According to the Market Statsville Group (MSG), the UAE Metals Market size is expected to project a considerable CAGR of 9.3% from 2024 to 2033. 

The UAE Metals market is one of the strategic sectors in the industrial structure of the nation that depends on the healthy construction, automotive, and manufacturing industries. The market is conducive to UAE due to it is located at the center of the trade map; imports and exports of metals including steel, aluminum, and copper among others are massive. This is due to the UAE’s large infrastructure projects in areas such as cities, transport, and renewable energy. Moreover, changes in the international price of metals, shifts in consumer demand from various segments, and advancements in technologies of metal processing and the recycling of metals. The shift towards sustainable building practices and environmental conservation is being adopted in the UAE is causing the market to adopt metal products that are friendly to the environment. However, some of the issues such as volatility in the prices of raw materials and competition from companies that are located within the same geographical location still exist. In aggregate, the UAE Metals Market can still be deemed active; the development of which depends on the country’s further diversification of the economy and targeted investment in industrialization. 

Definition of the Metals

The UAE Metals Market denotes the industry or sector involved in the production, import, export, and use of various metals in the United Arab Emirates. The main metals are steel, aluminum, copper, and precious metals, which serve as critical inputs to industries such as construction, automobiles, manufacturing, and energy. Most importantly, the market is driven by the strategic position of the UAE in terms of trade apart from its strong infrastructure development and continuous economic diversification, thus playing an important role in the national industrial and economic framework.

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Scope of the UAE Metals Market 

The study categorizes the Metals market based on metal type, application, process, product form, and distribution channel at the regional and UAE levels.

By Metal Type Outlook (Sales, USD Million, 2019-2033)

• Steel
• Aluminum
• Copper
• Precious Metals 
• Other Metals 

By Process Type Outlook (Sales, USD Million, 2019-2033)

• Mining
• Smelting & Refining
• Others 

By Application Outlook (Sales, USD Million, 2019-2033)

• Construction
• Automotive
• Manufacturing
• Energy and Power
• Infrastructure
• Electronics and Electrical
• Consumer Goods

By Product Form Outlook (Sales, USD Million, 2019-2033)

• Sheets and Plates
• Bars and Rods
• Coils
• Tubes and Pipes
• Wires
• Foils

By Distribution Channel Outlook (Sales, USD Million, 2019-2033)

• Direct Sales
• Distributors and Dealers
• Online Sales

Construction segment accounts for the largest market share by application

Based on the application, the market is divided into Construction, Automotive, Manufacturing, Energy and Power, Infrastructure, Electronics and Electrical, and Consumer Goods. The construction segment accounted for the largest market share in the UAE Metals market. This sector leads due to the large degree of urbanization and structural infrastructure projects implemented in the UAE in both private and commercial sectors such as residential buildings, office spaces, and large project construction projects. The expanding construction industries in the country quoting the fast-growing urbanization, large-scale housing projects, and key transportation projects namely, roads & bridges, airports & rail demand a massive requirement of metals, majorly steel & aluminum. These metals are particularly used for construction purposes, strengthening purposes, and cladding and plating applications. Moreover, the UAE’s vision to build smart cities and energy-efficient structures propels this demand due to the contemporary construction methods that necessitate various and superior metal products. Thus, the construction sector continues to be one of the largest consumers of metals in the UAE due to the gigantic current and potential construction works; it dominates the consumption and market of metals.

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Competitive Landscape: UAE Metals Market 

The competitive landscape in the UAE metals market includes companies operating both on a domestic and international level, with major producers, suppliers, and distributors. The companies struggle with various parameters such as price, quality of products, technological advancement, and customer service. Regional players from the Middle East and global giants participate in the competition, especially in the areas of steel and aluminum, in efforts to make continuous developments in efficiency, sustainability, and product offerings to sustain market share.

Major players in the UAE Metals market are: 

• Emirates Global Aluminium
• Khambati Metal Industries
• Dubal
• Aluminium Bahrain
• Al Ruwais Metal and Steel Factory LLC.
• Sharjah Steel
• ArcelorMittal
• Cochin Steel LLC.
• National Metal Manufacturing & Casting Co
• Oman Chrome Company
• Other Major Players

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Recent Development 

• In May 2024, Dubai-based developer Binghatti acquired a state-of-the-art steel manufacturing facility in Dubai. This newly acquired steel factory serves as a huge milestone toward Binghatti's commitment to innovation and excellence in the real estate field.
• In May 2024, Bechtel Formed a Joint Ownership of Unger Steel Fabrication FZE The joint venture includes Unger's steel fabrication facility in the Hamriyah Free Trade Zone of Sharjah, United Arab Emirates. Unger Steel is currently Bechtel's main supplier for fabricated steel on many of its international projects.