles for batteries, wiring harnesses, and electric motors. Regional governments are introducing incentives and infrastructure for EV adoption, while luxury and performance EV brands are expanding into Middle Eastern markets. This trend, paired with ongoing investments in EV charging stations, is set to boost copper usage in transportation applications.
In addition, advancements in manufacturing, industrial automation, and electronics reinforce copper's role in the Middle East's industrial transformation. Copper is essential for semiconductors, circuit boards, and high-performance wiring in consumer electronics, industrial machinery, and smart technologies. The role of 5G networks, expansion of data centers, and proliferation of IoT-enabled devices further enhance its demand profile.
Sustainability and resource efficiency are also gaining traction, making copper recycling a strategic priority for regional industries. Given copper's ability to retain its properties indefinitely, investments in scrap collection, recovery technologies, and secondary smelting are growing. These efforts support environmental goals and provide a stable supplementary supply to meet the region's long-term demand, reducing reliance on imported primary copper amid global market fluctuations.
Middle East Copper Market Report Segmentation
This report forecasts revenue and volume growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East copper market report based on type, product, end use, and region: