Middle East & Africa Copper-Nickel Alloys Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

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The MEA copper-nickel alloys market is expected to grow from US$ 314.61 million in 2022 to US$ 414.75 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Presence of Large Desalination Plants is Fuelling the MEA Copper-Nickel Alloys Market

The MEA relies heavily on desalinated water due to extreme water scarcity and low groundwater reservoirs. Saudi Arabia alone has more than 33 desalination plants across 17 locations run by the Saline Water Conversion Co-operation (SWCC), which accounts for 20% of the global production of desalinated water. Moreover, the UAE has planned to open three new desalination plants with a combined capacity of 420 million imperial gallons per day (MIGD), which would increase the country's total water capacity to 1,590 MIGD by 2023. Copper-nickel alloys have excellent corrosion resistance. Copper-nickel alloys are widely used in multi-stage flash distillation (MSF) and multiple-effect distillation (MED) desalination plants to provide high corrosion resistance to heat exchangers and other components, including tubeplate, water boxes, pipe fittings, and evaporator shells. When seawater is fed to the desalination system, it causes corrosion of metal components, which can reduce the lifespan of the total system. Therefore, copper-nickel alloys are used in desalination systems. Thus, the presence of many desalination plants is expected to create huge demand for copper-nickel alloys, which would provide lucrative opportunities for the MEA copper-nickel alloys market players during the forecast period.

MEA Overview

The MEA copper-nickel alloys market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The MEA copper-nickel alloys market growth is attributed to the high demand for copper-nickel alloys from industries such as oil & gas, automotive, marine, etc. The growing automotive sales in South Africa and Saudi Arabia are creating a significant demand for copper-nickel alloys. Copper-nickel alloys are used in manufacturing different components of vehicles. Further, the strong presence of the oil & gas sector in countries of the MEA, such as Saudi Arabia, Iraq, the UAE, Iran, and Kuwait, also creates a huge demand for copper-nickel alloys. Copper-nickel alloys are used in subsea bolting, shafts for pumps & valves, valve spindles, hydraulic pistons and cylinders, hydraulic connectors, and pressure couplings in the oil and gas industry. Moreover, Gulf countries are promoting the transition to renewable energy by launching ambitious infrastructure projects designed to help them reduce their reliance on oil and gas to meet domestic energy needs. Gulf states are diversifying their economies into solar energy production to meet net-zero targets. For example, Saudi Arabia launched five new renewable energy projects to produce electricity sustainably, it aims to grow the share of gas and renewable energy in its power mix to 50% by 2030.

MEA Copper-Nickel Alloys Market Revenue and Forecast to 2028 (US$ Million)

MEA Copper-Nickel Alloys Market Segmentation

The MEA copper-nickel alloys market is segmented based on product type, application, and country.

Based on product type, the MEA copper-nickel alloys market is segmented into rods & bars, wires, tubes, and others. The rods & bars segment held the largest market share in 2022.

Based on application, the MEA copper-nickel alloys market is segmented into chemical processing, marine, power generation, oil & gas, automotive & aerospace, and others. The marine segment held the largest market share in 2022.

Based on country, the MEA copper-nickel alloys market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Our regional analysis states that Saudi Arabia dominated the market in 2022.

Aesteiron Steels LLP, American Elements Inc, Corrotherm International Ltd, Kalikund Steel and Engg Co, Lebronze Alloys SAS, and Materion Corp are the leading companies operating in the MEA copper-nickel alloys market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA copper-nickel alloys market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the MEA copper-nickel alloys market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the copper-nickel alloys market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00027933

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 MEA Copper-Nickel Alloys Market, by Product Type
- 1.3.2 MEA Copper-Nickel Alloys Market, by Application
- 1.3.3 MEA Copper-Nickel Alloys Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. MEA Copper-Nickel Alloys Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. MEA Copper-Nickel Alloys Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Widespread Applications of Copper-Nickel Alloys
- 5.1.2 Extensive Usage of Copper-Nickel Alloys in Marine Industry
5.2 Market Restraints
- 5.2.1 High Cost of Copper-Nickel Alloys
5.3 Market Opportunities
- 5.3.1 Presence of Large Desalination Plants
5.4 Future Trends
- 5.4.1 Surge in the Adoption of Copper-Nickel Alloys in Renewable Energy Projects
5.5 Impact Analysis

6. Copper-Nickel Alloys Market - MEA Analysis

6.1 MEA Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
6.2 MEA Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)

7. MEA Copper-Nickel Alloys Market Analysis - By Product Type

7.1 Overview
7.2 MEA Copper-Nickel Alloys Market, By Product Type (2021 and 2028)
7.3 Rods and Bars
- 7.3.1 Overview
- 7.3.2 Rods and Bars: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
- 7.3.3 Rods and Bars: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Wires
- 7.4.1 Overview
- 7.4.2 Wires: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
- 7.4.3 Wires: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Tubes
- 7.5.1 Overview
- 7.5.2 Tubes: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
- 7.5.3 Tubes: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
- 7.6.3 Others: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)

8. MEA Copper-Nickel Alloys Market Analysis - By Application

8.1 Overview
8.2 MEA Copper-Nickel Alloys Market, By Application (2021 and 2028)
8.3 Chemical Processing
- 8.3.1 Overview
- 8.3.2 Chemical Processing: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Marine
- 8.4.1 Overview
- 8.4.2 Marine: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Power Generation
- 8.5.1 Overview
- 8.5.2 Power Generation: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Oil and Gas
- 8.6.1 Overview
- 8.6.2 Oil and Gas: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Automotive and Aerospace
- 8.7.1 Overview
- 8.7.2 Automotive and Aerospace: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)

9. MEA Copper-Nickel Alloys Market - Country Analysis

9.1 Overview
- 9.1.1 MEA: Copper-Nickel Alloys Market, by Key Country
  - 9.1.1.1 South Africa: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
  - 9.1.1.2 South Africa: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 South Africa: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.2.2 South Africa: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.2.3 South Africa: Copper-Nickel Alloys Market, by Application
  - 9.1.1.3 Saudi Arabia: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
  - 9.1.1.4 Saudi Arabia: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.4.1 Saudi Arabia: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.4.2 Saudi Arabia: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.4.3 Saudi Arabia: Copper-Nickel Alloys Market, by Application
  - 9.1.1.5 UAE: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
  - 9.1.1.6 UAE: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.6.1 UAE: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.6.2 UAE: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.6.3 UAE: Copper-Nickel Alloys Market, by Application
  - 9.1.1.7 Rest of MEA: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
  - 9.1.1.8 Rest of MEA: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.8.1 Rest of MEA: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.8.2 Rest of MEA: Copper-Nickel Alloys Market, by Product Type
    - 9.1.1.8.3 Rest of MEA: Copper-Nickel Alloys Market, by Application

10. Company Profiles

10.1 Corrotherm International Ltd
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 Lebronze Alloys SAS
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 Materion Corp
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Aesteiron Steels LLP
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
10.5 American Elements Inc
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments
10.6 Kalikund Steel and Engg Co
- 10.6.1 Key Facts
- 10.6.2 Business Description
- 10.6.3 Products and Services
- 10.6.4 Financial Overview
- 10.6.5 SWOT Analysis
- 10.6.6 Key Developments

11. Appendix

11.1 About The Insight Partners
11.2 Glossary of Terms