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              GCC aluminum scrap and recycling market to grow by 10%

              ifpinfo

              January 7, 2013
              in Business, Renewable Energy
              0

              The aluminum scrap and recycling market in the GCC was estimated at 292,281 metric tons (MT) in 2010 and is expected to reach 593,434 MT in 2017 at a compound annual growth rate (CAGR) of 10.6 per cent, a report said.

              The aluminum recycling market is at a nascent stage in the GCC, as it is predominantly an export driven market, added the report Aluminum Scrap and Recycling Market in the GCC released by Frost & Sullivan, a leading growth partnership company.

              The aluminum downstream industry is yet to establish itself as a major scrap procurer in this region, it said.

              The current market volume for aluminum scrap in the GCC gets 35-40 per cent from Used Beverage Can scrap (UBC), 30-35 per cent from Door and Windows Scrap while other scrap types are Engine Scrap (TENSE) at 11 per cent, Wheel Scrap (TROMA) at 5 per cent, Sheet Scrap (Taint and Tabor) at 4 per cent, Cable Scrap (Talon) and other type of mixed alloy scraps constituting about 5-7 per cent.

              The aluminum re-melting facilities that consume the scrap and form alloy grades based on customer requirements are majorly present in the UAE, Bahrain and Saudi Arabia with few key players in the rest of the region.

              Considering the region is a global player in aluminum production and a valuable source of export revenue apart from serving the booming domestic market, the GCC has planned development of new aluminum smelters in Saudi Arabia and expansion of existing smelters into Phase 2 commissioning in Qatar, the UAE, Oman and Bahrain.

              “The GCC is one of the fastest growing aluminum markets in the world. With the development of new smelters and expansions, more secondary re-melting opportunities will arise,” said Frost & Sullivan Metals and Minerals Analyst.

              “Downstream players are moving towards the scrap recycling market in order to reduce significant energy costs and be efficient operationally to cut input costs and reduce the carbon footprint. These are some of the factors driving growth in the aluminum recycling industry in the region.

              “Additionally, the emergence of the packaging industry, growth in automotive, construction and consumer sectors in the GCC are expected to further drive the aluminum scrap generation. Frost & Sullivan therefore anticipates the secondary aluminum market in the GCC to be a key contributor to the recycling industry and create huge employment opportunities in the next 10 years.”

              Frost & Sullivan’s recent study on the Aluminum Scrap and Recycling Market in the GCC indicates that the individual aluminum re-melting facilities play a huge role in converting aluminum scrap and making secondary alloy ingots based on customer requirements.

              In addition, as major scrap recyclers look at more export opportunities, downstream players are left with limited sources of scrap in the region.

              Frost & Sullivan recommends implementation of new export policies so that the scrap generated in the GCC is used within the region for better energy utilization and to obtain economies of scale.
              ifpinfo
              7 January

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