PUBLISHER: Grand View Research | PRODUCT CODE: 1842239
PUBLISHER: Grand View Research | PRODUCT CODE: 1842239
Middle East Ferrous Scrap Recycling Market Size, Share & Trends Analysis Report By Sector (Construction, Automotive, Consumer Goods, Industrial Goods), By Country (Saudi Arabia, UAE, Oman, Qatar, Iran), And Segment Forecasts, 2025 - 2033
Middle East Ferrous Scrap Recycling Market Summary
The Middle East ferrous scrap recycling market size was valued at USD 4.5 million in 2024 and is projected to reach USD 6.8 million by 2033, growing at a CAGR of 4.8% from 2025 to 2033. Market growth is driven by regional steel manufacturers' increasing focus on reducing carbon emissions.
The use of recycled steel is rising as it requires less processing for reuse, while the adoption of electric arc furnaces (EAFs) is increasing, cutting carbon emissions by around 70%. These sustainability initiatives are expected to continue supporting the market's growth in the Middle East.
The Middle East's ferrous scrap recycling market is experiencing significant growth, driven by economic benefits and a strong emphasis on reducing carbon emissions. Steel is among the most recycled materials in the region, contributing to job creation and environmental sustainability.
Recent global trade and policy developments are positively impacting the ferrous scrap recycling market. For instance, the U.S. has implemented a 25% tariff on all steel and aluminum imports, eliminating previous exemptions. This move mandates that qualifying steel must be "melted and poured" and aluminum "smelted and cast" within the U.S., aiming to curb the influx of carbon-intensive materials and bolster domestic production.
In the Middle East, steelmakers are increasingly investing in Electric Arc Furnace (EAF) technology to reduce carbon emissions. EAFs, which utilize recycled steel, are gaining popularity due to their lower environmental impact compared to traditional blast furnaces. For example, a green steel producer in the UAE is planning to establish a facility with a production capacity of 6 million tons per year of crude steel. This project is currently at the stage of approval, reflecting the region's commitment to sustainable steel production.
Additionally, the Middle East and North Africa (MENA) region is actively participating in international dialogues on green steel. The MENA Green Steel Summit 2024, held in Dubai, brought together professionals from the iron and steel industry to discuss trends and developments in green steel, highlighting the region's role in the global transition towards sustainable steel production.
Middle East Ferrous Scrap Recycling Market Report Segmentation
This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East ferrous scrap recycling report on the basis of sector and country.
- Sector Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Construction
- Automotive
- Consumer Goods
- Industrial Goods
- Country Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Saudi Arabia
- UAE
- Oman
- Qatar
- Iran
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Middle East Scrap Recycling Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Trends
- 3.5.3.1. Macroeconomic Trends
- 3.5.3.2. Trade Scenario
- 3.5.3.3. ESG Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Middle East Ferrous Scrap Recycling Market: Sector Estimates & Trend Analysis
- 4.1. Middle East Ferrous Scrap Recycling Market: Sector Movement Analysis, 2024 & 2033
- 4.2. Construction
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.3. Automotive
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.4. Consumer Goods
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.5. Industrial Goods
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Middle East Ferrous Scrap Recycling Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2024 & 2033
- 5.2. Middle East
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.2. Market estimates and forecasts, by sector, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.3. Saudi Arabia
- 5.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.3.2. Market estimates and forecasts, by sector, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.4. UAE
- 5.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.4.2. Market estimates and forecasts, by sector, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.5. Oman
- 5.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.5.2. Market estimates and forecasts, by sector, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.6. Qatar
- 5.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.6.2. Market estimates and forecasts, by sector, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.7. Iran
- 5.2.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.7.2. Market estimates and forecasts, by sector, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Kraljic Matrix
- 6.3. Company Categorization
- 6.4. Heat Map Analysis
- 6.5. Vendor Landscape
- 6.5.1. List of Raw Material Suppliers
- 6.5.2. List of Distributors
- 6.5.3. List of Other Prominent Manufacturers
- 6.6. List of Prospective End Users
- 6.7. Strategy Mapping
- 6.8. Company Profiles/Listing
- 6.8.1. Al Ahmadi General Trading
- 6.8.1.1. Company Overview
- 6.8.1.2. Financial Performance
- 6.8.1.3. Product Benchmarking
- 6.8.2. Al Qaryan Group
- 6.8.2.1. Company Overview
- 6.8.2.2. Financial Performance
- 6.8.2.3. Product Benchmarking
- 6.8.3. ARM Metal Recycling
- 6.8.3.1. Company Overview
- 6.8.3.2. Financial Performance
- 6.8.3.3. Product Benchmarking
- 6.8.4. Boudal Incorporate
- 6.8.4.1. Company Overview
- 6.8.4.2. Financial Performance
- 6.8.4.3. Product Benchmarking
- 6.8.5. Middle East Scrap Co.
