Market Forecast By Application (Wire Rod Mills, Brass Mills, Ingot Makers, Foundries and Other Industries) And Competitive Landscape
Product Code: ETC274359 | Publication Date: Aug 2022 | Updated Date: May 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Copper Scrap market currently, in 2023, has witnessed an HHI of 4952, Which has decreased moderately as compared to the HHI of 7554 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
As per 6Wresearch, Saudi Arabia Copper Scrap Market Size is projected to reach at a CAGR 4.5% during the 2025 to 2031. This growth is driven by industrial demand for recycled copper, which aligns with environmentally conscious practices.
Report Name | Saudi Arabia Copper Scrap Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Electrical Sector |
The Saudi Arabia Copper Scrap Market report thoroughly covers the market by application. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The Saudi Arabian copper scrap market is seeing giant growth, driven by the development of the industrial and building sectors. An expanding emphasis on recycling, rising demand for secondary raw materials and initiatives towards a circular economy, in production are the primary drivers of this trend. Government-led sustainability programs and the country's advantageous trade position strengthen this upward trend. This trend is further supported by foreign investments and partnerships in the recycling sector, which aim to increase efficiency and technology. As a result, Saudi Arabia is poised to become a key player in the regional copper scrap market, attracting both local and international stakeholders.
The Saudi Arabia Copper Scrap Market is anticipated to grow at a CAGR of 4.5% during the forecast period 2025-2031.Major factors contributing to its growth are increased focus on sustainability by reducing extraction of copper and recycling the used one. Additionally, government initiatives to promote the recycling of various hardware and find eco-friendly alternatives under Vision 2030 drive the Saudi Arabia Copper Scrap Market Growth. Moreover, global trade is the key growth factor for this industry as all countries focus on sustainable alternatives. Technological advancements and innovations are further propelling the demand for this sector.
However, major challenges in the Saudi Arabia Copper Scrap Market include increasing and maintaining the quality of copper during the process of recycling. Protecting the used copper from corrosion is also a major problem for the manufacturers. Moreover, finding proper warehouses and storage boxes for used copper is difficult in the market. The lack of suitable storage solutions can reduce the efficiency of recycling methods and affect the overall quality of the final product. Thus, it is essential to address these important challenges for the growth and sustainability of the copper scrap market in Saudi Arabia.
The Saudi Arabia is copper scrap market is witnessing steady growth driven by the surging demand for sustainable materials. Increasing construction and infrastructure projects significantly fuel the consumption of recycled copper for wiring and plumbing. Additionally, the nation’s shift toward renewable energy sources is boosting the need for copper in power systems. Policies promoting recycling and waste management further contribute to market growth. The adoption of advanced processing technologies is another trend enhancing efficiency and productivity, solidifying the role of recycled copper in Saudi Arabia evolving industrial landscape.
Investors can find lucrative opportunities in the Saudi Arabia Copper Scrap Industry, fuelled by the Kingdom's rapid urbanization and industrial expansion. Investment prospects are particularly promising in recycling plants adopting innovative processing technologies to maximize output. The growing renewable energy sector provides additional demand, creating profitable avenues for copper scrap suppliers. Supportive government policies aligned with Vision 2030 objectives further incentivize businesses within the recycling industry. By capitalizing on these factors, investors can contribute to a circular economy while securing substantial returns in this expanding market.
Key players contributing to the Saudi Arabia Copper Scrap Market Share include Abdullah M. Basuhail Trading Est., Al Tamam Modern Scrap Trading, and Al Khamis Recycling Factory. These companies are actively involved in promoting copper recycling and are engaged in research to develop innovative methods for transforming old copper into valuable materials.
The Saudi Arabian government has implemented robust regulations to promote sustainability and efficiency within the copper scrap market. These policies are designed to encourage businesses to adopt eco-friendly practices and integrate advanced recycling technologies. By aligning with Vision 2030, these regulations aim to reduce environmental impact while boosting the circular economy. Strict compliance measures also ensure that operational standards are maintained, reinforcing ethical recycling efforts. Incentives like tax benefits and subsidies provide further encouragement for companies to invest in green initiatives, creating a favourable business environment for copper recycling.
The Saudi Arabia copper scrap market is poised for rapid growth amidst rising demand for sustainable materials and renewable energy projects. The increasing use of copper in green technologies, such as electric vehicles and solar panels, bolsters its importance. Emerging innovations in recycling methods, combined with supportive government policies, are likely to enhance efficiency and profitability in this sector. With Vision 2030 advancing, significant investments are expected, creating opportunities for local and global stakeholders to shape a thriving, environmentally responsible copper scrap market.
The report offers a comprehensive study of the following market segments and their leading categories
According to Ashutosh, Senior Research Analyst at 6Wresearch,wire rod mills are the leading application sector. This dominance is attributed to the extensive use of copper wire rods in various industries, including electrical, construction, and electronics. The demand for copper wire rods is driven by their essential role in manufacturing electrical wiring and components, which are integral to infrastructure development and technological advancements. Additionally, the cost-effectiveness and energy efficiency of using recycled copper in wire rod production further bolster this sector's prominence in the market.
The Market report covers a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Copper Scrap Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Copper Scrap Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Copper Scrap Market - Industry Life Cycle |
3.4 Saudi Arabia Copper Scrap Market - Porter's Five Forces |
3.5 Saudi Arabia Copper Scrap Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Copper Scrap Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Copper Scrap Market Trends |
6 Saudi Arabia Copper Scrap Market, By Types |
6.1 Saudi Arabia Copper Scrap Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Copper Scrap Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 Saudi Arabia Copper Scrap Market Revenues & Volume, By Wire Rod Mills, 2021-2031F |
6.1.4 Saudi Arabia Copper Scrap Market Revenues & Volume, By Brass Mills, 2021-2031F |
6.1.5 Saudi Arabia Copper Scrap Market Revenues & Volume, By Ingot Makers, 2021-2031F |
6.1.6 Saudi Arabia Copper Scrap Market Revenues & Volume, By Foundries and Other Industries, 2021-2031F |
7 Saudi Arabia Copper Scrap Market Import-Export Trade Statistics |
7.1 Saudi Arabia Copper Scrap Market Export to Major Countries |
7.2 Saudi Arabia Copper Scrap Market Imports from Major Countries |
8 Saudi Arabia Copper Scrap Market Key Performance Indicators |
9 Saudi Arabia Copper Scrap Market - Opportunity Assessment |
9.1 Saudi Arabia Copper Scrap Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Copper Scrap Market - Competitive Landscape |
10.1 Saudi Arabia Copper Scrap Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Copper Scrap Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |