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.
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.
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.
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 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.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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 Publisher
11.2 Glossary of Terms
Table 1. MEA Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Table 2. MEA Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 4. South Africa Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 7. Saudi Arabia Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 10. UAE Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 13. Rest of MEA Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms
Figure 1. MEA Copper-Nickel Alloys Market Segmentation
Figure 2. MEA Copper-Nickel Alloys Market Segmentation - By Country
Figure 3. MEA Copper-Nickel Alloys Market Overview
Figure 4. MEA Copper-Nickel Alloys Market, By Product Type
Figure 5. MEA Copper-Nickel Alloys Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: MEA Copper-Nickel Alloys Market
Figure 8. Expert Opinion
Figure 9. MEA Copper-Nickel Alloys Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 11. MEA Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Copper-Nickel Alloys Market Revenue Share, By Product Type (2021 and 2028)
Figure 13. Rods and Bars: MEA Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Rods and Bars: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Wires: MEA Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Wires: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Tubes: MEA Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Tubes: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: MEA Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Others: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. MEA Copper-Nickel Alloys Market Revenue Share, By Application (2021 and 2028)
Figure 22. Chemical Processing: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Marine: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Power Generation: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 25. Oil and Gas: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. Automotive and Aerospace: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Others: MEA Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. MEA: Copper-Nickel Alloys Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 29. MEA: Copper-Nickel Alloys Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. South Africa: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 31. South Africa: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Saudi Arabia: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 33. Saudi Arabia: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. UAE: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 35. UAE: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of MEA: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 37. Rest of MEA: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Aesteiron Steels LLP
- American Elements Inc
- Corrotherm International Ltd
- Kalikund Steel and Engg Co
- Lebronze Alloys SAS
- Materion Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 101 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 314.61 Million |
| Forecasted Market Value ( USD | $ 414.75 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 6 |