- 6.8.5.1. Company Overview
- 6.8.5.2. Financial Performance
- 6.8.5.3. Product Benchmarking
- 6.8.6. PGI Group
- 6.8.6.1. Company Overview
- 6.8.6.2. Financial Performance
- 6.8.6.3. Product Benchmarking
- 6.8.7. Sharif Metals International
- 6.8.7.1. Company Overview
- 6.8.7.2. Financial Performance
- 6.8.7.3. Product Benchmarking
- 6.8.8. SJ Iron & Metals Co.
- 6.8.8.1. Company Overview
- 6.8.8.2. Financial Performance
- 6.8.8.3. Product Benchmarking
- 6.8.9. Toronto Metals Trading LLC
- 6.8.9.1. Company Overview
- 6.8.9.2. Financial Performance
- 6.8.9.3. Product Benchmarking
- 6.8.10. WaterLink Corp
- 6.8.10.1. Company Overview
- 6.8.10.2. Financial Performance
- 6.8.10.3. Product Benchmarking
- 6.8.1. Al Ahmadi General Trading
List of Tables
- Table 1 Middle East ferrous scrap recycling market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 2 Middle East ferrous scrap recycling market estimates and forecasts, by construction, 2021 - 2033 (USD Million) (Kilotons)
- Table 3 Middle East ferrous scrap recycling market estimates and forecasts, by automotive, 2021 - 2033 (USD Million) (Kilotons)
- Table 4 Middle East ferrous scrap recycling market estimates and forecasts, by consumer goods, 2021 - 2033 (USD Million) (Kilotons)
- Table 5 Middle East ferrous scrap recycling market estimates and forecasts, by industrial goods, 2021 - 2033 (USD Million) (Kilotons)
- Table 6 Saudi Arabia ferrous scrap recycling market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 7 Saudi Arabia ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (USD Million)
- Table 8 Saudi Arabia ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (Kilotons)
- Table 9 UAE ferrous scrap recycling market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 10 UAE ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (USD Million)
- Table 11 UAE ferrous scrap recycling market estimates and forecasts, by sector 2021 - 2033 (Kilotons)
- Table 12 Oman ferrous scrap recycling market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 13 Oman ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (USD Million)
- Table 14 Oman ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (Kilotons)
- Table 15 Qatar ferrous scrap recycling market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 16 Qatar ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (USD Million)
- Table 17 Qatar ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (Kilotons)
- Table 18 Iran ferrous scrap recycling market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 19 Iran ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (USD Million)
- Table 20 Iran ferrous scrap recycling market estimates and forecasts, by sector, 2021 - 2033 (Kilotons)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segmental Outlook
- Fig. 8 Competitive Outlook
- Fig. 9 Value Chain Analysis
- Fig. 10 Market Dynamics
- Fig. 11 Porter's Analysis
- Fig. 12 PESTEL Analysis
- Fig. 13 Middle East Ferrous Scrap Recycling Market: Key Takeaways
- Fig. 14 Middle East Ferrous Scrap Recycling Market: Sector Movement Analysis, 2024 & 2033
