Middle East & Africa Copper-Nickel Alloys Market

The Middle East & Africa 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 Fueling the Middle East & Africa Copper-Nickel Alloys Market 

The Middle East & Africa 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 Middle East & Africa copper-nickel alloys market players during the forecast period.

Middle East & Africa Overview

The Middle East & Africa copper-nickel alloys market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Middle East & Africa 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 Middle East & Africa, 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.

Middle East & Africa Copper-Nickel Alloys Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Copper-Nickel Alloys Strategic Insights

Strategic insights for the Middle East & Africa Copper-Nickel Alloys provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Copper-Nickel Alloys Report Scope

Middle East & Africa Copper-Nickel Alloys Regional Insights

The geographic scope of the Middle East & Africa Copper-Nickel Alloys refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Middle East & Africa copper-nickel alloys market is segmented based on product type, application, and country.   

Based on product type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa copper-nickel alloys market.