Saudi Arabia Metal Recycling Market (2023-2029) | Growth, Share, Trends, Revenue, Size, Segmentation, Industry, Analysis, Value, Outlook & COVID-19 IMPACT

Topics Covered in the Saudi Arabia Metal Recycling Market

Saudi Arabia Metal Recycling Market report thoroughly covers the market by scrap type, by type, by end-user sectors, and by equipment. The Metal Recycling Market Outlook report provides an unbiased and detailed analysis of the ongoing Metal Recycling Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Metal Recycling Market Synopsis

Saudi Arabia's Metal Recycling Market is estimated to gain traction in the country with the rapidly growing oil & gas, mining, construction, and power generation sectors in the country. The aluminum segment is estimated to be the fastest growing in the coming years owing to an increasing its use in the construction and packaging sector.  This will result in a large waste of scrap iron and steel, which need to be recycled is witness to secure a large market share in the country.

According to 6Wresearch, the Saudi Arabia Metal Recycling Market size is witness to secure a higher growth rate during 2023-2029. The market growth is fuelling, driven by Rapid Industrialization and urbanization resulting in an increased metal application in various industries including construction, automotive, electrical & electronics, which further boosts the demand for metal recycling. Saudi Arabia is the largest oil-producing country in the entire Middle East region.  This requires high energy for operations, leading to generating a huge metal waste to recycle, with the purpose to use recycled material for new products. This factor is widening the scope of the Saudi Arabia Metal Recycling industry in the country. On the other hand, Currently, Saudi Arabia is one of the lowest metal recycling countries, due to a lack of awareness about the metal recycling benefits and also the poor infrastructure and other related facilities to take this activity forward. Additionally, another challenge prosing a threat to the market growth is high transportation costs, as long-distance need to travel to collect scrap material which costs higher. However, despite these challenges market still has a potential to grow, with increasing government's initiatives for promoting recycling activities with the purpose to maintain environmental sustainability by reducing pollution caused by metal scrap is expected to fuel the Saudi Arabia Metal Recycling Market share.

COVID-19 Impact on the Saudi Arabia Metal Recycling Market

The metal recycling industry in Saudi Arabia faced a number of challenges during COVID-19 owing to the pandemic. The country had experienced a slowdown in construction projects and no activities in other sectors due to the close of every sector, which had led to a decline in scrap metal generation. This, in turn, reduced the recycling activity and affected the market growth. On the other hand, the Saudi Arabian government had implemented policies and regulations aimed at increasing environmental sustainability and reducing waste, with the purpose to encourage the increase recycling process. With these factors, the market experienced a mixed impact during COVID-19.

Key Players in the Saudi Arabia Metal Recycling Market

• Abdullah Ahmad Al
• Al-Qaryan Group
• Al-Rashed Group
• Advanced Metal Recycling Co. (AMR.
• Saudi Recyclers

Market Analysis by Scrap Type

According to Shivankar, Research Manager, 6wresearch, New scrap in the country is gaining momentum in the country owing to increasing rapid industrialization, which releases industrial waste at a huge rate with excess production waste material.

Market Analysis by End-Use Sectors

Based on this, the renewable sector in the country is growing with the government’s target to increase renewable energy use in the county, hence many active solar projects. Where aluminum and brass are highly used that release metal scrap, hence this sector is projected to widen the market landscape.

Market Analysis by Type

Based on this, the Nonferrous type is leading with the growing renewable industry, as demand for nonferrous metals is high to develop wind turbines and solar panels. On the other hand, ferrous metals are also gaining popularity owing to an increasing construction sector in the country.

Market Analysis by Product Type

Based on this product type, Shredders, and shears are widely used in the industries for the initial operations of scrap materials, while granulating machines and briquetting machines are used for further operations

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Metal Recycling Market Outlook
• Market Size of Saudi Arabia Metal Recycling Market, 2022
• Forecast of Saudi Arabia Metal Recycling Market, 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Revenues & Volume for the Period 2019 - 2029
• Saudi Arabia Metal Recycling Market Trend Evolution
• Saudi Arabia Metal Recycling Market Drivers and Challenges
• Saudi Arabia Metal Recycling Price Trends
• Saudi Arabia Metal Recycling Porter's Five Forces
• Saudi Arabia Metal Recycling Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By By Scrap Type for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Old Scrap for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By New Scrap for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By By Type for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Ferrous for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Non-Ferrous for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By By Equipment for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Shredders for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Shears for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Granulating Machines for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Briquetting Machines for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By By End-use Sector for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Building & Construction for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Automotive for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Equipment Manufacturing for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Shipbuilding for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Packaging for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Consumer Appliances for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Metal Recycling Market Revenues & Volume By Others for the Period 2019 - 2029
• Saudi Arabia Metal Recycling Import Export Trade Statistics
• Market Opportunity Assessment By By Scrap Type
• Market Opportunity Assessment By By Type
• Market Opportunity Assessment By By Equipment
• Market Opportunity Assessment By By End-use Sector
• Saudi Arabia Metal Recycling Top Companies Market Share
• Saudi Arabia Metal Recycling Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Metal Recycling Company Profiles
• Saudi Arabia Metal Recycling Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Scrap Type

• Old Scrap
• New Scrap

By Type

• Ferrous
• Non-Ferrous

By Equipment

• Shredders
• Shears
• Granulating Machines
• Briquetting Machines

By End-Use Sector

• Building & Construction
• Automotive
• Equipment Manufacturing
• Shipbuilding
• Packaging
• Consumer Appliances
• Others

Saudi Arabia Metal Recycling Market: FAQs