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Increase in Aluminium Usage in Automotive to Drive the Aluminium Scraps Market in the Middle East Says Frost & Sullivan - The Middle East (ME) aluminium scrap market is expected to witness a surge by 2015, according to Frost & Sullivan projections
Increase in Aluminium Usage in Automotive to Drive the Aluminium Scraps Market in the Middle East Says Frost & Sullivan

 

PRZOOM - /newswire/ - Dubai, UAE, United Arab Emirates, 2013/12/11 - The Middle East (ME) aluminium scrap market is expected to witness a surge by 2015, according to Frost & Sullivan projections.

   
 
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Original Equipment Manufacturers (OEMs) have set targets to reduce vehicle weight by 10 to 15 per cent to increase fuel efficiency and reduce carbon dioxide emission, and hence aluminium could contribute substantially to this initiative.

Aluminium usage in automotive is likely to be incorporated for manufacturing of cylinder heads, engine block, suspension and wheels. Aluminium wheels and engine scrap contribute to nearly 16 per cent of overall EOL (End of Life) scrap generated in the ME. As a result of adoption of sheet aluminium and aluminium profiles in luxury passenger cars, the usage of aluminium scrap in automotive is further set to rise.

The luxury passenger car industry's best practices in connection with weight and carbon emission reduction, and increased fuel economy, are slowly being adopted into mass market small and mid-sized cars and will be the key market driver going forward for emerging aluminium-based applications. Usually, 100 kg weight reduction in passenger cars can yield 2 3 per cent increase in fuel efficiency and 3.5 grams per km emission reduction of carbon dioxide. European passenger luxury cars contain 130 140 kg of aluminium content, which is set to increase to 170 180 kg by 2018; this will further boost the fuel economy of cars.

Aluminium recycling is a long term viable option for the region due to the less intense nature of the process. According to Frost & Sullivan, energy consumption in recycling is 95 per cent lower than primary production, giving it an upper hand in industries like packaging and automotive. Aluminium packaging, in fact, pays more than its own recycling cost and subsidises the recycle stream for all other packaging materials: 1 kg of aluminium can replace 3 kg of iron/steel in conventional vehicles.

"Compared to global standards, the ME has a nominal rate of 20 per cent aluminium recycling, which includes smelter re-melting, scrap generation and secondary re-melting," said Venkatesan Subramanian, Vice President and Global Leader, Metals and Minerals, Frost & Sullivan. "The key challenges in the region, which result in a low rate of recycling, are lack of development of downstream industry, higher rate of EOL scrap export (approximately 80 per cent), increase in premium of liquid metals and ingots, sliding prices at the London Metal Exchange (LME) and a lack of dross waste disposal technology," he added.According to Frost & Sullivan, the ME scrap generation market is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.8 per cent. The majority of this generation is expected from used beverage cans, contributing 40 per cent, followed by 29 per cent from extrusion, and 13 per cent from engines. The smelter and downstream production markets are also estimated to grow at a CAGR of 9.8 per cent and 7.3 per cent, respectively.

The ME aluminium dross recycling industry will get a major boost from smelter ramp-up in the region and increase in downstream re-melting facilities. Smelter production is expected to grow at a CAGR of 13.3 per cent. Local smelters are expected to increase their production capacities from 4 Million Metric Tonnes (MT) in 2012 to 7 Million MT by 2018.

If you are interested in knowing more about this subject, please send an email with your contact details to Tanu Chopra / Paroma Bhattacharya, Corporate Communications, Frost & Sullivan, at tanu.chopra[.]frost.com / paromab[.]frost.com

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Contact:
Nimisha Iyer, Corporate Communications - Middle East, North Africa, and South Asia
P: +91.22.6607 2007 / F: +91.22.2832 4713 - E: niyer[.]frost.com.

 
 
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Increase in Aluminium Usage in Automotive to Drive the Aluminium Scraps Market in the Middle East Says Frost & Sullivan

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